Cheap Apartments for Rent in the Reservoir Neighborhood of Little Rock, AR from $500 (51 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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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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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

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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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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Midtown @ 7575
1 to 3 Bedroom Apartments

Midtown @ 7575

7575 Cantrell RdLittle Rock, AR 72207
  • Utilities Included
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7718 S St
2 Bedroom Apartments

7718 S St

7718 S StLittle 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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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. Residences at the Overlook has the second lowest priced unit, which is a 1 Bed apartment currently listed from $629. Here are the most affordable Reservoir apartments for rent in Little Rock, AR:

Apartment ListingModel NameBed/BathPriced From
Park Heights Apartments1 Bedroom1BR,1BA$505
Residences at the OverlookA21BR,1BA$629
Towne Oaks ApartmentsA11BR,1BA$645
The Waterford ApartmentsS1 - WaterfordStudio,1BA$650
Chenal PlaceThe Ashland1BR,1BA$675
Midtown @ 75751BR/1BA1BR,1BA$725
Orleans SquareOne Bed1BR,1BA$750
Beacon Hill ApartmentsOasis1BR,1BA$755
Fairfield1 Bed 1 Bath A1BR,1BA$760
The Bentley Apartments1 bed 1 bath w/wd in unit1BR,1BA$760

Best Value Apartments for Rent in Reservoir, AR

As of December 07, 2025 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 2.2 Rehab Model at Normandy Place Apartments starting at $915 with a $0.93 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.
Georgetown Apartments2 Bedroom 1.5 Bathroom Townhouse2BR,1.5BA$0.90
Normandy Place Apartments2.2 Rehab2BR,2BA$0.93
Breckenridge ApartmentsOld State House2BR,1.5BA$0.85
Legacy PointeThe Cypress 2.1.5 Rehab2BR,1.5BA$0.97
Park Heights Apartments2 BR, Townhome-W/D in Unit2BR,1.5BA$0.89
Dream Little RockB1P2BR,1.5BA$0.96
Chenal PlaceThe Ashland1BR,1BA$0.92
The Berkley1 Bed 1 Bath B1BR,1BA$1.08
Residences at the OverlookA21BR,1BA$0.98
Bowman Heights ApartmentsA11BR,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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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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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.

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 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 $1,325.

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 6 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 $136 which is $1,189 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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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!