Cheap Apartments for Rent in the University Park Neighborhood of Irvine, CA from $1,400 (50 Rentals)

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Search the lowest-cost Apartments available for rent right now in the University Park 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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NOVA
Rent Specials
$2,543 - $5,430
Total Monthly Price

Total Monthly Price

Base Rent
$2,543 - $5,430
Total Monthly Price
$2,543 - $5,430
Studio to 2 Bedroom Apartments Available Jul 1

NOVA

17422 Derian AveIrvine, CA 92614
Furnished
  • Verified

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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property at 128 Greenfield

$3,500

Total Monthly Price

Total Monthly Price

Base Rent
$3,500
Total Monthly Price
$3,500

2 Bedroom, 2 Bath Condo for Rent

Available Now

128 Greenfield, Unit 119

128 Greenfield
IrvineCA92614

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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Sofi Irvine
Studio to 2 Bedroom Apartments

Sofi Irvine

2750 Kelvin AveIrvine, CA 92614
  • Utilities Included
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The Royce
Studio to 2 Bedroom Apartments

The Royce

3301 Michelson DrIrvine, CA 92612
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Main Street Village
1 to 3 Bedroom Apartments

Main Street Village

2555 Main StIrvine, CA 92614
Corporate Housing

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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University Park, Irvine, CA Local Guide

Cheapest Available University Park Apartments for Rent

 

The cheapest available apartment rental in the University Park area of Irvine, CA is a 1 Bed unit found at Parc Derian priced from $1,508. Sofi Irvine has the second lowest priced unit, which is a Studio apartment currently listed from $2,300. Here are the most affordable University Park apartments for rent in Irvine, CA:

Apartment ListingModel NameBed/BathPriced From
Parc DerianWaitlist1BR,1BA$1,508
Sofi IrvineStudioStudio,1BA$2,300
Calypso Apartments and LoftsAntiguaStudio,1BA$2,428
Rize IrvineS1Studio,1BA$2,441
Rancho San Joaquin Apartment HomesPlan 11BR,1BA$2,445
San Marino Villa Apartment HomesPlan A1BR,1BA$2,475
Woodbridge Villas Apartment HomesPlan Two1BR,1BA$2,480
WoodbridgeWoodbridge Plan 1AStudio,1BA$2,487
San Marco Villa Apartment HomesPlan A1BR,1BA$2,490
SkyloftS1.2Studio,1BA$2,520

Best Value Apartments for Rent in University Park, CA

As of June 10, 2026 the best value apartment in the University Park area is the $3.12 price per square foot Plan Three Model at Parkwood Apartment Homes in the in the Oak Creek neighborhood starting from $3,845. The second greatest value University Park apartment is the Waitlist Model at Parc Derian starting at $2,088 with a $1.72 price per square foot in the Westpark neighborhood. Here is today’s list of the best values for University Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Parkwood Apartment HomesPlan Three3BR,2BA$3.12
Parc DerianWaitlist3BR,2BA$1.72
San Leon Villa Apartment HomesPlan G2BR,2BA$2.92
Cross Creek ApartmentsPlan 23BR,2BA$3.19
Main Street VillageMENDOCINO2BR,2BA$3.27
The AltonB2.02BR,2BA$3.21
San Remo Villa Apartment HomesPlan 32BR,2BA$3.01
Park West Apartment HomesPlan 22BR,1BA$2.62
San Marco Villa Apartment HomesPlan C2BR,2BA$3.17
Woodbridge Willows Apartment HomesPlan A1BR,1BA$3.16

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
University Park, Irvine, CA

School data provided by Great Schools

Lifestyle Ratings

Our team of engineers and researchers is happy to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals and neighborhoods across the USA, including Irvine. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including filtering automatically for the best proximity to parks and outdoor amenities, luxury housing options, pet-friendly features, family-friendly amenities, proximity to transit, and other valuable search options. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap University Park Apartments

What is a cheap apartment in University Park?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in University Park is under $2,520.

What is the price of a cheap apartment in University Park?

The cheapest apartment in University Park is Parc Derian which is listed at $1,508, while the average apartment in University Park costs $4,120.

What types of apartments are the cheapest in University Park?

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 4 regular apartments in University Park 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 University Park?

Cheap apartments in University Park have an average cost of $160 which is $3,960 cheaper than the average rent for all rentals in University Park.

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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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.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.