
Cheap Apartments for Rent in the University Neighborhood of Riverside, CA from $500 (5 Rentals)
Search the lowest-cost Apartments available for rent right now in the University area of Riverside.


The Riverbrook Apartments
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.

Las Palmas Apartments

The Regent
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.

Linden Manor
University, Riverside, CA Local Guide

How much does it cost to rent an apartment in University?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| University Studio Apartments | $1,768 | $1,625 | $1,920 |
| University 1 Bedroom Apartments | $1,861 | $888 | $2,545 |
| University 2 Bedroom Apartments | $1,969 | $545 | $2,680 |
| University 3 Bedroom Apartments | $1,678 | $515 | $3,300 |
| University 4 Bedroom Apartments | $935 | $649 | $1,225 |
Browse Apartments in this Neighborhood
There are currently 5 rentals with your search options within a 2 mile radius of the University Neighborhood of Riverside, CA.
See all Apartments in RiversideExplore Riverside
University, Riverside, CA Local Guide
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Cheapest Available University Apartments for Rent
 The cheapest available apartment rental in the University area of Riverside, CA is a 3 Beds unit found at Highland Parc North - Near UCR priced from $515. Highlander at North Campus Student Housing has the second lowest priced unit, which is a 2 Beds apartment currently listed from $779. Here are the most affordable University apartments for rent in Riverside, CA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Highland Parc North - Near UCR | AVAILABLE NOW! 3x2 | 3BR,2BA | $515 |
| Highlander at North Campus Student Housing | 2x2 | 2BR,2BA | $779 |
| Emerald Pointe Apartments | 2 Bed 1.5 Bath | 2BR,1BA | $1,495 |
Best Value Apartments for Rent in University, CA
As of January 15, 2026 the best value apartment in the University area is the $0.62 price per square foot 4x4 Premium Model at Highlander at North Campus Student Housing in the in the University neighborhood starting from $949. The second greatest value University apartment is the Two Bedroom Two Bath Model at Highlander Park starting at $2,110 with a $2.05 price per square foot in the University neighborhood. Here is today’s list of the best values for University apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Highlander at North Campus Student Housing | 4x4 Premium | 4BR,4BA | $0.62 |
| Highlander Park | Two Bedroom Two Bath | 2BR,2BA | $2.05 |
| Emerald Pointe Apartments | 2 Bed 1.5 Bath | 2BR,1.5BA | $1.59 |
| The Met Apartments | 2 Bedroom / 1 Bath Upstairs | 2BR,1BA | $2.12 |
| Briarwood Apartments - Riverside, CA | 2bd/1ba - Premium | 2BR,1BA | $2.28 |
| Park View Apartments- Riverside, CA | 2bd/1ba - Premium | 2BR,1BA | $2.22 |
| WINDWOOD | Plan A | 2BR,2BA | $2.14 |
| Springbrook Park Apartments | 1BR/1.0BA | 1BR,1BA | $2.06 |
| Concord Village | 1A | 1BR,1BA | $2.26 |
| Highland Parc North - Near UCR | AVAILABLE NOW! 2x1 | 2BR,1BA | $0.75 |
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.
Read ArticleThe 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.
Read ArticleCash 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.
Read ArticleQuick 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.
Pet Friendly LifestyleUniversity, Riverside, CA
Ranked #8
Among cities in California for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in University, Riverside, CA
University Heights Middle
School data provided by Great Schools
Frequently Asked Questions about Cheap University Apartments
What is the price of a cheap apartment in University?
The cheapest apartment in University is La Paz Apartments which is listed at $1,600, while the average apartment in University costs $2,095.
What types of apartments are the cheapest in University?
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 25 regular apartments in University 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?
Cheap apartments in University have an average cost of $622 which is $1,473 cheaper than the average rent for all rentals in University.
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

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.

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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!