Cheap Homes for Rent in Ward 5 Neighborhood of Little Rock, AR from $800 (8 Rentals)

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

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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 Studio unit found at The Waterford Apartments priced from $650. Bowman Heights Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $695. Here are the most affordable Ward 5 apartments for rent in Little Rock, AR:

Apartment ListingModel NameBed/BathPriced From
The Waterford ApartmentsS1 - Waterford - RenovatedStudio,1BA$650
Bowman Heights ApartmentsA1 - Pine1BR,1BA$695
Dream Little RockA1P1BR,1BA$714

Best Value Apartments for Rent in Ward 5, AR

As of February 23, 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
Westside CreekBlanchard2BR,1.5BA$1.22
Capitol HillMeadowbrook2BR,2BA$1.04
The Berkley2 Bed 2 Bath A2BR,2BA$0.92
Highline2 Bed 2 Bath Premuim2BR,2BA$1.20
The Grove at Pleasant Valley Apartment Homes1 Bedroom - Large1BR,1BA$1.19
MuseClay1BR,1BA$1.18
LennoxPine1BR,1BA$1.19
Bowman Heights ApartmentsA1 - Pine1BR,1BA$1.16

Frequently Asked Questions about Ward 5

What type of rentals are currently available in Ward 5?

There are currently 55 Apartments for Rent in Ward 5, AR with pricing that ranges from $650 to $2,750. There are also 46 Single Family Homes for rent, Condos, and Townhome rentals currently available in Ward 5 ranging from $845 to $4,500.

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 $845 to $4,500 with an average monthly rent of $2,789.

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

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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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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.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

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.