Apartments in Turtle Ridge Irvine

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30
$3,750
Irvine, CA
3 BR | Available Now
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20
$3,825
Irvine, CA
2 BR | Available Now
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16
$4,995
Newport Beach, CA
2 BR | Available Now
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84
$15,500
Newport Beach, CA
4 BR | Available Now
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Irvine, CA
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Irvine:
March Rent Report

Welcome to the March 2024 Irvine Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the March 2024 key findings and figures for the Irvine rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Irvine and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Irvine average rent prices in the chart below.

Monthly Rent Report

$3,550
$2,660
$1,780
$890
$0
Apr. 2023
May. 2023
Jun. 2023
Jul. 2023
Aug. 2023
Sep. 2023
Oct. 2023
Nov. 2023
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
1 BR       2 BR

Irvine Rent Prices Increase From February to March

Irvine rent prices increased over the last month. From February to March, the city experienced a 0.11% increase for the price of a one-bedroom apartment. The rent price for a Irvine one-bedroom apartments currently stands at $2,807.0.

When we take a look at the two-bedroom comparison from February to March, Irvine experienced a 0.49% increase for the price of a two-bedroom apartment. The rent price for a Irvine two-bedroom apartments currently stands at $3,452.0.

March Prices: Irvine vs. Surrounding Areas

Rent Prices in Irvine and Surrounding Areas

Rent prices have increased in Irvine over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Irvine suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rents did not increase in any of the Irvine suburbs

  • Rents did not decrease in any of the Irvine suburbs.

March 2024 Pricing Trends: Irvine vs. National Comparisons

New York, NY
San Francisco, CA
Los Angeles, CA
Washington, DC
Chicago, IL
Minneapolis, MN
Columbus, OH
Pittsburgh, PA
$3,976
$3,029
$2,358
$2,336
$1,866
$1,310
$1,235
$1,124
$0
$1,300
$2,600
$3,900
$5,200
Median Rent

Irvine Rent Prices More Affordable Than Major Cities

Rent growth in Irvine over the past year has been on the rise. When compared to major cities nearby, along with some of the most expensive cities in the country, Irvine average rent prices appear to be relatively affordable for local residents.

The price for a Irvine one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Irvine and surrounding area rent prices, take a look at the complete data set below.

Data set for Irvine and suburbs

1 BR March 1 BR M/M % Change 2 BR March 2 BR M/M % Change

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.