The Raphael- Beautifully Renovated!
500 N Caraway Rd,
Jonesboro, AR 72401
$999 - $1,099
2-3 Beds
Arkansas State University is dedicated to educating leaders, enhancing intellectual growth, and enriching lives. The second largest university in Arkansas, A-State was founded in 1909 and continues to be a destination university through a combination of world-class research and a long tradition of student-friendly instruction. In addition to a robust online program, ASU grants bachelor’s, master’s, and doctoral degrees in more than 150 areas of study.
A-State is the economic and cultural engine of Northeast Arkansas, located in the city of Jonesboro. Considered a college town, Jonesboro offers numerous rental houses, apartments, and townhomes in close proximity to ASU. Convenience to I-555, U.S. 49, and Jonesboro Municipal Airport allows for simple commutes and travels from campus.
NCAA Division I Red Wolves athletic teams, intramural sports, and over 150 different student organizations keep campus buzzing with activity. Jonesboro provides a host of recreational, cultural, and educational amenities in addition to the lively restaurants, colorful shops, and thriving businesses of the downtown area. Larger cities such as Memphis, Little Rock, Saint Louis, and Nashville are all within a four-hour drive too.
As of October 2025, the average apartment rent in Jonesboro, AR is $545 for a studio, $902 for one bedroom, $1,001 for two bedrooms, and $1,155 for three bedrooms. Apartment rent in Jonesboro has increased by 1.5% in the past year.
Studio
347 sq ft
Average Sq Ft
$545/month
Average Rent
1 BR
631 sq ft
Average Sq Ft
$902/month
Average Rent
2 BR
928 sq ft
Average Sq Ft
$1,001/month
Average Rent
3 BR
1,151 sq ft
Average Sq Ft
$1,155/month
Average Rent
Car-Dependent
out of 100 WalkScore® Rating
This area is considered a car-dependent area and most errands will require a car.
Somewhat Bikeable
out of 100 BikeScore® Rating
You might be able to find places to ride your bike in this area, but you’ll most likely want your car for most errands.
Valley View Intermediate School
Public
Grades 3-6
893 Students
Public
Grades 5-7
391 Students
Public
Grades PK-4
759 Students
Visual & Performing Art Magnet
Public
Grades K-6
736 Students
Public
Grades 1-6
642 Students
Valley View Junior High School
Public
Grades 7-9
712 Students
Public
Grades 5-7
391 Students
Public
Grades 8-12
674 Students
Public
Grades 7-8
546 Students
Public
Grades 7-9
784 Students
Public
Grades 10-12
631 Students
Public
Grades 8-12
674 Students
Public
Grades 9-12
981 Students
The Academies at Jonesboro High School
Public
Grades 9-12
1,394 Students
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† 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 September 2025.