201 Luxury Apartments for rent in Irvine, CA

Last updated May 27 at 3:05pm UTC
16 Oroville
Lower Peters Canyon
Irvine, CA
Updated May 27 at 1:41pm UTC
3 Bedrooms
$4,700
56 Brindisi
Laguna Altura
Irvine, CA
Updated May 27 at 1:41pm UTC
3 Bedrooms
$3,900
17 Honeydew
Quail Hill
Irvine, CA
Updated May 27 at 1:41pm UTC
4 Bedrooms
$3,950
87 Twin Gables
Woodbury
Irvine, CA
Updated May 27 at 1:41pm UTC
3 Bedrooms
$3,750
40 Sequoia Tree Lane
University Park
Irvine, CA
Updated May 27 at 1:41pm UTC
3 Bedrooms
$3,150
65 Mapleton
Woodbury
Irvine, CA
Updated May 27 at 1:41pm UTC
4 Bedrooms
$6,950
2473 Scholarship
Irvine Business Complex
Irvine, CA
Updated May 27 at 1:41pm UTC
2 Bedrooms
$2,850
9 Hancock
Northwood
Irvine, CA
Updated May 27 at 1:41pm UTC
4 Bedrooms
$4,000
101 Prone
Orange County Great Park
Irvine, CA
Updated May 27 at 1:41pm UTC
4 Bedrooms
$4,800
93 Coleridge
Woodbury
Irvine, CA
Updated May 27 at 1:41pm UTC
4 Bedrooms
$3,850
16 Senisa
University Park
Irvine, CA
Updated May 27 at 1:41pm UTC
3 Bedrooms
$3,500
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May 2018 Irvine Rent Report

Welcome to the May 2018 Irvine Rent Report. Irvine rents declined 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

May 2018 Irvine Rent Report

Welcome to the May 2018 Irvine Rent Report. Irvine rents declined 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 declined slightly over the past month

Irvine rents have declined 0.2% over the past month, but have increased moderately by 2.6% in comparison to the same time last year. Currently, median rents in Irvine stand at $2,080 for a one-bedroom apartment and $2,680 for a two-bedroom. This is the sixth straight month that the city has seen rent decreases after an increase in October of last year. Irvine's year-over-year rent growth leads the state average of 2.1%, as well as the national average of 1.5%.

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, 8 of them have seen prices rise. Here's a look at how rents compare across some of the largest cities in the metro.

  • Garden Grove has seen the fastest rent growth in the metro, with a year-over-year increase of 5.3%. The median two-bedroom there costs $2,100, while one-bedrooms go for $1,630.
  • Over the past year, Huntington Beach has seen the biggest rent drop in the metro, with a decline of 0.2%. Median two-bedrooms there cost $2,380, while one-bedrooms go for $1,850.
  • Lancaster has the least expensive rents in the Los Angeles metro, with a two-bedroom median of $1,740; rents decreased 0.1% over the past month but were up 5.1% over the past year.
  • Irvine has the most expensive rents of the largest cities in the Los Angeles metro, with a two-bedroom median of $2,680; rents fell 0.2% over the past month but rose 2.6% over the past year.

Many large cities nationwide show more affordable rents compared to Irvine

As rents have increased moderately in Irvine, 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, 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 2.4% in San Jose, 1.9% in San Diego, and 1.3% in San Francisco.
  • Irvine's median two-bedroom rent of $2,680 is above the national average of $1,170. Nationwide, rents have grown by 1.5% over the past year compared to the 2.6% increase in Irvine.
  • While Irvine's rents rose moderately over the past year, the city of DC saw a decrease of 0.2%.
  • Renters will generally find more expensive prices in Irvine than most large cities. For example, Houston has a median 2BR rent of $1,020, 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 $1,740 0.1% 2.1%
Long Beach $1,370 $1,760 -0.1% 2.0%
Anaheim $1,640 $2,110 -0.3% 3.8%
Santa Ana $1,450 $1,860 -0.6% 1.8%
Irvine $2,080 $2,680 -0.2% 2.6%
Glendale $1,380 $1,770 0.8% -0.0%
Huntington Beach $1,850 $2,380 -0.9% -0.2%
Santa Clarita $1,980 $2,550 1.0% 4.8%
Garden Grove $1,630 $2,100 -0.1% 5.3%
Lancaster $1,350 $1,740 -0.1% 5.1%
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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.