Cheap Apartments for Rent in Riverside, CA from $300 (30 Rentals)

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Mount Rubidoux Manor
Studio to 1 Bedroom Apartments

Mount Rubidoux Manor

3993 10th StRiverside, CA 92501
Senior Living
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3851 Cedar Ave
Studio Apartments

3851 Cedar Ave

3851 Cedar AveRiverside, CA 92501
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1881 Loma Vista St
Studio to 3 Bedroom Apartments

1881 Loma Vista St

1881 Loma Vista StRiverside, CA 92507
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Annex on Chicago
1 to 2 Bedroom Apartments

Annex on Chicago

3603-3623 Chicago AveRiverside, CA 92507
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Olivewood Apartments
2 to 3 Bedroom Apartments

Olivewood Apartments

5530 Olivewood AveRiverside, CA 92506
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Magnolia Arms
1 to 2 Bedroom Apartments

Magnolia Arms

7469 Magnolia AveRiverside, CA 92504
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Las Palmas Apartments
1 Bedroom Apartments

Las Palmas Apartments

2052 W Linden StRiverside, CA 92507
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The Regent
1 to 2 Bedroom Apartments

The Regent

3553 Chicago AveRiverside, CA 92507
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Vernon Apartments
1 Bedroom Apartments

Vernon Apartments

7450 Mount Vernon StRiverside, CA 92504
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Linden Manor
1 to 3 Bedroom Apartments

Linden Manor

1245 W Linden StRiverside, CA 92507
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4314 University Ave
2 Bedroom Apartments

4314 University Ave

4314 University AveRiverside, CA 92501
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Ranch Apartments
1 to 2 Bedroom Apartments

Ranch Apartments

3485 Jefferson StRiverside, CA 92504
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Mission Palms Apartments
1 to 2 Bedroom Apartments

Mission Palms Apartments

5875 Mission BlvdJurupa Valley, CA 92509
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Rancho Dorado South
2 to 3 Bedroom Apartments

Rancho Dorado South

25105 John F Kennedy DrMoreno Valley, CA 92551
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Blue Mountain Senior Villas
1 to 2 Bedroom Apartments

Blue Mountain Senior Villas

22627 Grand Terrace RdGrand Terrace, CA 92313
Senior Living
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Las Terrazas
1 to 3 Bedroom Apartments

Las Terrazas

1176 W Valley BlvdColton, CA 92324
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Heritage Park Senior 55+
1 to 2 Bedroom Apartments

Heritage Park Senior 55+

303 W Merrill AveRialto, CA 92376
Senior Living
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CORONA DE ORO
2 to 3 Bedroom Apartments

CORONA DE ORO

680 W 2nd StCorona, CA 92882
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Rubidoux Villas
1 Bedroom Apartments

Rubidoux Villas

3183 Rubidoux BlvdJurupa Valley, CA 92509
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River Run
1 Bedroom Apartments

River Run

863 River RdCorona, CA 92878
Senior Living
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Riverside, CA Local Guide

Photo of Justin Habersaat - Editing Staff
Written By:
Justin Habersaat
Editing Staff

Cheapest Neighborhoods for Apartments in Riverside, CA

Pricing Updated: 04/16/2025

Current apartment rentals in the Riverside, CA area range in price from $465 to $13,553 with an overall median price of $3,251. The three Riverside neighborhoods with the lowest median rent pricing are Rana at $1,495, Outer San Bernadino at $1,195, and Downtown Corona at $1,700. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Riverside Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Rana$1,495$1,4951
Outer San Bernadino$1,595$1,19510
Downtown Corona$1,700$1,7001
Pacific$1,700$1,7001
Ward 2$1,700$1,19016
Sunnyslope$1,795$1,1504
High School$1,900$1,2953
The Boulders$1,950$1,3752
Downtown San Bernardino$2,000$1,2954
Feldheym$2,000$1,2955

Cheapest Available Riverside Apartments for Rent

 

The cheapest available apartment rental in Riverside, CA is a 3 Beds unit found at University Riverside Gardens in the University neighborhood priced from $465. Highlander at North Campus Student Housing in the University neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $779. Here is today’s list of the most affordable Riverside apartments for rent:

