How Much Does It Cost to Rent in Corona del Mar? May 2026 Market Report
Key Takeaways
- 26 leases closed in May; median closed rent was $8,500/month
- Median days on market for closed leases: 16 days
- Median lease-to-list ratio: 100.0% — renters are paying full asking
- 73 active listings remain, with a median asking rent of $12,500/month
- Closed leases averaged $6.02/sqft; active listings average $7.57/sqft
- Range spans $3,500/month (1BD) to $40,000/month (estate-level)
What the May 2026 Numbers Actually Tell You
Corona del Mar's rental market in May 2026 is a study in two speeds. Properties priced at or below the median of $8,500 a month are leasing fast, a median of 16 days and closing at asking. The inventory absorbing slowly is the upper tier: luxury estates and ocean-adjacent properties listed well above $20,000 a month, which are pulling the active-inventory average up to $17,588 while accounting for the longer average days on market of 122 days.
The practical read: if you're a landlord, pricing accurately puts you in contract inside three weeks. If you're a renter, well-priced units in Corona del Mar do not sit. Speed matters here.
Corona del Mar Apartment & Home Rental Rates — May 2026
The table below breaks out key metrics by market status, active listings currently available and leases that closed during May 2026. Use this as a reference point whether you're budgeting a move or benchmarking a rental property.
| Metric | Active Listings (73) | Closed Leases (26) |
|---|---|---|
| Median Monthly Rent | $12,500 | $8,500 |
| Average Monthly Rent | $17,588 | $12,500 |
| Minimum Rent | $3,100 | $3,500 |
| Maximum Rent | $100,000 | $40,000 |
| Median Days on Market | 64 days | 16 days |
| Average Days on Market | 122 days | 41 days |
| Median $/SqFt per Month | $6.34 | $5.90 |
| Average $/SqFt per Month | $7.57 | $6.02 |
| Median Beds / Baths | 3 BD / 3 BA | 3 BD / 3 BA |
| Median Square Footage | 2,010 sqft | 1,758 sqft |
| Median Lease-to-List Ratio | N/A | 100.0% |
| Average Lease-to-List Ratio | N/A | 98.6% |
| Highest Lease-to-List Recorded | N/A | 107.1% |
| Median Year Built | 1990 | 1972 |
| Total Rent Volume (Closed) | — | $325,000 aggregate |
Source: CRMLS residential lease data, Corona del Mar, CA 92625. Period: April 30 – May 30, 2026. Data reflects standard residential lease transactions only.
Active Inventory: 73 Properties, Two Very Different Markets
Seventy-three homes are actively listed for lease in Corona del Mar as of May 30, 2026. The spread is wide, from a $3,100-per-month single-bedroom unit to a $100,000-per-month estate. That range means the average ($17,588) and the median ($12,500) tell different stories.
The median is the more useful number for most renters. A typical available home is 3 bedrooms, 3 bathrooms, roughly 2,010 square feet, built around 1990, and asking $12,500 a month. At $6.34 per square foot, that's a premium over the broader Orange County coastal average — and consistent with what buyers have long understood about CdM: the zip code itself carries value.
The 122-day average days on market for active listings reflects the luxury tail. Estate-level properties with eight-figure price tags and six-figure monthly rents require specific, often international, tenants. The 64-day median tells a truer story for the mid-market: properties priced accurately are leasing in about two months or less.
Closed Leases: 26 Transactions, Fast and at Full Asking
Twenty-six leases closed during the May 2026 window. The median closed rent of $8,500 per month with a median days-on-market of 16 days signals that the entry and mid-tiers of Corona del Mar's rental market are tight. Renters competing for a well-located 3-bedroom under $10,000 a month should expect to move quickly and to pay asking price.
The data confirms that. The median lease-to-list ratio was exactly 100.0%. The average was 98.6%. One lease closed at 107.1% above asking, which is uncommon in the rental market and indicates competitive demand for a specific, desirable unit. The range of closed rents spans $3,500 to $40,000 a month, reflecting the same depth of product type as the active market.
