
Cheap Apartments for Rent in the Reservoir Neighborhood of Little Rock, AR from $500 (46 Rentals)
Search the lowest-cost Apartments available for rent right now in the Reservoir area of Little Rock.


Residences at The Overlook

The Bentley Apartments

Towne Oaks Apartments

The Waterford Apartments

Bowman Heights Apartments

3 Meredith Ct

De Soto Park Apartments
Reservoir - One of the Best Affordable Neighborhoods in Little Rock
Named as one of the Best Affordable Neighborhoods to rent in Little Rock by our Local Expert Melissa Maxwell. See how it ranks!

The Berkley

Beacon Hill Apartments

Northwest Hills Apartments

Fairfield

Sturbridge Townhomes

Georgetown Apartments

Foxglen Apartments

Pleasant Woods
Little Rock's Best Affordable Neighborhoods
Learn about Little Rock and the best places to live with original content written by Local Expert Melissa Maxwell

10002 W Markham St

Lennox

Little Rock I-008

The Vineyards at Napa Valley

Breckenridge Apartments

1803 Reservoir Rd

1100 Brookside Dr

The View at Breckenridge Apartments

Normandy Place Apartments

Highline Apartments
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PROSPER Pleasant Valley - Valley Crossing

11124 Mara Lynn Rd
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6401 Sandpiper Dr

7713 South St
Reservoir, Little Rock, AR Local Guide

How much does it cost to rent an apartment in Reservoir?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Reservoir Studio Apartments | $707 | $690 | $725 |
Reservoir 1 Bedroom Apartments | $848 | $505 | $1,434 |
Reservoir 2 Bedroom Apartments | $1,027 | $570 | $1,607 |
Reservoir 3 Bedroom Apartments | $1,444 | $850 | $1,945 |
Browse Apartments in this Neighborhood
There are currently 46 rentals with your search options within a 2 mile radius of the Reservoir Neighborhood of Little Rock, AR.
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Reservoir, Little Rock, AR Local Guide
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Cheapest Available Reservoir Apartments for Rent
 The cheapest available apartment rental in the Reservoir area of Little Rock, AR is a 1 Bed unit found at Park Heights Apartments priced from $505. Residences at The Overlook has the second lowest priced unit, which is a 1 Bed apartment currently listed from $600. Here are the most affordable Reservoir apartments for rent in Little Rock, AR:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Park Heights Apartments | 1 Bedroom | 1BR,1BA | $505 |
Residences at The Overlook | A1 | 1BR,1BA | $600 |
Towne Oaks Apartments | A1 | 1BR,1BA | $645 |
The Bentley Apartments | 1 bed 1 bath w/wd in unit | 1BR,1BA | $645 |
Chenal Place | The Ashland | 1BR,1BA | $660 |
The Waterford Apartments | S1 - Waterford | Studio,1BA | $685 |
The Berkley | 1 Bed 1 Bath B | 1BR,1BA | $725 |
Midtown @ 7575 | 1BR/1BA | 1BR,1BA | $725 |
Beacon Hill Apartments | Serenity | 1BR,1BA | $730 |
Northwest Hills Apartments | 1 Bedroom - Deluxe | 1BR,1BA | $740 |
Best Value Apartments for Rent in Reservoir, AR
As of May 09, 2025 the best value apartment in the Reservoir area is the $0.87 price per square foot Magnolia 2.1.5 TH Rehab Model at Legacy Pointe in the in the Ward 3 neighborhood starting from $995. The second greatest value Reservoir apartment is the 3BD/ 2BA Model at Highline Apartments starting at $1,200 with a $1.04 price per square foot in the Ward 5 neighborhood. Here is today’s list of the best values for Reservoir apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Legacy Pointe | Magnolia 2.1.5 TH Rehab | 2BR,1.5BA | $0.87 |
Highline Apartments | 3BD/ 2BA | 3BR,2BA | $1.04 |
511 Chickadee Dr, Unit B | 511 Chickadee Dr | 2BR,2BA | $1.10 |
Chenal Place | The Bonelli | 2BR,2BA | $0.94 |
Fairfield | 2 Bed 2 Bath A | 2BR,2BA | $0.95 |
Breckenridge Apartments | State Capitol (Renovated) | 2BR,1.5BA | $1.05 |
Residences at The Overlook | B1 | 2BR,1BA | $1.10 |
Park Heights Apartments | 2 BR, Townhome-W/D in Unit | 2BR,1.5BA | $0.89 |
Little Rock I-008 | B1P | 2BR,1.5BA | $0.99 |
The Berkley | 1 Bed 1 Bath B | 1BR,1BA | $1.00 |
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.
Lifestyle Ratings
ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of neighborhoods, metropolitan areas, and rental properties across Arkansas and customized analysis for North Little Rock, AR. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including searching for the best amenities, and easy access to the parks, pet-friendly features, features that make it easier to raise kids, proximity to transit, and how walkable or bikeable each community and area is. These search options are in the site filters at the top of this page.
Getting Around the Reservoir Neighborhood in Little Rock, AR
Walk Score®
63 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
30 / 100
Somewhat Bikeable
Minimal bike infrastructure
Transit Score®
24 / 100
Minimal Transit
It may be possible to get on a bus
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Reservoir Apartments
What is a cheap apartment in Reservoir?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Reservoir is under $740.
What is the price of a cheap apartment in Reservoir?
The cheapest apartment in Reservoir is Park Heights Apartments which is listed at $505, while the average apartment in Reservoir costs $1,439.
What types of apartments are the cheapest in Reservoir?
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 22 regular apartments in Reservoir 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 Reservoir?
Cheap apartments in Reservoir have an average cost of $141 which is $1,298 cheaper than the average rent for all rentals in Reservoir.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

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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