43 Cheap Apartments for rent in Moreno Valley, CA

Last updated September 25 at 7:23AM
15092 Elm Ct
Moreno Valley
Moreno Valley, CA
Updated September 24 at 9:40AM
2 Bedrooms
$950
15384 Perris Boulevard
Moreno Valley
Moreno Valley, CA
Updated August 28 at 2:46AM
2 Bedrooms
$995
Results within 5 miles of Moreno Valley, CA
4075 6th St
Downtown Riverside
Riverside, CA
Updated September 23 at 11:14AM
1 Bedroom
$800
1054 Orange St
Northside
Riverside, CA
Updated September 24 at 9:56AM
1 Bedroom
$1,095
21611 Bailly St.
Resthaven Acres
Perris, CA
Updated September 19 at 9:32AM
1 Bedroom
$900
4175 University Avenue
Downtown Riverside
Riverside, CA
Updated September 24 at 5:59PM
Studio
$1,000
Results within 10 miles of Moreno Valley, CA
1265 Kendall Drive
Shandin Hills
San Bernardino, CA
Updated August 28 at 2:52AM
1 Bedroom
$1,000
632 W 13th St
SBHS
San Bernardino, CA
Updated September 24 at 9:40AM
2 Bedrooms
$895
632 W 13th St
SBHS
San Bernardino, CA
Updated September 25 at 1:34AM
Studio
$625
275 West Rialto Ave.,204
Downtown Rialto
Rialto, CA
Updated September 21 at 12:50PM
1 Bedroom
$1,075
1735 E Washington Street
Colton
Colton, CA
Updated September 24 at 10:38AM
1 Bedroom
$1,100
425 Potrero Street
De Anza
San Jacinto, CA
Updated September 20 at 10:39AM
3 Bedrooms
$925
465 Cabrera Avenue
Amtrak
San Bernardino, CA
Updated September 23 at 3:22AM
4 Bedrooms
$895
1245 N Mt Vernon Ave
Colton
Colton, CA
Updated September 24 at 9:41AM
1 Bedroom
$1,000
N 4th St
Colton
Colton, CA
Updated September 25 at 7:23AM
2 Bedrooms
$1,095
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Rent Report
Moreno Valley

September 2017 Moreno Valley Rent Report

Welcome to the September 2017 Moreno Valley Rent Report. Moreno Valley rents declined over the past month. In this report, we'll evaluate trends in the Moreno Valley rental market, including comparisons to cities throughout the metro, state, and nation.

Moreno Valley rents declined over the past month

Moreno Valley rents have declined 0.2% over the past month, but are up significantly by 5.9% in comparison to the same time last year. Currently, median rents in Moreno Valley stand at $1,340 for a one-bedroom apartment and $1,670 for a two-bedroom. Moreno Valley'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 Moreno Valley, 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.
  • 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.
  • San Bernardino has the least expensive rents in the Riverside metro, with a two-bedroom median of $1,030; rents increased 0.6% over the past month and 4.0% over the past year.

Many large cities nationwide show more affordable rents compared to Moreno Valley

As rents have increased in Moreno Valley, a few large cities nationwide have seen also rents grow more modestly. Compared to most large cities across the country, Moreno Valley 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.
  • Moreno Valley's median two-bedroom rent of $1,670 is above the national average of $1,160. Nationwide, rents have grown by 3.0% over the past year compared to the 5.9% rise in Moreno Valley.
  • While Moreno Valley'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 Moreno Valley than most large cities. For example, Phoenix has a median 2BR rent of $1,020, where Moreno Valley is more than one-and-a-half times 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%
See more

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.