Cheap Apartments for Rent in the Ward 5 Neighborhood of Little Rock, AR from $600 (61 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Ward 5 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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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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property at 11020 Birchwood Dr

$1,500

Total Monthly Price

Total Monthly Price

Base Rent
$1,500
Total Monthly Price
$1,500

4 Bedroom, 2 Bath Home for Rent

Available Jun 15

11020 Birchwood Dr

Little RockAR72211

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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Dream Little Rock II
1 to 3 Bedroom Apartments

Dream Little Rock II

1502 Green Mountain DrLittle Rock, AR 72211
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Pleasant Ridge
1 to 3 Bedroom Apartments

Pleasant Ridge

11700 Pleasant Ridge RdLittle Rock, AR 72223
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Highline
2 to 3 Bedroom Apartments

Highline

420 Napa Valley DrLittle Rock, AR 72211

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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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 2 Beds unit found at Lennox priced from $588. 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
LennoxElm2BR,1BA$588
The Waterford ApartmentsS1 - WaterfordStudio,1BA$650
Bowman Heights ApartmentsA1 - Pine1BR,1BA$675
Residences at the OverlookOne Bed- A11BR,1BA$680
Dream Little RockA1P1BR,1BA$689
FairfieldAmber1BR,1BA$699
Northwest Hills Apartments1 Bedroom - Original1BR,1BA$740
Napa ValleyA11BR,1BA$785
Landmark ApartmentsSandlewoodStudio,1BA$800
MuseClay1BR,1BA$813

Best Value Apartments for Rent in Ward 5, AR

As of April 13, 2026 the best value apartment in the Ward 5 area is the $1.23 price per square foot Antebellum Model at The Lexington Apartments in the in the Ward 5 neighborhood starting from $1,290. The second greatest value Ward 5 apartment is the Blanchard Model at Westside Creek starting at $1,200 with a $1.22 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$1.23
Westside CreekBlanchard2BR,1.5BA$1.22
Capitol HillMeadowbrook2BR,2BA$0.96
The Berkley1 Bed 1 Bath C1BR,1BA$0.98
MuseClay1BR,1BA$1.15
LennoxPine1BR,1BA$1.21
Highland Pointe of West Little Rock1 Bed, 1 Bath1BR,1BA$1.21
Northwest Hills Apartments1 Bedroom - Premium1BR,1BA$1.24
Bowman Heights ApartmentsA1 - Pine1BR,1BA$1.17
Residences at the OverlookOne Bed- A11BR,1BA$1.24

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.

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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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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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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.

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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 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 $650.

How much is rent for a Cheap One Bedroom Ward 5 Apartment?

The lowest price for a Cheap One Bedroom Ward 5 Apartment is $680 at Residences at the 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 $588 at Lennox.

What is the most affordable Ward 5 Three Bedroom Apartment?

The best deal on a cheap Ward 5 Three Bedroom Apartment rental is at The Lexington Apartments and starts from $1,290.

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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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.

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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.

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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.