Updated 5 Hours Ago
Location
8903 Penny Dr, Riverside, CA 92503, USA|Arlanza
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Property Overview
Penny Dr (8903) earns a strong 8.3/10 overall rating, with especially excellent value, strong amenities, and a highly convenient location. It’s also close to top-rated schools and stands out as a well-rounded option with transparent property details and solid everyday appeal.
This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Things you’ll love” are based on our internal analyses of market trends and renter insights.
Things you’ll love
Elementary school nearby- High school nearby
Floor plans
| 2BR/1.0BA | 2 bed | 1 bath | 747 sqft | $2,195 /mo | 1 unit available | Cute 2bedroom/1 bath adu* Nice open floor plan*Private backyard *Close to school and shopping. |
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Policies and fees
Applicants
Applicants
One-time.
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REQUIRED FEES
Security Deposit
One-time. Refundable.
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Building details
Property details
| Units | 2 |
|---|
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About Penny Dr (8903)
Cute 2bedroom/1 bath adu* Nice open floor plan*Private backyard *Close to school and shopping.
Zumper Expert Rating
Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.3
/10
Very GoodWith a solid 8.3 out of 10 overall, Penny Dr (8903) is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Penny Dr (8903) has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
Penny Dr (8903) offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·8A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
With multiple in-demand amenities, Penny Dr (8903) is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Penny Dr (8903) is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While Penny Dr (8903) does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·7A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
Penny Dr (8903) provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How Penny Dr (8903) compares to other nearby properties.
Positives
- Elementary school nearby
- There is an elementary school 0.1 mile away
- High school nearby
- There is a high school 0.3 mile away
Considerations
- Greater distance from middle schools
- The nearest middle school is farther than 1 mile away
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Rent trends in Arlanza
2-bedroom apartments at Penny Dr (8903) cost about 0% less than the average rent price for 2-bedroom apartments in Arlanza.
Median rents as of Aug 1 2026.
Arlanza
Riverside
| Month | Median Rent |
|---|---|
| August 2024 | $1,762 |
| September 2024 | $1,770 |
| October 2024 | $1,761 |
| November 2024 | $1,783 |
| December 2024 | $1,805 |
| January 2025 | $1,808 |
| February 2025 | $1,806 |
| March 2025 | $1,779 |
| April 2025 | $1,774 |
| May 2025 | $1,765 |
| June 2025 | $1,769 |
| July 2025 | $1,756 |
| August 2025 | $1,751 |
| September 2025 | $1,729 |
| October 2025 | $1,720 |
| November 2025 | $1,703 |
| December 2025 | $1,729 |
| January 2026 | $1,748 |
| February 2026 | $1,799 |
| March 2026 | $1,712 |
| April 2026 | $1,700 |
| May 2026 | $1,743 |
| June 2026 | $1,784 |
| July 2026 | $1,797 |
| August 2026 | $1,799 |
| Month | Median Rent |
|---|---|
| August 2024 | $1,695 |
| September 2024 | $1,752 |
| October 2024 | $1,801 |
| November 2024 | $1,807 |
| December 2024 | $1,753 |
| January 2025 | $1,745 |
| February 2025 | $1,762 |
| March 2025 | $1,723 |
| April 2025 | $1,706 |
| May 2025 | $1,702 |
| June 2025 | $1,812 |
| July 2025 | $1,801 |
| August 2025 | $1,814 |
| September 2025 | $1,832 |
| October 2025 | $1,860 |
| November 2025 | $1,860 |
| December 2025 | $1,860 |
| January 2026 | $1,825 |
| February 2026 | $1,840 |
| March 2026 | $1,807 |
| April 2026 | $1,784 |
| May 2026 | $1,710 |
| June 2026 | $1,771 |
| July 2026 | $1,812 |
Affordability calculator
Can I afford to live at 8903 Penny Dr?
Bedrooms
2 bedroomsRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$87,800/yr
With your selected rent-to-income ratio, you'd ideally want to make $87,800 annually to afford this 2-bedrooms monthly rent price of $2,195.
For more information on rent affordability, visit our rent calculator.
Schools near Penny Dr (8903)
Terrace Elementary School
6601 rutland st
riverside, CA, 92503
K-5Public
C+
California School For The Deaf-Riverside
3044 horace st
riverside, CA, 92506
K-12Public
Del Sol Academy
11626 forsythia st
jurupa valley, CA, 91752
K-8Public
C+
Riverside County Special Education
3939 13th st
riverside, CA, 92502
K-12Public
Park View Elementary
4860 s celebration ave
ontario, CA, 91761
K-6Public
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Internet available near Penny Dr (8903)
Getting around Riverside near 8903 Penny Dr
Walking
5/10
Some shops and stores are within a few minutes.
Driving
8/10
This area is close to freeways and has adequate parking options.
Cycling
6/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.
Transit
4/10
There are a few mass transit options within the area.
Points of interest for 8903 Penny Dr, Riverside
Groceries
8/10
At least one grocery store within a few minutes' walk
Shopping
5/10
Some shops within walking distance
Cafes
4/10
Few or no cafés within walking distance
Restaurants
5/10
Some restaurants within walking distance
Primary schools
9/10
At least one elementary school within a 5-minute walk
High schools
8/10
At least one high school within a 10-minute walk
Parks
8/10
Large amount of park space nearby
Nightlife
2/10
Few or no bars within walking distance
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