
Cheap Homes for Rent in Ward 5 Neighborhood of Little Rock, AR from $1,000 (10 Rentals)
Search the lowest-cost Homes available for rent right now in the Ward 5 area of Little Rock.


508 Green Mountain Cir

422 Gamble Rd

503 Green Mountain Cir

503 Green Mountain Cir
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.

1801 Mesquite Cir

11020 Birchwood Dr

12119 Shawnee Forest Dr

711 Mimi Ln

711 Mimi Ln
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.
Ward 5, Little Rock, AR Local Guide

How much does it cost to rent a home in Ward 5?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Ward 5 2 Bedroom Homes for Rent | $1,164 | $1,060 | $1,300 |
| Ward 5 3 Bedroom Homes for Rent | $2,159 | $1,500 | $4,000 |
| Ward 5 4 Bedroom Homes for Rent | $2,425 | $1,500 | $3,800 |
Browse Homes for Rent in this Neighborhood
There are currently 10 rentals with your search options within a 3 mile radius of the Ward 5 Neighborhood of Little Rock, AR.
Explore Little Rock
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 Dream Little Rock priced from $669. 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 |
|---|---|---|---|
| Dream Little Rock | A1P | 1BR,1BA | $669 |
| Bowman Heights Apartments | A1 - Pine | 1BR,1BA | $675 |
| The Waterford Apartments | S1 - Waterford - Renovated | Studio,1BA | $725 |
Best Value Apartments for Rent in Ward 5, AR
As of June 06, 2026 the best value apartment in the Ward 5 area is the $1.07 price per square foot Winchester Model at Palisades at Chenal Valley in the in the Ward 5 neighborhood starting from $1,419. The second greatest value Ward 5 apartment is the Meadowbrook Model at Capitol Hill starting at $962 with a $1.01 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. |
|---|---|---|---|
| Palisades at Chenal Valley | Winchester | 2BR,2BA | $1.07 |
| Capitol Hill | Meadowbrook | 2BR,2BA | $1.01 |
| Lennox | Oak | 2BR,2BA | $1.27 |
| Fairfield | Opal | 2BR,2BA | $0.96 |
| Highland Pointe of West Little Rock | 2 Bed, 2 Bath | 2BR,2BA | $1.06 |
| The Grove at Pleasant Valley Apartment Homes | 1 Bedroom w/Sunroom and Patio | 1BR,1BA | $1.14 |
| Hampton Astoria | 1BR/1.0BA | 1BR,1BA | $1.18 |
| Pleasant Woods | The Oak | 1BR,1BA | $1.27 |
| Northwest Hills Apartments | 1 Bedroom - Premium | 1BR,1BA | $1.24 |
| Bowman Heights Apartments | A1 - Pine | 1BR,1BA | $1.13 |
Frequently Asked Questions about Ward 5
What type of rentals are currently available in Ward 5?
There are currently 57 Apartments for Rent in Ward 5, AR with pricing that ranges from $669 to $2,750. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Ward 5 ranging from $1,060 to $4,000.
What is the current price range for Rental Homes in Ward 5?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Ward 5 ranges from $1,060 to $4,000 with an average monthly rent of $1,916.
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

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.

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.

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

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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.

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.