$4,800 Per Month
- 3 Beds
- 2 Baths
- 924 Sq Ft
- Condo for Rent
5 Wellesley Unit 12, Irvine, CA 92612
5 Wellesley Unit 12, Irvine, CA 92612
Frequently Asked Questions
How much does it cost to rent a condo in Irvine, CA?
The median rent for a condo in Irvine, CA is $4,400 per month, though prices vary by neighborhood, size, and property type. As of July 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Irvine, CA?
To comfortably afford the median rent in Irvine, CA, a household needs to earn roughly $198,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $4,950 per month in Irvine, CA, renters typically need to show $14,850 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Irvine, CA?
In Irvine, CA, the price-to-rent ratio is 26.1, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Irvine, CA are best for renting a condo?
The best neighborhood for renting in Irvine, CA depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include Oak Creek, Woodbridge, Cypress Village, Walnut and Northwood, each with its own character and price range.
