Riverside, CA Rental Market Trends
The average rent for an apartment in Riverside is $1,665, a 4% increase compared to the previous year.
Average Rent in Riverside, CA
|Average Rent||Y-o-Y Change||Average Apartment Size|
|$1,665||4%||847 sq. ft.|
The average size for a Riverside, CA apartment is 847 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Riverside, CA Apartment Rent Ranges
- > $2,00016%
Riverside, CA Occupied Housing Units
- Renter-occupied Households27%
- Owner-occupied Households72%
24,854 or 27% of the households in Riverside, CA are renter-occupied while 66,012 or 72% are owner-occupied.
Riverside, CA Rent Trends
|Nov / 2017||Mar / 2018||Jul / 2018||Nov / 2018||Mar / 2019||Jul / 2019||Oct / 2019||Nov / 2019||Mar / 2020||Jul / 2020||Oct / 2020|
Average Rent in Riverside, CA By Neighborhood
|Sycamore Canyon - Canyon Springs||$1,774|
|Sycamore Canyon Park||$1,773|
|La Sierra Acres||$1,765|
|La Sierra Hills||$1,765|
|La Sierra South||$1,514|
The most affordable neighborhoods in Riverside are Downtown Riverside, where the average rent goes for $1,359/month, Northside Riverside, where renters pay $1,359/mo on average, and Hawarden Hills, where the average rent goes for $1,386/mo. If you’re looking for other great deals, check out the listings from Victoria ($1,386), Wood Streets ($1,386), and Grand ($1,408), where the asking prices are below the average Riverside rent of $1,665/mo.
The most expensive neighborhoods in Riverside are University ($1,773), Sycamore Canyon - Canyon Springs ($1,774) and Orangecrest ($1,787).
The most popular neighborhood in Riverside is University, where there are 7 verified RENTCafé listings with an average rent of $1,773. Next up is Canyon Crest, where apartments go for $1,754/month, followed by La Sierra with $1,765 If you’re looking to rent in Riverside’s most popular neighborhoods, make sure to also check out Magnolia Center, where renters pay $1,416 on average, and Arlanza, where the average monthly rent is $1,514.
Riverside | Rent Comparison by Neighborhood
Rent in Airport is 10% lower than in Alessandro Heights
Airport rent is 11% lower than Riverside average
Alessandro Heights rent is 2% lower than Riverside average
How Riverside Compares to Other Cities
|Average Rent||Y-o-Y Change|
For more information about the Riverside rental trends, check out our monthly rent report
Curious about listings in your area? Check out our apartments near you for more details!