Cheap Apartments for Rent in the University Hills Neighborhood of Riverside, CA from $500 (56 Rentals)

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

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Boulder Creek
$1,636 - $2,341
Total Monthly Price

Total Monthly Price

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$1,636 - $2,341
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Studio to 2 Bedroom Apartments Available Now

Boulder Creek

2442 Iowa AveRiverside, CA 92507
Furnished
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  • Customer Reviewed
  • 3D Tour

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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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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Colonnade
Rent Specials
$2,029 - $2,645
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Total Monthly Price

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$2,029 - $2,645
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1 to 2 Bedroom Apartments Available Now

Colonnade

5880 Fair Isle DrRiverside, CA 92507
Work From Home
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  • Customer Reviewed
  • 3D Tour

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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Castlerock
Rent Specials
$2,168 - $2,822
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$2,168 - $2,822
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1 to 2 Bedroom Apartments Available Now

Castlerock

5700 Lochmoor DrRiverside, CA 92507
Student Living
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  • Customer Reviewed
  • 3D Tour
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Canyon Oak Apartments
Studio to 2 Bedroom Apartments

Canyon Oak Apartments

5505 Canyon Crest DrRiverside, CA 92507
  • Utilities Included
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Linden Manor
1 to 3 Bedroom Apartments

Linden Manor

1245 W Linden StRiverside, CA 92507
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University Court
1 to 3 Bedroom Apartments

University Court

1415-1421 7th StRiverside, CA 92507
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Parkhill Apartments
1 to 2 Bedroom Apartments

Parkhill Apartments

991 W Blaine StRiverside, CA 92507
  • Utilities Included

The Ultimate Local's Guide to Living in Riverside, CA

Planning a move to Riverside? Get a detailed look at the best neighborhoods—Mission Grove, Orangecrest, Canyon Crest, and La Sierra—plus tips on the commute, weather, and nearby vacation spots.

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property at 494 Alta Mesa Dr

$1,685

Total Monthly Price

Total Monthly Price

Base Rent
$1,685
Total Monthly Price
$1,685

1 Bedroom, 1 Bath Home for Rent

Available Now

494 Alta Mesa Dr

RiversideCA92507
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Bunker Hill Apartments
1 to 3 Bedroom Apartments

Bunker Hill Apartments

5475 Canyon Crest DrRiverside, CA 92507
  • Utilities Included
property at 375 Central Ave

$1,875 - $2,599

1 To 3 Bedroom Rentals

Available Now

375 Central Ave

RiversideCA92507
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Casa Verde
1 to 3 Bedroom Apartments

Casa Verde

955 Via ZapataRiverside, CA 92507
  • Utilities Included
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Highlander Pointe Apartments
Studio to 3 Bedroom Apartments

Highlander Pointe Apartments

1055 W Blaine StRiverside, CA 92507
Corporate Housing
  • Utilities Included
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Chancellor Arms
1 to 2 Bedroom Apartments

Chancellor Arms

1436 7th StRiverside, CA 92507
Student Housing

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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University Hills, Riverside, CA Local Guide

Cheapest Available University Hills Apartments for Rent

 

The cheapest available apartment rental in the University Hills area of Riverside, CA is a 2 Beds unit found at Highlander at North Campus Student Housing priced from $799. Falcon Pointe Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,650. Here are the most affordable University Hills apartments for rent in Riverside, CA:

Apartment ListingModel NameBed/BathPriced From
Highlander at North Campus Student Housing2x22BR,2BA$799
Falcon Pointe Apartments1BR/1BA1BR,1BA$1,650
Summit Pointe Apartments1x1 - Upstairs1BR,1BA$1,695
Highlander Park ApartmentsOne Bedroom One Bath1BR,1BA$1,698
Berkdale ApartmentsJunior 1 Bedroom 1 Bath1BR,1BA$1,699
Boulder CreekStudio - RenovatedStudio,1BA$1,731
WINDWOODPlan D1BR,1BA$1,749
Fully Upgraded Senior Apartments!One Bedroom One Bath1BR,1BA$1,750
Concord Square ApartmentsOne Bedroom1BR,1BA$1,775
Concord Village1A1BR,1BA$1,795

Best Value Apartments for Rent in University Hills, CA

As of April 24, 2026 the best value apartment in the University Hills area is the $2.38 price per square foot 3 Bedroom - 2 Bath Plan A Model at Canyon Crest Views Apartments in the in the Canyon Crest neighborhood starting from $3,129. The second greatest value University Hills apartment is the 3 Bedrooms 2 Bathrooms Model at Sycamore Canyons starting at $3,006 with a $2.31 price per square foot in the Canyon Crest neighborhood. Here is today’s list of the best values for University Hills apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Canyon Crest Views Apartments3 Bedroom - 2 Bath Plan A3BR,2BA$2.38
Sycamore Canyons3 Bedrooms 2 Bathrooms3BR,2BA$2.31
Canyon Crest2A2BR,2BA$2.31
The Lindy East & West Apartments2 Bed / 2 Bath - UPSTAIRS2BR,2BA$1.90
Los Arbolitos Riverside Apartments2 Bedroom 1 Bath2BR,1BA$2.12
Granada Pueblo ApartmentsRemodeled2BR,2BA$2.18
Dwell Apartment HomesTwo Bedroom Two Bath C2BR,2BA$2.42
Concord Village1A1BR,1BA$2.39
Concord Square ApartmentsOne Bedroom1BR,1BA$2.47
Highlander Park ApartmentsOne Bedroom One Bath1BR,1BA$2.39

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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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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Best Local Schools in
University Hills, Riverside, CA

School data provided by Great Schools

Lifestyle Ratings

Our team compiles millions of data points to bring you our detailed rental search system called 'Lifestyle ratings', composed of neighborhoods, areas, and rental properties across California and customized analysis for Riverside, California. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including filtering automatically for outdoor amenities like tennis courts, luxury housing options, multifamily communities for the kids, raising pets, transit options, and other valuable search options. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap University Hills Apartments

What is a cheap apartment in University Hills?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in University Hills is under $1,795.

What is the price of a cheap apartment in University Hills?

The cheapest apartment in University Hills is Falcon Pointe Apartments which is listed at $1,650, while the average apartment in University Hills costs $3,012.

What types of apartments are the cheapest in University Hills?

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 51 regular apartments in University Hills 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 University Hills?

Cheap apartments in University Hills have an average cost of $693 which is $2,319 cheaper than the average rent for all rentals in University Hills.

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.

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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.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.