Cheap Apartments for Rent in the Northwood Neighborhood of Irvine, CA from $500 (15 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Northwood 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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Solaira at Pavilion Park
1 to 2 Bedroom Apartments

Solaira at Pavilion Park

100 Ridge VlyIrvine, CA 92618
Senior Living
  • Utilities Included

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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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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Northwood, Irvine, CA Local Guide

Cheapest Available Northwood Apartments for Rent

 

The cheapest available apartment rental in the Northwood area of Irvine, CA is a Studio unit found at Sierra Vista Apartment Homes priced from $2,345. Meridian at The Market Place has the second lowest priced unit, which is a Studio apartment currently listed from $2,395. Here are the most affordable Northwood apartments for rent in Irvine, CA:

Apartment ListingModel NameBed/BathPriced From
Sierra Vista Apartment HomesPlan 2Studio,1BA$2,345
Meridian at The Market PlacePlan 1Studio,1BA$2,395
Heritage PointPlan A1BR,1BA$2,405
Deerfield Apartment HomesPlan 1Studio,1BA$2,405
Rancho Mariposa Apartment HomesPlan A1BR,1BA$2,425

Best Value Apartments for Rent in Northwood, CA

As of May 18, 2026 the best value apartment in the Northwood area is the $3.01 price per square foot Plan F1 Model at Solana Apartment Homes in the in the Lower Pete's Canyon neighborhood starting from $4,455. The second greatest value Northwood apartment is the Plan F Model at Santa Maria Apartment Homes starting at $4,475 with a $3.37 price per square foot in the Oak Creek neighborhood. Here is today’s list of the best values for Northwood apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Solana Apartment HomesPlan F13BR,2BA$3.01
Santa Maria Apartment HomesPlan F3BR,2BA$3.37
Cross Creek ApartmentsPlan 23BR,2BA$3.47
Rancho Santa Fe Apartment HomesPlan 32BR,2BA$3.27
Rancho Alisal Apartment HomesPlan C3BR,2BA$3.48
Rancho Maderas Apartment HomesPlan C2BR,2BA$3.22
Windwood Glen Apartment HomesPlan 32BR,2BA$3.21
Rancho Tierra Apartment HomesPlan A2BR,2BA$3.28
Windwood Knoll Apartment HomesPlan 11BR,1BA$3.36
Northwood PlacePlan A1BR,1BA$3.35

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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Best Local Schools in
Northwood, Irvine, CA

School data provided by Great Schools

Frequently Asked Questions about Cheap Northwood Apartments

What is a cheap apartment in Northwood?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Northwood is under $2,515.

What is the price of a cheap apartment in Northwood?

The cheapest apartment in Northwood is Heritage Point which is listed at $2,405, while the average apartment in Northwood costs $4,244.

What types of apartments are the cheapest in Northwood?

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 93 regular apartments in Northwood 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 Northwood?

Cheap apartments in Northwood have an average cost of $465 which is $3,779 cheaper than the average rent for all rentals in Northwood.

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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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.