Average Rent in Riverside, CA↓ Rents falling 4.5% YoY

Riverside, CA has rental prices ranging from $1,605/month to $3,336/month in 2027, depending on unit size. The typical 1-bedroom apartment rents for $1,705/month — 22% above the national average of $1,400/month. With a median household income of $86,031/year, spending $1,705/month on a 1-bedroom represents 24% of gross income — within the recommended 30% threshold.

How Riverside Compares

With an average 2-bedroom rent of $2,103/month, Riverside ranks #18 most expensive of the 52 cities tracked in California — pricier than 98% of all US cities in our data.

The Riverside Rental Market

The Riverside, CA area has a population of about 4,637,725 and 35% of households renting rather than owning. That is close to the US average renter share of ~34%.

Rent Trends

2-bedroom rents in Riverside, CA have fallen by $98/month (4.5%) over the past year, from $2,201 to $2,103. This slight decline is consistent with broader market corrections seen across US rental markets.

Affordability

To afford a 1-bedroom apartment in Riverside, CA without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $68,200. The local median household income of $86,031 exceeds that threshold by $17,831, making Riverside relatively accessible compared to local wages.

Rent vs. Buy

The median home value in Riverside, CA is $641,514, giving a price-to-rent ratio of 25.4. With a break-even horizon of approximately 25 years, renting is likely the more financially prudent option for most residents unless they plan to stay long-term.

Neighborhoods

Home values — and by extension rent levels — vary significantly across Riverside's neighborhoods. Among the highest-value areas are Eastside ($517,336 median home value), Hunter Industrial Park ($521,686 median home value), Arlington ($552,020 median home value). Rental prices typically follow home value patterns, with premium neighborhoods commanding higher rents than outer areas. Renters on a tighter budget may find better value in less central neighborhoods or in adjacent metros with lower overall rent levels.

Is Riverside, CA Affordable?

Income needed to rent or buy, price history, and how this city compares to nearby metros.

Rent or Buy in Riverside?

Break-even analysis and mortgage estimates based on local market data.

Living in Riverside

Cost of living, job market, crime rates, and moving cost estimates.