
Cheap Apartments for Rent in the Riverwalk Neighborhood of Santa Cruz, CA from $1,300 (12 Rentals)
Search the lowest-cost Apartments available for rent right now in the Riverwalk area of Santa Cruz.


Seaside Studios

201 River Street Apartments

St. George Apartments

The Breakers

Five55
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.

116 Maple St

307-309 Raymond St

240 River Street

Pacific View Courts

Ocean Street Apartments

516 Center 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.
Riverwalk, Santa Cruz, CA Local Guide

How much does it cost to rent an apartment in Riverwalk?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Riverwalk Studio Apartments | $3,186 | $1,860 | $4,092 |
| Riverwalk 1 Bedroom Apartments | $3,654 | $2,395 | $5,552 |
| Riverwalk 2 Bedroom Apartments | $5,554 | $3,195 | $7,500 |
Browse Apartments in this Neighborhood
There are currently 12 rentals with your search options within a 2 mile radius of the Riverwalk Neighborhood of Santa Cruz, CA.
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Riverwalk, Santa Cruz, CA Local Guide
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Cheapest Available Riverwalk Apartments for Rent
 The cheapest available apartment rental in the Riverwalk area of Santa Cruz, CA is a Studio unit found at The Palomar Inn priced from $1,860. Seaside Studios has the second lowest priced unit, which is a Studio apartment currently listed from $1,925. Here are the most affordable Riverwalk apartments for rent in Santa Cruz, CA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Palomar Inn | Palomar Inn -SRO | Studio,1BA | $1,860 |
| Seaside Studios | Studio | Studio,1BA | $1,925 |
| St. George Apartments | Studio | Studio,1BA | $2,200 |
| The Breakers | The Breakers | Studio,1BA | $2,295 |
| 108 Sycamore St | 1 Bedroom | 1BR,1BA | $2,850 |
Best Value Apartments for Rent in Riverwalk, CA
As of May 25, 2026 the best value apartment in the Riverwalk area is the $5.41 price per square foot 1 Bed/1 Bath-14B Model at Anton Pacific in the in the Downtown Santa Cruz neighborhood starting from $5,552. The second greatest value Riverwalk apartment is the 2-Bedroom Model at 150-152 Leibrandt Ave starting at $3,200 with a $4.92 price per square foot in the Ocean Street neighborhood. Here is today’s list of the best values for Riverwalk apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Anton Pacific | 1 Bed/1 Bath-14B | 1BR,1BA | $5.41 |
| 150-152 Leibrandt Ave | 2-Bedroom | 2BR,1BA | $4.92 |
| Five55 | C1 | 1BR,1BA | $5.95 |
| Hidden Creek Apartments | 1 Bed 1 Bath | 1BR,1BA | $6.01 |
| 108 Sycamore St | 1 Bedroom | 1BR,1BA | $5.70 |
| 201 River Street Apartments | Featured One Bedroom | 1BR,1BA | $6.48 |
| River Row | S7 | Studio ,1BA | $7.52 |
| The Breakers | The Shoreline | 1BR,1BA | $7.68 |
| Seaside Studios | Studio | Studio ,1BA | $6.42 |
| The Palomar Inn | Palomar Inn -SRO | Studio ,1BA | $6.76 |
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 ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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 LifestyleRiverwalk, Santa Cruz, CA
Ranked #5
Among cities in California for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about Cheap Riverwalk Apartments
What is the Cheapest Studio apartment in Riverwalk?
Currently the most affordable Cheap Studio Apartment in Riverwalk is at The Palomar Inn listed at $1,860.
How much is rent for a Cheap One Bedroom Riverwalk Apartment?
The lowest price for a Cheap One Bedroom Riverwalk Apartment is $2,650 at The Breakers.
What is the lowest price for a Cheap Two Bedroom Riverwalk Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Riverwalk is starting from $3,195 at The Breakers.
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

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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.

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.

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.