Most Affordable Neighborhoods in Little Rock, AR
Some of the cheapest neighborhoods in Little Rock are Upper Baseline, Wakefield, and Meriwether. These neighborhoods offer some of the lowest rent prices in Little Rock, making them ideal for renters on a budget. As of June 13, 2025, the average rent in Little Rock is $942, which is 1.1% lower than last year. However, it's important to remember that rental prices can vary significantly based on factors such as location, amenities, and floor plans.
Upper Baseline
Average Rent
$631/Month
Year-Over-Year Rent Change
2.7%
TransitScore® Rating
22/100
Units Available
58 Rentals
Upper Baseline offers a quiet suburban atmosphere with easy access to major roads and local parks. Residents appreciate the affordable housing options and the proximity to shopping and dining along Baseline Road. The area is ideal for renters seeking a peaceful, residential neighborhood.
Wakefield
Average Rent
$640/Month
Year-Over-Year Rent Change
9.2%
TransitScore® Rating
21/100
Units Available
58 Rentals
Wakefield is a quiet, residential neighborhood offering spacious homes and tree-lined streets. Residents appreciate the proximity to local parks, schools, and shopping centers. The area’s peaceful atmosphere and suburban charm make it a great place to live.
Meriwether
Average Rent
$685/Month
TransitScore® Rating
21/100
Units Available
11 Rentals
When you’re looking for a great Little Rock neighborhood on a budget, check out Meriwether. The average rent is $685, compared to the city average of $942. Meriwether is convenient to 2Nd St & Center St, Tanglewood Center, and Heights Center. The community is walkable with a WalkScore® of 78.
Cloverdale Watson
Average Rent
$703/Month
Year-Over-Year Rent Change
0.6%
TransitScore® Rating
23/100
Units Available
25 Rentals
Cloverdale Watson is known for its parks and proximity to local schools. Renters will enjoy the community-focused environment and convenient access to nearby shopping and dining options. The neighborhood provides a suburban feel with easy access to downtown Little Rock.
Cloverdale
Average Rent
$703/Month
TransitScore® Rating
23/100
Units Available
25 Rentals
Cloverdale is an affordable neighborhood in Little Rock with an average rent price of $703. Compare this to the city average of $942. Cloverdale provides easy access to 2Nd St & Rock St, Windamere Plaza, and Bill and Hillary Clinton Ntl/Adams Field. It’s a somewhat walkable neighborhood with a WalkScore® of 62.
Sturbridge
Average Rent
$729/Month
TransitScore® Rating
23/100
Units Available
30 Rentals
If you’re looking for a great, affordable neighborhood in Little Rock, Sturbridge might be the perfect place! It has an average rent price of $729, while the city’s average stands at $942. Sturbridge is near Central Arkansas Nature Center, Philander Smith College, and Univ. of Ark. Medical Scis..
Reservoir
Average Rent
$737/Month
Year-Over-Year Rent Change
1.1%
TransitScore® Rating
24/100
Units Available
35 Rentals
Extending west from the Jackson Reservoir and the surrounding Reservoir Park, the Reservoir neighborhood provides a variety of outdoor activities, including fishing and hiking. To the north of the neighborhood, the Arkansas River is lined with parks and the Arkansas River Trail, a scenic trail for biking or walking. Residents can take I-630 to reach downtown Little Rock in about 10 minutes, making this an excellent location for both outdoor adventures and enjoying the shopping, dining, and entertainment in the city.
Oak Forest
Average Rent
$739/Month
Year-Over-Year Rent Change
1.4%
TransitScore® Rating
29/100
Units Available
19 Rentals
Oak Forest is a top choice for budget-conscious renters for a variety of reasons. The average rent in Oak Forest is $739 while the city average is $942. This is a 1.4% difference from last year. Residents enjoy convenient access to Museum of Discovery, UALR Place, and 2Nd St & Scott St. The neighborhood is considered somewhat walkable with a WalkScore® of 51.
Curran - Conway
Average Rent
$751/Month
TransitScore® Rating
30/100
Units Available
16 Rentals
When you’re looking for a great Little Rock neighborhood on a budget, check out Curran - Conway. The average rent is $751, compared to the city average of $942. Curran - Conway is convenient to University Plaza Shopping Center, UA Little Rock, and Museum of Discovery. The community is somewhat walkable with a WalkScore® of 58.
Walnut Valley
Average Rent
$803/Month
Year-Over-Year Rent Change
0.7%
TransitScore® Rating
23/100
Units Available
74 Rentals
Walnut Valley is a peaceful neighborhood offering a suburban feel with easy access to local schools and parks. Renters will appreciate the area’s close proximity to shopping and dining, as well as the quiet, family-friendly environment. The neighborhood is ideal for those seeking a tranquil place to call home.
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Methodology
Transit Score measures access to public transit. Scores range from 0 (minimal transit) to 100 (rider’s paradise). Learn more about the Transit Score methodology. Rental data is sourced from CoStar Group’s Market Trend reports. As a leading authority in commercial real estate information, analytics, and news, CoStar performs in-depth research to build and sustain an extensive database of commercial real estate insights.
We've combined this data with public records to provide the most current rental information available.