$6,500 Per Month
- 3 Beds
- 2 Baths
- 1,836 Sq Ft
- House for Rent
27242 Cordero Ln, Mission Viejo, CA 92691
27242 Cordero Ln, Mission Viejo, CA 92691
Frequently Asked Questions
How much does it cost to rent a home in Mission Viejo, CA?
The median rent for a home in Mission Viejo, CA is $4,900 per month, though prices vary by neighborhood, size, and property type. As of August 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 Mission Viejo, CA?
To comfortably afford the median rent in Mission Viejo, CA, a household needs to earn roughly $196,000 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 $4,900 per month in Mission Viejo, CA, renters typically need to show $14,700 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 Mission Viejo, CA?
In Mission Viejo, CA, the price-to-rent ratio is 20.1, 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 Mission Viejo, CA are best for renting a home?
The best neighborhood for renting in Mission Viejo, CA depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Las Flores, Nellie Gail, Country Village, Rancho Niguel and Colinas de Capistrano, each with its own character and price range.
