Cheap Homes for Rent in Downtown Riverside Neighborhood of Riverside, CA from $700 (7 Rentals)

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

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

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.

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 Studio apartment currently listed from $1,525. 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.StudioStudio,1BA$1,525
Brookside Apartments1 BD1BR,1BA$1,605

Best Value Apartments for Rent in Downtown Riverside, CA

As of December 13, 2025 the best value apartment in the Downtown Riverside area is the $2.32 price per square foot 2 Bedroom 2 Bathroom Model at Pine Village in the in the Wood Streets neighborhood starting from $2,170. The second greatest value Downtown Riverside apartment is the A2 Model at Raincross Promenade starting at $2,415 with a $2.76 price per square foot in the Eastside 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.
Pine Village2 Bedroom 2 Bathroom2BR,2BA$2.32
Raincross PromenadeA21BR,1BA$2.76
Centerpointe at MarketA11BR,1BA$2.49
Brookside Apartments1 BD1BR,1BA$2.14
Mission Lofts11C1BR,1BA$3.09
Park Village Apartment Homes- Riverside, CA2bd/1ba - Premium2BR,1BA$2.86
Garden Springs 55+ Senior Apartments1A1BR,1BA$2.57
The Woods Senior Living1BR/1.0BA1BR,1BA$2.97
Oasis Senior Villas1x1-60%1BR,1BA$1.74
4830 Palm Ave.StudioStudio ,1BA$3.05

Frequently Asked Questions about Downtown Riverside

What type of rentals are currently available in Downtown Riverside?

There are currently 161 Apartments for Rent in Downtown Riverside, CA with pricing that ranges from $883 to $4,553. There are also 22 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Riverside ranging from $700 to $10,500.

What is the current price range for Rental Homes in Downtown Riverside?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Riverside ranges from $700 to $10,500 with an average monthly rent of $3,236.

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 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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.