14 Hours Ago
Location
5530 Olivewood Ave, Riverside, CA 92506, USA|Wood Streets
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Floor plans
| B | 2 bed | 1 bath | $1,895 /mo | 1 unit available |
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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 | 12 |
|---|
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About Olivewood Apartments
Olivewood Apartments cost $1,895 per month. Located at 5530 Olivewood Ave, Riverside, CA 92506, USA, Olivewood Apartments has 2 bedroom units available. Based on the average rent price of 2 bedrooms in Riverside, renting an apartment at Olivewood Apartments is 16% cheaper per month.Other apartment buildings in or around Riverside include but are not limited to: 21495 Lemay Dr, 1234 W Blaine St, 8655 Arlington Ave, 3900 Fir Tree Dr
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 Olivewood Apartments compares to other nearby properties.
Positives
- High school nearby
- There is a high school 1 mile away
- Less expensive
- The 3-bedrooms are cheaper than other similar listings nearby
Considerations
- Greater distance from grade schools
- The nearest elementary school is farther than 0.5 mile away
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Rent trends in Wood Streets
2-bedroom apartments at Olivewood Apartments cost about 30% less than the average rent price for 2-bedroom apartments in Wood Streets.
Median rents as of Mar 7 2026.
Wood Streets
Riverside
| Month | Median Rent |
|---|---|
| March 2024 | $1,785 |
| April 2024 | $1,795 |
| May 2024 | $1,783 |
| June 2024 | $1,791 |
| July 2024 | $1,777 |
| August 2024 | $1,765 |
| 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 | $1,750 |
| Month | Median Rent |
|---|---|
| March 2024 | $1,756 |
| April 2024 | $1,685 |
| June 2024 | $1,550 |
| July 2024 | $1,550 |
| August 2024 | $1,797 |
| September 2024 | $1,719 |
| October 2024 | $1,737 |
| November 2024 | $1,716 |
| December 2024 | $1,700 |
| January 2025 | $1,700 |
| February 2025 | $1,700 |
| March 2025 | $1,700 |
| April 2025 | $1,700 |
| May 2025 | $1,719 |
| June 2025 | $1,740 |
| July 2025 | $1,764 |
| August 2025 | $1,753 |
| September 2025 | $1,803 |
| October 2025 | $1,728 |
| November 2025 | $1,710 |
| December 2025 | $1,762 |
| January 2026 | $1,700 |
Affordability calculator
Can I afford to live at 5530 Olivewood Ave?
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
$75,800/yr
With your selected rent-to-income ratio, you'd ideally want to make $75,800 annually to afford this 2-bedrooms monthly rent price of $1,895.
For more information on rent affordability, visit our rent calculator.
Schools near Olivewood Apartments
Riverside Virtual
3380 14th st
riverside, CA, 92501
K-12Public
B-
Alcott Elementary School
2433 central ave
riverside, CA, 92506
K-6Public
B+
Riverside County Special Education
3939 13th st
riverside, CA, 92502
K-12Public
California School For The Deaf-Riverside
3044 horace st
riverside, CA, 92506
K-12Public
Summit View Independent Study
6401 lincoln ave
riverside, CA, 92506
K-12Public
B+
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Internet available near Olivewood Apartments
Getting around Riverside near 5530 Olivewood Ave
Walking
6/10
Some shops and stores are within a few minutes.
Driving
10/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
5/10
More spots are within biking distance and some roads are cyclist-friendly.
Transit
7/10
Popular public transit options are just a short walk from this location.
Points of interest for 5530 Olivewood Ave, Riverside
Groceries
7/10
At least one grocery store within a 15-minute walk
Shopping
5/10
Variety of shops within walking distance
Cafes
3/10
Few or no cafés within walking distance
Restaurants
6/10
Some restaurants within walking distance
Primary schools
8/10
At least one elementary school within a 10-minute walk
High schools
7/10
At least one high school within a 20-minute walk
Parks
7/10
Moderate amount of park space nearby
Nightlife
2/10
Few or no bars within walking distance
Explore the area around 5530 Olivewood Ave
Trader Joe's
6225 Riverside Ave
Vons
3520 Riverside Plaza Dr
Ralphs
6155 Magnolia Ave
AK Market
6411 Brockton Ave
E & J Market & Liquor
4110 Victoria Ave
T R Sportswear
3288 Gibraltar Dr
Tilly's
3601 Riverside Plaza Dr
Carter's
3602 Riverside Plaza Dr
Lucky Feet Shoes
3540 Riverside Plaza Dr
Joe's Tailoring
6177 Magnolia Ave
Juice It Up!
3540 Riverside Plaza Dr
Starbucks
3520 Riverside Ave
International Coffee & Tea LLC
3545 Central Ave
The Coffee Bean & Tea Leaf
3545 Central Ave
Crave Coffee & Tea
3590 Central Ave
VIP Nightclub & Restaurant
3673 Merrill Ave
Islands Fine Burgers & Drinks
3645 Central Ave
Wax Lounge
6439 Brockton Ave
W Wolfskill
4281 Main St
Applebee's Grill + Bar
3820 Mulberry St
Edible
3540 Riverside Plaza Dr
Vons Bakery
3520 Riverside Plaza Dr
Nothing Bundt Cakes
3639 Riverside Plaza Dr
The Vitamin Shoppe
3660 Central Ave
The Fruit Man
4384 Tequesquite Ave
Evans Sports Complex
Newman Park
Ryan Bonaminio Park
Shamel Park
Dario Vasquez Park
Marie Callender's
3505 Merrill Ave
Market Broiler
3525 Merrill Ave
Pick Up Stix
3540 Riverside Plaza Dr
Se+Or Baja
6033 Magnolia Ave
Flame Broiler
6059 Magnolia Ave
Olivewood Ramona
Corona Hills Plz / La Cadena-Merced
Jurupa Colonial
Corona Hills Plz / La Cadena-Merced
Olivewood / Panorama
Corona Hills Plz / La Cadena-Merced
Magnolia Bandini
Hunter Park Metro-Galleria, Riverside / Downtown-Merced, W. Corona-UC Riverside
Magnolia Bandini
Hunter Park Metro-Galleria, W. Corona-UC Riverside, Riverside / Downtown-Merced
Riverside-Downtown
Metrolink 91-Perris Valley Line, Metrolink Inland Empire-Orange Cty Line, Metrolink Inland Empire-Orange Cty Line, Metrolink Riverside Line, Metrolink Riverside Line, Metrolink 91-Perris Valley Line
Riverside-Downtown Metrolink Station
Metrolink 91-Perris Valley Line, Metrolink Inland Empire-Orange County Line, Metrolink Riverside Line
Riverside-Hunter Park / UCR
Metrolink 91-Perris Valley Line, Metrolink 91-Perris Valley Line
Riverside-Hunter Park/UCR
Metrolink 91-Perris Valley Line
Jurupa Valley / Pedley
Metrolink Riverside Line, Metrolink Riverside Line
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