Raincross Promenade
3250 Market St,
Riverside, CA 92501
$2,415 - $3,645
1-3 Beds
A hip downtown district and artistic hub, Downtown Riverside carries urban appeal in a desert-like climate, located just 55 miles east of Los Angeles. Summer temperatures can hit 112 degrees, but the heat doesn’t slow down this vibrant neighborhood. A part of the Inland Empire region, Downtown Riverside holds a proud motto, "The art of the city." Fans of the arts head to local galleries to view stunning exhibits and watch film screenings at the University of California Riverside's Artsblock. The city also provides locals with a wide range of shopping choices, and renowned restaurants draw brimming crowds that celebrate the neighborhood's hip, youthful vibe. Outdoor enthusiasts take advantage of fantastic hiking at Mount Rubidoux. Trendy apartments are available for rent in Downtown Riverside at an affordable rate.
As of March 2026, the average apartment rent in Downtown Riverside is $1,362 for a studio, $1,964 for one bedroom, $2,663 for two bedrooms, and $3,337 for three bedrooms. Apartment rent in Downtown Riverside has decreased by -0.2% in the past year.
Studio
463 sq ft
Average Sq Ft
$1,362/month
Average Rent
1 BR
687 sq ft
Average Sq Ft
$1,964/month
Average Rent
2 BR
1,100 sq ft
Average Sq Ft
$2,663/month
Average Rent
3 BR
1,502 sq ft
Average Sq Ft
$3,337/month
Average Rent
Explore how walkable, bikeable, drivable, and transit-friendly Downtown Riverside - Riverside, CA is for everyday living.
Very Walkable
If you enjoy walking, you’ll enjoy renting in this area! It’s a very walkable neighborhood.
Some Transit
You'll likely want a car when living in this area since it has few transit options.
Bikeable
While there’s some bike infrastructure in this area, you’ll still need a car for many errands.
Current Resident
7 years and 10 months ago•Niche Review
Downtown Riverside has several attractions that are seasonal, such as the Festival of Lights at the Mission Inn, a historical hotel, with delicious food and drinks to enjoy while looking at the colorful lights at night. It also has an art gallery that many can enjoy to look at for free.
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† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.