Best Affordable Neighborhoods in Riverside, CA
Some of the cheapest neighborhoods in Riverside are Wood Streets, Grand, and Eastside. These neighborhoods offer some of the lowest rent prices in Riverside, making them ideal for renters on a budget. As of December 24, 2025, the average rent in Riverside is $1,858, which is 0.5% higher than last year. However, it's important to remember that rental prices can vary significantly based on factors such as location, amenities, and floor plans.
Wood Streets
Average Rent
$1,745/Month
Year-Over-Year Rent Change
1.3%
TransitScore® Rating
40/100
Units Available
10 Rentals
Wood Streets is a historic neighborhood in Riverside, known for its charming homes and picturesque tree-lined streets. The nearby Riverside Metropolitan Museum offers residents a glimpse into local history and culture. Renters will appreciate the area's suburban feel, with convenient access to schools and parks.
Grand
Average Rent
$1,758/Month
Year-Over-Year Rent Change
3.5%
TransitScore® Rating
27/100
Units Available
11 Rentals
Grand offers a lovely atmosphere with spacious homes, ideal for those seeking a suburban lifestyle. The neighborhood features the California Citrus State Historic Park, where residents can enjoy the area's natural beauty and citrus heritage. Renters will appreciate its proximity to downtown Riverside and convenient access to shopping centers.
Eastside
Average Rent
$1,760/Month
Year-Over-Year Rent Change
2.2%
TransitScore® Rating
41/100
Units Available
26 Rentals
Eastside is a conveniently located neighborhood in Riverside, offering a perfect blend of residential charm and commercial convenience just minutes from downtown. The Fox Performing Arts Center stands as a cultural highlight, providing diverse entertainment. Renters will appreciate the easy access to parks, top schools, and a variety of shopping centers.
Riverside Airport
Average Rent
$1,847/Month
Year-Over-Year Rent Change
1.1%
TransitScore® Rating
18/100
Units Available
26 Rentals
Ramona features a blend of residential homes with easy access to local schools, parks, and shopping centers. The Riverside Metropolitan Museum offers residents a cultural touchpoint, enriching the area's appeal. Renters will appreciate the suburban atmosphere and the convenience of being close to downtown Riverside.
Arlanza
Average Rent
$1,859/Month
Year-Over-Year Rent Change
1.7%
TransitScore® Rating
28/100
Units Available
32 Rentals
Arlanza is a beauty of a neighborhood in Riverside, known for its affordable housing and welcoming community atmosphere. The nearby Martha McLean-Anza Narrows Park provides residents with a scenic spot for outdoor activities. Renters will benefit from easy access to local schools, parks, and various shopping options.
Jefferson Square
Average Rent
$1,946/Month
Units Available
11 Rentals
Jefferson Square is a top choice for budget-conscious renters for a variety of reasons. The average rent in Jefferson Square is $1,946 while the city average is $1,858. Residents enjoy convenient access to Arlington Square, Mary Vagle Nature Center, and California Baptist University.
White Oak
Average Rent
$1,962/Month
TransitScore® Rating
42/100
Units Available
10 Rentals
When you’re looking for a great Riverside neighborhood on a budget, check out White Oak. The average rent is $1,962, compared to the city average of $1,858. White Oak is convenient to Ontario International, California Baptist University, and Louis Robidoux Nature Center. The community is somewhat walkable with a WalkScore® of 64.
Ramona
Average Rent
$1,968/Month
Year-Over-Year Rent Change
0.4%
TransitScore® Rating
33/100
Units Available
49 Rentals
Ramona is an affordable neighborhood in Riverside with an average rent price of $1,968. Compare this to the city average of $1,858. In the past year, rent prices have increased by 0.4%. Ramona provides easy access to Adams Plaza, UCR Botanic Gardens, and Indiana Monroe Auto Service Center. It’s a somewhat walkable neighborhood with a WalkScore® of 59.
Magnolia Center
Average Rent
$1,980/Month
Year-Over-Year Rent Change
1.4%
TransitScore® Rating
40/100
Units Available
40 Rentals
If you’re looking for a great, affordable neighborhood in Riverside, Magnolia Center might be the perfect place! It has an average rent price of $1,980, while the city’s average stands at $1,858. In the last year, prices have increased by 1.4%. Magnolia Center is near La Sierra University, Hidden Valley Nature Center, and UCR Botanic Gardens.
Magnolia Fields
Average Rent
$2,057/Month
Units Available
21 Rentals
Magnolia Fields is a top choice for budget-conscious renters for a variety of reasons. The average rent in Magnolia Fields is $2,057 while the city average is $1,858. Residents enjoy convenient access to Mary Vagle Nature Center, Louis Robidoux Nature Center, and Indiana Monroe Auto Service Center.
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Methodology
Transit Score measures access to public transit. Scores range from 0 (minimal transit) to 100 (rider’s paradise). Learn more about the Transit Score methodology. Rental data is sourced from CoStar Group’s Market Trend reports. As a leading authority in commercial real estate information, analytics, and news, CoStar performs in-depth research to build and sustain an extensive database of commercial real estate insights.
We've combined this data with public records to provide the most current rental information available.