Cheap Apartments for Rent in the Wakefield Neighborhood of Little Rock, AR from $400 (15 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Wakefield 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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Pine Garden
Studio to 2 Bedroom Apartments

Pine Garden

6414 Baseline RdLittle Rock, AR 72209
  • Utilities Included
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Villas on Sixty Fifth
1 to 3 Bedroom Apartments

Villas on Sixty Fifth

5001 W 65th StLittle Rock, AR 72209
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Pulaski Estates
2 to 3 Bedroom Apartments

Pulaski Estates

8307 Stanton RdLittle Rock, AR 72209
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Hoffman Apartments
1 to 2 Bedroom Apartments

Hoffman Apartments

4725 Hoffman RdLittle Rock, AR 72209

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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South Oaks
1 to 2 Bedroom Apartments

South Oaks

3401 Fair Park BlvdLittle Rock, AR 72204
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Auxora Arms Apartments
1 to 3 Bedroom Apartments

Auxora Arms Apartments

9101 Auxor RdLittle Rock, AR 72209
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Terrace Green Apartments
1 to 4 Bedroom Apartments

Terrace Green Apartments

8223 Scott Hamilton DrLittle Rock, AR 72209
  • Utilities Included

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.

Wakefield, Little Rock, AR Local Guide

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. Luxe 30 has the second lowest priced unit, which is a 1 Bed apartment currently listed from $650. Here are the most affordable Wakefield apartments for rent in Little Rock, AR:

Apartment ListingModel NameBed/BathPriced From
Terra Vista Apartments1 Bedroom Small1BR,1BA$535
Luxe 30A11BR,1BA$650
Rosewood Apartments2.12BR,1BA$650
Casona Apartments by HampshireOne Bedroom1BR,1BA$700
South Oaks11BPU1BR,1BA$720

Best Value Apartments for Rent in Wakefield, AR

As of May 30, 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 $1,466 with a $1.55 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Rosewood Apartments3.13BR,1BA$0.82
Summit at Town and Country3A- Sec 8 & LIHTC3BR,2BA$1.55
The Foundry ApartmentsCarlisle (Townhome)2BR,1.5BA$1.01
Luxe 30A2 Premium with Black Appliances1BR,1BA$1.34
South Oaks11BRR1BR,1BA$1.15
Casona Apartments by HampshireOne Bedroom1BR,1BA$1.13
Village Green1 Bedroom1BR,1BA$1.33
Terra Vista Apartments1 Bedroom Large1BR,1BA$1.07

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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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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Pet Friendly Lifestyle
Wakefield, Little Rock, AR

Ranked #51

Among cities in Arkansas for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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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 $995.

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 10 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 $256 which is $739 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.

Helpful Local Expert Guides

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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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Exploring Little Rock: A Students Guide on Where to Live Near Little Rock's Best Colleges

Written by: Melissa Maxwell

Alright! You got into college! The next four years are going to be super thrilling. Little Rock is a city with quite a checkered past.

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A Guide to Working and Living in Little Rock: Major Companies and Charming Neighborhoods

Written by: Melissa Maxwell

I'm Melissa, your ApartmentHomeLiving.com Local Expert for Little Rock, Arkansas. Arkansas has a reputation as being a rather rural state. That isn't far from true.

Articles, How-To's, and Tips

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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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.