Cheap Apartments for Rent in the Downtown Riverside Neighborhood of Riverside, CA from $700 (29 Rentals)

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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property at 3036 Lemon St

$1,950

Total Monthly Price

Total Monthly Price

Base Rent
$1,950
Total Monthly Price
$1,950

1 Bedroom, 1 Bath Home for Rent

Available Now

3036 Lemon St

RiversideCA92501
property at 2726 5th St

$1,500 - $2,000

1 Bedroom Rentals

Available Now

2726 5th St

RiversideCA92507

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

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Mount Rubidoux Manor
Studio to 1 Bedroom Apartments

Mount Rubidoux Manor

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

3851 Cedar Ave

3851 Cedar AveRiverside, CA 92501
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4314 University Ave
2 Bedroom Apartments

4314 University Ave

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

Breezewood Apartments

3893 Kirkwood AveRiverside, CA 92501
  • Utilities Included

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Logan Pointe Apartments
1 to 3 Bedroom Apartments

Logan Pointe Apartments

5005 Tequesquite AveRiverside, CA 92501
  • Utilities Included
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Orange
Studio to 1 Bedroom Apartments

Orange

4566 Orange StRiverside, CA 92501
  • Utilities Included
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Bahama Palms
1 to 2 Bedroom Apartments

Bahama Palms

3643 Brockton AveRiverside, CA 92501
  • Utilities Included

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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Showing Results 1-29, Page 1 of 1

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
Bahama Palms1 BED 1 BATH APARTMENT1BR,1BA$1,795
Mission LoftsS1AStudio,1BA$1,925
The Woods Senior Living1BR/1.0BA1BR,1BA$1,950
Villas at Columbia1BD Loft / 1.5BA1BR,1BA$1,950
Garden Springs 55+ Senior Apartments2A2BR,1BA$1,995
Centerpointe at MarketA31BR,1BA$2,155
Pine Village2 Bedroom 2 Bathroom2BR,2BA$2,170

Best Value Apartments for Rent in Downtown Riverside, CA

As of May 15, 2026 the best value apartment in the Downtown Riverside area is the $2.96 price per square foot C1 Model at MARK Riverside in the in the Eastside neighborhood starting from $3,980. The second greatest value Downtown Riverside apartment is the 2 Bedroom 2 Bathroom Model at Pine Village starting at $2,170 with a $2.32 price per square foot in the Wood Streets 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.
MARK RiversideC13BR,2BA$2.96
Pine Village2 Bedroom 2 Bathroom2BR,2BA$2.32
Garden Springs 55+ Senior Apartments2A2BR,1BA$2.22
Raincross PromenadeA21BR,1BA$2.62
Centerpointe at MarketA31BR,1BA$2.82
Villas at Columbia1BD Loft / 1.5BA1BR,1.5BA$2.57
Bahama Palms1 BED 1 BATH APARTMENT1BR,1BA$2.76
4830 Palm Ave.1x11BR,1BA$2.66
The Woods Senior Living1BR/1.0BA1BR,1BA$3.17
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 $2,170.

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 $3,687.

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 $484 which is $3,203 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 The Ultimate Locals Guide to Living in Riverside, CA article

The Ultimate Locals Guide to Living in Riverside, CA

Written by: Thomas Conroy

Riverside is a diverse Southern California city that is considered the centerpiece of Riverside County. It is located approximately 60 miles east of Los Angeles, and is the largest city of the Inland Empire.

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.