Laguna Niguel, California Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Laguna Niguel, California rental market.
Laguna Niguel, California
Average Apartment Rent
$2,914
Y-o-Y Change in Average
Apartment Rent
-1%
As of November 2024
Compared to a year ago, Laguna Niguel, California apartments have recorded a -1% rent decrease.
Laguna Niguel, California Average apartment rent trend
Laguna Niguel, California Average Apartment Rent
Laguna Niguel, California Housing tenure**
Renters take up 34% of Laguna Niguel, California real estate, occupying a total of 8,570 units, while homeowners live in 16,669 properties.
Median number of rooms of renter-occupied housing units**
4.2
Renter median household income**
$100,082
Average household size of renter-occupied housing units**
2.51
Rental vacancy rate**
3.6%
Laguna Niguel, California Renter-occupied housing units by no. of bedrooms**
There are 3,900 rentals in Laguna Niguel, California with 2 beds making up the highest share of the market, at 46%. Units with 5 or more beds, on the other hand, hold the lowest percentage (2%), amounting to 210 units. Overall, the median number of rooms in Laguna Niguel, California homes for rent is 4.2.
Laguna Niguel, California Renter-occupied units by age of householder**
Most condos for rent in Laguna Niguel, California are occupied by residents in the 25 - 34 years age group (24%), followed by those in the 45 - 54 years age group (21%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 2%.
Laguna Niguel, California Renter-occupied housing units by family type**
Laguna Niguel, California Renter-occupied housing units by the presence of own children**
A total of 5,077 apartments for rent in Laguna Niguel, California, or 59% of all rentals are family households. Additionally, 29% of rental homes include children under the age of 18 – that’s 2,490 units. All in all, the median size of a renter-occupied household in Laguna Niguel, California is 2.51.
Laguna Niguel, California Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 47% of the rental market. In contrast, residents with less than a high school degree reside in 6% of the homes for rent in Laguna Niguel, California.
Laguna Niguel, California Renter-occupied units by year structure built**
The highest share of Laguna Niguel, California apartment rentals, namely 41% or 3,506 units, were Built 1980 - 1989, followed by those Built 1990 - 1999 (20%, 1,697 units), and the ones Built 1970 - 1979 (16%, 1,405 units).
Laguna Niguel, California Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most Laguna Niguel, California renters (44%) moved in 2018 to 2020, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Laguna Niguel, California condos for rent is 2018.
Laguna Niguel, California Renter-occupied housing units by vehicles available**
When it comes to transportation options, 42% of Laguna Niguel, California renters have 2 vehicles available per household, 35% of them have 1 vehicle available, and 15% have 3 vehicles available.
Laguna Niguel, California Means of transportation to work of householders living in renter-occupied housing units**
Laguna Niguel, California Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Laguna Niguel, California apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
