Cheap Apartments for Rent in the Magnolia Center Neighborhood of Riverside, CA from $800 (10 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

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.

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Magnolia Arms
1 to 2 Bedroom Apartments

Magnolia Arms

7469 Magnolia AveRiverside, CA 92504
  • Utilities Included
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Vernon Apartments
1 Bedroom Apartments

Vernon Apartments

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

Richelieu Apartments

7431 Magnolia AveRiverside, CA 92504
  • Utilities Included
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Hacienda Apartments
1 to 2 Bedroom Apartments

Hacienda Apartments

4680 Jurupa AveRiverside, CA 92506
  • Utilities Included
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Cape Cod Apartments
Studio to 3 Bedroom Apartments

Cape Cod Apartments

5360 Olivewood AveRiverside, CA 92506
  • Utilities Included

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Las Casitas Apartments
1 to 2 Bedroom Apartments

Las Casitas Apartments

4976 Jurupa AveRiverside, CA 92504
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Golden Oaks
Studio to 2 Bedroom Apartments

Golden Oaks

7756 California AveRiverside, CA 92504

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 Studio unit found at Golden Oaks priced from $1,579. Towne Center Garden Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,750. Here are the most affordable Magnolia Center apartments for rent in Riverside, CA:

Apartment ListingModel NameBed/BathPriced From
Golden OaksStudioStudio,1BA$1,579
Towne Center Garden Apartments1 Bed, 1 bath1BR,1BA$1,750
Villa Maria Apartments1 bedroom1BR,1BA$1,800

Best Value Apartments for Rent in Magnolia Center, CA

As of June 08, 2025 the best value apartment in the Magnolia Center area is the $2.27 price per square foot B1 Model at Raincross Promenade in the in the Hunter Industrial Park neighborhood starting from $2,895. The second greatest value Magnolia Center apartment is the 2Bed 1Bath Model at Giardini Bella starting at $1,950 with a $2.06 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.
Raincross PromenadeB12BR,2BA$2.27
Giardini Bella2Bed 1Bath2BR,1BA$2.06
Madison ParkPlan A 1 Bed 1 Bath with Loft1BR,1BA$2.15
School Circle Apartments - Riverside, CA2bd/1ba - Premium2BR,1BA$2.33
Village West ApartmentsA2BR,1.5BA$2.33
Raincross Cottages2 bed, 2 bath2BR,2BA$2.52
Melrose Place Apartments(4133) 2bd/1ba2BR,1BA$2.56
Villa Maria Apartments1 bedroom1BR,1BA$2.25
Arlington GardensOne Bedroom Downstairs1BR,1BA$2.37
Melrose Manor Apartments - Riverside, CA(M1) 1bd/1ba1BR,1BA$2.57

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 #23

Among neighborhoods in Riverside, CA for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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 a cheap apartment in Magnolia Center?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Magnolia Center is under $1,995.

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

The cheapest apartment in Magnolia Center is Golden Oaks which is listed at $1,729, while the average apartment in Magnolia Center costs $3,370.

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 5 regular apartments in Magnolia Center 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 Magnolia Center?

Cheap apartments in Magnolia Center have an average cost of $368 which is $3,002 cheaper than the average rent for all rentals in Magnolia Center.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.