Menifee, CA Rental Market Trends
Highlights
The average rent for an apartment in Menifee is $1,639, a 3% increase compared to the previous year, when the average rent was $1,595.
Average Rent in Menifee, CA
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,639 | 3% | 958 sq. ft. |
The average size for a Menifee, CA apartment is 958 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Menifee, CA Apartment Rent Ranges
- $1,001-$1,50023%
- $1,501-$2,00076%
- > $2,0001%
Menifee, CA Occupied Housing Units
- Renter-occupied Households26%
- Owner-occupied Households73%
7,880 or 26% of the households in Menifee, CA are renter-occupied while 21,944 or 73% are owner-occupied.
Menifee, CA Rent Trends
| Average Rent | Mar / 2017 | Jul / 2017 | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Jan / 2020 |
|---|---|---|---|---|---|---|---|---|---|
| Menifee, CA | $1,401 | $1,412 | $1,446 | $1,450 | $1,453 | $1,595 | $1,569 | $1,614 | $1,639 |
| National | $1,347 | $1,379 | $1,381 | $1,384 | $1,420 | $1,429 | $1,433 | $1,469 |
How Menifee Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Los Angeles | $2,528 | 3% |
| San Francisco | $3,683 | 2% |
| San Diego | $2,223 | 2% |
| Long Beach | $2,104 | 5% |
| Sacramento | $1,443 | 5% |
| Temecula | $1,739 | 5% |
| Temecula City | $1,749 | 5% |
| Menifee | $1,639 | 3% |
| Murrieta | $1,720 | 6% |
| Murrieta City | $1,733 | 7% |
| Sun City | $1,613 | -1% |
For more information about the Menifee rental trends, check out our monthly rent report
Check out California Cities, California Neighborhoods and California Zip Codes for more details on verified listings, including the California Average Rent.
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