Tustin sits at the geographic center of OC and benefits from Tustin Legacy mixed-use redevelopment. Steady demand from healthcare workers (St. Joseph network), tech (adjacent Irvine), and families wanting OC living at sub-coastal prices.
| Metric | Tustin | OC Average |
|---|---|---|
| Avg 1-BR rent | $2,480 | $2,847 |
| Avg 2-BR rent | $3,150 | $3,591 |
| Avg 3-BR rent | $3,980 | $4,510 |
| Vacancy rate | 4.6% | 4.1% |
| Days to lease | 20 days | 18 days |
| YoY rent change | +1.8% | +2.8% |
| Renter household share | 48% | 41% |
Cap rates in Tustin currently range from 4.4% (Class A) to 5.1% (Class C / value-add) per NGC observations of recent transactions. The renter base skews toward young families, healthcare and professional services workers.
Use Tustin's rent and vacancy as a reference point against the rest of Orange County. Tustin sits in the Central OC submarket and competes for tenants with adjacent cities. Tenants priced out of Tustin 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 Tustin is $2,480/mo for a 1-bedroom, $3,150/mo for a 2-bedroom, and $3,980/mo for a 3-bedroom. Year-over-year rent change is +1.8%.
The average rental property in Tustin leases in 20 days. Vacancy rate is 4.6%, softer than the OC county average of 4.1%.
Cap rates in Tustin currently range from 4.4% to 5.1% depending on property class. Coastal Class A is at the low end; older value-add multifamily trades at the high end.
Approximately 48% of Tustin households are renters per US Census ACS 2019-2023 5-year estimates. This is roughly the OC average renter share.
For investors, Tustin offers central oc exposure with cap rates in the 4.4–5.1% range. Rent growth is positive (+1.8% YoY) and vacancy is manageable. See our OC Investor Guide for full underwriting framework.
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