The Raphael- Beautifully Renovated!
500 N Caraway Rd,
Jonesboro, AR 72401
$999 - $1,099 | 2-3 Beds
Jonesboro is a fairly small city along Interstate 555 in the northeast corner of Arkansas. People generally know Jonesboro as the home of Arkansas State University, which serves as the cultural hub for the community. In addition to the 15,000 students enrolled at the university, folks around town regularly attend events on campus, from exhibits at the Bradbury Art Museum to symphony concerts and theater productions at the Fowler Center to Red Wolves football games at Centennial Bank Stadium. Just a few blocks west of campus, downtown Jonesboro is a modest yet attractive walking district full of historic architecture and charming storefront businesses. Craighead Forest Park on the south side provides a relaxing lake and wooded area perfect for spending a lazy weekend day or going for an invigorating run through the trails. Memphis is just an hour down the road, making it easy to take a weekend getaway to the big city.
As of March 2025, the average apartment rent in Jonesboro, AR is $557 for a studio, $889 for one bedroom, $965 for two bedrooms, and $1,130 for three bedrooms. Apartment rent in Jonesboro has increased by 1.1% in the past year.
The cost of living in Jonesboro, AR is 16.6% lower than the national average. Generally, housing in Jonesboro is 37.6% less expensive than the national average, with rent falling between $557 - $1,130. You can expect to pay 5.6% less for groceries, 7.4% less for utilities, and 12.6% less for transportation.
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
Douglas Macarthur Junior High School
Public
Grades 7-9
732 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
80
Communities
35,289
Units
35
Cities
60
Communities
17,581
Units
33
Cities
13
Communities
2,088
Units
7
Cities
108
Communities
24,665
Units
61
Cities
24
Communities
5,752
Units
21
Cities
23
Communities
2,694
Units
6
Cities
† 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 2025.