Orange County, California, posted the nation’s strongest rise in apartment rents in 2023 with a 4% increase, but a downturn in the county's Irvine apartment rents from December 2023 into February 2024 has already pulled the market's trailing-year rent growth back to 2.7%.
Apartment Rents in Irvine and Newport Beach Inch Down
Rents in More Affordable North County Cities Maintain Slightly Positive Trajectory
CoStar Analytics
February 21, 2024 | 6:11 P.M.
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