Cheapest Neighborhoods in Little Rock, AR
Some of the cheapest neighborhoods in Little Rock are Wakefield, Upper Baseline, and Oak Forest. These neighborhoods offer some of the lowest rent prices in Little Rock, making them ideal for renters on a budget. As of September 10, 2026, the average rent in Little Rock is $951, which is 0.5% higher 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.
Wakefield
Average Rent
$727/Month
Year-Over-Year Rent Change
2.6%
Units Available
28 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.
Upper Baseline
Average Rent
$733/Month
Year-Over-Year Rent Change
0.6%
Units Available
31 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.
Oak Forest
Average Rent
$743/Month
Year-Over-Year Rent Change
1.7%
Units Available
21 Rentals
When you’re looking for a great Little Rock neighborhood on a budget, check out Oak Forest. The average rent is $743, compared to the city average of $951. Rent prices have increased by 1.7%. Oak Forest is convenient to West Markham St & Spring St, 2Nd St & Center St, and Philander Smith College.
Reservoir
Average Rent
$747/Month
Year-Over-Year Rent Change
0.6%
Units Available
24 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.
Cloverdale Watson
Average Rent
$749/Month
Year-Over-Year Rent Change
1.2%
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.
Walnut Valley
Average Rent
$803/Month
Year-Over-Year Rent Change
0.9%
Units Available
82 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.
Cammack Village
Average Rent
$837/Month
Year-Over-Year Rent Change
1.2%
Units Available
17 Rentals
Cammack Village is an affordable neighborhood in Little Rock with an average rent price of $837. Compare this to the city average of $951. In the past year, rent prices have increased by 1.2%. Cammack Village provides easy access to Univ. of Ark. Medical Scis., Central Arkansas Nature Center, and Central High School National Historic Site.
65th Street West
Average Rent
$853/Month
Year-Over-Year Rent Change
3.4%
Units Available
21 Rentals
Located about 10 miles southwest of downtown Little Rock, 65th Street West offers a quiet location and a quick commute. Nearby Colonel Glenn Road provides a variety of shops and restaurants for residents, and downtown’s entertainment is minutes away.
River Mountain
Average Rent
$854/Month
Year-Over-Year Rent Change
0.1%
Units Available
61 Rentals
River Mountain is a scenic neighborhood known for its proximity to the Arkansas River and outdoor recreational activities. Renters will enjoy the beautiful views, hiking trails, and easy access to parks. The area is perfect for nature lovers seeking a suburban lifestyle with quick access to the outdoors.
Heights
Average Rent
$929/Month
Year-Over-Year Rent Change
6.1%
Units Available
22 Rentals
If you’re looking for a great, affordable neighborhood in Little Rock, Heights might be the perfect place! It has an average rent price of $929, while the city’s average stands at $951. In the last year, prices have increased by 6.1%. Heights is near Maple St & Broadway St, 5116 Kavanaugh Blvd, and Bill and Hillary Clinton Ntl/Adams Field.
Ready to make your move to Little Rock? Check out the rent specials, price drops, and great deals on ApartmentFinder.com!
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.