52 Cheap Apartments for rent in Moreno Valley, CA

Last updated November 18 at 8:40pm UTC
Results within 5 miles of Moreno Valley, CA
1621 Bellevue Road
South Redlands
Redlands, CA
Updated November 15 at 10:14am UTC
1 Bedroom
$900
1054 Orange St
Northside
Riverside, CA
Updated November 17 at 6:07pm UTC
1 Bedroom
$1,095
800 E Washington St
Cooley Ranch
Colton, CA
Updated October 3 at 10:29am UTC
1 Bedroom
$990
342 Wilkerson Ave
Downtown Perris
Perris, CA
Updated November 18 at 1:59am UTC
2 Bedrooms
$1,095
Results within 10 miles of Moreno Valley, CA
3438 Rainbow Lane
San Andreas
Highland, CA
Updated November 18 at 10:01am UTC
2 Bedrooms
$998
172 E 2ND Street
Heritage
San Jacinto, CA
Updated November 15 at 10:17am UTC
1 Bedroom
$850
35070 Acacia Ave
Central Yucaipa
Yucaipa, CA
Updated November 16 at 12:06pm UTC
1 Bedroom
$850
1201 Tribune St
North Redlands
Redlands, CA
Updated November 18 at 11:29am UTC
1 Bedroom
$900
4120 Mountain Dr.
Arrowhead Farms
San Bernardino, CA
Updated October 24 at 6:27pm UTC
1 Bedroom
$795
632 W 13th St
SBHS
San Bernardino, CA
Updated November 16 at 12:39pm UTC
Studio
$625
4120 Mountain Dr
Arrowhead Farms
San Bernardino, CA
Updated October 21 at 10:00am UTC
2 Bedrooms
$995
12227 11th St
Dunlap Acres
Yucaipa, CA
Updated November 16 at 12:19pm UTC
1 Bedroom
$950
364 W 3rd Street
Heritage
San Jacinto, CA
Updated October 31 at 10:30am UTC
3 Bedrooms
$1,025
632 W 13th St
SBHS
San Bernardino, CA
Updated November 16 at 2:08am UTC
1 Bedroom
$725
7524 McKinley Street
Lankershim
San Bernardino, CA
Updated October 28 at 11:14am UTC
1 Bedroom
$750
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November 2017 Moreno Valley Rent Report

Welcome to the November 2017 Moreno Valley Rent Report. 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 Moreno Valley Rent Report
Rent Report
Moreno Valley

November 2017 Moreno Valley Rent Report

Welcome to the November 2017 Moreno Valley Rent Report. 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 increase sharply over the past month

Moreno Valley rents have increased 1.0% over the past month, and have increased sharply by 6.8% in comparison to the same time last year. Currently, median rents in Moreno Valley stand at $1,350 for a one-bedroom apartment and $1,690 for a two-bedroom. This is the second straight month that the city has seen rent increases after a decline in August. Moreno Valley's year-over-year rent growth leads the state average of 4.3%, as well as the national average of 2.7%.

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.

  • Moreno Valley has seen the fastest rent growth in the metro, with a year-over-year increase of 6.8%. The median two-bedroom there costs $1,690, while one-bedrooms go for $1,350.
  • Over the past month, Ontario has seen the biggest rent drop in the metro, with a decline of 0.7%. Median two-bedrooms there cost $1,450, while one-bedrooms go for $1,160.
  • San Bernardino has the least expensive rents in the Riverside metro, with a two-bedroom median of $1,040; rents grew 0.7% over the past month and 3.9% over the past year.
  • Corona has the most expensive rents of the largest cities in the Riverside metro, with a two-bedroom median of $2,140; rents increased 0.6% over the past month and 6.2% over the past year.

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

As rents have increased sharply in Moreno Valley, a few large cities nationwide have seen rents grow more modestly, or in some cases, even decline. Compared to most large cities across the country, Moreno Valley is less affordable for renters.

  • Rents increased significantly in other cities across the state, with California as a whole logging rent growth of 4.3% over the past year. For example, rents have grown by 4.0% in San Diego, 3.9% in Los Angeles, and 3.0% in San Jose.
  • Moreno Valley's median two-bedroom rent of $1,690 is above the national average of $1,160. Nationwide, rents have grown by 2.7% over the past year compared to the 6.8% increase in Moreno Valley.
  • While Moreno Valley's rents rose sharply over the past year, the city of Portland saw a decrease of 0.4%.
  • 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 $1,030 $1,290 0.6% 4.4%
San Bernardino $830 $1,040 0.7% 3.9%
Fontana $1,040 $1,300 2.0% 3.6%
Moreno Valley $1,350 $1,690 1.0% 6.8%
Rancho Cucamonga $1,350 $1,690 0.0% 4.8%
Ontario $1,160 $1,450 -0.7% 5.4%
Corona $1,710 $2,140 0.6% 6.2%
Murrieta $1,390 $1,730 -0.2% 5.5%
Indio $960 $1,210 0.8% 3.5%
Chino Hills $1,520 $1,930 -0.6% 4.8%
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.