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Irvine Apartments For Rent

The city of Irvine, California is an entirely planned city and the recipient of many honors. Conceived, designed, and developed in the 1960's by the Irvine corporation, the city is located in Orange County and is home to many famous people and celebrities. In 2008, CNNMoney.com rated Irvine as the fourth best city for living in the United States due to its abundance of quality education, housing, and employment.

Additionally, Irvine has the lowest violent crime rate of all major cities in the nation. As if that is not enough, the city also the seventh highest percentage of people with doctoral degrees. With a total population of 212,793, the city is California's 16th largest.

All these accolades do come with a price. The cost of living is 53 percent higher than the national average and housing costs in Irvine are considered the highest of any city with more than 100,000 people. This extends to rental locations as well as properties available for purchase. In Irvine, the lowest possible price for an apartment is $1360 per month for a basic studio. Four bedroom apartments can fetch prices up to $3700 and have an astounding average price of $3000 per month. These high prices can be very cost-prohibitive to potential residents. It's a good thing that Irvine also boasts the seventh highest median income in American cities.

The weather forecast for Irvine is always sunny, but the rental market forecast is another story entirely. Most experts predict that as long as demand for housing in the area remains stable, the cost for apartments and other rental properties will continue to rise. All property types are available in decent numbers and in all neighborhoods expect for ultra-exclusive communities such as Shady Canyon. Irvine may be an exceptionally great place to live, but the cost to live there can be severely daunting.