Cheap Apartments for Rent in the Magnolia Center Neighborhood of Riverside, CA from $800 (6 Rentals)

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

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Olivewood Apartments
2 to 3 Bedroom Apartments

Olivewood Apartments

5530 Olivewood AveRiverside, CA 92506
  • Utilities Included
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Magnolia Arms
1 to 2 Bedroom Apartments

Magnolia Arms

7469 Magnolia AveRiverside, CA 92504
  • Utilities Included

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.

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Vernon Apartments
Studio to 2 Bedroom Apartments

Vernon Apartments

7450 Mount Vernon StRiverside, CA 92504
  • Utilities Included
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Cape Cod Apartments
Studio to 3 Bedroom Apartments

Cape Cod Apartments

5360 Olivewood AveRiverside, CA 92506
  • 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.

Magnolia Center, Riverside, CA Local Guide

Cheapest Available Magnolia Center Apartments for Rent

 

The cheapest available apartment rental in the Magnolia Center area of Riverside, CA is a 1 Bed unit found at Jurupa Royale priced from $1,495. Quail Creek Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,645. Here are the most affordable Magnolia Center apartments for rent in Riverside, CA:

Apartment ListingModel NameBed/BathPriced From
Jurupa Royale1x11BR,1BA$1,495
Quail Creek ApartmentsStudioStudio,1BA$1,645
Golden Oaks1 Bed 1 Bath1BR,1BA$1,749

Best Value Apartments for Rent in Magnolia Center, CA

As of December 17, 2025 the best value apartment in the Magnolia Center area is the $2.55 price per square foot (4133) 3bd/1.5ba Model at Melrose Place Apartments in the in the Ramona neighborhood starting from $2,550. The second greatest value Magnolia Center apartment is the 2bd/2ba Model at MONTICELLO APARTMENT HOMES- FULLY UPGRADED! Riverside, CA starting at $2,375 with a $2.50 price per square foot in the Ramona neighborhood. Here is today’s list of the best values for Magnolia Center apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Melrose Place Apartments(4133) 3bd/1.5ba3BR,1.5BA$2.55
MONTICELLO APARTMENT HOMES- FULLY UPGRADED! Riverside, CA2bd/2ba2BR,2BA$2.50
Madison ParkPlan A 1 Bed 1 Bath with Loft1BR,1BA$2.15
Village West Apartments2 Bedroom, 1.5 Bath2BR,1.5BA$2.57
The Aspens RiversideAlpine1BR,1BA$2.80
Melrose Manor Apartments - Riverside, CA(M1) 1bd/1ba1BR,1BA$2.57
Jurupa Hacienda Apartments1x11BR,1BA$2.72
Las Casitas Apartments1 Bed 1 Bath1BR,1BA$2.76
Jurupa Royale1x11BR,1BA$2.39
Golden Oaks1 Bed 1 Bath1BR,1BA$2.90

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Magnolia Center, Riverside, CA

Ranked #26

Among cities in California for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of neighborhoods, areas, and rental properties across California, including Riverside. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including searching for the best amenities, and proximity to parks, pet-friendly features, family-friendliness, proximity to transit, in addition to floorplans, availablity, and pricing. These search options are in the site filters at the top of this page.

Getting Around the Magnolia Center Neighborhood in Riverside, CA

Walk Score®

78 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

69 / 100

Bikeable

Some bike infrastructure

Transit Score®

40 / 100

Some Transit

A few nearby public transportation options

Frequently Asked Questions about Cheap Magnolia Center Apartments

What is the price of a cheap apartment in Magnolia Center?

The cheapest apartment in Magnolia Center is Jurupa Royale which is listed at $1,495, while the average apartment in Magnolia Center costs $3,100.

What types of apartments are the cheapest in Magnolia Center?

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 18 regular apartments in Magnolia Center that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.