153 Cheap Apartments for rent in Corona, CA

Last updated September 25 at 3:20PM
2160 Highpointe Drive
Corona Hills
Corona, CA
Updated September 24 at 10:55AM
1 Bedroom
$1,300
778 Gianni Drive
Corona
Corona, CA
Updated September 20 at 2:57AM
2 Bedrooms
$1,290
1599 Border Ave
Corona
Corona, CA
Updated September 25 at 9:50AM
2 Bedrooms
$1,495
Results within 1 miles of Corona, CA
Results within 5 miles of Corona, CA
3613 Nye Avenue
La Sierra
Riverside, CA
Updated September 25 at 9:32AM
2 Bedrooms
$1,418
Results within 10 miles of Corona, CA
Jurupa Rd
Sparrland
Riverside, CA
Updated September 25 at 7:23AM
2 Bedrooms
$1,475
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Rent Report
Corona

September 2017 Corona Rent Report

Welcome to the September 2017 Corona Rent Report. In this report, we'll evaluate trends in the Corona rental market, including comparisons to cities throughout the metro, state, and nation.

Corona rents increased marginally over the past month

Corona rents have increased 0.1% over the past month, and are up sharply by 6.8% in comparison to the same time last year. Currently, median rents in Corona stand at $1,700 for a one-bedroom apartment and $2,130 for a two-bedroom. The city's rents have been increasing for 14 straight months - the last time rents declined was in June of last year. Corona's year-over-year rent growth leads the state average of 4.5%, as well as the national average of 3.0%.

Rents rising across the Riverside Metro

Throughout the past year, rent increases have been occurring not just in the city of Corona, but across the entire metro. Of the largest 10 cities that we have data for in the Riverside metro, all of them have seen prices rise. Here's a look at how rents compare across some of the largest cities in the metro.

  • Ontario has seen the fastest rent growth in the metro, with a year-over-year increase of 7.0%. The median two-bedroom there costs $1,460, while one-bedrooms go for $1,170.
  • Over the past month, Indio has seen the biggest rent drop in the metro, with a decline of 0.4%. Median two-bedrooms there cost $1,200, while one-bedrooms go for $960.
  • San Bernardino has the least expensive rents in the Riverside metro, with a two-bedroom median of $1,030; rents grew 0.6% over the past month and 4.0% over the past year.
  • Corona has the most expensive rents of the largest cities in the Riverside metro, with a two-bedroom median of $2,130; rents were up 0.1% over the past month and 6.8% over the past year.

Many large cities nationwide show more affordable rents compared to Corona

As rents have increased in Corona, a few large cities nationwide have seen also rents grow more modestly. Compared to most large cities across the country, Corona is less affordable for renters.

  • Rents also increased in other cities across the state, with California as a whole logging rent growth of 4.5% over the past year. For example, rents have grown by 5.0% in Los Angeles, 4.6% in San Diego, and 2.2% in San Jose.
  • Corona's median two-bedroom rent of $2,130 is above the national average of $1,160. Nationwide, rents have grown by 3.0% over the past year compared to the 6.8% rise in Corona.
  • While Corona's rents rose over the past year, many cities nationwide also saw increases, including Seattle (+5.4%), Los Angeles (+5.0%), and Phoenix (+4.9%).
  • Renters will generally find more expensive prices in Corona than most large cities. For example, Phoenix has a median 2BR rent of $1,020, where Corona is more than twice that price.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.
City Median 1BR price Median 2BR price M/M price change Y/Y price change
Riverside $1,020 $1,280 -0.3% 3.7%
San Bernardino $830 $1,030 0.6% 4.0%
Fontana $1,020 $1,280 -0.2% 1.8%
Moreno Valley $1,340 $1,670 -0.2% 5.9%
Rancho Cucamonga $1,360 $1,700 0.5% 6.7%
Ontario $1,170 $1,460 0.1% 7.0%
Corona $1,700 $2,130 0.1% 6.8%
Murrieta $1,390 $1,740 0.6% 5.6%
Indio $960 $1,200 -0.4% 3.2%
Chino Hills $1,520 $1,930 1.3% 4.9%
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Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.