Average Rent in 92620, Irvine, CA

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Current Versus Historical 92620, Irvine, CA Rents

92620 rentals average $0 for a 1-bedroom rental to $5,850 for a 4-bedroom rental. The median price of all currently available listings is $4,590, or roughly $3 per square feet.
For the apartment units and housing in February 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $225 (11.39%) year-over-year from $1,975 to $2,200. 1-bedroom rentals prices have increased by $105 (4.38%) year-over-year from $2,395 to $2,500. 2-bedroom rentals prices have increased by $215 (6.52%) year-over-year from $3,300 to $3,515. 3-bedroom rentals prices have increased by $33 (0.75%) year-over-year from $4,467 to $4,500. 4-bedroom rentals prices have decreased by $100 (-1.69%) year-over-year from $5,900 to $5,800. 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 0.03% this month. 2-bedroom rents have gone down by 4.25% this month. 3-bedroom rents have gone up by 0.75% this month. 4-bedroom rents have gone down by 1.00% this month.
Beds
Price / Sqft
Feb 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
2 BR $2.90 $3,515 $3,300 (6.52%) $2,815 (24.87%)
3 BR $2.70 $4,500 $4,467 (0.75%) $3,499 (28.60%)
4+ BR $2.25 $5,800 $5,900 (-1.69%) $4,283 (35.41%)

Historical Rents in 92620, Irvine, CA

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near 92620

There are a total of 9 cities nearby 92620. The average rent in 92620 is currently $4,500 per month. A total of 6 cities nearby have an average rent lower than that. Our records show that Costa Mesa, CA, with an average rent of $2,663, is the most affordable city nearby. In contrast, the most expensive city near 92620, Irvine, CA is Laguna Beach, CA. Monthly rents here are on average $10,000 per month.

Let's compare 92620, Irvine, CA's rent against other top cities nearby by bedroom size. Typically, rent for studios in 92620, Irvine, CA is inf% more affordable than other cities nearby. One bedrooms are about inf% more affordable. Two bedrooms in 92620, Irvine, CA are about 11.70% more affordable. Finally, rent for three bedrooms are about 19.20% more affordable. Want more information? Check out the top 9 cities near 92620, Irvine, CA in the following chart.
City Studio 1 Bed 2 Bed All
Costa Mesa, CA $2,124 $2,389 $3,058 $2,663
Newport Beach, CA $1,916 $2,157 $4,000 $2,927
Mission Viejo, CA N/A $2,350 $3,095 $3,500
Huntington Beach, CA $2,600 $2,864 $4,500 $4,175
Irvine, CA $2,457 $2,821 $3,654 $4,500
Laguna Niguel, CA N/A $2,800 $3,999 $4,500
San Clemente, CA N/A $2,600 $3,700 $5,875
Dana Point, CA N/A $3,125 $4,950 $5,900
Laguna Beach, CA $2,448 $6,650 $7,250 $10,000

Top Neighborhoods Near 92620

There are a total of 1 neighborhoods in or near 92620. We've included all of these top 1 neighborhoods in or near 92620, Irvine, CA in the following chart.

The average rent for these 1 neighborhoods in or near 92620, Irvine, CA is currently around $3,399 per month. A total of one neighborhood has a lower average rent. Out of all the neighborhoods in or near 92620, Irvine Business Complex has the most affordable average rent at $3,399 per month. Whereas, at $3,399 average rent per month, Irvine Business Complex 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 $2,457 $2,832 $3,521 $3,399

Top Counties Near 92620

There are a total of 1 counties located by 92620, Irvine, CA. The average rent for rentals in these counties is $4,200. That's roughly around $3 per sqft. A total of 1 counties have a lower average rent. The county that is the most affordable is Orange, CA. It's average rent per month is $4,200. Vice versa, with an average rent of $4,200, 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 inf% more affordable than other counties nearby. Finally, rent for two bedrooms in 92620, Irvine, CA is 5.03% more expensive than other counties nearby. We've listed all of these counties in the chart below.
County Studio 1 Bed 2 Bed All
Orange, CA $2,036 $2,500 $3,400 $4,200

Top Zipcodes Near 92620

There are a total of 9 zipcodes in or near 92620, Irvine, CA. The average rent for all of these zipcodes is $4,500. A total of 5 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 92663, Newport Beach, CA at $2,172 per month. In comparison, the zipcode with the most expensive average rent of $10,700 per month is 92651, Orange County, CA.

Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near 92620, Irvine, CA is $2,800 per month. Or in other words, $4 per sqft. Meanwhile, two bedroom apartments will cost you an average of $3,600 per month. Which comes out to $3 per sqft. The following chart includes the top 9 zipcodes in 92620, Irvine, CA. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
92651, Orange County, CA $2,448 $6,650 $7,250 $10,700
92663, Newport Beach, CA $1,916 $2,155 $2,791 $2,172
92648, Huntington Beach, CA N/A $3,575 $4,823 $4,748
92677, Laguna Niguel, CA N/A $2,800 $3,999 $4,500
92629, Dana Point, CA N/A $3,125 $4,850 $5,500
92626, Costa Mesa, CA $2,124 $2,389 $3,040 $2,532
92692, Mission Viejo, CA N/A $2,350 $3,109 $3,500
92614, Irvine, CA $2,447 $2,821 $3,445 $3,399
92672, San Clemente, CA N/A $2,600 $3,600 $6,000

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 $4,590. 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 $0 and an average price per square feet of $0.00. There are a total of 1 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 $3,580 and an average price per square feet of $2.90. 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 0.11%, one bedroom rental prices have changed by 0.04%, two bedroom rental prices have changed by 0.07%, and three bedroom rental prices have changed by 0.01% year-over-year.
What is a reasonable rent price in 92620, Irvine, CA?
A reasonable rent price in 92620, Irvine, CA is around $3,672/month. You can search for these reasonably priced rental listings on RentHop.
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