Cheap Apartments for Rent in the Bananna Belt Neighborhood of Santa Cruz, CA from $1,700 (11 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Bananna Belt area of Santa Cruz.

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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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Coronado Apartments
Studio to 2 Bedroom Apartments

Coronado Apartments

133 Morrissey BlvdSanta Cruz, CA 95062
  • Utilities Included
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240 River Street
Studio to 3 Bedroom Apartments

240 River Street

232-240 River StSanta Cruz, CA 95060
  • Utilities Included

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516 Center St
Studio Apartments

516 Center St

516 Center StSanta Cruz, CA 95060
Showing Results 1-11, Page 1 of 1

Cheapest Available Bananna Belt Apartments for Rent

 

The cheapest available apartment rental in the Bananna Belt area of Santa Cruz, CA is a Studio unit found at The Palomar Inn priced from $1,860. 201 River Street Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $2,169. Here are the most affordable Bananna Belt apartments for rent in Santa Cruz, CA:

Apartment ListingModel NameBed/BathPriced From
The Palomar InnPalomar Inn -SROStudio,1BA$1,860
201 River Street ApartmentsStudioStudio,1BA$2,169
St. George ApartmentsStudioStudio,1BA$2,200
The BreakersThe BreakersStudio,1BA$2,295
1010 Pacific ApartmentsResidence A11BR,1BA$2,595

Best Value Apartments for Rent in Bananna Belt, CA

As of April 30, 2026 the best value apartment in the Bananna Belt area is the $4.43 price per square foot 2-Bedroom, 1-Bathroom Model at Cormorant Court Apartments in the in the Prospect Heights neighborhood starting from $3,395. The second greatest value Bananna Belt apartment is the AT1 Model at 1010 Pacific Apartments starting at $3,167 with a $5.46 price per square foot in the Downtown Santa Cruz neighborhood. Here is today’s list of the best values for Bananna Belt apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Cormorant Court Apartments2-Bedroom, 1-Bathroom2BR,1BA$4.43
1010 Pacific ApartmentsAT11BR,1BA$5.46
201 River Street ApartmentsFeatured One Bedroom1BR,1BA$6.48
River RowS7Studio ,1BA$7.52
NANDA ON PACIFICStudioStudio ,1BA$7.60
The BreakersThe Shoreline1BR,1BA$7.68
The Palomar InnPalomar Inn -SROStudio ,1BA$6.76
St. George ApartmentsStudioStudio ,1BA$9.52

Frequently Asked Questions about Cheap Bananna Belt Apartments

What is a cheap apartment in Bananna Belt?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Bananna Belt is under $3,395.

What is the price of a cheap apartment in Bananna Belt?

The cheapest apartment in Bananna Belt is 1010 Pacific Apartments which is listed at $2,595, while the average apartment in Bananna Belt costs $5,200.

What types of apartments are the cheapest in Bananna Belt?

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 15 regular apartments in Bananna Belt 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

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.