Cheap Apartments for Rent in the Reservoir Neighborhood of Little Rock, AR from $500 (49 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Reservoir area of Little Rock.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Chenal Place
Rent Specials
$710 - $1,055
Total Monthly Price

Total Monthly Price

Base Rent
$693 - $1,038
Required Monthly Fees
$17
Total Monthly Price
$710 - $1,055
1 to 3 Bedroom Apartments Available Now

Chenal Place

1812 Reservoir RdLittle Rock, AR 72227
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The Bentley Apartments
$710
Total Monthly Price

Total Monthly Price

Base Rent
$660
Required Monthly Fees
$50
Total Monthly Price
$710
1 Bedroom Apartments Contact Us For Availability

The Bentley Apartments

2001 Green Mountain DrLittle Rock, AR 72212
Affordability
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  • Utilities Included
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Pleasant Woods
Rent Specials
$770 - $1,038
Total Monthly Price

Total Monthly Price

Base Rent
$705 - $973
Required Monthly Fees
$65
Total Monthly Price
$770 - $1,038
1 to 2 Bedroom Apartments Available Now

Pleasant Woods

11800 Pleasant Ridge RdLittle Rock, AR 72223
Affordability
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  • Customer Reviewed
  • 3D Tour

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Lennox
Rent Specials
$848 - $1,205
Total Monthly Price

Total Monthly Price

Base Rent
$831 - $1,188
Required Monthly Fees
$17
Total Monthly Price
$848 - $1,205
1 to 2 Bedroom Apartments Available Now

Lennox

601 Napa Valley DrLittle Rock, AR 72211
Outdoors
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Ridgecrest Apartments
Studio to 2 Bedroom Apartments

Ridgecrest Apartments

1900-2000 Reservoir RdLittle Rock, AR 72227
  • Utilities Included
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Z-Meredith Ct
1 to 2 Bedroom Apartments

Z-Meredith Ct

1-8 Meredith CtLittle Rock, AR 72227
  • Utilities Included

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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Pleasant Ridge
1 to 3 Bedroom Apartments

Pleasant Ridge

11700 Pleasant Ridge RdLittle Rock, AR 72223
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Park Heights Townhomes
2 Bedroom Apartments

Park Heights Townhomes

1700 N Bryant StLittle Rock, AR 72207
  • Utilities Included
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Indian Villas
1 to 2 Bedroom Apartments

Indian Villas

7700 Indian TrlLittle Rock, AR 72227
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7718 S St
2 Bedroom Apartments

7718 S St

7718 S StLittle Rock, AR 72227
  • Utilities Included

Reservoir - One of the Best Affordable Neighborhoods in Little Rock

Named as one of the Best Affordable Neighborhoods to rent in Little Rock by our Local Expert Melissa Maxwell. See how it ranks!

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X-Bristol Manor
Studio to 2 Bedroom Apartments

X-Bristol Manor

101 Ellis DrLittle Rock, AR 72205
Showing Results 1-49, Page 1 of 1

Reservoir, Little Rock, AR Local Guide

Cheapest Available Reservoir Apartments for Rent

 

The cheapest available apartment rental in the Reservoir area of Little Rock, AR is a 1 Bed unit found at Park Heights Apartments priced from $505. The Waterford Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $650. Here are the most affordable Reservoir apartments for rent in Little Rock, AR:

Apartment ListingModel NameBed/BathPriced From
Park Heights Apartments1 Bedroom1BR,1BA$505
The Waterford ApartmentsS1 - Waterford - RenovatedStudio,1BA$650
Towne Oaks ApartmentsA21BR,1BA$675
Bowman Heights ApartmentsA1 - Pine1BR,1BA$685
Orleans SquareOne Bed1BR,1BA$695
Midtown @ 75751x11BR,1BA$725
FairfieldAmber1BR,1BA$725
Residences At The OverlookTwo Bed with W/D Hook-ups- B12BR,1BA$725
Legacy PointeThe Dogwood 1.1 S Classic1BR,1BA$740
Northwest Hills Apartments1 Bedroom - Original1BR,1BA$740

Best Value Apartments for Rent in Reservoir, AR

As of February 26, 2026 the best value apartment in the Reservoir area is the $0.90 price per square foot 2 Bedroom 1.5 Bathroom Townhouse Model at Georgetown Apartments in the in the Ward 3 neighborhood starting from $899. The second greatest value Reservoir apartment is the The Bonelli Model at Chenal Place starting at $870 with a $0.88 price per square foot in the Ward 4 neighborhood. Here is today’s list of the best values for Reservoir apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Georgetown Apartments2 Bedroom 1.5 Bathroom Townhouse2BR,1.5BA$0.90
Chenal PlaceThe Bonelli2BR,2BA$0.88
Normandy Place Apartments2.2 Rehab2BR,2BA$0.88
The Berkley2 Bed 2 Bath A2BR,2BA$0.92
Breckenridge ApartmentsOld State House2BR,1.5BA$0.85
Residences At The OverlookTwo Bed with W/D Hook-ups- B12BR,1BA$0.84
Park Heights Apartments2 BR, Townhome-W/D in Unit2BR,1.5BA$0.89
Foxglen Apartments1 x 11BR,1BA$1.13
Midtown @ 75751x11BR,1BA$1.12
Towne Oaks ApartmentsA21BR,1BA$1.04

Exploring Little Rock: A Student's Guide on Where to Live Near Little Rock's Best Colleges

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

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

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

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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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Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of neighborhoods, metropolitan areas, and rental properties across Arkansas and customized analysis for North Little Rock, AR. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including searching for the best amenities, and easy access to the parks, pet-friendly features, features that make it easier to raise kids, proximity to transit, and how walkable or bikeable each community and area is. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Reservoir Apartments

What is the Cheapest Studio apartment in Reservoir?

Currently the most affordable Cheap Studio Apartment in Reservoir is at The Waterford Apartments listed at $650.

How much is rent for a Cheap One Bedroom Reservoir Apartment?

The lowest price for a Cheap One Bedroom Reservoir Apartment is $505 at Park Heights Apartments.

What is the lowest price for a Cheap Two Bedroom Reservoir Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Reservoir is starting from $570 at Park Heights Apartments.

What is the most affordable Reservoir Three Bedroom Apartment?

The best deal on a cheap Reservoir Three Bedroom Apartment rental is at Highline and starts from $1,125.

Expert Rental Resources

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.

Articles, How-To's, and Tips

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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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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.