
Cheap Apartments for Rent in the Ward 5 Neighborhood of Little Rock, AR from $600 (57 Rentals)
Search the lowest-cost Apartments available for rent right now in the Ward 5 area of Little Rock.


Bowman Heights Apartments

The Waterford Apartments

Dream Little Rock

19115 Colonel Glenn Rd

The Bentley Apartments

The Berkley

Fairfield

Pleasant Woods

Napa Valley
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11123 Beverly Hills Dr

The Waters at Chenal Apartments

Shadow Lake - Muse

The Landings at Rock Creek Apartments

Turtle Creek - Lennox

The Vineyards at Napa Valley

Stonebridge at the Ranch

Landmark Apartments

Chenal Commons

Capitol Hill
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Arbors of Pleasant Valley

Westside Creek

Pleasant Valley Pointe

The Grove at Pleasant Valley Apartment Homes

The Cedars at Wellington Lake

The Lexington Apartments

Highland Pointe of West Little Rock

508 Green Mountain Cir

Hampton Astoria

McKenzie Park Apartments
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422 Gamble Rd

Palisades at Chenal Valley

Fitzroy at Chenal

Carrington Park

The Ridge at Chenal Valley Apartments

Renaissance Pointe

Rowan Park

503 Green Mountain Cir

16320 Lamarche Dr

14 Woodlore Cir
Little Rock's Best Affordable Neighborhoods
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Dream Little Rock II

Pleasant Ridge

Baker School Apartments

Northwest Hills Apartments

Pinnacle Valley View Apartments

601 Mimi Ln

Highline

Green Mountain Apartments

508 Green Mountain Cir

518 Green Mountain Dr
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Ward 5, Little Rock, AR Local Guide

How much does it cost to rent an apartment in Ward 5?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Ward 5 Studio Apartments | $867 | $680 | $1,263 |
| Ward 5 1 Bedroom Apartments | $977 | $675 | $1,706 |
| Ward 5 2 Bedroom Apartments | $1,168 | $695 | $2,210 |
| Ward 5 3 Bedroom Apartments | $1,601 | $1,179 | $2,750 |
Browse Apartments in this Neighborhood
There are currently 57 rentals with your search options within a 3 mile radius of the Ward 5 Neighborhood of Little Rock, AR.
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Ward 5, Little Rock, AR Local Guide
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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 Overlook priced from $650. Bowman Heights Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $675. Here are the most affordable Ward 5 apartments for rent in Little Rock, AR:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Residences at Overlook | The Mesa | 1BR,1BA | $650 |
| Bowman Heights Apartments | A1 - Pine | 1BR,1BA | $675 |
| The Waterford Apartments | S1 - Waterford | Studio,1BA | $680 |
| Dream Little Rock | A1P | 1BR,1BA | $689 |
| Baker School Apartments | 1 Beds, 1 Baths | 1BR,1BA | $695 |
| Northwest Hills Apartments | 1 Bedroom - Original | 1BR,1BA | $740 |
| The Berkley | 1 Bed 1 Bath A | 1BR,1BA | $760 |
| Pleasant Woods | The Birch | 1BR,1BA | $770 |
| Napa Valley | A1 | 1BR,1BA | $785 |
| The Waters at Chenal Apartments | A1 | 1BR,1BA | $809 |
Best Value Apartments for Rent in Ward 5, AR
As of July 21, 2026 the best value apartment in the Ward 5 area is the $1.24 price per square foot Iris Model at Shadow Lake - Muse in the in the Ward 5 neighborhood starting from $1,510. The second greatest value Ward 5 apartment is the Briarwood Model at Capitol Hill starting at $1,191 with a $1.03 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Shadow Lake - Muse | Iris | 3BR,2BA | $1.24 |
| Capitol Hill | Briarwood | 3BR,2BA | $1.03 |
| The Cedars at Wellington Lake | Model 2B | 2BR,2BA | $1.13 |
| Palisades at Chenal Valley | 1 Bedroom w/Bonus Room | 1BR,1BA | $1.11 |
| Highland Pointe of West Little Rock | 2 Bed, 2 Bath | 2BR,2BA | $1.14 |
| The Grove at Pleasant Valley Apartment Homes | 1 Bedroom - Medium | 1BR,1BA | $1.12 |
| Stonebridge at the Ranch | The Menai Straits | A2 | 1BR,1BA | $1.20 |
| Turtle Creek - Lennox | Pine | 1BR,1BA | $1.21 |
| Bowman Heights Apartments | A1 - Pine | 1BR,1BA | $1.13 |
| Residences at Overlook | The Mesa | 1BR,1BA | $1.18 |
Exploring Little Rock: A Student's Guide on Where to Live Near Little Rock's Best Colleges
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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.
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 the Cheapest Studio apartment in Ward 5?
Currently the most affordable Cheap Studio Apartment in Ward 5 is at The Waterford Apartments listed at $680.
How much is rent for a Cheap One Bedroom Ward 5 Apartment?
The lowest price for a Cheap One Bedroom Ward 5 Apartment is $650 at Residences at Overlook.
What is the lowest price for a Cheap Two Bedroom Ward 5 Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Ward 5 is starting from $825 at Residences at Overlook.
What is the most affordable Ward 5 Three Bedroom Apartment?
The best deal on a cheap Ward 5 Three Bedroom Apartment rental is at Capitol Hill and starts from $1,208.
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

Catfish, Crystals, and Culture: A Local Insider's Guide to Little Rock
Written by: Melissa Maxwell
I'm Melissa, your ApartmentHomeLiving.com Local Expert for Little Rock, Arkansas. My grandmother was from Little Rock. She went to North Little Rock High School. Yes, that North Little Rock High School.

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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.

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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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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.
Articles, How-To's, and Tips

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Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.