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Rentals in Magnolia Center, Riverside
About Renting in Magnolia Center
About Riverside: Magnolia Center is a neighborhood in Riverside. Riverside is a city in and the county seat of Riverside County, California, United States. It is named for its location beside the Santa Ana River in Southern California. It is the most populous city in the Inland Empire and Riverside County, 12th-most populous city in California, and 62nd-most populous city in the U.S. with a population of 314,998 at the 2020 census. The Riverside–San Bernardino metropolitan area at 4.74 million residents is the 12th-largest metropolitan area in the nation. Riverside is about 50 miles (80 km) east of downtown Los Angeles and is also part of the Greater Los Angeles area.
Magnolia Center is a popular neighborhood in Riverside, CA for renters. Browse available rentals to find your next home in this neighborhood.
Riverside Rental Market
Riverside Rental Pulse
Topfind Market Read
Landlords hold the edge right now. The typical rental leases in about 24 days, and 80% of current listings are under 30 days old. At the same time, supply sits at 5.5 months, roughly in step with demand, and leasing volume is down 28% versus six months ago, so the market is not running away from renters. Landlords have the stronger hand, though renters who move quickly can still land a fair deal.
Median Rent
$3,200/mo
↑ 3% over the past yearChart shows the median closed lease rate by month
Months of Rental Inventory
Estimated time to lease all rentals at the current leasing pace
5.5 months of supply
Balanced Supply111 active rentals currently on the market.
What this means for renters
Rental supply and demand are roughly in step, with a steady flow of options and no glut. Rentals typically lease in ~24 days.
Rental Velocity
How fast rentals are leasing
Rentals are leasing quickly, so be prepared to apply fast when you find a good fit. Leasing is 56% faster than six months ago.
Rental Inventory Distribution
Most current rental listings are under 30 days old, so the mix skews toward fresh inventory.
Affordability Snapshot
Typical rent
$3,200/mo
Median rent
Affordable budget (30%)
$2,214/mo
Based on median income
Median household income
$7,381/mo
Riverside
Typical rent costs about 43% of the median household's income.
The standard recommendation is to spend ≤30% of income on rent.
Income needed to afford typical rent comfortably
$128K/year
Assumes rent ≤30% of income
Median Rent by Bedroom
Rent increases significantly with bedroom count, with larger units commanding premium prices.
Each additional bedroom adds about $712/mo to rent on average.
Rent Reductions
29 listings have reduced their rent
26% of active listings
Average reduction: 13.2% (~$422/mo)
Nearby Neighborhoods
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