Cheap Apartments for Rent in the Downtown Riverside Neighborhood of Riverside, CA from $700 (8 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in the Downtown Riverside area of Riverside.

close
View Me
Mount Rubidoux Manor
Studio to 1 Bedroom Apartments

Mount Rubidoux Manor

3993 10th StRiverside, CA 92501
Senior Living
  • Utilities Included
close
View Me
3851 Cedar Ave
Studio to 2 Bedroom Apartments

3851 Cedar Ave

3851 Cedar AveRiverside, CA 92501

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

close
View Me
4314 University Ave
2 Bedroom Apartments

4314 University Ave

4314 University AveRiverside, CA 92501
  • Utilities Included
close
View Me
Breezewood Apartments
2 Bedroom Apartments

Breezewood Apartments

3893 Kirkwood AveRiverside, CA 92501
  • Utilities Included
close
View Me
Logan Pointe Apartments
1 to 3 Bedroom Apartments

Logan Pointe Apartments

5005 Tequesquite AveRiverside, CA 92501
  • Utilities Included

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

Cheapest Available Downtown Riverside Apartments for Rent

 

The cheapest available apartment rental in the Downtown Riverside area of Riverside, CA is a 2 Beds unit found at Oasis Senior Villas priced from $883. 4830 Palm Ave. has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,650. Here are the most affordable Downtown Riverside apartments for rent in Riverside, CA:

Apartment ListingModel NameBed/BathPriced From
Oasis Senior Villas2x1-50%2BR,1BA$883
4830 Palm Ave.1x11BR,1BA$1,650
Garden Springs 55+ Senior Apartments1A1BR,1BA$1,695

Best Value Apartments for Rent in Downtown Riverside, CA

As of March 31, 2026 the best value apartment in the Downtown Riverside area is the $2.33 price per square foot 2 Bedroom 3 Model at Main+Nine in the in the Eastside neighborhood starting from $3,100. The second greatest value Downtown Riverside apartment is the 4435 12th St Model at 4435 12th St, Unit home starting at $2,500 with a $2.27 price per square foot in the Grand neighborhood. Here is today’s list of the best values for Downtown Riverside apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Main+Nine2 Bedroom 32BR,2BA$2.33
4435 12th St, Unit home4435 12th St2BR,1BA$2.27
5286 Odell St, Unit C5286 Odell St2BR,1BA$2.40
Villas at Columbia2BD/ 2.0BA2BR,2BA$2.35
Raincross PromenadeA21BR,1BA$2.76
The Woods Senior Living2BR/1.0BA2BR,1BA$2.81
Pine Village1 Bedroom 1 Bathroom1BR,1BA$2.55
Garden Springs 55+ Senior Apartments1A1BR,1BA$2.55
4830 Palm Ave.1x11BR,1BA$2.66
Oasis Senior Villas1x1-60%1BR,1BA$1.74

Frequently Asked Questions about Cheap Downtown Riverside Apartments

What is a cheap apartment in Downtown Riverside?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Riverside is under $2,399.

What is the price of a cheap apartment in Downtown Riverside?

The cheapest apartment in Downtown Riverside is Oasis Senior Villas which is listed at $915, while the average apartment in Downtown Riverside costs $3,675.

What types of apartments are the cheapest in Downtown Riverside?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 9 regular apartments in Downtown Riverside that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Downtown Riverside?

Cheap apartments in Downtown Riverside have an average cost of $642 which is $3,033 cheaper than the average rent for all rentals in Downtown Riverside.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.