Apartments for Rent in Reservoir, Little Rock, AR

Reservoir, Little Rock apartment availability

Reservoir's rental market offers a good selection of listings, with an average of around 52 rentals available each month. The majority of these rentals are 1-bedroom and 2-bedroom apartments, making up about 44 of the available listings. Notably, nearly 63% of Reservoir apartments are pet-friendly, with some allowing small pets or having specific pet restrictions. This makes Reservoir a great option for renters with furry friends. With a range of apartment sizes and pet-friendly options, Reservoir is a neighborhood worth considering for those looking for a rental in Little Rock.

Reservoir, Little Rock rental market trends

The Reservoir neighborhood in Little Rock is experiencing a slight decline in rent prices, with the average monthly rent across all property types decreasing by 2.1% year-over-year to $843. However, not all bed types are seeing a decrease. 2-bedrooms and 3-bedrooms have seen significant increases, with average rents rising 6.7% and 13.7% respectively. In contrast, studio apartments are no longer available in the area.

For renters looking to find a deal, December is the best time to search, with average rents 6.2% lower than the peak month of April. April sees the highest demand and rent prices, making it the most competitive month. Those looking for a 1-bedroom apartment can expect to pay around $654 per month, while 2-bedrooms and 3-bedrooms average $930 and $1,589 respectively. Overall, Reservoir offers relatively affordable rent options, especially for those willing to sign a lease during the less competitive winter months.

Why Reservoir, Little Rock is a great place to live

Reservoir is a top choice for renters who prioritize pet friendliness and social living. According to 2024 data, apartments in Reservoir often feature pet-safe windows, outdoor spaces, and accommodate pets with amenities like pet waste stations and pet events. The neighborhood's walk score, restaurant options, and transit frequency also make it an ideal spot for those who value socializing and getting out and about with friends. With safety being a notable aspect of the area, renters can feel comfortable exploring the neighborhood and enjoying its many amenities. Overall, Reservoir offers a great balance of pet-friendly living and social opportunities, making it a desirable neighborhood for renters with varied interests.