Cheap Apartments for Rent in the Reservoir Neighborhood of Little Rock, AR from $500 (73 Rentals)

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

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Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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

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

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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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A Guide to Working and Living in Little Rock: Major Companies and Charming Neighborhoods

Little Rock, Arkansas: Your essential guide to finding the perfect home, from charming historic areas to dense suburbs, all conveniently located near the city’s top employers.

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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 $520. Towne Oaks Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $645. Here are the most affordable Reservoir apartments for rent in Little Rock, AR:

Apartment ListingModel NameBed/BathPriced From
Park Heights Apartments1 Bedroom1BR,1BA$520
Towne Oaks ApartmentsA11BR,1BA$645
Chenal PlaceThe Alder1BR,1BA$670
Bowman Heights ApartmentsA1 - Pine1BR,1BA$675
Orleans SquareOne Bed1BR,1BA$695
De Soto Park Apartments1/1.001BR,1BA$700
Dream Little RockA1P1BR,1BA$714
Residences At The OverlookOne Large Bedroom $7501BR,1BA$724
The View at Breckenridge ApartmentsA1 Atlas1BR,1BA$725
Midtown @ 75751x11BR,1BA$725

Best Value Apartments for Rent in Reservoir, AR

As of May 30, 2026 the best value apartment in the Reservoir area is the $0.83 price per square foot The Riverbend Model at Sturbridge in the in the Ward 4 neighborhood starting from $915. The second greatest value Reservoir apartment is the 2 Bedroom 1.5 Bathroom Townhouse Model at Georgetown Apartments starting at $899 with a $0.90 price per square foot in the Ward 3 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.
SturbridgeThe Riverbend2BR,1.5BA$0.83
Georgetown Apartments2 Bedroom 1.5 Bathroom Townhouse2BR,1.5BA$0.90
Normandy Place Apartments2.2 Rehab2BR,2BA$0.88
Foxglen Apartments2 x 22BR,2BA$1.04
Breckenridge ApartmentsOld State House2BR,1.5BA$0.85
The Grove at Pleasant Valley Apartment Homes1 Bedroom w/Sunroom and Patio1BR,1BA$1.09
Park Heights Apartments2 BR, Townhome-W/D in Unit2BR,1.5BA$0.95
Chenal PlaceThe Ashland1BR,1BA$0.92
De Soto Park Apartments1/1.001BR,1BA$0.95
The Berkley1 Bed 1 Bath B1BR,1BA$1.10

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

Explore Little Rock like a local! This student guide covers the best neighborhoods for renting near the area's top schools. Find your Little Rock apartment today!

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

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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 $725.

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

The lowest price for a Cheap One Bedroom Reservoir Apartment is $520 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 $635 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 Chenal Place and starts from $1,005.

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.

Helpful Local Expert Guides

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

Written by: Melissa Maxwell

Alright! You got into college! The next four years are going to be super thrilling. Little Rock is a city with quite a checkered past.

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A Guide to Working and Living in Little Rock: Major Companies and Charming Neighborhoods

Written by: Melissa Maxwell

I'm Melissa, your ApartmentHomeLiving.com Local Expert for Little Rock, Arkansas. Arkansas has a reputation as being a rather rural state. That isn't far from true.

Articles, How-To's, and Tips

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.