Cheap Homes for Rent in Waterfront Neighborhood of Santa Barbara, CA from $4,000 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the Waterfront area of Santa Barbara.

112 Por La Mar Cir
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.

459 Por La Mar Cir

407 Por La Mar Cir
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.

325 Ladera St
Waterfront, Santa Barbara, CA Local Guide

How much does it cost to rent a home in Waterfront?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Waterfront 2 Bedroom Homes for Rent | $5,820 | $4,900 | $7,300 |
| Waterfront 3 Bedroom Homes for Rent | $31,000 | $10,000 | $10,000+ |
Browse Homes for Rent in this Neighborhood
There are currently 5 rentals with your search options within a 2 mile radius of the Waterfront Neighborhood of Santa Barbara, CA.
Explore Santa Barbara
Waterfront, Santa Barbara, CA Local Guide
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Cheapest Available Waterfront Apartments for Rent
 | Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 201 Ladera St | 2/1.5 | 2BR,1BA | $3,395 |
Best Value Apartments for Rent in Waterfront, CA
As of November 16, 2025 the best value apartment in the Waterfront area is the $5.04 price per square foot 415 Rancheria St Model at 415 Rancheria St, Unit 4 in the in the Westside neighborhood starting from $6,300. The second greatest value Waterfront apartment is the 3/2 Model at 201 Ladera St starting at $4,395 with a $87.90 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. |
|---|---|---|---|
| 415 Rancheria St, Unit 4 | 415 Rancheria St | 4BR,1.5BA | $5.04 |
| 201 Ladera St | 3/2 | 3BR,2BA | $87.90 |
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 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 LifestyleWaterfront, Santa Barbara, CA
Ranked #26
Among cities in California for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Frequently Asked Questions about Waterfront
What type of rentals are currently available in Waterfront?
There are currently 74 Apartments for Rent in Waterfront, CA with pricing that ranges from $3,300 to $6,300. There are also 10 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waterfront ranging from $4,000 to $31,000.
What is the current price range for Rental Homes in Waterfront?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Waterfront ranges from $4,000 to $31,000 with an average monthly rent of $13,651.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

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!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.
