
Cheap Apartments for Rent in the Downtown Riverside Neighborhood of Riverside, CA from $700 (8 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Riverside area of Riverside.


3472 Brockton Ave

Mount Rubidoux Manor

3851 Cedar Ave
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4314 University Ave

Breezewood Apartments

Raincross Apartments

Logan Pointe Apartments
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Downtown Riverside, Riverside, CA Local Guide

How much does it cost to rent an apartment in Downtown Riverside?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Riverside Studio Apartments | $1,995 | $1,375 | $2,259 |
| Downtown Riverside 1 Bedroom Apartments | $2,337 | $915 | $3,631 |
| Downtown Riverside 2 Bedroom Apartments | $2,983 | $883 | $4,728 |
| Downtown Riverside 3 Bedroom Apartments | $3,383 | $1,995 | $3,980 |
Browse Apartments in this Neighborhood
There are currently 8 rentals with your search options within a 2 mile radius of the Downtown Riverside Neighborhood of Riverside, CA.
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Oasis Senior Villas | 2x1-50% | 2BR,1BA | $883 |
| 4830 Palm Ave. | 1x1 | 1BR,1BA | $1,650 |
| Garden Springs 55+ Senior Apartments | 1A | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Main+Nine | 2 Bedroom 3 | 2BR,2BA | $2.33 |
| 4435 12th St, Unit home | 4435 12th St | 2BR,1BA | $2.27 |
| 5286 Odell St, Unit C | 5286 Odell St | 2BR,1BA | $2.40 |
| Villas at Columbia | 2BD/ 2.0BA | 2BR,2BA | $2.35 |
| Raincross Promenade | A2 | 1BR,1BA | $2.76 |
| The Woods Senior Living | 2BR/1.0BA | 2BR,1BA | $2.81 |
| Pine Village | 1 Bedroom 1 Bathroom | 1BR,1BA | $2.55 |
| Garden Springs 55+ Senior Apartments | 1A | 1BR,1BA | $2.55 |
| 4830 Palm Ave. | 1x1 | 1BR,1BA | $2.66 |
| Oasis Senior Villas | 1x1-60% | 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

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.

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.

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.

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.