Most Affordable Neighborhoods in Little Rock, AR
Some of the cheapest neighborhoods in Little Rock are Upper Baseline, Cloverdale Watson, and Wakefield. These neighborhoods offer some of the lowest rent prices in Little Rock, making them ideal for renters on a budget. As of February 4, 2025, the average rent in Little Rock is $936, which is 0.1% 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.
Upper Baseline
Average Rent
$697/Month
Year-Over-Year Rent Change
3.6%
TransitScore® Rating
22/100
Units Available
50 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
$700/Month
Year-Over-Year Rent Change
1.2%
TransitScore® Rating
23/100
Units Available
43 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.
Wakefield
Average Rent
$714/Month
Year-Over-Year Rent Change
0.3%
TransitScore® Rating
21/100
Units Available
51 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.
West Markham
Average Rent
$749/Month
Year-Over-Year Rent Change
1.9%
TransitScore® Rating
27/100
Units Available
28 Rentals
As one of Little Rock’s most popular neighborhoods, West Markham provides it all: location, beauty, and tranquility. Downtown Little Rock is just 15 minutes away, and you’ll find the University of Arkansas at Little Rock roughly four miles southeast. Nearby shops and restaurants make this neighborhood convenient, as well. Residents can relax in Weedman Park or Butler Park, both located in the neighborhood, or head north to the parks that line the nearby Arkansas River and hike or bike the Arkansas River Trail.
Reservoir
Average Rent
$750/Month
Year-Over-Year Rent Change
1.7%
TransitScore® Rating
24/100
Units Available
41 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.
Walnut Valley
Average Rent
$810/Month
Year-Over-Year Rent Change
2.3%
TransitScore® Rating
23/100
Units Available
92 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.
River Mountain
Average Rent
$842/Month
Year-Over-Year Rent Change
2.2%
TransitScore® Rating
13/100
Units Available
56 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.
Otter Creek Crystal
Average Rent
$906/Month
Year-Over-Year Rent Change
4.5%
TransitScore® Rating
10/100
Units Available
48 Rentals
When you’re looking for a great Little Rock neighborhood on a budget, check out Otter Creek Crystal. The average rent is $906, compared to the city average of $936. Rent prices have increased by 4.5%. Otter Creek Crystal is convenient to West Markham St & Spring St, Bill and Hillary Clinton Ntl/Adams Field, and Stagecoach Plaza. The community is car-dependent with a WalkScore® of 35.
Briarwood
Average Rent
$965/Month
Year-Over-Year Rent Change
3.6%
TransitScore® Rating
28/100
Units Available
56 Rentals
Briarwood is a quiet, well-established neighborhood offering spacious homes and easy access to local schools and parks. Residents have fast access to a variety of shopping centers and dining options. The area is ideal for renters seeking a peaceful retreat close to the city.
Midtown Little Rock
Average Rent
$1,003/Month
Year-Over-Year Rent Change
3.9%
TransitScore® Rating
11/100
Units Available
73 Rentals
Midtown Little Rock offers a mix of residential and commercial areas, with easy access to shopping, dining, and entertainment. Renters will appreciate the central location and the variety of housing options available. The neighborhood is perfect for those seeking a lively city lifestyle with suburban conveniences.
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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.