38 Cheap Apartments for rent in Riverside, CA

Last updated November 21 at 8:20pm UTC
3571 Madison St
Magnolia Center
Riverside, CA
Updated November 21 at 11:57am UTC
1 Bedroom
$995
4374 Ramona Drive
Wood Streets
Riverside, CA
Updated November 21 at 11:58am UTC
3 Bedrooms
$1,000
Results within 5 miles of Riverside, CA
800 E Washington St
Cooley Ranch
Colton, CA
Updated October 3 at 10:29am UTC
1 Bedroom
$990
1245 N Mt Vernon Ave
Colton
Colton, CA
Updated November 3 at 7:01pm UTC
1 Bedroom
$1,000
Results within 10 miles of Riverside, CA
940 N Mayfield Avenue
Downtown San Bernardino
San Bernardino, CA
Updated November 19 at 9:58am UTC
1 Bedroom
$830
474 E Wabash St
Perris Hills
San Bernardino, CA
Updated November 21 at 6:11pm UTC
1 Bedroom
$825
1621 Bellevue Road
South Redlands
Redlands, CA
Updated November 15 at 10:14am UTC
1 Bedroom
$900
4120 Mountain Dr
Arrowhead Farms
San Bernardino, CA
Updated October 21 at 10:00am UTC
2 Bedrooms
$995
632 W 13th St
SBHS
San Bernardino, CA
Updated November 16 at 12:39pm UTC
Studio
$625
3438 Rainbow Lane
San Andreas
Highland, CA
Updated November 18 at 10:01am UTC
2 Bedrooms
$998
25106 Pacific Crest Street
Sycamore Creek
Corona, CA
Updated October 24 at 12:37pm UTC
5 Bedrooms
$500
1265 Kendall Drive
Shandin Hills
San Bernardino, CA
Updated November 18 at 1:42am UTC
1 Bedroom
$950
31200 Water Avenue
Nuevo
Nuevo, CA
Updated November 21 at 11:58am UTC
5 Bedrooms
$700
3485 Rainbow Lane
San Andreas
Highland, CA
Updated October 25 at 9:29am UTC
2 Bedrooms
$950
7524 McKinley Street
Lankershim
San Bernardino, CA
Updated October 28 at 11:14am UTC
1 Bedroom
$750
25666 6th St
Curtis
San Bernardino, CA
Updated November 19 at 5:41pm UTC
1 Bedroom
$750
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November 2017 Riverside Rent Report

Welcome to the November 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.

View full Riverside Rent Report
Rent Report
Riverside

November 2017 Riverside Rent Report

Welcome to the November 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 increase sharply over the past month

Riverside rents have increased 0.6% over the past month, and are up significantly by 4.4% in comparison to the same time last year. Currently, median rents in Riverside stand at $1,030 for a one-bedroom apartment and $1,290 for a two-bedroom. This is the second straight month that the city has seen rent increases after a decline in August. Riverside'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 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.

  • 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 increased 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 grew 0.6% over the past month and 6.2% over the past year.

Riverside rents more affordable than many large cities nationwide

As rents have increased significantly in Riverside, a few large cities nationwide have seen rents grow more modestly, or in some cases, even decline. Riverside is still more affordable than most large cities across the country.

  • 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.
  • Riverside's median two-bedroom rent of $1,290 is above the national average of $1,160. Nationwide, rents have grown by 2.7% over the past year compared to the 4.4% rise in Riverside.
  • While Riverside's rents rose significantly over the past year, the city of Portland saw a decrease of 0.4%.
  • Renters will find more reasonable prices in Riverside than most large cities. For example, San Jose has a median 2BR rent of $2,570, which is nearly 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 $1,030 $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.