101 Apartments for rent in Mission Viejo, CA
📍Some amazing things happen accidentally, like penicillin and cheese whiz, but Mission Viejo, California (‘Old Mission’ in Spanish) is not one of them. This Orange County city of 94,000 owes its masterful city planning and uniform Spanish architecture to their, er, city father --by which we mean developer--Donald Bren. Back in the historic old days of 1960, Bren decided to develop the “undevelopable” ranch land into a precisely and minutely planned community. Residents are consistently in a delirious haze of happiness so we’re taking that as a sizable indicator as to the quality of life here in the not-so-old Old Mission.
As is common in Southern California, the term “neighborhood” is used loosely and typically, it more accurately means “sub-division”. When sub-divisions get large enough they become communities and after they have at least four Jamba Juices, they incorporate into a city, so the entire area enjoys a pretty fluid identity between what is a neighborhood and what is an adjacent city. The historic districts in Mission Viejo sadly only imply that the houses may be as old as 1970. Development gets newer moving south and if you simply can’t bear the thought of a home built before last week, the adjacent city of Ladera Ranch is currently attempting to outdo Mission Viejo in the new-and-shiny category.
Though much of Mission Viejo consists of single-family homes, apartment complexes are widely available and largely concentrated along Marguerite Parkway that runs through the city. Typical of this region in California, most complexes are new, Spanish-styled and come with resort amenities like gyms, pools, tennis courts and clubhouses. One-bedrooms don’t seem to fall lower than $1200 and 2BR options will start around $1400 with 3BR around $2300 (at which point you may be better off renting a house instead).
Traffic in southern California has a mostly well-deserved reputation as a nightmare for commuters. Home choices are often based at least in part on their projected commute times, so if you know you’ll be commuting – as most people do here – you should definitely take that into account and maybe invest in some books on tape or language learning cds. Public transit is also a growing option as there is a commuter rail that runs from Mission Viejo into LA, Riverside, Oceanside and San Bernadino daily. Locally, Mission Viejo does a great job of providing walking and biking trails and is in some parts quite walkable. The Orange County Transportation Authority operates a limited bus line for the local area, as well.
Reviews of the Vista Del Lago Apartments in Mission Viejo, California show that residents are thrilled with the private balconies / patios and indoor fireplaces.
June 2020 Mission Viejo Rent Report
Welcome to the June 2020 Mission Viejo Rent Report. Mission Viejo rents declined over the past month. In this report, we'll evaluate trends in the Mission Viejo rental market, including comparisons to cities throughout the metro, state, and nation.
June 2020 Mission Viejo Rent Report
Welcome to the June 2020 Mission Viejo Rent Report. Mission Viejo rents declined over the past month. In this report, we'll evaluate trends in the Mission Viejo rental market, including comparisons to cities throughout the metro, state, and nation.
Mission Viejo rents decline sharply over the past month
Mission Viejo rents have declined 0.7% over the past month, and are down moderately by 0.8% in comparison to the same time last year. Currently, median rents in Mission Viejo stand at $2,097 for a one-bedroom apartment and $2,694 for a two-bedroom. This is the third straight month that the city has seen rent decreases after an increase in February. Mission Viejo's year-over-year rent growth lags the state average of 0.7%, as well as the national average of 0.8%.
Rents rising across the Los Angeles Metro
While rent prices have decreased in Mission Viejo over the past year, the rest of the metro is seeing the opposite trend. Rents have risen in 6 of the largest 10 cities in the Los Angeles metro for which we have data. Here's a look at how rents compare across some of the largest cities in the metro.
- Lancaster has the least expensive rents in the Los Angeles metro, with a two-bedroom median of $1,644; the city has also experienced the fastest rent growth in the metro, with a year-over-year increase of 2.0%.
- Irvine has the most expensive rents in the Los Angeles metro, with a two-bedroom median of $2,745; however, the city has also seen rents fall by 1.4% over the past month, the biggest drop in the metro.
Many large cities nationwide show more affordable rents compared to Mission Viejo
As rents have fallen moderately in Mission Viejo, many large cities nationwide have seen prices increase, in some cases substantially. Compared to most large cities across the country, Mission Viejo is less affordable for renters.
- Other cities across the state have seen rents slightly increase, with California as a whole logging rent growth of 0.7% over the past year. For example, rents have grown by 0.8% in San Diego and 0.2% in San Jose.
- Mission Viejo's median two-bedroom rent of $2,694 is above the national average of $1,194. Nationwide, rents have grown by 0.8% over the past year compared to the 0.8% decline in Mission Viejo.
- While rents in Mission Viejo fell moderately over the past year, many cities nationwide saw increases, including Phoenix (+2.3%), Austin (+1.3%), and Seattle (+1.2%).
- Renters will generally find more expensive prices in Mission Viejo than most large cities. For example, Houston has a median 2BR rent of $1,030, where Mission Viejo 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.
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.