The Raphael - Beautifully Renovated!
500 N Caraway Rd,
Jonesboro, AR 72401
$999 - $1,099
2-3 Beds
Downtown Jonesboro
Jonesboro, AR
Downtown Jonesboro - Jonesboro, AR Area Guide
Home of the Red Wolves
Walkable
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University
•
Football
•
Shops
•
Restaurants
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Brick-paved sidewalks, historic buildings housing locally-owned shops and restaurants, and period lighting define a great downtown district, and Downtown Jonesboro has all of that -- with a twist. You'll find the same red wolf painted on many of the windows and adorning flags, especially during football season. Of course, the Red Wolves are a key part of living in Downtown Jonesboro -- it's within walking distance of the Arkansas State University campus.
Living in Downtown Jonesboro, you'll have easy access to some of the city's best restaurants: Omar's Uptown, The Parsonage 322, Sue's Kitchen -- you'll also have access to places like the Foundation of the Arts, St. Bernards Auditorium, and the Arkansas Children's Hospital. Head to the Arkansas State campus to visit the University Museum and the Bradbury Art Museum, and cheer on the Red Wolves at Centennial Bank Stadium.
Rent Trends
As of April 2026, the average apartment rent in Downtown Jonesboro is $592 for a studio, $930 for one bedroom, $1,048 for two bedrooms, and $1,262 for three bedrooms. Apartment rent in Downtown Jonesboro has decreased by -0.9% in the past year.
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Studio
-
347 sq ft
Average Sq Ft
-
$592/month
Average Rent
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1 BR
-
542 sq ft
Average Sq Ft
-
$930/month
Average Rent
-
2 BR
-
904 sq ft
Average Sq Ft
-
$1,048/month
Average Rent
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3 BR
-
1,209 sq ft
Average Sq Ft
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$1,262/month
Average Rent
Getting Around
Explore how walkable, bikeable, drivable, and transit-friendly Downtown Jonesboro - Jonesboro, AR is for everyday living.
Somewhat Walkable
Walkability
30
/ 100
Limited Public Transit
Transit
20
/ 100
Very Drivable
Drivability
80
/ 100
Somewhat Bikeable
Bikeability
20
/ 100
Daily Essentials
Downtown Jonesboro - Jonesboro, AR offers all daily essentials, but they’re limited to a few main areas.
Supermarket Within a 20 Minute Walk
Groceries
50
/ 100
Fair Restaurant Variety Nearby
Restaurants
50
/ 100
Fair Café Variety Nearby
Cafes
50
/ 100
Fair Variety of Shops Nearby
Shopping
50
/ 100
Local Vibe
Get a sense of what it’s like to live in Downtown Jonesboro - Jonesboro, AR from everyday activity to noise and nightlife.
Mostly Calm Atmosphere
Vibrancy
20
/ 100
Few to No Nightlife Options Nearby
Nightlife
10
/ 100
Very Noisy
Quiet Score
20
/ 100
Scores provided by
Points of Interest
Shopping Centers
Parks and Recreation
- Crowley's Ridge Nature Center
- Lake Frierson State Park
Commuter Rail
Military Bases
Colleges
Top Apartments in Downtown Jonesboro
Houses for Rent in Downtown Jonesboro
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.