Cheap Homes for Rent in Little Rock, AR from $500 (252 Rentals)

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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property at 11 Connell Dr

11 Connell Dr

Little RockAR72205

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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property at 5700 B St

5700 B St

Little RockAR72205

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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property at 617 UAMS Blvd

617 UAMS Blvd

Little RockAR72205

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Little Rock, AR Local Guide

Cheapest Neighborhoods for Apartments in Little Rock, AR

Pricing Updated: 07/31/2025

Current apartment rentals in the Little Rock, AR area range in price from $595 to $6,000 with an overall median price of $2,116. The three Little Rock neighborhoods with the lowest median rent pricing are 65th Street West at $800, Chicot West I 30 South at $600, and Cloverdale Watson at $600. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Little Rock Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
65th Street West$1,295$80015
Chicot West I 30 South$1,295$6009
Cloverdale Watson$1,295$60027
Mabelvale$1,295$60025
South Geyer Spring$1,295$1,0503
Wakefield$1,295$60020
Ward 7$1,295$60023
Westwood Pecan Lake$1,295$82511
East of I-30$1,300$65014
East Little Rock$1,375$60070

Cheapest Available Little Rock Apartments for Rent

 

The cheapest available apartment rental in Little Rock, AR is a Studio unit found at Augusta Place in the Jacksonville Sherwood neighborhood priced from $485. Park Heights Apartments in the Ward 3 neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $505. Here is today’s list of the most affordable Little Rock apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Augusta PlaceStudio SmallStudio,1BA$485
Park Heights Apartments1 Bedroom1BR,1BA$505
Terra Vista Apartments1 Bedroom Small1BR,1BA$585
Residences at the OverlookA11BR,1BA$600
The Waterford ApartmentsS1 - WaterfordStudio,1BA$640
Luxe 30A11BR,1BA$650

Best Value Apartments for Rent in Little Rock, AR

As of July 31, 2025 the best value apartment in the Little Rock area is the $0.86 price per square foot 3 bedroom 2 bath Model at Vantage Point in the in the Ward 3 neighborhood starting from $1,180. The second greatest value Little Rock apartment is the 1904 E 2nd St Model at 1904 E 2nd St, Unit 1 starting at $650 with a $0.59 price per square foot in the East Little Rock neighborhood. Here is today’s list of the best values for Little Rock apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Vantage Point3 bedroom 2 bath3BR,2BA$0.86
1904 E 2nd St, Unit 11904 E 2nd St3BR,1BA$0.59
2105 E Washington Ave, Unit A2105 E Washington Ave3BR,1BA$0.59
Bowman Heights ApartmentsC12BR,2BA$0.88
Chenal PlaceThe Bonelli2BR,2BA$0.87
1922 W Short 17th St, Unit 21922 W Short 17th St2BR,1BA$0.70
Rosewood Apartments2.1 Renovated2BR,1BA$0.84
1904 Allen St, Unit 11904 Allen St1BR,1BA$0.80
2107 E Washington Ave, Unit A2107 E Washington Ave1BR,1BA$0.83
816 W 36th St, Unit A816 W 36th St1BR,1BA$0.83

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Frequently Asked Questions about Little Rock

What type of rentals are currently available in Little Rock?

There are currently 636 Apartments for Rent in Little Rock, AR with pricing that ranges from $485 to $4,427. There are also 458 Single Family Homes for rent, Condos, and Townhome rentals currently available in Little Rock ranging from $595 to $6,000.

What is the current price range for Rental Homes in Little Rock?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Little Rock ranges from $595 to $6,000 with an average monthly rent of $1,631.

How much are larger Three and Four Bedroom Rentals in Little Rock?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Little Rock range from $650 to $4,427, while Three Bedroom Homes, Condos, and Townhomes for rent range from $695 to $4,500. Four Bedroom Single-Family rentals are also available starting from $895 and Four Bedroom Apartments start at $1,295.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

decorative image for Exploring the Best Affordable Neighborhoods in Little Rock: Finding Your Perfect Place article

Exploring the Best Affordable Neighborhoods in Little Rock: Finding Your Perfect Place

Written by: Melissa Maxwell

I lived in Little Rock, Arkansas for a time as a child. My grandmother was born and raised there with her seven brothers and sisters. On the day my grandmother was born, her father paid the doctor with a hog.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.