Cheap Apartments for Rent in the Reservoir Neighborhood of Little Rock, AR from $500 (65 Rentals)

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

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

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

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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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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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
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Dream Little Rock II
1 to 3 Bedroom Apartments

Dream Little Rock II

1502 Green Mountain DrLittle Rock, AR 72211
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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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Pleasant Ridge
1 to 3 Bedroom Apartments

Pleasant Ridge

11700 Pleasant Ridge RdLittle Rock, AR 72223

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 $520. Lennox has the second lowest priced unit, which is a 2 Beds apartment currently listed from $588. Here are the most affordable Reservoir apartments for rent in Little Rock, AR:

Apartment ListingModel NameBed/BathPriced From
Park Heights Apartments1 Bedroom1BR,1BA$520
LennoxElm2BR,1BA$588
Towne Oaks ApartmentsA11BR,1BA$645
The Waterford ApartmentsS1 - WaterfordStudio,1BA$650
Bowman Heights ApartmentsA1 - Pine1BR,1BA$675
Residences at the OverlookOne Bed- A11BR,1BA$680
Dream Little RockA1P1BR,1BA$689
Orleans SquareOne Bed1BR,1BA$695
FairfieldAmber1BR,1BA$699
Midtown @ 75751x11BR,1BA$725

Best Value Apartments for Rent in Reservoir, AR

As of April 13, 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 $880 with a $0.89 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$0.89
Normandy Place Apartments2.2 Rehab2BR,2BA$0.88
Breckenridge ApartmentsOld State House2BR,1.5BA$0.85
The Berkley1 Bed 1 Bath C1BR,1BA$0.98
The View at Breckenridge ApartmentsC1 Southern Renovated2BR,2BA$1.04
Park Heights Apartments2 BR, Townhome-W/D in Unit2BR,1.5BA$0.95
Foxglen Apartments1 x 11BR,1BA$1.13
Midtown @ 75751x11BR,1BA$1.12
Bowman Heights ApartmentsA1 - Pine1BR,1BA$1.13

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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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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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

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 $588 at Lennox.

What is the most affordable Reservoir Three Bedroom Apartment?

The best deal on a cheap Reservoir Three Bedroom Apartment rental is at Towne Oaks Apartments and starts from $1,015.

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

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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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.

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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.