Average Rent in Riverside, CA

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Current Versus Historical Riverside, CA Rents

Riverside rentals average $1,550 for a studio rental to $3,600 for a 4-bedroom rental. The median price of all currently available listings is $2,875, or roughly $2 per square feet.
For the apartment units and housing in May 2024, median rents have risen substantially over the last year. Studio rentals prices have decreased by $3 (-0.21%) year-over-year from $1,603 to $1,600. 1-bedroom rentals prices have increased by $392 (23.68%) year-over-year from $1,656 to $2,048. 2-bedroom rentals prices have increased by $488 (24.13%) year-over-year from $2,023 to $2,512. 3-bedroom rentals prices have increased by $513 (18.45%) year-over-year from $2,782 to $3,295. 4-bedroom rentals prices have increased by $252 (7.75%) year-over-year from $3,248 to $3,500. Note that this figure includes all active and rented listings throughout the month.
Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone down by 5.28% this month. 1-bedroom rents have gone up by 9.85% this month. 2-bedroom rents have gone up by 5.25% this month. 3-bedroom rents have gone up by 10.51% this month. 4-bedroom rents have gone down by 1.87% this month.
Beds
Price / Sqft
May 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $2.95 $1,600 $1,603 (-0.21%) $47 (3,304.26%)
1 BR $2.81 $2,048 $1,656 (23.68%) $2,010 (1.89%)
2 BR $2.42 $2,512 $2,023 (24.13%) $2,516 (-0.17%)
3 BR $1.99 $3,295 $2,782 (18.45%) $2,317 (42.23%)
4+ BR $1.61 $3,500 $3,248 (7.75%) $2,808 (24.63%)

Historical Rents in Riverside, CA

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Riverside

There are a total of 1 cities nearby Riverside. The average rent in Riverside is currently $2,824 per month. Only one city nearby has an average rent lower than that. Our records show that Rancho Cucamonga, CA, with an average rent of $2,824, is the most affordable city nearby. In contrast, the most expensive city near Riverside, CA is Rancho Cucamonga, CA. Monthly rents here are on average $2,824 per month.

Let's compare Riverside, CA's rent against other top cities nearby by bedroom size. One bedrooms are about 10.11% more affordable. Two bedrooms in Riverside, CA are about 5.90% more affordable. Finally, rent for three bedrooms are about 4.55% more expensive. Want more information? Check out the top 1 cities near Riverside, CA in the following chart.
City Studio 1 Bed 2 Bed All
Rancho Cucamonga, CA N/A $2,255 $2,745 $2,824

Top Neighborhoods Near Riverside



View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All

Top Counties Near Riverside



We've listed all of these counties in the chart below.
County Studio 1 Bed 2 Bed All

Top Zipcodes Near Riverside



You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All

Frequently Asked Questions - Riverside Average Rents

What is the average rent price in Riverside, CA?
The average monthly rental price for Riverside, CA apartments for rent is approximately $2,875. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do Riverside, CA rent prices drop in winter?
Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in Riverside, CA.
How much is a studio apartment in Riverside, CA?
The average monthly rental price for studio apartments is $1,550 and an average price per square feet of $2.95. There are a total of 3 studio apartment listings currently available for rent in Riverside.
How much is a one bedroom apartment in Riverside, CA?
The average monthly rental price for one bedroom apartments is $2,048 and an average price per square feet of $2.81. There are a total of 13 one bedroom apartment listings currently available for rent in Riverside.
How much is a two bedroom apartment in Riverside, CA?
The average monthly rental price for two bedroom apartments is $2,592 and an average price per square feet of $2.42. There are a total of 5 two bedroom apartment listings currently available for rent in Riverside.
How have rent prices in Riverside, CA changed this year?
Rent prices for rentals in Riverside, CA can fluctuate yearly. Specifically, studio rental prices have changed by 0.00%, one bedroom rental prices have changed by 0.24%, two bedroom rental prices have changed by 0.24%, and three bedroom rental prices have changed by 0.18% year-over-year.
What is a reasonable rent price in Riverside, CA?
A reasonable rent price in Riverside, CA is around $2,300/month. You can search for these reasonably priced rental listings on RentHop.
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