2 Apartments under 1400 for rent in Fountain Valley, CA

Last updated January 19 at 1:51am UTC
10237 Kings River Court
Fountain Valley
Fountain Valley, CA
Updated January 19 at 1:51am UTC
1 Bedroom
$875
Results within 1 miles of Fountain Valley, CA
15662 Wilson Street
Westminster
Midway City, CA
Updated January 9 at 5:00am UTC
1 Bedroom
$1,250
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January 2018 Fountain Valley Rent Report

Welcome to the January 2018 Fountain Valley Rent Report. Fountain Valley rents declined over the past month. In this report, we'll evaluate trends in the Fountain Valley rental market, including comparisons to cities throughout the metro, state, and nation.

View full Fountain Valley Rent Report
Rent Report
Fountain Valley

January 2018 Fountain Valley Rent Report

Welcome to the January 2018 Fountain Valley Rent Report. Fountain Valley rents declined over the past month. In this report, we'll evaluate trends in the Fountain Valley rental market, including comparisons to cities throughout the metro, state, and nation.

Fountain Valley rents declined over the past month

Fountain Valley rents have declined 0.1% over the past month, but are up significantly by 4.1% in comparison to the same time last year. Currently, median rents in Fountain Valley stand at $1,820 for a one-bedroom apartment and $2,340 for a two-bedroom. This is the third straight month that the city has seen rent decreases after an increase in September. Fountain Valley's year-over-year rent growth lags the state average of 4.3%, but exceeds the national average of 2.8%.

Rents rising across the Los Angeles Metro

Throughout the past year, rent increases have been occurring not just in the city of Fountain Valley, but across the entire metro. Of the largest 10 cities that we have data for in the Los Angeles metro, all of them have seen prices rise. Here's a look at how rents compare across some of the largest cities in the metro.

  • Long Beach has the least expensive rents in the Los Angeles metro, with a two-bedroom median of $1,700; the city has also seen rents fall by 2.7% over the past month, the biggest drop in the metro.
  • Garden Grove has seen the fastest rent growth in the metro, with a year-over-year increase of 8.8%. The median two-bedroom there costs $2,100, while one-bedrooms go for $1,630.
  • Irvine has the most expensive rents of the largest cities in the Los Angeles metro, with a two-bedroom median of $2,700; rents were up 6.2% over the past year but remained flat month-over-month.

Many large cities nationwide show more affordable rents compared to Fountain Valley

As rents have increased significantly in Fountain Valley, a few large cities nationwide have seen rents grow more modestly, or in some cases, even decline. Compared to most large cities across the country, Fountain Valley is less affordable for renters.

  • Rents increased significantly in other cities across the state, with California as a whole logging rent growth of 4.3% over the past year. For example, rents have grown by 3.3% in San Diego, 2.7% in San Jose, and 0.5% in San Francisco.
  • Fountain Valley's median two-bedroom rent of $2,340 is above the national average of $1,160. Nationwide, rents have grown by 2.8% over the past year compared to the 4.1% rise in Fountain Valley.
  • While Fountain Valley's rents rose significantly over the past year, the city of DC saw a decrease of 0.3%.
  • Renters will generally find more expensive prices in Fountain Valley than most large cities. For example, Phoenix has a median 2BR rent of $1,020, where Fountain Valley is more than twice that price.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.
City Median 1BR price Median 2BR price M/M price change Y/Y price change
Los Angeles $1,360 $1,750 1.3% 5.4%
Long Beach $1,320 $1,700 -2.7% 2.0%
Anaheim $1,610 $2,070 -0.5% 5.1%
Santa Ana $1,440 $1,850 -0.7% 6.1%
Irvine $2,100 $2,700 -0.0% 6.2%
Glendale $1,390 $1,780 0.3% 2.1%
Huntington Beach $1,820 $2,340 -1.3% 0.3%
Santa Clarita $1,930 $2,490 -0.5% 6.9%
Garden Grove $1,630 $2,100 3.0% 8.8%
Lancaster $1,340 $1,720 0.6% 8.3%
See more

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.