191 Luxury Apartments for rent in Irvine, CA

Last updated November 23 at 3:58pm UTC
108 Chantilly
Woodbury
Irvine, CA
Updated November 23 at 11:33am UTC
3 Bedrooms
$2,800
23 Alassio
Northwood
Irvine, CA
Updated November 23 at 11:33am UTC
2 Bedrooms
$2,700
33 Latitude
Portola Springs
Irvine, CA
Updated November 17 at 10:24am UTC
4 Bedrooms
$3,350
233 Borrego
Portola Springs
Irvine, CA
Updated November 3 at 2:53am UTC
4 Bedrooms
$3,600
45 Midnight Sky
Woodbury
Irvine, CA
Updated November 12 at 2:10am UTC
3 Bedrooms
$4,000
102 Baritone
Woodbury
Irvine, CA
Updated November 13 at 9:45am UTC
3 Bedrooms
$3,145
17 Hathaway
Northwood
Irvine, CA
Updated November 23 at 12:08pm UTC
4 Bedrooms
$3,700
3 Perryville
Northwood
Irvine, CA
Updated November 23 at 11:33am UTC
4 Bedrooms
$3,600
64 Eclipse
Woodbury
Irvine, CA
Updated November 23 at 11:33am UTC
5 Bedrooms
$5,198
569 Rockefeller
Irvine Business Complex
Irvine, CA
Updated November 23 at 11:34am UTC
2 Bedrooms
$3,090
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November 2017 Irvine Rent Report

Welcome to the November 2017 Irvine Rent Report. 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

November 2017 Irvine Rent Report

Welcome to the November 2017 Irvine Rent Report. In this report, we'll evaluate trends in the Irvine rental market, including comparisons to cities throughout the metro, state, and nation.

Irvine rents increase sharply over the past month

Irvine rents have increased 0.8% over the past month, and have increased significantly by 5.4% in comparison to the same time last year. Currently, median rents in Irvine stand at $2,110 for a one-bedroom apartment and $2,710 for a two-bedroom. This is the fifth straight month that the city has seen rent increases after a decline in May. Irvine's year-over-year rent growth leads the state average of 4.3%, as well as the national average of 2.7%.

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.

  • Los Angeles proper has seen rents fall by 0.2% over the past month, the biggest drop in the metro. It also has the least expensive rents in the Los Angeles metro, with a two-bedroom median of $1,730.
  • Garden Grove has seen the fastest rent growth in the metro, with a year-over-year increase of 10.9%. The median two-bedroom there costs $2,100, while one-bedrooms go for $1,640.
  • Irvine has the most expensive rents of the largest cities in the Los Angeles metro, with a two-bedroom median of $2,710; rents were up 0.8% over the past month and 5.4% over the past year.

Many large cities nationwide show more affordable rents compared to Irvine

As rents have increased significantly 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 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 4.0% in San Diego, 3.0% in San Jose, and 1.8% in San Francisco.
  • Irvine's median two-bedroom rent of $2,710 is above the national average of $1,160. Nationwide, rents have grown by 2.7% over the past year compared to the 5.4% increase in Irvine.
  • While Irvine's rents rose significantly over the past year, some cities nationwide saw decreases, including DC (-0.6%) and New York (-0.2%).
  • Renters will generally find more expensive prices in Irvine than most large cities. For example, Houston has a median 2BR rent of $1,010, 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 $1,350 $1,730 -0.2% 3.9%
Long Beach $1,360 $1,740 0.4% 4.4%
Anaheim $1,620 $2,080 0.4% 5.4%
Santa Ana $1,440 $1,860 0.8% 6.5%
Irvine $2,110 $2,710 0.8% 5.4%
Glendale $1,370 $1,770 0.3% 0.8%
Huntington Beach $1,860 $2,390 0.7% 3.0%
Santa Clarita $1,950 $2,510 0.5% 7.1%
Garden Grove $1,640 $2,100 10.9%
Pasadena $1,610 $2,070 0.4% -0.5%
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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.