
Cheap Homes for Rent in the Waterfront Neighborhood of Santa Barbara, CA from $2,200 (3 Rentals)
Search the lowest-cost Homes available for rent right now in the Waterfront area of Santa Barbara.

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.

438 Por La Mar Cir
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.

151 Por La Mar Cir
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 | $5,500 | $5,500 | $5,500 |
| Waterfront 3 Bedroom Homes for Rent | $15,166 | $7,000 | $10,000+ |
Browse Homes for Rent in this Neighborhood
There are currently 3 rentals with your search options within a 2 mile radius of the Waterfront Neighborhood of Santa Barbara, CA.
Explore Santa Barbara
Best Value Apartments for Rent in Waterfront, CA
As of August 31, 2026 the best value apartment in the Waterfront area is the $4.80 price per square foot 415 Rancheria St Model at 415 Rancheria St, Unit 4 in the in the Westside neighborhood starting from $6,000. The second greatest value Waterfront apartment is the Two Bedroom, One Bathroom 2G Model at El Jardin starting at $5,800 with a $7.24 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 | $4.80 |
| 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 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 $2,375 to $7,550. There are also 8 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waterfront ranging from $3,650 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 $3,650 to $31,000 with an average monthly rent of $10,054.
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.

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.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.