Cheap Apartments for Rent in the Ward 5 Neighborhood of Little Rock, AR from $600 (44 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Ward 5 area of Little Rock.

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Pleasant Ridge
1 to 3 Bedroom Apartments

Pleasant Ridge

11700 Pleasant Ridge RdLittle Rock, AR 72223

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Ward 5, Little Rock, AR Local Guide

Cheapest Available Ward 5 Apartments for Rent

 

The cheapest available apartment rental in the Ward 5 area of Little Rock, AR is a 1 Bed unit found at Residences at the Overlook priced from $600. The Waterford Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $650. Here are the most affordable Ward 5 apartments for rent in Little Rock, AR:

Apartment ListingModel NameBed/BathPriced From
Residences at the OverlookA11BR,1BA$600
The Waterford ApartmentsS1 - Waterford - RenovatedStudio,1BA$650
Bowman Heights ApartmentsA1 - Pine1BR,1BA$685
The Berkley1 Bed 1 Bath A1BR,1BA$750
Fairfield1 Bed 1 Bath A1BR,1BA$760
Highland Pointe of West Little Rock1 Bed, 1 Bath1BR,1BA$765
Pleasant WoodsThe Birch1BR,1BA$770
Dream Little RockB2P2BR,2BA$799
Landmark ApartmentsSheratonStudio,1BA$800
MuseClay1BR,1BA$822

Best Value Apartments for Rent in Ward 5, AR

As of January 12, 2026 the best value apartment in the Ward 5 area is the $1.12 price per square foot Antebellum Model at The Lexington Apartments in the in the Ward 5 neighborhood starting from $1,175. The second greatest value Ward 5 apartment is the 1x1 Model at Palisades at Chenal Valley starting at $1,185 with a $1.20 price per square foot in the Ward 5 neighborhood. Here is today’s list of the best values for Ward 5 apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Lexington ApartmentsAntebellum3BR,2BA$1.12
Palisades at Chenal Valley1x11BR,1BA$1.20
Capitol HillMeadowbrook2BR,2BA$0.93
Dream Little RockB1D2BR,1.5BA$1.04
The Cedars at Wellington LakeModel 1D1BR,1BA$1.22
Northwest Hills ApartmentsSmall 2 Bedroom - Premium2BR,1BA$1.17
MuseClay1BR,1BA$1.16
LennoxPine1BR,1BA$1.21
Highland Pointe of West Little Rock1 Bed, 1 Bath1BR,1BA$1.13
Residences at the OverlookA11BR,1BA$1.09

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Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of rentals and neighborhoods across the USA, including Little Rock. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including rankings of the best places for outdoor amenities like tennis courts, luxury amenities, pet-friendly features, places that make kids happy, proximity to transit, walking, and biking. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Ward 5 Apartments

What is a cheap apartment in Ward 5?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Ward 5 is under $822.

What is the price of a cheap apartment in Ward 5?

The cheapest apartment in Ward 5 is Residences at the Overlook which is listed at $600, while the average apartment in Ward 5 costs $1,402.

What types of apartments are the cheapest in Ward 5?

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 15 regular apartments in Ward 5 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 Ward 5?

Cheap apartments in Ward 5 have an average cost of $127 which is $1,275 cheaper than the average rent for all rentals in Ward 5.

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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Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

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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

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