Cheap Apartments for Rent in the Reservoir Neighborhood of Little Rock, AR from $500 (43 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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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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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
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Indian Villas
1 to 2 Bedroom Apartments

Indian Villas

7700 Indian TrlLittle Rock, AR 72227

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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7718 S St
2 Bedroom Apartments

7718 S St

7718 S StLittle Rock, AR 72227
  • Utilities Included
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X-Bristol Manor
Studio to 2 Bedroom Apartments

X-Bristol Manor

101 Ellis DrLittle Rock, AR 72205
Showing Results 1-43, 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. Residences at the Overlook has the second lowest priced unit, which is a 1 Bed apartment currently listed from $600. 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 OverlookA11BR,1BA$600
Dream Little RockA1P1BR,1BA$629
Towne Oaks ApartmentsA11BR,1BA$645
The Waterford ApartmentsS1 - WaterfordStudio,1BA$650
Midtown @ 75751BR/1BA1BR,1BA$675
Bowman Heights ApartmentsA11BR,1BA$685
Legacy PointeThe Dogwood 1.1 S Rehab1BR,1BA$725
Beacon Hill ApartmentsSerenity1BR,1BA$740
Orleans SquareOne Bed1BR,1BA$750

Best Value Apartments for Rent in Reservoir, AR

As of November 13, 2025 the best value apartment in the Reservoir area is the $0.93 price per square foot 504 Mimi Ln Model at 504 Mimi Ln in the in the Ward 6 neighborhood starting from $1,049. The second greatest value Reservoir apartment is the The Bonelli Model at Chenal Place starting at $865 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.
504 Mimi Ln504 Mimi Ln3BR,2BA$0.93
Chenal PlaceThe Bonelli2BR,2BA$0.88
Normandy Place Apartments2.2 Rehab2BR,2BA$0.93
Highline2 Bed 2 Bath Balcony Classic2BR,2BA$1.10
Breckenridge ApartmentsOld State House2BR,1.5BA$0.85
Park Heights Apartments2 BR, Townhome-W/D in Unit2BR,1.5BA$0.89
Midtown @ 75751BR/1BA1BR,1BA$1.04
Legacy PointeThe Dogwood 1.1 S Rehab1BR,1BA$1.12
Bowman Heights ApartmentsA11BR,1BA$1.14
Residences at the OverlookA11BR,1BA$1.09

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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 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 $750.

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 $1,275.

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 62 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 $142 which is $1,133 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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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! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.