
Cheap Apartments for Rent in the Waterfront Neighborhood of Santa Barbara, CA from $1,700 (49 Rentals)
Search the lowest-cost Apartments available for rent right now in the Waterfront area of Santa Barbara.


Paseo Chapala

302 W Montecito St

203 Ladera St

Rancheria Village Apartments

118-122 Los Aguajes Ave

718-724 De La Vina St

103 Chapala St

Burrton Circle
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.

205 Los Aguajes Ave

123 Natoma Ave

310 Ladera St

El Andaluz

222 W Yanonali St

Chapala One

Prime 8-Apartment Building in West Beach

450 Por La Mar Dr

20 W Mason St
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

125-129 W Yanonali St

224 W Yanonali St

116-118 Bath St

633 De La Vina St

Casalino Court

221 E Haley St

509 Fig Ave

428 Corona Del Mar

Sycamore Creek Village
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.

414 Chapala St

Santa Barbara Shores

Bradley Studios

High Tide Apartments

221 Natoma Ave

204-206 W Yanonali St

La Marina Apartments

122 Los Aguajes Ave

312 S Voluntario St
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.

225 E Cota St

Monteria Village

627 De La Vina St

405 Corona del Mar

232 W Yanonali St

104 Los Aguajes Ave

Vera Cruz Village

427 W Montecito St

318 S Voluntario St
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.

Haley Cottages

Castillo Apartments

Patios Del Sol Apartments

121 W Mason St
Waterfront, Santa Barbara, CA Local Guide

How much does it cost to rent an apartment in Waterfront?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Waterfront Studio Apartments | $2,200 | $2,200 | $2,200 |
| Waterfront 1 Bedroom Apartments | $4,075 | $3,900 | $4,600 |
| Waterfront 2 Bedroom Apartments | $4,945 | $4,450 | $5,800 |
| Waterfront 3 Bedroom Apartments | $6,591 | $5,950 | $7,550 |
Browse Apartments in this Neighborhood
There are currently 49 rentals with your search options within a 2 mile radius of the Waterfront Neighborhood of Santa Barbara, CA.
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Cheapest Available Waterfront Apartments for Rent
 | Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Sea Cliff Apartments | 1x1 727 sqft | 1BR,1BA | $3,900 |
| El Jardin | Two Bedroom, One Bathroom 2E | 2BR,1BA | $4,450 |
Best Value Apartments for Rent in Waterfront, CA
As of September 07, 2026 the best value apartment in the Waterfront area is the $7.24 price per square foot Two Bedroom, One Bathroom 2G Model at El Jardin in the in the Waterfront neighborhood starting from $5,800. The second greatest value Waterfront apartment is the 1x1 727 sqft Model at Sea Cliff Apartments starting at $3,900 with a $5.36 price per square foot in the Waterfront neighborhood. Here is today’s list of the best values for Waterfront apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| El Jardin | Two Bedroom, One Bathroom 2G | 2BR,1BA | $7.24 |
| Sea Cliff Apartments | 1x1 727 sqft | 1BR,1BA | $5.36 |
Frequently Asked Questions about Cheap Waterfront Apartments
What is the lowest price for a Cheap Two Bedroom Waterfront Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Waterfront is starting from $4,450 at El Jardin.
What is the most affordable Waterfront Three Bedroom Apartment?
The best deal on a cheap Waterfront Three Bedroom Apartment rental is at El Jardin and starts from $5,950.
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

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.

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.

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.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.