Cheap Apartments for Rent in the Lower Peters Canyon Neighborhood of Irvine, CA from $1,900 (64 Rentals)

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

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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Enzo
Rent Specials
$2,854 - $4,840
Total Monthly Price

Total Monthly Price

Base Rent
$2,854 - $4,840
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Studio to 2 Bedroom Apartments Available Now

Enzo

3100 MartinIrvine, CA 92612
Student Housing
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  • 3D Tour
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Broadstone Edition
Rent Specials
$2,871 - $4,968
Total Monthly Price

Total Monthly Price

Base Rent
$2,871 - $4,968
Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

Broadstone Edition

1100 SteelyIrvine, CA 92614
Student Housing
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  • Customer Reviewed
  • 3D Tour

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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NOVA
Rent Specials
$2,995 - $5,430
Total Monthly Price

Total Monthly Price

Base Rent
$2,995 - $5,430
Total Monthly Price
$2,995 - $5,430
Studio to 2 Bedroom Apartments Available Jul 17

NOVA

17422 Derian AveIrvine, CA 92614
Furnished
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Aurum
Rent Specials
$3,003 - $5,573
Total Monthly Price

Total Monthly Price

Base Rent
$3,003 - $5,573
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Studio to 2 Bedroom Apartments Available Now

Aurum

2055 Main StIrvine, CA 92614
Affordability
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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Rafferty
$2,295 - $9,181
Total Monthly Price

Total Monthly Price

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$2,295 - $9,181
Total Monthly Price
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Studio to 2 Bedroom Apartments Available Now

Rafferty

401 N Main StSanta Ana, CA 92701
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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Park Newport
Rent Specials
$2,403 - $5,200
Total Monthly Price

Total Monthly Price

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$2,403 - $5,200
Total Monthly Price
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Studio to 3 Bedroom Apartments Available Now

Park Newport

1 Park NewportNewport Beach, CA 92660
Corporate Housing
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  • Utilities Included
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Jefferson Cenza
Rent Specials
$2,404 - $4,219
Total Monthly Price

Total Monthly Price

Base Rent
$2,404 - $4,219
Total Monthly Price
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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
$2,435 - $4,068
Total Monthly Price

Total Monthly Price

Base Rent
$2,435 - $4,068
Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Paloma

2727 N Mainplace DrSanta Ana, CA 92705
Luxury
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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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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 Horizon priced from $2,029. Las Fuentes has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,085. Here are the most affordable Lower Peters Canyon apartments for rent in Irvine, CA:

Apartment ListingModel NameBed/BathPriced From
HorizonStudioStudio,1BA$2,029
Las Fuentes1 Bed 1 Bath1BR,1BA$2,085
Pacific Woods Apartment Homes1 Bed 1 Bath D Location1BR,1BA$2,185
888 on MainL1B1BR,1BA$2,200
Versailles on the Lake ApartmentsAlsaceStudio,1BA$2,257
The Grand Costa MesaThe Palm1BR,1BA$2,275
Pacifica Place at Irvine SpectrumPlan 1Studio,1BA$2,320
Meridian at The Market PlacePlan 1Studio,1BA$2,325
Rancho Mariposa Apartment HomesPlan A1BR,1BA$2,395
The Trinidad Apartments1 Bedroom/ 1 Bathroom1BR,1BA$2,400

Best Value Apartments for Rent in Lower Peters Canyon, CA

As of June 29, 2026 the best value apartment in the Lower Peters Canyon area is the $3.29 price per square foot Plan E1 Model at Solana Apartment Homes in the in the Lower Pete's Canyon neighborhood starting from $4,460. The second greatest value Lower Peters Canyon apartment is the Residence 1 Model at The Carlyle starting at $4,032 with a $3.26 price per square foot in the UC Irvine neighborhood. 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.
Solana Apartment HomesPlan E13BR,2BA$3.29
The CarlyleResidence 12BR,2BA$3.26
The Murphy IrvineB12BR,2BA$3.20
Link OCB12BR,2BA$3.26
Oasis Anaheim2BDAR2BR,2BA$3.08
Nineteen011 Bed / 1 Bath1BR,1BA$2.59
City PlazaTwo Bedrooms2BR,2BA$2.68
Sierra Vista Apartment HomesPlan 51BR,1BA$3.33
Las Fuentes1 Bed 1 Bath1BR,1BA$2.86
Pacific Woods Apartment Homes1 Bed 1Bath B Loc+1BR,1BA$3.34

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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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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Quick Rent Budget Calculator

How much rent can you afford?

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 $2,400.

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

The cheapest apartment in Lower Peters Canyon is Las Fuentes which is listed at $2,085, while the average apartment in Lower Peters Canyon costs $4,495.

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 41 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 $171 which is $4,324 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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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.