/
/
/
cheap apartments
Last updated June 3 2020 at 12:35 AM

3 Cheap Apartments for rent in Moreno Valley, CA

Verified
Last updated June 3 at 12:24am
2 Units Available
Las Brisas
2001 N Rancho Ave, Colton, CA
Studio
$1,137
500 sqft
1 Bedroom
Ask
Pet-friendly apartments with easy access to Rancho Avenue bus line and I-215. Community amenities include on-site management, laundry facility, parking and courtyard with BBQ grill. Apartments features central air conditioning and range/oven.
Last updated June 2 at 09:38am
Downtown Riverside
1 Unit Available
4024 5th St 3W
4024 5th Street, Riverside, CA
1 Bedroom
$1,084
800 sqft
Triplex - Victorian Classical Revival architecture - Property Id: 95981 This Triplex features Victorian Classical Revival architecture on the exterior and throughout the unit.
Last updated June 2 at 06:11pm
Perris Hills
1 Unit Available
474 E Wabash Street - 61
474 East Wabash Street, San Bernardino, CA
1 Bedroom
$995
570 sqft
Find studio, 1, 2 and 3 bedroom apartments for rent at 474 E Wabash Street - 61 in San Bernardino. View photos, descriptions and more!

June 2020 Moreno Valley Rent Report

Welcome to the June 2020 Moreno Valley Rent Report. Moreno Valley rents remained steady 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.

View full Rent Report

June 2020 Moreno Valley Rent Report

Welcome to the June 2020 Moreno Valley Rent Report. Moreno Valley rents remained steady 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 rent trends were flat over the past month

Moreno Valley rents have remained steady over the past month, but have decreased moderately by 0.7% year-over-year. Currently, median rents in Moreno Valley stand at $1,379 for a one-bedroom apartment and $1,725 for a two-bedroom. Moreno Valley's year-over-year rent growth lags the state average of 0.7%, as well as the national average of 0.8%.

    Rents rising across the Riverside Metro

    While rent prices have decreased in Moreno Valley over the past year, the rest of the metro is seeing the opposite trend. Rents have risen in 9 of the largest 10 cities in the Riverside metro for which we have data. Here's a look at how rents compare across some of the largest cities in the metro.

    • Victorville has seen the fastest rent growth in the metro, with a year-over-year increase of 2.9%. The median two-bedroom there costs $1,430, while one-bedrooms go for $1,143.
    • Over the past year, Moreno Valley is the only city in the metro that has seen rents fall, with a decline of 0.7%. Median two-bedrooms there cost $1,725, while one-bedrooms go for $1,379.
    • Corona has the most expensive rents of the largest cities in the Riverside metro, with a two-bedroom median of $2,267; rents decreased 0.1% over the past month but were up 1.4% over the past year.
    • San Bernardino has the least expensive rents in the Riverside metro, with a two-bedroom median of $1,070; rents were up 0.1% over the past month and 0.5% over the past year.

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

    As rents have fallen moderately in Moreno Valley, many large cities nationwide have seen prices increase, in some cases substantially. Compared to most large cities across the country, Moreno Valley is less affordable for renters.

    • Other cities across the state have seen rents slightly increase, with California as a whole logging rent growth of 0.7% over the past year. For example, rents have grown by 0.8% in San Diego and 0.2% in San Jose.
    • Moreno Valley's median two-bedroom rent of $1,725 is above the national average of $1,194. Nationwide, rents have grown by 0.8% over the past year compared to the 0.7% decline in Moreno Valley.
    • While rents in Moreno Valley fell moderately over the past year, many cities nationwide saw increases, including Phoenix (+2.3%), Las Vegas (+1.3%), and Austin (+1.3%).
    • Renters will generally find more expensive prices in Moreno Valley than most large cities. For example, Jacksonville has a median 2BR rent of $1,096, 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 Rent
    Median 2BR Rent
    M/M Rent Growth
    Y/Y Rent Growth
    Riverside
    $1,080
    $1,350
    0
    1.5%
    San Bernardino
    $860
    $1,070
    0.1%
    0.5%
    Fontana
    $1,070
    $1,330
    0.1%
    1.3%
    Moreno Valley
    $1,380
    $1,730
    0
    -0.7%
    Rancho Cucamonga
    $1,440
    $1,800
    -0.6%
    0.4%
    Ontario
    $1,210
    $1,520
    0
    1.1%
    Corona
    $1,810
    $2,270
    -0.1%
    1.4%
    Victorville
    $1,140
    $1,430
    0.2%
    2.9%
    Murrieta
    $1,440
    $1,800
    0.1%
    1.8%
    Temecula
    $1,480
    $1,870
    -0.5%
    0.2%
    Hesperia
    $1,030
    $1,290
    0.1%
    1.8%
    Hemet
    $1,020
    $1,270
    0.3%
    3%
    Chino
    $1,260
    $1,600
    -0.1%
    -0.5%
    Menifee
    $1,340
    $1,670
    0
    -0.4%
    Indio
    $1,030
    $1,290
    0.1%
    6.3%
    Chino Hills
    $1,600
    $2,030
    -0.8%
    0.8%
    Upland
    $1,510
    $1,920
    -0.3%
    1.6%
    Apple Valley
    $920
    $1,160
    0
    0.9%
    Redlands
    $940
    $1,180
    -0.1%
    3.1%
    Perris
    $890
    $1,110
    0
    -0.1%
    Highland
    $820
    $1,020
    0.1%
    0.2%
    Lake Elsinore
    $1,590
    $2,010
    -0.2%
    2.9%
    Palm Desert
    $960
    $1,200
    0.1%
    -1.1%
    Palm Springs
    $940
    $1,170
    0.1%
    1.3%
    La Quinta
    $1,090
    $1,360
    0.2%
    -3.2%
    Wildomar
    $1,450
    $1,820
    0.4%
    2.1%
    Adelanto
    $1,020
    $1,280
    0
    0.2%
    Desert Hot Springs
    $890
    $1,120
    0.1%
    3.4%
    Twentynine Palms
    $670
    $830
    0.1%
    -0.7%
    Loma Linda
    $1,050
    $1,310
    -0.3%
    0.4%
    Barstow
    $760
    $950
    0.3%
    4.6%
    Yucca Valley
    $690
    $870
    0
    0.9%
    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.

    Similar Pages

    Moreno Valley 1 BedroomsMoreno Valley 2 BedroomsMoreno Valley 2 Bedrooms, 2 BathroomsMoreno Valley 3 BedroomsMoreno Valley Accessible ApartmentsMoreno Valley Apartments with Balcony

    Apartments For Rent in Nearby Cities

    Apartments Near Colleges