At $6.02 per square foot for closed transactions, CdM renters are paying a meaningful premium over inland Orange County but landing inside a range consistent with the lifestyle and location on offer: walkable to the village, minutes from the beach, and in one of the most architecturally cohesive coastal communities in Southern California. For broader context on how CdM compares month over month, see the full market report archive.
What This Means for Landlords in Corona del Mar
The data makes a clear case for accurate initial pricing. Properties that close in 16 days at 100% of asking are not underpriced, they're priced correctly. Overpricing leads to extended market time; the 785-day outlier in active listings is an extreme example of what happens when a listing stays unresolved at an unsupported price point.
For landlords with properties in the $6,000–$12,000 range: demand is real, absorption is healthy, and a well-prepared home, maintained, professionally photographed, correctly positioned on price, should lease within 30 to 45 days in this environment. Above $20,000 a month, the tenant pool narrows considerably and patience is part of the strategy. Thinking about selling instead of leasing? Get a current valuation on your Corona del Mar property.
What This Means for Renters Looking at Corona del Mar
If $8,500 to $12,000 a month is your range, prepare to act. The best-positioned homes in that tier are moving in two to three weeks. Have your financials ready — most CdM landlords require proof of income at three times the monthly rent, a credit pull, and references from prior landlords. Showing up prepared is itself a competitive advantage in a market this tight.
Above $15,000 a month, you have more time and more leverage. Active inventory at that level carries longer market times, and landlords are generally more flexible on lease terms, move-in dates, and minor modifications. The $40,000-per-month home that closed this month is the ceiling of what actually transacts; listings above that remain aspirational until the right tenant arrives.
Frequently Asked Questions: Corona del Mar Rental Market 2026
What is the average rent in Corona del Mar in 2026?
The average closed lease rent in Corona del Mar was $12,500 per month in May 2026. The median closed rent was $8,500 per month. Active listings show higher asking rents, averaging $17,588 with a median of $12,500, due to a range of properties that extends from $3,100 to $100,000 per month.
How fast do homes lease in Corona del Mar?
Homes that closed in May 2026 leased in a median of 16 days on market. The average was 41 days. Correctly priced properties in the $7,000–$12,000 range are the fastest-moving segment. Well-located walk-to-village or ocean-proximity units are often in application within the first week of listing.
What is the price per square foot to rent in Corona del Mar?
Closed leases averaged $6.02 per square foot per month in May 2026, with a median of $5.90/sqft. Active listings are priced higher, averaging $7.57/sqft — reflecting landlord optimism at the luxury end of the market.
Are landlords getting their asking rent in Corona del Mar?
Yes. The median lease-to-list ratio for May 2026 closed transactions was 100.0%. The average was 98.6%. One lease closed at 107.1% of asking price. The market is not discounting at the mid-tier, properly priced homes are leasing at or above ask.
How much does a 3-bedroom rental cost in Corona del Mar?
The median closed lease in May 2026 was a 3-bedroom, 3-bathroom home at $8,500 per month and 1,758 square feet. Active 3-bedroom listings show a median asking rent of $12,500 per month. Size, condition, proximity to the beach, and view category drive meaningful variation within that range.
Is now a good time to rent in Corona del Mar?
Demand is consistent and inventory is not growing rapidly, 73 active listings serve a community that continues to attract relocation tenants, seasonal renters, and long-term coastal residents. Renters at the mid-tier face competition. Those targeting the $15,000-and-above range will find more negotiating room. Either way, waiting typically does not improve position in this market. Learn more about living in Corona del Mar.
All statistics in this report are drawn from the California Regional Multiple Listing Service (CRMLS) for residential lease transactions in the City of Corona del Mar, CA (92625). The dataset covers the period April 30, 2026 through May 30, 2026. Active status reflects listings current as of May 30, 2026. Closed status reflects leases that executed and closed within the reporting period. Data includes standard residential lease transactions only; commercial leases and unlisted rentals are excluded. All figures represent the as-reported MLS data and have not been seasonally adjusted. Victor Vasu, DRE #01015709, compiled and analyzed this data on behalf of the Stanfield Real Estate Group, Pacific Sotheby's International Realty.
