1 / 20
$4,600FOR RENT
3 beds · 4 baths · 1,695 sqft
Koinos Real Estate Group
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4 rentals in Portola Springs
Rentals in Portola Springs, Irvine
Portola Springs Rental Market
$6,200
Median Rent
4
Available
0
New This Week
144 Elkhorn, Irvine, CA 92618
1 / 20
$6,750FOR RENT
4 beds · 5 baths · 2,933 sqft
Berkshire Hathaway HomeService
1 / 15
$6,200FOR RENT
4 beds · 4 baths · 2,340 sqft
Pinnacle Real Estate Group
1 / 20
$6,200FOR RENT
4 beds · 4 baths · 1,999 sqft
Pinnacle Real Estate Group
About Renting in Portola Springs
Portola Springs Rental Market Overview
Renters in Portola Springs are looking at a median asking rent of $6,200. Compared with Irvine overall, that is a 19.2% premium. Portola Springs has 4 active rental listings on the market right now. The area is served by five schools with a Topfind School Score of 8 or higher, including Portola Springs Elementary and Loma Ridge Elementary.
About Irvine: Portola Springs is a neighborhood in Irvine. Irvine is a planned city in central Orange County, California, United States, in the Los Angeles metropolitan area. It was named in 1888 for the landowner James Irvine. The Irvine Company started developing the area in the 1960s. The city was formally incorporated on December 28, 1971. The 66-square-mile (170 km2) city had a population of 318,629 as of June 2025. As of 2025, it is the second most populous city in Orange County, fifth in the Greater Los Angeles region, and 63rd in the United States.
Portola Springs is a popular neighborhood in Irvine, CA for renters. Currently, there are 4 rental properties available with a median rent of $6,200/month.
Irvine Rental Market
Irvine Rental Pulse
Topfind Market Read
Landlords hold the edge right now. The typical rental leases in about 19 days, and 79% of current listings are under 30 days old. At the same time, 26% of landlords have trimmed their asking rent, so the market is not running away from renters. Expect competition for well-priced units and have your application ready to go.
Renter leverageBalancedLandlord leverage
Median Rent
$5,200/mo
↑ 5% over the past yearChart shows the median closed lease rate by month
$5.3K$4.8K$4.4K$4.1K
Sep 25
Dec 25
Mar 26
Jun 26
Months of Rental Inventory
Estimated time to lease all rentals at the current leasing pace
2.7 months of supply
Tight Supply396 active rentals against the current leasing pace works out to about 2.7 months of supply.
Tight (<3 mo)
Balanced (3 to 6 mo)
Ample (6+ mo)
2.7
0369+
What this means for renters
Rental inventory is tight relative to how many homes get leased each month, so renters have fewer options and well-priced units draw competition. Rentals typically lease in ~19 days.
● Tight: strong demand● Balanced: steady pace● Ample: more choice
Rental Velocity
How fast rentals are leasing
Rentals are leasing quickly, so be prepared to apply fast when you find a good fit. Leasing is 57% faster than six months ago.
● <30d: Fast● 30-45d: Steady● 45d+: Slower
Rental Inventory Distribution
Most current rental listings are under 30 days old, so the mix skews toward fresh inventory.
New
Active
Aging
Stale
Under 30 days → competitive, act quicklyOver 60 days → potential negotiation opportunities
Affordability Snapshot
Typical rent
$5,200/mo
Median rent
Affordable budget (30%)
$3,241/mo
Based on median income
Median household income
$10,804/mo
Irvine
$0$3,250$6,500
Affordable portion ($3,241)Unaffordable excess ($1,959)Total: $5,200/mo
$1,959/mo above what's considered affordable
Typical rent costs about 48% of the median household's income.
The standard recommendation is to spend ≤30% of income on rent.
Income needed to afford typical rent comfortably
$208K/year
Assumes rent ≤30% of income
Median Rent by Bedroom
Rent increases significantly with bedroom count, with larger units commanding premium prices.
1 Bed$2,546
2 Bed$4,121
3 Bed$5,204
4 Bed$7,293
5 Bed$11.6K
Each additional bedroom adds about $2,254/mo to rent on average.
Largest increase: 4 → 5 bedrooms (+$4,267/mo)
Rent Reductions
103
103 listings have reduced their rent
26% of active listings
Average reduction: 17.9% (~$931/mo)
A sizable share of landlords have trimmed their asking rent. Those listings are the clearest place to negotiate.
Nearby Neighborhoods
Schools Serving Portola Springs
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