Apartment ListingModel NameBed/BathPriced From
University Riverside GardensPRE LEASE FOR FALL 2025 - 1/2 OFF FIRST MONTH ...3BR,2BA$465
Highlander at North Campus Student Housing2x22BR,2BA$779
Oasis Senior Villas2x1-50%2BR,1BA$883
Annex on Chicago1 Bed 1 Bath for Lease ONLY $1800 - Available SOON1BR,1BA$928
Waterman Apartmentswa-1x11BR,1BA$1,060
Garden Estate ApartmentsstudioStudio,1BA$1,150
Country Village ApartmentsShadow CreekStudio,1BA$1,320
Las Brisas ApartmentsStudioStudio,1BA$1,324
Victoria SpringsWaitlist - 1 or 2 - bedroom1BR,1BA$1,350
Senior Apartments 62+ Catalina GardensThe Capri1BR,1BA$1,450

Best Value Apartments for Rent in Riverside, CA

As of April 16, 2025 the best value apartment in the Riverside area is the $2.00 price per square foot 2x2 Model at Grand Terrace in the in the Reche Canyon neighborhood starting from $2,395. The second greatest value Riverside apartment is the (4112) 2bd/1ba - Deluxe Model at Melrose Place Apartments starting at $2,050 with a $1.86 price per square foot in the Ramona neighborhood. Here is today’s list of the best values for Riverside apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Grand Terrace2x22BR,2BA$2.00
Melrose Place Apartments(4112) 2bd/1ba - Deluxe2BR,1BA$1.86
10918 Rincon St, Unit 1091410918 Rincon St2BR,1BA$1.95
University Village Towers3 Bed 3 Bath3BR,3BA$1.29
3063 Elgin Dr, Unit C3063 Elgin Dr2BR,1.5BA$1.82
Highlander at North Campus Student Housing2x2 Premium2BR,2BA$1.38
Annex on Chicago1 Bed 1 Bath for Lease ONLY $1800 - Available SOON1BR,1BA$1.16
Victoria SpringsWaitlist - 1 or 2 - bedroom1BR,1BA$1.80
Waterman Apartmentswa-1x11BR,1BA$1.57
Oasis Senior Villas1x1-60%1BR,1BA$1.74

Quick Rent Budget Calculator

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Riverside Overview

Located a mere 60 miles from the mecca that is Los Angeles and known affectionately as the Inland Empire, Riverside is a diverse and exciting California locale brimming with opportunity. Known as the birthplace of the citrus industry, this sunny hot spot is flush with a growing economy and an ever-expanding residential base.

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Riverside, CA Rentals by Map

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Why live in Riverside, CA?

From world glass shopping at the Galleria Tyler Mall to a a short commute to the job market of Hollywood, Riverside apartments have much to offer. Pleasant weather combined with the scenic beauty of those oh-so-famous orange trees yield a truly one-of-a-kind California destination, making Riverside ideal for families, working young professionals and college students alike.

Riverside, CA
Population: 330,063

Ranked #58

in US Census Population by City

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Pet Friendly Lifestyle
Riverside, CA

Ranked #36

Among cities in California for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Getting Around Riverside, CA

Walk Score®

54 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

53 / 100

Bikeable

Some bike infrastructure

Transit Score®

29 / 100

Some Transit

A few nearby public transportation options

Riverside, CA Area Reviews

  • Cost of Living

Frequently Asked Questions about Cheap Riverside Apartments

What is a cheap apartment in Riverside?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Riverside is under $1,450.

What is the price of a cheap apartment in Riverside?

The cheapest apartment in Riverside is Oasis Senior Villas which is listed at $915, while the average apartment in Riverside costs $3,251.

What types of apartments are the cheapest in Riverside?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 2,971 regular apartments in Riverside that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Riverside?

Cheap apartments in Riverside have an average cost of $594 which is $2,657 cheaper than the average rent for all rentals in Riverside.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Know Your Rights - How Discrimination Laws Impact Landlords & Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.