25 Cheap Apartments for rent in Riverside, CA

Last updated September 26 at 10:13AM
4175 University Avenue
Downtown Riverside
Riverside, CA
Updated September 24 at 5:59PM
Studio
$1,000
4075 6th St
Downtown Riverside
Riverside, CA
Updated September 26 at 3:54AM
1 Bedroom
$800
Results within 5 miles of Riverside, CA
15384 Perris Boulevard
Moreno Valley
Moreno Valley, CA
Updated August 28 at 2:46AM
2 Bedrooms
$995
15092 Elm Ct
Moreno Valley
Moreno Valley, CA
Updated September 26 at 1:39AM
2 Bedrooms
$950
465 Cabrera Avenue
Amtrak
San Bernardino, CA
Updated September 23 at 3:22AM
4 Bedrooms
$895
Results within 10 miles of Riverside, CA
3438 Rainbow Lane
San Andreas
Highland, CA
Updated September 20 at 3:18AM
2 Bedrooms
$995
2121 Sepulveda Avenue
DMV
San Bernardino, CA
Updated September 7 at 11:13AM
1 Bedroom
$875
632 W 13th St
SBHS
San Bernardino, CA
Updated September 26 at 1:39AM
2 Bedrooms
$895
474 E Wabash St
Perris Hills
San Bernardino, CA
Updated September 26 at 10:13AM
1 Bedroom
$825
632 W 13th St
SBHS
San Bernardino, CA
Updated September 26 at 1:39AM
Studio
$625
1265 Kendall Drive
Shandin Hills
San Bernardino, CA
Updated August 28 at 2:52AM
1 Bedroom
$1,000
28325 Somers Rd
Murrieta
Murrieta, CA
Updated September 26 at 3:55AM
Studio
$80
2411 W Acacia Ave
Hemet
Hemet, CA
Updated September 26 at 1:33AM
1 Bedroom
$875
Results within 20 miles of Riverside, CA
442 Terry Ln
Hemet
Hemet, CA
Updated September 26 at 1:33AM
Studio
$650
1245 N Mt Vernon Ave
Colton
Colton, CA
Updated September 26 at 1:36AM
1 Bedroom
$1,000
25666 6th St
Curtis
San Bernardino, CA
Updated September 26 at 1:33AM
1 Bedroom
$750
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Rent Report
Riverside

September 2017 Riverside Rent Report

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

Riverside rents declined moderately over the past month

Riverside rents have declined 0.3% over the past month, but are up moderately by 3.7% in comparison to the same time last year. Currently, median rents in Riverside stand at $1,020 for a one-bedroom apartment and $1,280 for a two-bedroom. Riverside's year-over-year rent growth lags the state average of 4.5%, but exceeds 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 Riverside, 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 increased 0.1% over the past month and 6.8% over the past year.

Riverside rents more affordable than many large cities nationwide

As rents have increased in Riverside, a few large cities nationwide have seen also rents grow more modestly. Riverside is still more affordable than most large cities across the country.

  • 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.
  • Riverside's median two-bedroom rent of $1,280 is above the national average of $1,160. Nationwide, rents have grown by 3.0% over the past year compared to the 3.7% rise in Riverside.
  • While Riverside'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 find more reasonable prices in Riverside than most large cities. For example, San Jose has a median 2BR rent of $2,580, which is more than twice the price in Riverside.

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.