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Orange County apartment demand rises, but new supply lifts overall vacancy

Fewer projects ahead may tighten the rental market
Meridian at The Market Place, a new 831-unit Irvine Co. property, opened this year. (CoStar)
Meridian at The Market Place, a new 831-unit Irvine Co. property, opened this year. (CoStar)
CoStar Analytics
August 5, 2026 | 6:48 P.M.

Orange County apartment demand continued to expand in the second quarter, but a wave of newly completed properties pushed overall vacancy higher as supply growth slightly exceeded absorption.

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