35 Luxury Apartments for rent in Moreno Valley, CA

Last updated January 20 at 2:41am UTC
22394 Witchhazel Ave
Moreno Valley
Moreno Valley, CA
Updated January 18 at 8:08pm UTC
3 Bedrooms
$1,750
13065 Arbor Park Ln
Moreno Valley
Moreno Valley, CA
Updated January 3 at 3:49pm UTC
3 Bedrooms
$1,750
23850 Cockatiel Drive
Moreno Valley
Moreno Valley, CA
Updated January 18 at 2:03am UTC
5 Bedrooms
$2,300
10900 Village Road
Moreno Valley
Moreno Valley, CA
Updated January 18 at 2:03am UTC
3 Bedrooms
$1,900
25861 Coriander Ct
Moreno Valley
Moreno Valley, CA
Updated January 18 at 8:07pm UTC
3 Bedrooms
$1,650
23850 Cockatiel Dr.
Moreno Valley
Moreno Valley, CA
Updated January 13 at 11:59am UTC
5 Bedrooms
$2,300
24225 Brodiaea Avenue
Moreno Valley
Moreno Valley, CA
Updated January 18 at 11:03am UTC
4 Bedrooms
$1,550
14740 Perham Drive
Moreno Valley
Moreno Valley, CA
Updated January 3 at 11:49am UTC
3 Bedrooms
$1,650
26327 Iris Avenue Unit B
Moreno Valley
Moreno Valley, CA
Updated January 18 at 8:07pm UTC
3 Bedrooms
$1,850
10482 Sagecrest Drive
Moreno Valley
Moreno Valley, CA
Updated January 3 at 11:49am UTC
4 Bedrooms
$1,700
15619 Lasselle Ave #28
Moreno Valley
Moreno Valley, CA
Updated January 17 at 11:34am UTC
2 Bedrooms
$1,400
10725 VILLAGE RD
Moreno Valley
Moreno Valley, CA
Updated January 5 at 10:56am UTC
4 Bedrooms
$1,900
10900 Village Rd
Moreno Valley
Moreno Valley, CA
Updated January 18 at 8:08pm UTC
3 Bedrooms
$1,900
15655 Connemara Court
Moreno Valley
Moreno Valley, CA
Updated January 3 at 11:49am UTC
4 Bedrooms
$1,900
Champlain St
Moreno Valley
Moreno Valley, CA
Updated January 16 at 8:17am UTC
3 Bedrooms
$1,695
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January 2018 Moreno Valley Rent Report

Welcome to the January 2018 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.

View full Moreno Valley Rent Report
Rent Report
Moreno Valley

January 2018 Moreno Valley Rent Report

Welcome to the January 2018 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 marginally over the past month

Moreno Valley rents have declined 0.2% over the past month, but are up sharply by 6.3% in comparison to the same time last year. Currently, median rents in Moreno Valley stand at $1,360 for a one-bedroom apartment and $1,700 for a two-bedroom. Moreno Valley's year-over-year rent growth leads the state average of 4.3%, as well as the national average of 2.8%.

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.

  • Temecula has seen the fastest rent growth in the metro, with a year-over-year increase of 7.9%. The median two-bedroom there costs $1,820, while one-bedrooms go for $1,440.
  • Over the past month, Moreno Valley has seen the biggest rent drop in the metro, with a decline of 0.2%. Median two-bedrooms there cost $1,700, while one-bedrooms go for $1,360.
  • Corona has the most expensive rents of the largest cities in the Riverside metro, with a two-bedroom median of $2,140; rents grew 0.5% over the past month and 5.9% over the past year.
  • San Bernardino has the least expensive rents in the Riverside metro, with a two-bedroom median of $1,050; rents increased 0.5% over the past month and 5.0% 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 5.4% in Los Angeles, 3.3% in San Diego, and 2.7% in San Jose.
  • Moreno Valley's median two-bedroom rent of $1,700 is above the national average of $1,160. Nationwide, rents have grown by 2.8% over the past year compared to the 6.3% rise in Moreno Valley.
  • While Moreno Valley's rents rose sharply over the past year, the city of Portland saw a decrease of 1.6%.
  • 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 $1,050 $1,310 0.3% 6.3%
San Bernardino $840 $1,050 0.5% 5.0%
Fontana $1,060 $1,320 1.3% 5.3%
Moreno Valley $1,360 $1,700 -0.2% 6.3%
Rancho Cucamonga $1,370 $1,720 0.8% 5.2%
Ontario $1,170 $1,460 0.3% 5.8%
Corona $1,710 $2,140 0.5% 5.9%
Murrieta $1,380 $1,730 -0.0% 4.6%
Temecula $1,440 $1,820 7.9%
Indio $980 $1,230 0.4% 5.6%
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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.