Cheap Homes for Rent in Downtown Riverside Neighborhood of Riverside, CA from $1,000 (5 Rentals)

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

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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. The Woods Senior Living has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,825. 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
The Woods Senior Living1BR/1.0BA1BR,1BA$1,825
Garden Springs 55+ Senior Apartments2A2BR,1BA$1,995

Best Value Apartments for Rent in Downtown Riverside, CA

As of January 29, 2026 the best value apartment in the Downtown Riverside area is the $1.93 price per square foot 2 Bed 2 Bath Model at 4830 Palm Ave. in the in the Wood Streets neighborhood starting from $1,995. The second greatest value Downtown Riverside apartment is the 2BD Loft/ 2.0BA Model at Villas at Columbia starting at $2,355 with a $2.28 price per square foot in the University 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.
4830 Palm Ave.2 Bed 2 Bath2BR,2BA$1.93
Villas at Columbia2BD Loft/ 2.0BA2BR,2BA$2.28
Pine Village2 Bedroom 2 Bathroom2BR,2BA$2.32
Garden Springs 55+ Senior Apartments2A2BR,1BA$2.22
Centerpointe at MarketA31BR,1BA$2.82
4156 11th St, Unit 41564156 11th St2BR,2BA$2.93
Mission Lofts11C1BR,1BA$3.09
Park Village Apartment Homes- Riverside, CA2bd/1ba - Premium2BR,1BA$2.86
The Woods Senior Living1BR/1.0BA1BR,1BA$2.97
Oasis Senior Villas1x1-60%1BR,1BA$1.74

Frequently Asked Questions about Downtown Riverside

What type of rentals are currently available in Downtown Riverside?

There are currently 163 Apartments for Rent in Downtown Riverside, CA with pricing that ranges from $883 to $4,625. There are also 16 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Riverside ranging from $1,000 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 $1,000 to $10,500 with an average monthly rent of $3,515.

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 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.

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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.

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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.