Cheap Apartments for Rent in Mission Viejo, CA from $1,000 (11 Rentals)

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

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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

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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Groves Seniors 62+
1 to 2 Bedroom Apartments

Groves Seniors 62+

30333 Camino CapistranoSan Juan Capistrano, CA 92675
Senior Living
  • Utilities Included
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Forest Glen
1 to 2 Bedroom Apartments

Forest Glen

25092 Farthing StLake Forest, CA 92630
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Sofi Laguna Hills
1 to 2 Bedroom Apartments

Sofi Laguna Hills

24555 Los Alisos BlvdLaguna Hills, CA 92653

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.

Mission Viejo, CA Local Guide

Cheapest Neighborhoods for Apartments in Mission Viejo, CA

Pricing Updated: 01/26/2026

Current apartment rentals in the Mission Viejo, CA area range in price from $1,950 to $5,409 with an overall median price of $3,963. The three Mission Viejo neighborhoods with the lowest median rent pricing are Mission Viejo Central at $1,950, Aliso at $1,950, and Cordova South at $2,235. 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$3,170$1,950101
Aliso$3,865$1,95087
Cordova South$3,865$2,235120
Country Club Area$3,865$1,950163
Emerald Pointe$3,865$2,195108
Finisterra Green - Baja$3,865$1,950169
Highland Park$3,865$2,235144
Mission Viejo South$3,865$2,195141
Aegean Heights$4,097$1,95051
Evergreen Ridge$4,271$1,999101

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 $1,999. 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$1,999
55+ FountainGlen Rancho Santa MargaritaPalermo1BR,1BA$2,164
SYCAMORE LANE APARTMENT HOMESAloeStudio,1BA$2,195
eaves Lake ForestA11BR,1BA$2,219

Best Value Apartments for Rent in Mission Viejo, CA

As of January 26, 2026 the best value apartment in the Mission Viejo area is the $3.03 price per square foot Seine Model at Bellecour Way Apartment Homes in the in the Mission Viejo North neighborhood starting from $4,220. The second greatest value Mission Viejo apartment is the B2L Model at Apex Laguna Niguel Apartments starting at $3,484 with a $2.80 price per square foot in the Highland Park 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.
Bellecour Way Apartment HomesSeine3BR,2.5BA$3.03
Apex Laguna Niguel ApartmentsB2L2BR,2BA$2.80
Cedar Glen2 Bed 2 Bathroom2BR,1BA$2.94
Trabuco VillasPlan 2A2BR,2BA$3.12
Ridgecrest ApartmentsPlan B2BR,2BA$2.82
Timbers Apartments, El Toro2 Bedroom 1 Bath Fireplace2BR,1BA$2.94
Vista Real Apartment HomesPlan B1BR,1BA$3.13
154 Canyon Woods Apartments1 Bedroom / 1 Bath1BR,1BA$3.04
Bellogente Garden ApartmentsTwo Bedroom2BR,1BA$3.10
Saddleback Ranch Apartments1 Bed 1 Bath Up1BR,1BA$2.67

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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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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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 $2,300.

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 $1,999, while the average apartment in Mission Viejo costs $3,963.

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 3 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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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.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.