Cheap Apartments for Rent in the Waterfront Neighborhood of Santa Barbara, CA from $1,700 (49 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Waterfront area of Santa Barbara.

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Paseo Chapala
Studio Apartments

Paseo Chapala

721-791 Chapala StSanta Barbara, CA 93101
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302 W Montecito St
2 Bedroom Apartments

302 W Montecito St

302 W Montecito StSanta Barbara, CA 93101
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203 Ladera St
Studio to 1 Bedroom Apartments

203 Ladera St

203 Ladera StSanta Barbara, CA 93101
Furnished
  • Utilities Included
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718-724 De La Vina St
Studio to 1 Bedroom Apartments

718-724 De La Vina St

718-724 De La Vina StSanta Barbara, CA 93101
  • Utilities Included
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103 Chapala St
1 to 2 Bedroom Apartments

103 Chapala St

103 Chapala StSanta Barbara, CA 93101
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Burrton Circle
Studio Apartments

Burrton Circle

200 W Mason StSanta Barbara, CA 93101

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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123 Natoma Ave
Studio Apartments

123 Natoma Ave

123 Natoma AveSanta Barbara, CA 93101
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310 Ladera St
2 Bedroom Apartments

310 Ladera St

310 Ladera StSanta Barbara, CA 93101
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El Andaluz
Studio Apartments

El Andaluz

531 Chapala StSanta Barbara, CA 93101
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222 W Yanonali St
Studio Apartments

222 W Yanonali St

222 W Yanonali StSanta Barbara, CA 93101
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Chapala One
2 Bedroom Apartments

Chapala One

401-415 Chapala StSanta Barbara, CA 93101
Corporate Housing
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450 Por La Mar Dr
Studio to 2 Bedroom Apartments

450 Por La Mar Dr

450 Por La Mar DrSanta Barbara, CA 93103
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20 W Mason St
1 Bedroom Apartments

20 W Mason St

20 W Mason StSanta Barbara, CA 93101

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.

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125-129 W Yanonali St
Studio to 1 Bedroom Apartments

125-129 W Yanonali St

125-129 W Yanonali StSanta Barbara, CA 93101
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224 W Yanonali St
Studio Apartments

224 W Yanonali St

224 W Yanonali StSanta Barbara, CA 93101
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116-118 Bath St
Studio Apartments

116-118 Bath St

116-118 Bath StSanta Barbara, CA 93101
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633 De La Vina St
Studio Apartments

633 De La Vina St

633 De La Vina StSanta Barbara, CA 93101
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Casalino Court
1 to 2 Bedroom Apartments

Casalino Court

617-623 De La Vina StSanta Barbara, CA 93101
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221 E Haley St
Studio to 1 Bedroom Apartments

221 E Haley St

221 E Haley StSanta Barbara, CA 93101
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509 Fig Ave
Studio to 3 Bedroom Apartments

509 Fig Ave

509 Fig AveSanta Barbara, CA 93101
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428 Corona Del Mar
2 to 3 Bedroom Apartments

428 Corona Del Mar

428 Corona Del MarSanta Barbara, CA 93103
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Sycamore Creek Village
1 to 2 Bedroom Apartments

Sycamore Creek Village

1130 Punta Gorda StSanta Barbara, CA 93103
  • Smoke Free

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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414 Chapala St
Studio Apartments

414 Chapala St

414 Chapala StSanta Barbara, CA 93101
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Bradley Studios
Studio Apartments

Bradley Studios

512 Bath StSanta Barbara, CA 93101
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221 Natoma Ave
Studio Apartments

221 Natoma Ave

221 Natoma AveSanta Barbara, CA 93101

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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225 E Cota St
1 Bedroom Apartments

225 E Cota St

225 E Cota StSanta Barbara, CA 93101
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Monteria Village
3 to 5 Bedroom Apartments

Monteria Village

522 W Montecito StSanta Barbara, CA 93101
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627 De La Vina St
1 to 2 Bedroom Apartments

627 De La Vina St

627 De La Vina StSanta Barbara, CA 93101
  • Utilities Included
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405 Corona del Mar
1 Bedroom Apartments

405 Corona del Mar

405 Corona del MarSanta Barbara, CA 93103
  • Utilities Included
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232 W Yanonali St
1 to 2 Bedroom Apartments

232 W Yanonali St

232 W Yanonali StSanta Barbara, CA 93101
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104 Los Aguajes Ave
Studio to 2 Bedroom Apartments

104 Los Aguajes Ave

104 Los Aguajes AveSanta Barbara, CA 93101
  • Utilities Included
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Vera Cruz Village
Studio Apartments

Vera Cruz Village

116 E Cota StSanta Barbara, CA 93101
Senior Living
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318 S Voluntario St
1 to 2 Bedroom Apartments

318 S Voluntario St

318 S Voluntario StSanta Barbara, CA 93103

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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Haley Cottages
Studio Apartments

Haley Cottages

227 E Haley StSanta Barbara, CA 93101
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Castillo Apartments
1 Bedroom Apartments

Castillo Apartments

215 Castillo StSanta Barbara, CA 93101
  • Utilities Included
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121 W Mason St
Studio to 1 Bedroom Apartments

121 W Mason St

121 W Mason StSanta Barbara, CA 93101

Cheapest Available Waterfront Apartments for Rent

 
Apartment ListingModel NameBed/BathPriced From
Sea Cliff Apartments1x1 727 sqft1BR,1BA$3,900
El JardinTwo Bedroom, One Bathroom 2E2BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
El JardinTwo Bedroom, One Bathroom 2G2BR,1BA$7.24
Sea Cliff Apartments1x1 727 sqft1BR,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

decorative image for Rent According to Income: A Look at Income-Restricted Rentals   article

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.

decorative image for Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My! article

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.

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

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.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

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.