Cheap Apartments for Rent in the University Neighborhood of Riverside, CA from $500 (58 Rentals)

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

property at 4360 Watkins Dr
$850

Total Monthly Price

Base Rent$850
Total Monthly Price$850
5 Bedroom, 3 Bath Home for Rent
Available Now
Cost Per Sq.Ft.

4360 Watkins Dr

RiversideCA92507

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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Boulder Creek
$1,896 - $2,116

Total Monthly Price

Base Rent$1,896 - $2,116
Total Monthly PriceVaries
Studio to 2 Bedroom Apartments Available Now

Boulder Creek

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Dwell Apartment Homes
Rent Specials
$1,960 - $2,395

Total Monthly Price

Base Rent$1,960 - $2,395
Total Monthly Price$1,960 - $2,395
1 to 2 Bedroom Apartments Available Now

Dwell Apartment Homes

160 W Big Springs RdRiverside, CA 92507
Corporate Housing
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  • 3D Tour

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1881 Loma Vista St
Studio to 3 Bedroom Apartments

1881 Loma Vista St

1881 Loma Vista StRiverside, CA 92507
  • Utilities Included
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Las Palmas Apartments
1 to 2 Bedroom Apartments

Las Palmas Apartments

2052 W Linden StRiverside, CA 92507
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The Regent
1 to 2 Bedroom Apartments

The Regent

3553 Chicago AveRiverside, CA 92507
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Linden Manor
1 to 3 Bedroom Apartments

Linden Manor

1245 W Linden StRiverside, CA 92507
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La Paz Apartments
1 to 3 Bedroom Apartments

La Paz Apartments

2032 W Linden StRiverside, CA 92507
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Rock Ridge
1 to 3 Bedroom Apartments

Rock Ridge

3581 ChicagoRiverside, CA 92507
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Park Village
1 to 2 Bedroom Apartments

Park Village

3735 Kansas AveRiverside, CA 92507

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

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University, Riverside, CA Local Guide

Cheapest Available University Apartments for Rent

 

The cheapest available apartment rental in the University area of Riverside, CA is a 2 Beds unit found at Emerald Pointe Apartments priced from $1,495. Rock Ridge has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,695. Here are the most affordable University apartments for rent in Riverside, CA:

Apartment ListingModel NameBed/BathPriced From
Emerald Pointe Apartments2 Bed 1.5 Bath2BR,1BA$1,495
Rock Ridge1 Bedroom 1 Bath - 780791BR,1BA$1,695
University Court1 bed 1 bath1BR,1BA$1,695
Annex on ChicagoAVAILABLE NOW - 1B/1B1BR,1BA$1,699
Park VillagePark Village Apartments- Riverside, CA1BR,1BA$1,700
Falcon Pointe Apartments1BR/1BA1BR,1BA$1,750
University Village Apartments1 Bed / 1 Bath - Upstairs1BR,1BA$1,750
Concord Village1A1BR,1BA$1,795
Timbers Riverside Apartments1 Bedroom 1 Bath Split Level1BR,1BA$1,799

Best Value Apartments for Rent in University, CA

As of September 05, 2026 the best value apartment in the University area is the $2.22 price per square foot 2BD Loft/ 2.0BA Model at Villas at Columbia in the in the University neighborhood starting from $2,295. The second greatest value University apartment is the Two Bedroom Two Bath C Model at Dwell Apartment Homes starting at $2,345 with a $2.47 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Villas at Columbia2BD Loft/ 2.0BA2BR,2BA$2.22
Dwell Apartment HomesTwo Bedroom Two Bath C2BR,2BA$2.47
Emerald Pointe Apartments2 Bed 1.5 Bath2BR,1.5BA$1.59
The Met Apartments2 Bedroom / 1 Bath Upstairs2BR,1BA$2.08
Concord Square ApartmentsTwo Bedroom2BR,2BA$2.39
Briarwood Apartments - Riverside, CA2bd/1ba - Premium2BR,1BA$2.28
Annex on ChicagoAVAILABLE NOW - LAST 1B/1B with Den!1BR,1BA$2.25
Concord Village1A1BR,1BA$2.39
Waldorf Apartments- Riverside, CAFULLY UPGRADED 1 BED 1 BATH!1BR,1BA$2.52
1765 Martin Luther King Blvd, Unit 1-Bedroom Apartment for Rent in Riverside1765 Martin Luther King Blvd1BR,1BA$2.36

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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Navigating the Rental Market: Tips for First-Time Renters

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Pet Friendly Lifestyle
University, Riverside, CA

Ranked #12

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
University, Riverside, CA

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you Lifestyle Ratings of rentals and neighborhoods across the USA, including University, Riverside, and the greater Riverside area. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including rankings of the best places for convenient access to the outdoors, luxury amenities, kid and pet-friendly communities, availability of transit options, and more. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap University Apartments

What is a cheap apartment in University?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in University is under $1,799.

What is the price of a cheap apartment in University?

The cheapest apartment in University is University Court which is listed at $1,695, while the average apartment in University costs $2,482.

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 7 regular apartments in University 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

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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.