Colonnade at The Market Place
3000 Marketplace Dr,
Irvine, CA 92602
$3,205 - $5,405
1-2 Beds
Lower Peters Canyon combines the many amenities of the city of Irvine with the wilderness of Santiago Canyon and Peters Canyon. This area is home to luxury apartment communities and incredible single-family homes for rent. Most people who choose this fairly new neighborhood, where construction began in the 1990s, appreciate the community feeling of the canyon, low crime rates, and the proximity of great recreation and shopping opportunities. It’s also easily commutable thanks to Interstate 5 which forms the southern border of the community.
As of December 2025, the average apartment rent in Lower Peters Canyon is $2,578 for a studio, $3,034 for one bedroom, $3,606 for two bedrooms, and $4,423 for three bedrooms. Apartment rent in Lower Peters Canyon has increased by 0.8% in the past year.
Studio
412 sq ft
Average Sq Ft
$2,578/month
Average Rent
1 BR
771 sq ft
Average Sq Ft
$3,034/month
Average Rent
2 BR
1,044 sq ft
Average Sq Ft
$3,606/month
Average Rent
3 BR
1,397 sq ft
Average Sq Ft
$4,423/month
Average Rent
Somewhat Walkable
out of 100 WalkScore® Rating
You might be able to get out and walk when living in this area. Some errands can be accomplished on foot, but for others you’ll need a car.
Some Transit
out of 100 TransitScore® Rating
You'll likely want a car when living in this area since it has few transit options.
Bikeable
out of 100 BikeScore® Rating
While there’s some bike infrastructure in this area, you’ll still need a car for many errands.
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† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in November 2025.