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Apartments for Rent in Riverside, CA under $500

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    Chicago Financial II

    2095 Chicago Avenue, Riverside, CA 92507
    Pet friendly

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    Income restricted
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    Fountains At Sierra

    4.5 (7)
    16946 Ceres Avenue, Fontana, CA 92335
    Apply online • Fitness center • Pool
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    Income restricted
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    The Plaza At Sierra

    5.0 (8)
    16999 Orange Way, Fontana, CA 92335
    Parking • Fitness center • Pool
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    MERCADO

    832 South D Street, Perris, CA 92570
    Pet friendly • Parking • Fitness center
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    Income restricted
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    Citrus Grove

    3.5 (27)
    1432 N. Willow Ave., Rialto, CA 92376
    Dishwasher • Patio/Balcony • Air conditioner
  • 2-4-city
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Frequently asked questions

When were prices and availability in Riverside, CA last updated?

Prices and availability in Riverside, CA were last updated on 31 Oct 2026.

What are the best apartments in Riverside, CA?
What type of rental buildings are in Riverside, CA?

In Riverside, 43% of the residents are renting compared to 57% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 16% of Riverside's rentals, 52% are small-scale complexes with under 50 units, and 31% are single-family rentals.

Your search for apartments in Riverside, CA under $500 stops here

Finding apartments for rent in Riverside, CA for less than $500 has never been so easy! At RentCafe nice cheap apartments are just one click away. There are currently 6 available units in Riverside, CA, renting for under $500. On average, $500 can get you 3,752 Sqft in this area. Be sure to search for the apartment that is best for you. Under “More”, check the amenities that you consider a must-have, and don’t forget to look at the pet policy. Fitness enthusiasts can even check the Fitness Center box. Whether you are looking for studio apartments, 1 bedroom apartments, 2 bedroom apartments or 3 bedroom apartments, you are sure to find one that will make you want to move in right away.

We’ll help you find the best rental near you

Having to compromise on either price or location can turn your “apartments near me under $500” search into a nightmare. At RentCafe we recognize the importance of both. Therefore, we offer a variety of filters that can help you find exactly what you want. Sorting the results by rent, ascending, will make the cheapest units show up first on the list. Try it out! You will find that right now the cheapest apartment under $500 in Riverside, CA goes for $500 per month. If some of the results are outside the area of your choice, you can go to the left side of the screen and draw a radius or a polygon around your location. Now you will only see results that are relevant to you.