Cheap Homes for Rent in Mission Viejo, CA from $500 (13 Rentals)

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

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
property at 23232 Orange Ave

$2,300

Total Monthly Price

Total Monthly Price

Base Rent
$2,300

Total Monthly Price
$2,300

1 Bedroom, 1 Bath Condo for Rent

Available Now

23232 Orange Ave, Unit 2

23232 Orange Ave
Lake ForestCA92630

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.

property at 25671 Le Parc

$2,600

Total Monthly Price

Total Monthly Price

Base Rent
$2,600

Total Monthly Price
$2,600

1 Bedroom, 1 Bath Condo for Rent

Available Now

25671 Le Parc, Unit #57

25671 Le Parc
Lake ForestCA92630

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.

property at 24491 Mozer Dr

$2,800

Total Monthly Price

Total Monthly Price

Base Rent
$2,800

Total Monthly Price
$2,800

1 Bedroom, 1 Bath Condo for Rent

Available Now

24491 Mozer Dr

Laguna NiguelCA92677

Mission Viejo, CA Local Guide

Cheapest Neighborhoods for Apartments in Mission Viejo, CA

Pricing Updated: 06/06/2026

Current apartment rentals in the Mission Viejo, CA area range in price from $1,895 to $5,884 with an overall median price of $4,532. The three Mission Viejo neighborhoods with the lowest median rent pricing are Mission Viejo Central at $1,895, Aliso at $1,895, and Cordova South at $2,217. 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$3,749$1,89564
Aliso$4,025$1,89563
Cordova South$4,325$2,21786
Country Club Area$4,325$1,895129
Emerald Pointe$4,325$2,21778
Finisterra Green - Baja$4,325$1,895116
Highland Park$4,325$2,21777
Mission Viejo South$4,325$2,21798
Aegean Heights$4,377$1,89531
California Colony$5,205$2,07073

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 $1,895. Saddleback Ranch Apartments in the Mission Viejo Central neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,070. 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$1,895
Saddleback Ranch Apartments1 Bed 1 Bath Up1BR,1BA$2,070
Mosaic Apartment HomesPlan AStudio,1BA$2,145
Avila at Rancho Santa MargaritaA31BR,1BA$2,183
55+ Community FountainGlen Rancho Santa MargaritaPalermo1BR,1BA$2,197

Best Value Apartments for Rent in Mission Viejo, CA

As of June 06, 2026 the best value apartment in the Mission Viejo area is the $3.26 price per square foot C1 Model at eaves Lake Forest in the in the Pacific Commerce Center neighborhood starting from $4,025. The second greatest value Mission Viejo apartment is the 2x2 Model at San Sebastian starting at $3,305 with a $3.02 price per square foot in the Nellie Gail Ranch 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.
eaves Lake ForestC13BR,2BA$3.26
San Sebastian2x22BR,2BA$3.02
Westridge Apartment HomesSanta Fe2BR,2BA$3.14
River Oaks ApartmentsMOVE IN SPECIAL: Two Weeks Off First Month's Re...2BR,2BA$3.02
Trabuco Woods Apartment Homes2 Bed 2 Bath2BR,2BA$3.16
Siena TerraceCorsica2BR,2BA$3.26
Cortesia at Rancho Santa MargaritaVenice1BR,1BA$3.09
Saddleback Ranch Apartments1 Bed 1 Bath Down1BR,1BA$3.02
Timbers Apartments, El Toro1 Bedroom 1 Bath1BR,1BA$3.24
Aloma ApartmentsOne Bedroom1BR,1BA$3.07

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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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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Mission Viejo, CA
Population: 95,202

Ranked #336

in US Census Population by City

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

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Frequently Asked Questions about Mission Viejo

What type of rentals are currently available in Mission Viejo?

There are currently 171 Apartments for Rent in Mission Viejo, CA with pricing that ranges from $1,895 to $5,884. There are also 80 Single Family Homes for rent, Condos, and Townhome rentals currently available in Mission Viejo ranging from $500 to $20,000.

What is the current price range for Rental Homes in Mission Viejo?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Mission Viejo ranges from $500 to $20,000 with an average monthly rent of $4,818.

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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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.

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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.