Average Rent in 92620, Irvine, CA

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Current Versus Historical 92620, Irvine, CA Rents

92620 rentals average $2,500 for a 1-bedroom rental to $6,200 for a 4-bedroom rental. The median price of all currently available listings is $5,200, or roughly $3 per square feet.

For the apartment units and housing in October 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have decreased by $125 (-5.75%) year-over-year from $2,175 to $2,050. 1-bedroom rentals prices have increased by $76 (3.13%) year-over-year from $2,424 to $2,500. 2-bedroom rentals prices have decreased by $242 (-7.02%) year-over-year from $3,442 to $3,200. 3-bedroom rentals prices have increased by $250 (5.62%) year-over-year from $4,450 to $4,700. 4-bedroom rentals prices have increased by $683 (12.39%) year-over-year from $5,517 to $6,200. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone down by 0.00% this month. 1-bedroom rents have gone up by 25.42% this month. 2-bedroom rents have gone down by 6.65% this month. 3-bedroom rents have gone down by 11.15% this month. 4-bedroom rents have gone down by 31.37% this month.

Beds	Price / Sqft	Oct 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
1 BR	$3.12	$2,500	$2,424 (3.13%)	$1,595 (56.74%)
2 BR	$3.39	$3,200	$3,442 (-7.02%)	$2,950 (8.47%)
3 BR	$2.81	$4,700	$4,450 (5.62%)	$3,898 (20.56%)
4+ BR	$2.42	$6,200	$5,517 (12.39%)	$4,817 (28.72%)

Historical Rents in 92620, Irvine, CA

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near 92620

There are a total of 12 cities nearby 92620. The average rent in 92620 is currently $5,175 per month. A total of 6 cities nearby have an average rent lower than that. Our records show that Laguna Woods, CA, with an average rent of $2,800, is the most affordable city nearby. In contrast, the most expensive city near 92620, Irvine, CA is Newport Beach, CA. Monthly rents here are on average $11,000 per month.

Let's compare 92620, Irvine, CA's rent against other top cities nearby by bedroom size. One bedrooms are about 10.34% more affordable. Two bedrooms in 92620, Irvine, CA are about 8.96% more affordable. Finally, rent for three bedrooms are about 2.66% more affordable. Want more information? Check out the top 10 cities out of 12 total cities near 92620, Irvine, CA in the following chart.

City	Studio	1 Bed	2 Bed	All
Laguna Woods, CA	N/A	$2,400	$2,800	$2,800
Aliso Viejo, CA	N/A	$2,650	$3,400	$3,975
Anaheim, CA	$2,300	$1,895	$3,098	$3,975
Mission Viejo, CA	N/A	$2,485	$3,495	$4,300
Lake Forest, CA	N/A	$2,410	$2,995	$5,000
Irvine, CA	$2,617	$2,867	$3,700	$5,100
Huntington Beach, CA	$2,125	$2,438	$3,795	$5,250
Laguna Niguel, CA	N/A	$3,200	$3,600	$5,300
Laguna Beach, CA	$2,700	$4,500	$7,000	$8,250
Newport Beach, CA	N/A	$3,373	$6,000	$11,000

Top Neighborhoods Near 92620

There are a total of 3 neighborhoods in or near 92620. Some of these neighborhoods include Irvine Business Complex, Orange County Great Park, and The Village. We've included all of these top 3 neighborhoods in or near 92620, Irvine, CA in the following chart.

The average rent for these 3 neighborhoods in or near 92620, Irvine, CA is currently around $5,850 per month. A total of one neighborhood has a lower average rent. Meaning, only two neighborhoods have a higher average rent than $5,850. Interestingly, the neighborhoods' average rent is higher than 92620's average rent, which is only $5,200. Out of all the neighborhoods in or near 92620, Irvine Business Complex has the most affordable average rent at $3,566 per month. Whereas, at $7,800 average rent per month, The Village is the most expensive neighborhood in or near 92620. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Irvine Business Complex, Irvine, CA	$2,617	$2,981	$3,657	$3,566
Orange County Great Park, Irvine, CA	N/A	N/A	$4,700	$5,850
The Village, Laguna Beach, CA	N/A	$7,500	$6,748	$7,800

Top Counties Near 92620

There are a total of 3 counties located by 92620, Irvine, CA. The average rent for rentals in these counties is $5,250. That's roughly around $3 per sqft. The county that is the most affordable is Orange, CA. It's average rent per month is $5,250. Vice versa, with an average rent of $5,250, Orange, CA is the most expensive county by 92620, Irvine, CA.

Typically, rent for studios in 92620, Irvine, CA is inf% more affordable than other counties nearby. In comparison, rent for one bedroom listings in 92620, Irvine, CA is 14.00% more affordable than other counties nearby. Finally, rent for two bedrooms in 92620, Irvine, CA is 11.94% more affordable than other counties nearby. We've listed the top 1 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Orange, CA	$2,500	$2,850	$3,750	$5,250

Top Zipcodes Near 92620

You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All

Frequently Asked Questions - 92620 Average Rents

What is the average rent price in 92620, Irvine, CA?

The average monthly rental price for 92620, Irvine, CA apartments for rent is approximately $5,200. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do 92620, Irvine, CA rent prices drop in winter?

Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in 92620, Irvine, CA.

How much is a studio apartment in 92620, Irvine, CA?

The average monthly rental price for studio apartments is $0 and an average price per square feet of $0.00. There are a total of 0 studio apartment listings currently available for rent in 92620.

How much is a one bedroom apartment in 92620, Irvine, CA?

The average monthly rental price for one bedroom apartments is $2,500 and an average price per square feet of $3.12. There are a total of 2 one bedroom apartment listings currently available for rent in 92620.

How much is a two bedroom apartment in 92620, Irvine, CA?

The average monthly rental price for two bedroom apartments is $3,350 and an average price per square feet of $3.39. There are a total of 5 two bedroom apartment listings currently available for rent in 92620.

How have rent prices in 92620, Irvine, CA changed this year?

Rent prices for rentals in 92620, Irvine, CA can fluctuate yearly. Specifically, studio rental prices have changed by -0.06%, one bedroom rental prices have changed by 0.03%, two bedroom rental prices have changed by -0.07%, and three bedroom rental prices have changed by 0.06% year-over-year.

What is a reasonable rent price in 92620, Irvine, CA?

A reasonable rent price in 92620, Irvine, CA is around $4,160/month. You can search for these reasonably priced rental listings on RentHop.