Cheap Apartments for Rent in the Riverwalk Neighborhood of Santa Cruz, CA from $1,300 (12 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

close
View Me
307-309 Raymond St
Studio to 3 Bedroom Apartments

307-309 Raymond St

307-309 Raymond StSanta Cruz, CA 95060
close
View Me
240 River Street
Studio to 3 Bedroom Apartments

240 River Street

232-240 River StSanta Cruz, CA 95060
  • Utilities Included
close
View Me
516 Center St
Studio Apartments

516 Center St

516 Center StSanta Cruz, CA 95060

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

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 ListingModel NameBed/BathPriced From
The Palomar InnPalomar Inn -SROStudio,1BA$1,860
Seaside StudiosStudioStudio,1BA$1,925
St. George ApartmentsStudioStudio,1BA$2,200
The BreakersThe BreakersStudio,1BA$2,295
108 Sycamore St1 Bedroom1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Anton Pacific1 Bed/1 Bath-14B1BR,1BA$5.41
150-152 Leibrandt Ave2-Bedroom2BR,1BA$4.92
Five55C11BR,1BA$5.95
Hidden Creek Apartments1 Bed 1 Bath1BR,1BA$6.01
108 Sycamore St1 Bedroom1BR,1BA$5.70
201 River Street ApartmentsFeatured One Bedroom1BR,1BA$6.48
River RowS7Studio ,1BA$7.52
The BreakersThe Shoreline1BR,1BA$7.68
Seaside StudiosStudioStudio ,1BA$6.42
The Palomar InnPalomar Inn -SROStudio ,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 Article
Decorative image

Real 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 Article
Decorative image

Quick 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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Riverwalk, Santa Cruz, CA

Ranked #5

Among cities in California for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

decorative image of woman handing cat to small boy

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

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

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.

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

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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.