164 Cheap Apartments for rent in Irvine, CA

Last updated July 21 at 7:57am UTC
44 Calavera
Westpark
Irvine, CA
Updated July 21 at 6:45am UTC
1 Bedroom
$900
2210 Scholarship
Irvine Business Complex
Irvine, CA
Updated July 21 at 6:45am UTC
1 Bedroom
$1,900
22 Exeter
University Town Center
Irvine, CA
Updated July 20 at 6:38pm UTC
1 Bedroom
$1,950
288 Streamwood
Northwood
Irvine, CA
Updated July 17 at 2:49pm UTC
1 Bedroom
$1,800
2901 Ladrillo Aisle
Westpark
Irvine, CA
Updated July 17 at 9:27am UTC
1 Bedroom
$1,850
4061 ESCUDERO
Northwood
Irvine, CA
Updated July 15 at 2:50am UTC
1 Bedroom
$1,500
1358 Scholarship
Irvine Business Complex
Irvine, CA
Updated July 13 at 6:53pm UTC
1 Bedroom
$1,900
1106 Scholarship
Irvine Business Complex
Irvine, CA
Updated July 12 at 3:06am UTC
1 Bedroom
$1,950
15325 Montpellier Avenue
El Camino Real
Irvine, CA
Updated July 8 at 10:50pm UTC
1 Bedroom
$850
138 Stanford Court
University Town Center
Irvine, CA
Updated July 3 at 9:44am UTC
3 Bedrooms
$1,300
82 Streamwood
Northwood
Irvine, CA
Updated July 9 at 9:14am UTC
2 Bedrooms
$1,795

July 2018 Irvine Rent Report

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

View full Irvine Rent Report
Rent Report
Irvine

July 2018 Irvine Rent Report

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

Irvine rents increased significantly over the past month

Irvine rents have increased 0.5% over the past month, and have increased moderately by 2.9% in comparison to the same time last year. Currently, median rents in Irvine stand at $2,090 for a one-bedroom apartment and $2,690 for a two-bedroom. Irvine's year-over-year rent growth leads the state average of 2.1%, as well as the national average of 1.4%.

Rents rising across the Los Angeles Metro

Throughout the past year, rent increases have been occurring not just in the city of Irvine, but across the entire metro. Of the largest 10 cities that we have data for in the Los Angeles metro, 9 of them have seen prices rise. Here's a look at how rents compare across some of the largest cities in the metro.

  • Lancaster has seen the fastest rent growth in the metro, with a year-over-year increase of 4.9%. The median two-bedroom there costs $1,760, while one-bedrooms go for $1,370.
  • Over the past year, Huntington Beach is the only city in the metro that has seen rents fall, with a decline of 1.0%. Median two-bedrooms there cost $2,340, while one-bedrooms go for $1,820.
  • Irvine has the most expensive rents of the largest cities in the Los Angeles metro, with a two-bedroom median of $2,690; rents grew 0.5% over the past month and 2.9% over the past year.
  • Los Angeles proper has the least expensive rents in the Los Angeles metro, with a two-bedroom median of $1,750; rents were up 0.2% over the past month and 1.6% over the past year.

Many large cities nationwide show more affordable rents compared to Irvine

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

  • Rents increased moderately in other cities across the state, with California as a whole logging rent growth of 2.1% over the past year. For example, rents have grown by 1.7% in San Jose, 1.0% in San Francisco, and 1.0% in San Diego.
  • Irvine's median two-bedroom rent of $2,690 is above the national average of $1,180. Nationwide, rents have grown by 1.4% over the past year compared to the 2.9% increase in Irvine.
  • While Irvine's rents rose moderately over the past year, some cities nationwide saw decreases, including Seattle (-2.0%) and DC (-0.1%).
  • Renters will generally find more expensive prices in Irvine than most large cities. For example, Houston has a median 2BR rent of $1,030, where Irvine is more than two-and-a-half times 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 0.2% 1.6%
Long Beach $1,370 $1,770 -0.0% 2.1%
Anaheim $1,620 $2,080 -0.3% 1.7%
Santa Ana $1,440 $1,840 -0.4% 0.8%
Irvine $2,090 $2,690 0.5% 2.9%
Glendale $1,410 $1,810 0.9% 2.8%
Huntington Beach $1,820 $2,340 -0.7% -1.0%
Santa Clarita $2,000 $2,570 0.2% 4.1%
Lancaster $1,370 $1,760 0.3% 4.9%
Palmdale $1,570 $2,020 0.5% 2.4%
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.