Cheap Apartments for Rent in Mission Viejo, CA from $1,000 (85 Rentals)

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Search the lowest-cost Apartments available for rent right now in Mission Viejo.

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Adagio on the Green
Rent Specials
$2,717 - $4,059
Total Monthly Price

Total Monthly Price

Base Rent
$2,717 - $4,059
Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Adagio on the Green

26600 Oso PkyMission Viejo, CA 92691
Furnished
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  • Customer Reviewed
  • 3D Tour

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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Arroyo Vista
1 to 4 Bedroom Apartments

Arroyo Vista

26196 Crown Valley PkyMission Viejo, CA 92692
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Idyllwillow
Studio to 2 Bedroom Apartments

Idyllwillow

28032-28032 Marguerite PkyMission Viejo, CA 92692
property at 27533 Pasatiempo

$2,200

Total Monthly Price

Total Monthly Price

Base Rent
$2,200
Total Monthly Price
$2,200

Studio, 1 Bath Condo for Rent

Available Now

27533 Pasatiempo

Mission ViejoCA92692
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eaves Mission Viejo
1 to 2 Bedroom Apartments

eaves Mission Viejo

24950 Via Florecer ViaMission Viejo, CA 92692
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Camden Crown Valley
1 to 2 Bedroom Apartments

Camden Crown Valley

26891 La Alameda LnMission Viejo, CA 92691
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Madrid
1 to 3 Bedroom Apartments

Madrid

28401 Los Alisos BlvdMission Viejo, CA 92692

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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property at 23232 Orange Ave

$2,100

Total Monthly Price

Total Monthly Price

Base Rent
$2,100
Total Monthly Price
$2,100

1 Bedroom, 1 Bath Condo for Rent

Available Now

23232 Orange Ave, Unit 2, Unit 2

23232 Orange Ave
Lake ForestCA92630

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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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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IMT Laguna Niguel
Rent Specials
$2,765 - $3,710
Total Monthly Price

Total Monthly Price

Base Rent
$2,765 - $3,710
Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

IMT Laguna Niguel

26033 Cape DrLaguna Niguel, CA 92677
Pet Friendly
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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Mission Viejo, CA Local Guide

Cheapest Neighborhoods for Apartments in Mission Viejo, CA

Pricing Updated: 04/29/2026

Current apartment rentals in the Mission Viejo, CA area range in price from $1,500 to $6,285 with an overall median price of $4,334. The three Mission Viejo neighborhoods with the lowest median rent pricing are Mission Viejo Central at $1,500, Aliso at $1,950, and Cordova South at $2,245. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Mission Viejo Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Mission Viejo Central$3,116$1,50092
Aliso$3,985$1,95073
Cordova South$4,360$2,245100
Emerald Pointe$4,360$2,24596
Mission Viejo South$4,360$2,245114
Country Club Area$4,380$1,950144
Finisterra Green - Baja$4,380$1,950137
Highland Park$4,380$2,245128
Aegean Heights$4,397$1,95033
California Colony$4,562$1,50093

Cheapest Available Mission Viejo Apartments for Rent

 

The cheapest available apartment rental in Mission Viejo, CA is a Studio unit found at The Meridian at Laguna Hills - 55+ Active Adult Apartments in the Nellie Gail Ranch neighborhood priced from $1,950. Saddleback Ranch Apartments in the Mission Viejo Central neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,013. Here is today’s list of the most affordable Mission Viejo apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Meridian at Laguna Hills - 55+ Active Adult ApartmentsVilla - StudioStudio,1BA$1,950
Saddleback Ranch Apartments1 Bed 1 Bath Up1BR,1BA$2,013
55+ Community FountainGlen Rancho Santa MargaritaSedonaStudio,1BA$2,111
Heritage Park Senior Apartment HomesPlan A1BR,1BA$2,160
Heritage Square Senior Apartment HomesPlan 21BR,1BA$2,180
Emerald Court Apartment HomesPlan 21BR,1BA$2,205
Mosaic Apartment HomesPlan AStudio,1BA$2,245
Westridge Apartment HomesSu Casa1BR,1BA$2,250
SYCAMORE LANE APARTMENT HOMESAloeStudio,1BA$2,276
Alicia PlazaPlan B1BR,1BA$2,280

Best Value Apartments for Rent in Mission Viejo, CA

As of April 29, 2026 the best value apartment in the Mission Viejo area is the $2.69 price per square foot Reata Plan 2B Model at Reata Oakbrook Village in the in the Nellie Gail Ranch neighborhood starting from $3,255. The second greatest value Mission Viejo apartment is the B1 Model at eaves Lake Forest starting at $3,015 with a $2.74 price per square foot in the Pacific Commerce Center neighborhood. Here is today’s list of the best values for Mission Viejo apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Reata Oakbrook VillageReata Plan 2B2BR,2BA$2.69
eaves Lake ForestB12BR,2BA$2.74
San Sebastian2x22BR,2BA$3.02
Timbers Apartments, El Toro2 Bedroom 2 Bath2BR,2BA$2.98
River Oaks ApartmentsMOVE IN SPECIAL: One Week Off First Month's Ren...2BR,2BA$3.02
Siena TerraceCorsica2BR,2BA$3.00
Alicia VillagePlan D2BR,1BA$3.22
154 Canyon Woods Apartments1 Bedroom / 1 Bath1BR,1BA$3.11
Saddleback Ranch Apartments1 Bed 1 Bath Down1BR,1BA$2.80
Aloma ApartmentsOne Bedroom1BR,1BA$3.07

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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Mission Viejo, CA
Population: 95,202

Ranked #336

in US Census Population by City

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Best Local Schools in
Mission Viejo, CA

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Cheap Mission Viejo Apartments

What is a cheap apartment in Mission Viejo?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Mission Viejo is under $2,280.

What is the price of a cheap apartment in Mission Viejo?

The cheapest apartment in Mission Viejo is Saddleback Ranch Apartments which is listed at $2,013, while the average apartment in Mission Viejo costs $4,334.

What types of apartments are the cheapest in Mission Viejo?

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 7 regular apartments in Mission Viejo that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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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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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.