The average monthly rent of apartments in Lake Forest, Orange County, CA is $2,797.
Compared to the national average rent of $1,727, the average rent in Lake Forest, Orange County, CA is $2,797.
Prices and availability in Lake Forest, Orange County, CA were last updated on 2 Feb 2023.
The best apartments in Lake Forest, Orange County, CA are: SERRANO HIGHLANDS APARTMENT HOMES and Ridgecrest.
The average rent in Lake Forest, Orange County, CA is $2,797. Start your search for apartments in Lake Forest, Orange County, CA now.
The price range for a 1-bedroom apartment in Lake Forest, Orange County, CA is between $2,504 and $3,414. Browse all available 1-bedroom apartments in Lake Forest, Orange County, CA now.
The price range for a 2-bedroom apartment in Lake Forest, Orange County, CA is between $2,692 and $3,758. Browse and find a 2-bedroom apartment in Lake Forest, Orange County, CA.
In Lake Forest, 30% of the residents are renting compared to 70% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 12% of Lake Forest’s rentals, 64% are small-scale complexes with under 50 units, and 23% are single-family rentals.
The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Lake Forest are about 32 years old, on average. Of these, 18% have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 2 stories. About 88% of the rental communities here are low-rise, garden-style communities, none are mid-rises, and none are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.
Studio apartments in Lake Forest are around 0% of rentals, while 1-bedroom floor plans represent 48% of the total stock. For those in search of larger rentals, 2-bedroom floorplans make up 48% of all rentals. More generous apartments with 3 bedrooms or more are also available in this city for those in search of more space.
Located southwest of Los Angeles, Lake Forest is a small city in Orange County, California. Known formerly as “El Toro,” the city attracts renters and residents looking for a comfortable lifestyle, stable economy, lush greenery, and diverse community. The small city charm with big-city amenities and the thriving business community make Lake Forest one of the most popular spots for renters relocating from other U.S. cities. Lake Forest is great for renters who love summers, as the temperature typically varies from 47°F to 83°F and rarely goes below 40°F throughout the year. There is almost no snow and minimal rain throughout the year, allowing renters and residents to explore the numerous parks, trails, forests, and outdoor sports opportunities.
Most properties in Lake Forest are owner-occupied, but there are still enough rental options to choose from in planned neighborhoods throughout the city. While most properties were built before 2000, new developments in planned communities with apartments for rent in Lake Forest are also available. Lake Forest’s rental market is diverse, including lakefront properties, single-family homes, equestrian estates and mansions, townhouses, mobile home parks, retirement communities, and apartments for rent. For renters looking for new apartments in Lake Forest, The Meadows, Mountain View, Portola Center, Serrano Summit, and Teresina are planned neighborhoods currently under development. Being a rent-controlled state, California landlords can only increase the yearly rent for 5% plus inflation, capped at 10%. They may collect a reasonable late rent fee, a pre-paid rent, and a security deposit not higher than two months’ rent for unfurnished apartments and three months’ rent for furnished apartments. Terminating the rent lease requires a previous 30 or 60 days’ written notice.
Lake Forest, Orange County, CA has a population of 84,666 according to the most recent data from the U.S. Census Bureau. 43,452 of Lake Forest’s residents are women and 41,214 are men. The median age of those who live in Lake Forest, Orange County, CA is 39.2.
While there aren’t any big malls in Lake Forest, several shopping venues are available for local renters to explore: Lake Forest Town Center, Lake Forest Gateway Shopping Center, and Foothill Ranch Towne Center are the most popular. For more extensive shopping, dining, and entertainment options, renters head to the nearby open-air Irvine Spectrum Center. Most big-box grocery and home goods shopping stores are located near the city’s borders, along Interstate 5. For grocery shopping, renters head to Trader Joe’s, Costco, Walmart, Target, The Home Depot, as well as local markets.
According to U.S. Census data, there are 29,342 households in Lake Forest, Orange County, CA. 21,512 are family households and 7,830 are non-family households. There are 9,978 households with children in Lake Forest and 19,364 households without children. On average, about 2.87 people live in a household in Lake Forest, Orange County, CA.
While there are multiple transportation options, a car is the primary means of transport residents and renters use in Lake Forest. Interstate 5, California State Route 241, and County Road S18 give access to Los Angeles, San Diego, the Inland Empire, and other neighboring areas. The Orange County Transportation Authority provides public bus transport with several stops in the city. AMTRAK and Metrolink are the primary commuter rail service providers for renters traveling by train. Several walking and biking trails are available in the city, but the longest ones are located in the national parks and surrounding woods. Renters looking for ridesharing options have Uber and Lyft available. Located 13 miles away, John Wayne Airport is the closest international airport.
The level of education of the population of Lake Forest, Orange County, CA is as follows: 3% have no high school education, 18% completed some high school, 26% partially completed college, 8% have an Associate Degree, 29% have a Bachelor Degree, and 15% have a Graduate Degree.
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RentCafe is your one-stop shop for finding a great new apartment in Lake Forest, Orange County, CA. Easily search through a wide selection of apartments for rent in Lake Forest, Orange County, CA, and view detailed information about available rentals including floor plans, pricing, photos, amenities, interactive maps, and thorough property descriptions. Property owners and managers are one click away, so feel free to contact them and find out all you need to know about the apartment you’re interested in. Browse Lake Forest, Orange County, CA apartments with rents starting from $1,819 and submit your rental application today!
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