Cheapest Neighborhoods in Little Rock, AR
Some of the cheapest neighborhoods in Little Rock are Reservoir, Wakefield, 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 June 12, 2026, the average rent in Little Rock is $949, which is 0.6% 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.
Reservoir
Average Rent
$725/Month
Year-Over-Year Rent Change
0.4%
Units Available
31 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.
Wakefield
Average Rent
$730/Month
Year-Over-Year Rent Change
2.5%
Units Available
35 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.
Oak Forest
Average Rent
$731/Month
Year-Over-Year Rent Change
1.4%
Units Available
13 Rentals
If you’re looking for a great, affordable neighborhood in Little Rock, Oak Forest might be the perfect place! It has an average rent price of $731, while the city’s average stands at $949. In the last year, prices have increased by 1.4%. Oak Forest is near Central High School National Historic Site, Central Arkansas Nature Center, and 2Nd St & Rock St.
Upper Baseline
Average Rent
$733/Month
Year-Over-Year Rent Change
0.5%
Units Available
38 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.
Cloverdale Watson
Average Rent
$743/Month
Year-Over-Year Rent Change
2.6%
Units Available
33 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
$807/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.
65th Street West
Average Rent
$851/Month
Year-Over-Year Rent Change
0.2%
Units Available
26 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
$857/Month
Year-Over-Year Rent Change
2.5%
Units Available
51 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.
Cammack Village
Average Rent
$873/Month
Year-Over-Year Rent Change
0.1%
Units Available
19 Rentals
Cammack Village is a top choice for budget-conscious renters for a variety of reasons. The average rent in Cammack Village is $873 while the city average is $949. This is a -0.1% difference from last year. Residents enjoy convenient access to Bill and Hillary Clinton Ntl/Adams Field, Univ. of Ark. Medical Scis., and UA Little Rock.
Heights
Average Rent
$940/Month
Year-Over-Year Rent Change
0.1%
Units Available
28 Rentals
When you’re looking for a great Little Rock neighborhood on a budget, check out Heights. The average rent is $940, compared to the city average of $949. Rent prices have decreased by 0.1%. Heights is convenient to 2Nd St & Center St, West Markham St & Spring St, and Heights Theatre.
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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.