Cheap Apartments for Rent in the Downtown Riverside Neighborhood of Spokane, WA from $400 (94 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Downtown Riverside area of Spokane.

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.

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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.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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South Hill Heights
$1,199 - $1,399
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$1,199 - $1,399
Total Monthly Price
$1,199 - $1,399
1 to 2 Bedroom Apartments Available Now

South Hill Heights

815 S Lincoln StSpokane, WA 99204
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Altura
Rent Specials
$1,245 - $1,576
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$1,245 - $1,576
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1 to 2 Bedroom Apartments Available Now

Altura

930 N Washington StSpokane, WA 99201
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Cooper George
Rent Specials
$1,246 - $2,256
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$1,246 - $2,256
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Studio to 2 Bedroom Apartments Available Now

Cooper George

707 W 5th AveSpokane, WA 99204
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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.

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Park Tower
Studio to 1 Bedroom Apartments

Park Tower

217 W Spokane Falls BlvdSpokane, WA 99201
Senior Living
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Canterbury Court
1 to 2 Bedroom Apartments

Canterbury Court

1010 S Rockwood BlvdSpokane, WA 99202
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2003 W 1st Ave
Studio Apartments

2003 W 1st Ave

2003 W 1st AveSpokane, WA 99201

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Downtown Riverside, Spokane, WA Local Guide

Cheapest Available Downtown Riverside Apartments for Rent

 

The cheapest available apartment rental in the Downtown Riverside area of Spokane, WA is a Studio unit found at Collins Apartments priced from $670. Rennwood Court Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $700. Here are the most affordable Downtown Riverside apartments for rent in Spokane, WA:

Apartment ListingModel NameBed/BathPriced From
Collins Apartments206Studio,1BA$670
Rennwood Court ApartmentsStudioStudio,1BA$700
Studio 24 ApartmentsStudioStudio,1BA$775
The DresdenStudioStudio,1BA$800
411 E Sinto Ave1 Beds, 1 Baths1BR,1BA$850
The ImperialUrban Studio1BR,1BA$850
206 FlatsStudio, 1 bathStudio,1BA$850
Metro Apartments1 bedroom1BR,1BA$850
Sherwood0BR/1.0BAStudio,1BA$875
The San Marco Apartments1 bed1BR,1BA$895

Best Value Apartments for Rent in Downtown Riverside, WA

As of June 12, 2026 the best value apartment in the Downtown Riverside area is the $0.76 price per square foot C1 Model at 940 North in the in the Riverside neighborhood starting from $919. The second greatest value Downtown Riverside apartment is the 2 Bedroom Model at The Albert Building starting at $1,500 with a $1.25 price per square foot in the Panorama Place neighborhood. Here is today’s list of the best values for Downtown Riverside apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
940 NorthC13BR,2BA$0.76
The Albert Building2 Bedroom2BR,1BA$1.25
Sunset House Apartments1 bedroom1BR,1BA$1.28
615 W 6th Ave2 Beds, 1 Baths2BR,1BA$1.28
1611 W 8th Ave2 Beds, 1 Baths2BR,1BA$1.33
Avienda Apartments1 bedroom1BR,1BA$1.29
518 Apartments1 Bedroom1BR,1BA$1.35
The San Marco Apartments1 bed1BR,1BA$1.13
Buena Vista Apartments1 Bedroom1BR,1BA$1.22
411 E Sinto Ave1 Beds, 1 Baths1BR,1BA$1.33

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.

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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.

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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.

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Pet Friendly Lifestyle
Downtown Riverside, Spokane, WA

Ranked #11

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

Our team of engineers and researchers is happy to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals and neighborhoods across the USA, including Spokane. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including searching for the best amenities, and proximity to parks, pet-friendly features, family-friendliness, proximity to transit, walking, and biking. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Downtown Riverside Apartments

What is a cheap apartment in Downtown Riverside?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Riverside is under $895.

What is the price of a cheap apartment in Downtown Riverside?

The cheapest apartment in Downtown Riverside is Collins Apartments which is listed at $780, while the average apartment in Downtown Riverside costs $1,786.

What types of apartments are the cheapest in Downtown Riverside?

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 40 regular apartments in Downtown Riverside 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

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.