Anaheim is OC's largest renter-majority city and the center of the tourism/hospitality economy. Disneyland Resort alone employs 30,000+. The Platinum Triangle is delivering significant new luxury apartment supply (1,100+ units in 2025), creating competitive pressure specifically at the high end while mid-tier rents remain steady.
| Metric | Anaheim | OC Average |
|---|---|---|
| Avg 1-BR rent | $2,260 | $2,847 |
| Avg 2-BR rent | $2,870 | $3,591 |
| Avg 3-BR rent | $3,590 | $4,510 |
| Vacancy rate | 4.8% | 4.1% |
| Days to lease | 22 days | 18 days |
| YoY rent change | +1.1% | +2.8% |
| Renter household share | 55% | 41% |
Cap rates in Anaheim currently range from 4.6% (Class A) to 5.4% (Class C / value-add) per NGC observations of recent transactions. The renter base skews toward disneyland and tourism workforce, families, multifamily renters.
Use Anaheim's rent and vacancy as a reference point against the rest of Orange County. Anaheim sits in the Central OC submarket and competes for tenants with adjacent cities. Tenants priced out of Anaheim typically look one tier inland (or, conversely, save up to move closer to the coast).
For deeper comparison, see our complete OC city profile comparison, the OC Rental Investor Guide for cap rate analysis, or our renter demographics breakdown to understand who actually rents in OC.
As of April 2026, average rent in Anaheim is $2,260/mo for a 1-bedroom, $2,870/mo for a 2-bedroom, and $3,590/mo for a 3-bedroom. Year-over-year rent change is +1.1%.
The average rental property in Anaheim leases in 22 days. Vacancy rate is 4.8%, softer than the OC county average of 4.1%.
Cap rates in Anaheim currently range from 4.6% to 5.4% depending on property class. Coastal Class A is at the low end; older value-add multifamily trades at the high end.
Approximately 55% of Anaheim households are renters per US Census ACS 2019-2023 5-year estimates. This is a renter-majority city.
For investors, Anaheim offers central oc exposure with cap rates in the 4.6–5.4% range. Rent growth has been flat, so investors should focus on value-add or income strategies rather than rent appreciation. See our OC Investor Guide for full underwriting framework.
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