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Santa Ana Apartments For Rent

Santa Ana is the third largest element of the Los Angeles-Long Beach-Santa Ana metropolitan area and with about 350,000 residents; it ranks as the ninth largest city in California. Santa Ana also has the distinction of having the highest density of residents per housing unit in the United States at 4.6 and being the countrys fourth most densely populated city.

In view of this, it can come as no surprise that housing goes for a premium in Santa Ana. The cost of living in Santa Ana is 50 percent higher than the national average and housing expenses are 160 percent higher than the national average. Santa Ana is, after all, the seat of Orange County which is not particularly known for being a budget destination.

The apartment rental market in Santa Ana is in a similar position as that of Los Angeles, while Long Beach is doing much better; at least from the apartment hunters perspective. There have been some new renters coming from those who were formerly homeowners and many pre-recession renters have opted to stay put. However, at the same time many distressed property owners are now renting out their properties and many younger people are moving in with friends or family, so not entering the apartment market at all. These two counter-balancing forces have managed to keep the market fairly stable with rental rates not shifting significantly either up or down. The rents have gone down slightly, but not enough to matter to most renters.

Though rental properties are available, apartment hunters should not be expecting to find many incentives or to have much negotiating room with the landlords. A person moving to this metropolitan area and looking for a deal should probably consider looking a Long Beach instead, where rental rates are around 25 percent lower than Los Angeles or Oakland. However, if money is not a primary issue, there are plenty of very nice apartments available in Santa Ana.