Cheap Apartments for Rent in the Lower Peters Canyon Neighborhood of Irvine, CA from $1,679 (65 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Lower Peters Canyon area of Irvine.

property at 20 Streamwood
$2,450

Total Monthly Price

Base Rent$2,450
Total Monthly Price$2,450
1 Bedroom, 1 Bath Condo for Rent
Available Oct 1
Affordability

20 Streamwood, Unit 20 Streamwood

20 Streamwood
IrvineCA92620

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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NOVA Apartments
Rent Specials
$2,700 - $5,420

Total Monthly Price

Base Rent$2,700 - $5,420
Total Monthly PriceVaries
Studio to 2 Bedroom Apartments Available Now

NOVA Apartments

18130 Derian AveIrvine, CA 92614
Furnished
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Enzo
Rent Specials
$2,904 - $5,224

Total Monthly Price

Base Rent$2,904 - $5,224
Total Monthly PriceVaries
Studio to 2 Bedroom Apartments Available Now

Enzo

3100 MartinIrvine, CA 92612
Student Housing
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  • 3D Tour

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Broadstone Edition
Rent Specials
$2,955 - $4,112

Total Monthly Price

Base Rent$2,955 - $4,112
Total Monthly PriceVaries
Studio to 3 Bedroom Apartments Available Now

Broadstone Edition

1100 SteelyIrvine, CA 92614
Student Housing
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Aurum
Rent Specials
$3,009 - $9,221

Total Monthly Price

Base Rent$3,009 - $9,221
Total Monthly PriceVaries
Studio to 2 Bedroom Apartments Available Now

Aurum

2055 Main StIrvine, CA 92614
Eco-Friendly
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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Rafferty
Rent Specials
$2,340 - $8,952

Total Monthly Price

Base Rent$2,340 - $8,952
Total Monthly PriceVaries
Studio to 2 Bedroom Apartments Available Now

Rafferty

401 N Main StSanta Ana, CA 92701
55+ Active Adult
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Jefferson Cenza
Rent Specials
$2,429 - $3,528

Total Monthly Price

Base Rent$2,429 - $3,528
Total Monthly PriceVaries
Studio to 3 Bedroom Apartments Available Now

Jefferson Cenza

505-535 W Crowther AvePlacentia, CA 92870
Corporate Housing
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Paloma
Rent Specials
$2,449 - $4,229

Total Monthly Price

Base Rent$2,449 - $4,229
Total Monthly PriceVaries
Studio to 2 Bedroom Apartments Available Now

Paloma

2727 N Mainplace DrSanta Ana, CA 92705
Luxury
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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Showing Results 1-50, Page 1 of 2

Lower Peters Canyon, Irvine, CA Local Guide

Cheapest Available Lower Peters Canyon Apartments for Rent

 

The cheapest available apartment rental in the Lower Peters Canyon area of Irvine, CA is a Studio unit found at 888 on Main priced from $1,679. City Plaza has the second lowest priced unit, which is a Studio apartment currently listed from $1,895. Here are the most affordable Lower Peters Canyon apartments for rent in Irvine, CA:

Apartment ListingModel NameBed/BathPriced From
888 on MainL9Studio, 1BA$1,679
City PlazaStudioStudio, 1BA$1,895
Versailles on the Lake ApartmentsAlsaceStudio, 1BA$2,285
Pacifica Place at Irvine SpectrumPlan 1Studio, 1BA$2,295
Heritage PointPlan A1BR, 1BA$2,315
Meridian at The Market PlacePlan 1Studio, 1BA$2,325
The Aspens FairhavenAspen1BR, 1BA$2,350
eaves South CoastA11BR, 1BA$2,375
Jefferson CenzaA21BR, 1BA$2,429
The Aspens South CoastAspen1BR, 1BA$2,435

Best Value Apartments for Rent in Lower Peters Canyon, CA

As of September 28, 2026 the best value apartment in the Lower Peters Canyon area is the $3.27 price per square foot Residence 4 Model at The Carlyle in the UC Irvine neighborhood starting from $5,010. The second greatest value Lower Peters Canyon apartment is the Crest w Loft Model at Metropolis Apartments in the Turtle Rock neighborhood starting at $4,617 with a $3.30 price per square foot. Here is today’s list of the best values for Lower Peters Canyon apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The CarlyleResidence 43BR, 2BA$3.27
Metropolis ApartmentsCrest w Loft2BR, 2BA$3.30
The CartwrightB52BR, 2BA$3.30
Nineteen012 Bed / 2 Bath2BR, 2BA$2.98
Solana Apartment HomesPlan C2BR, 2BA$3.36
Park Plaza Apartments22BL2BR, 2BA$3.12
Rancho Tierra Apartment HomesPlan A2BR, 2BA$3.42
The Aspens FairhavenAlpine1BR, 1BA$3.28
The Aspens South CoastAlpine1BR, 1BA$3.46
City PlazaStudioStudio, 1BA$3.45

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Lower Peters Canyon, Irvine, CA

Ranked #2

Among cities in California for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Lower Peters Canyon, Irvine, CA

School data provided by Great Schools

Frequently Asked Questions about Cheap Lower Peters Canyon Apartments

What is a cheap apartment in Lower Peters Canyon?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Lower Peters Canyon is under $2,435.

What is the price of a cheap apartment in Lower Peters Canyon?

The cheapest apartment in Lower Peters Canyon is 888 on Main which is listed at $1,985, while the average apartment in Lower Peters Canyon costs $3,373.

What types of apartments are the cheapest in Lower Peters Canyon?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 45 regular apartments in Lower Peters Canyon that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Lower Peters Canyon?

Cheap apartments in Lower Peters Canyon have an average cost of $175 which is $3,198 cheaper than the average rent for all rentals in Lower Peters Canyon.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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How Commercial-to-Residential Property Conversions Help the Housing Crisis

Written by: Robin Stewart

Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.