
Cheap Apartments for Rent in the Wakefield Neighborhood of Little Rock, AR from $400 (15 Rentals)
Search the lowest-cost Apartments available for rent right now in the Wakefield area of Little Rock.


Rosewood Apartments

Terra Vista Apartments

Summit at Town and Country

Casona Apartments by Hampshire
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.

The Foundry Apartments

Luxe 30

Pine Garden

Villas on Sixty Fifth

Pulaski Estates
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.

Hoffman Apartments

South Oaks

Auxora Arms Apartments

Villa Nueva Apartments

Terrace Green Apartments
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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.
Wakefield, Little Rock, AR Local Guide

How much does it cost to rent an apartment in Wakefield?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Wakefield 1 Bedroom Apartments | $714 | $535 | $1,100 |
| Wakefield 2 Bedroom Apartments | $818 | $650 | $1,231 |
| Wakefield 3 Bedroom Apartments | $1,075 | $830 | $1,400 |
Browse Apartments in this Neighborhood
There are currently 15 rentals with your search options within a 2 mile radius of the Wakefield Neighborhood of Little Rock, AR.
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Wakefield, Little Rock, AR Local Guide
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Cheapest Available Wakefield Apartments for Rent
 The cheapest available apartment rental in the Wakefield area of Little Rock, AR is a 1 Bed unit found at Terra Vista Apartments priced from $535. The Summit at Geyer Springs has the second lowest priced unit, which is a 1 Bed apartment currently listed from $599. Here are the most affordable Wakefield apartments for rent in Little Rock, AR:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Terra Vista Apartments | 1 Bedroom Small | 1BR,1BA | $535 |
| The Summit at Geyer Springs | 1 bedroom | 1BR,1BA | $599 |
| Rosewood Apartments | 2.1 Renovated | 2BR,1BA | $650 |
| South Oaks | 11APU | 1BR,1BA | $695 |
| Casona Apartments by Hampshire | One Bedroom | 1BR,1BA | $700 |
Best Value Apartments for Rent in Wakefield, AR
As of April 13, 2026 the best value apartment in the Wakefield area is the $0.82 price per square foot 3.1 Model at Rosewood Apartments in the in the Ward 2 neighborhood starting from $830. The second greatest value Wakefield apartment is the 3A- Sec 8 & LIHTC Model at Summit at Town and Country starting at $1,400 with a $1.48 price per square foot in the Ward 2 neighborhood. Here is today’s list of the best values for Wakefield apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Rosewood Apartments | 3.1 | 3BR,1BA | $0.82 |
| Summit at Town and Country | 3A- Sec 8 & LIHTC | 3BR,2BA | $1.48 |
| Luxe 30 | A2 Premium with Black Appliances | 1BR,1BA | $1.34 |
| The Foundry Apartments | Roland (REHAB) | 1BR,1BA | $1.22 |
| Colonial Parc Apartments | 1X1 | 1BR,1BA | $1.12 |
| The Summit at Geyer Springs | 1 bedroom | 1BR,1BA | $0.96 |
| Casona Apartments by Hampshire | One Bedroom | 1BR,1BA | $1.13 |
| Village Green | 1 Bedroom | 1BR,1BA | $1.33 |
| Terra Vista Apartments | 1 Bedroom Large | 1BR,1BA | $1.07 |
| South Oaks | 11ARR | 1BR,1BA | $1.39 |
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.
Read ArticleExploring 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!
Read ArticleDon'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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Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
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Read ArticleQuick 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.
Pet Friendly LifestyleWakefield, Little Rock, AR
Ranked #51
Among cities in Arkansas for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Frequently Asked Questions about Cheap Wakefield Apartments
What is the price of a cheap apartment in Wakefield?
The cheapest apartment in Wakefield is Terra Vista Apartments which is listed at $535, while the average apartment in Wakefield costs $1,000.
What types of apartments are the cheapest in Wakefield?
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 32 regular apartments in Wakefield 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 Wakefield?
Cheap apartments in Wakefield have an average cost of $368 which is $632 cheaper than the average rent for all rentals in Wakefield.
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

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.

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.

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.

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.