Cheap Apartments for Rent in the Reservoir Neighborhood of Little Rock, AR from $500 (46 Rentals)

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

property at 3 Meredith Ct

3 Meredith Ct

Little RockAR72227

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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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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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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Z-Meredith Ct
1 Bedroom Apartments

Z-Meredith Ct

1-8 Meredith CtLittle Rock, AR 72227
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Ridgecrest Apartments
Studio to 2 Bedroom Apartments

Ridgecrest Apartments

1900-2000 Reservoir RdLittle Rock, AR 72227
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Orleans Square
1 Bedroom Apartments

Orleans Square

1801 Georgia AveLittle Rock, AR 72207
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1100 Brookside Dr
1 Bedroom Apartments

1100 Brookside Dr

1100 Brookside DrLittle Rock, AR 72227
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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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Park Heights Townhomes
2 Bedroom Apartments

Park Heights Townhomes

1700 N Bryant StLittle Rock, AR 72207
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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
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Little Rock's Best Affordable Neighborhoods

Learn about Little Rock and the best places to live with original content written by Local Expert Melissa Maxwell

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property at 7713 South St

7713 South St

Little RockAR72227
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X-Bristol Manor
2 Bedroom Apartments

X-Bristol Manor

101 Ellis DrLittle Rock, AR 72205
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Pleasant Ridge
1 to 2 Bedroom Apartments

Pleasant Ridge

11700 Pleasant Ridge RdLittle Rock, AR 72223
Showing Results 1-46, 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. Towne Oaks Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $635. Here are the most affordable Reservoir apartments for rent in Little Rock, AR:

Apartment ListingModel NameBed/BathPriced From
Park Heights Apartments1 Bedroom1BR,1BA$505
Towne Oaks ApartmentsA21BR,1BA$635
The Bentley Apartments1 bed 1 bath w/wd in unit1BR,1BA$645
The Waterford ApartmentsS1 - WaterfordStudio,1BA$650
Chenal PlaceThe Ashland1BR,1BA$665
Residences at The OverlookA21BR,1BA$700
The View at Breckenridge ApartmentsA1 Atlas1BR,1BA$725
Midtown @ 75751BR/1BA1BR,1BA$725
Beacon Hill ApartmentsSerenity1BR,1BA$735
The Berkley1 Bed 1 Bath A1BR,1BA$740

Best Value Apartments for Rent in Reservoir, AR

As of June 06, 2025 the best value apartment in the Reservoir area is the $1.04 price per square foot 3BD/ 2BA Model at Highline Apartments in the in the Ward 5 neighborhood starting from $1,200. The second greatest value Reservoir apartment is the The Belmont Model at Chenal Place starting at $1,045 with a $0.97 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.
Highline Apartments3BD/ 2BA3BR,2BA$1.04
Chenal PlaceThe Belmont2BR,2BA$0.97
Normandy Place Apartments2.2 Rehab2BR,2BA$0.92
Fairfield2 Bed 2 Bath A2BR,2BA$0.95
Breckenridge ApartmentsState Capitol (Renovated)2BR,1.5BA$1.05
Residences at The OverlookB12BR,1BA$1.10
Park Heights Apartments2 BR, Townhome-W/D in Unit2BR,1.5BA$0.89
Little Rock I-008B1P2BR,1.5BA$1.02
Midtown @ 75751BR/1BA1BR,1BA$1.12
Towne Oaks ApartmentsA11BR,1BA$1.09

Quick Rent Budget Calculator

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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.

Getting Around the Reservoir Neighborhood in Little Rock, AR

Walk Score®

63 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

30 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

24 / 100

Minimal Transit

It may be possible to get on a bus

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Reservoir Apartments

What is a cheap apartment in Reservoir?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Reservoir is under $740.

What is the price of a cheap apartment in Reservoir?

The cheapest apartment in Reservoir is Park Heights Apartments which is listed at $505, while the average apartment in Reservoir costs $1,405.

What types of apartments are the cheapest in Reservoir?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 11 regular apartments in Reservoir that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Reservoir?

Cheap apartments in Reservoir have an average cost of $152 which is $1,253 cheaper than the average rent for all rentals in Reservoir.

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.

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

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.