
Cheap Homes for Rent in Mission Viejo, CA from $500 (13 Rentals)
Search the lowest-cost Homes available for rent right now in Mission Viejo.


3 Sheridan Ln

28425 Pueblo Dr

27533 Pasatiempo

23288 Orange Ave, Unit 4

23232 Orange Ave, Unit 2
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.

25652 Rimgate Dr

26832 Belleza Cir

24151 El Tiradore Cir

25671 Le Parc, Unit #57

2401 Via Mariposa W

20702 El Toro Rd
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.

24491 Mozer Dr
Mission Viejo, CA Local Guide

How much does it cost to rent a home in Mission Viejo?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Mission Viejo 2 Bedroom Homes for Rent | $3,443 | $2,700 | $5,000 |
| Mission Viejo 3 Bedroom Homes for Rent | $5,107 | $3,800 | $10,000+ |
| Mission Viejo 4 Bedroom Homes for Rent | $5,755 | $4,700 | $10,000+ |
| Mission Viejo 5 Bedroom Homes for Rent | $10,280 | $5,600 | $10,000+ |
Browse Top Homes for Rent in Mission Viejo
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Mission Viejo, CA Local Guide
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Cheapest Neighborhoods for Apartments in Mission Viejo, CA
Pricing Updated: 06/06/2026Current 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:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Mission Viejo Central | $3,749 | $1,895 | 64 |
| Aliso | $4,025 | $1,895 | 63 |
| Cordova South | $4,325 | $2,217 | 86 |
| Country Club Area | $4,325 | $1,895 | 129 |
| Emerald Pointe | $4,325 | $2,217 | 78 |
| Finisterra Green - Baja | $4,325 | $1,895 | 116 |
| Highland Park | $4,325 | $2,217 | 77 |
| Mission Viejo South | $4,325 | $2,217 | 98 |
| Aegean Heights | $4,377 | $1,895 | 31 |
| California Colony | $5,205 | $2,070 | 73 |
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Meridian at Laguna Hills - 55+ Active Adult Apartments | Villa - Studio | Studio,1BA | $1,895 |
| Saddleback Ranch Apartments | 1 Bed 1 Bath Up | 1BR,1BA | $2,070 |
| Mosaic Apartment Homes | Plan A | Studio,1BA | $2,145 |
| Avila at Rancho Santa Margarita | A3 | 1BR,1BA | $2,183 |
| 55+ Community FountainGlen Rancho Santa Margarita | Palermo | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| eaves Lake Forest | C1 | 3BR,2BA | $3.26 |
| San Sebastian | 2x2 | 2BR,2BA | $3.02 |
| Westridge Apartment Homes | Santa Fe | 2BR,2BA | $3.14 |
| River Oaks Apartments | MOVE IN SPECIAL: Two Weeks Off First Month's Re... | 2BR,2BA | $3.02 |
| Trabuco Woods Apartment Homes | 2 Bed 2 Bath | 2BR,2BA | $3.16 |
| Siena Terrace | Corsica | 2BR,2BA | $3.26 |
| Cortesia at Rancho Santa Margarita | Venice | 1BR,1BA | $3.09 |
| Saddleback Ranch Apartments | 1 Bed 1 Bath Down | 1BR,1BA | $3.02 |
| Timbers Apartments, El Toro | 1 Bedroom 1 Bath | 1BR,1BA | $3.24 |
| Aloma Apartments | One Bedroom | 1BR,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.
Read ArticleReal 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.
Read ArticleQuick 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.
Mission Viejo, CAPopulation: 95,202
Ranked #336
in US Census Population by City
Best Local Schools in Mission Viejo, CA
Philip J. Reilly Elementary
Mission Viejo High
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Mission Viejo, CA Rentals by Map
See the most popular apartments and homes in Mission Viejo, CA
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

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.

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.

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.

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.