
Cheap Apartments for Rent in the Balboa Island Neighborhood of Newport Beach, CA from $1,300 (14 Rentals)
Search the lowest-cost Apartments available for rent right now in the Balboa Island area of Newport Beach.


Beach House Apartments

Park Newport

Newport Bluffs Apartment Village

AVA Newport
Balboa Island, Newport Beach, CA Local Guide

How much does it cost to rent an apartment in Balboa Island?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Balboa Island Studio Apartments | $2,312 | $1,728 | $4,285 |
Balboa Island 1 Bedroom Apartments | $3,506 | $1,970 | $8,635 |
Balboa Island 2 Bedroom Apartments | $4,193 | $2,630 | $10,000+ |
Balboa Island 3 Bedroom Apartments | $6,103 | $4,340 | $8,900 |
Browse Apartments in this Neighborhood
There are currently 14 rentals with your search options within a 2 mile radius of the Balboa Island Neighborhood of Newport Beach, CA.
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Balboa Island, Newport Beach, CA Local Guide
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Cheapest Available Balboa Island Apartments for Rent
 The cheapest available apartment rental in the Balboa Island area of Newport Beach, CA is a Studio unit found at Eight 80 Newport Beach priced from $1,728. Park Newport has the second lowest priced unit, which is a Studio apartment currently listed from $2,450. Here are the most affordable Balboa Island apartments for rent in Newport Beach, CA:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Eight 80 Newport Beach | Balboa I (E1A-S) | Studio,1BA | $1,728 |
Park Newport | Wedge | Studio,1BA | $2,450 |
Newport Bluffs Apartment Village | Residencia - Plan 1 | Studio,1BA | $2,595 |
Newport North Apartment Homes | Plan 2 | 1BR,1BA | $2,795 |
Newport Palms Apartments | 2x2 C | 2BR,2BA | $2,883 |
Best Value Apartments for Rent in Balboa Island, CA
As of March 25, 2025 the best value apartment in the Balboa Island area is the $2.82 price per square foot Plan 5 Model at Baywood Apartment Homes in the in the Turtle Ridge neighborhood starting from $4,595. The second greatest value Balboa Island apartment is the 2 Bed 2 Bath Model at Fairway at Big Canyon starting at $4,729 with a $3.15 price per square foot in the Spyglass Hill neighborhood. Here is today’s list of the best values for Balboa Island apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Baywood Apartment Homes | Plan 5 | 3BR,2.5BA | $2.82 |
Fairway at Big Canyon | 2 Bed 2 Bath | 2BR,2BA | $3.15 |
296 16th Pl, Unit B | 296 16th Pl | 2BR,1.5BA | $2.80 |
Colony at Fashion Island | Plan 2 | 1BR,1BA | $3.88 |
The Collective | 2BR/1BA with balcony JR | 2BR,1BA | $3.67 |
Newport Palms Apartments | 2x2 C | 2BR,2BA | $3.03 |
Newport North Apartment Homes | Plan 2 | 1BR,1BA | $3.93 |
Newport Bluffs Apartment Village | Residencia - Plan 1 | Studio ,1BA | $4.73 |
Park Newport | Wedge | Studio ,1BA | $4.78 |
Eight 80 Newport Beach | Dune I (E1B-S) | Studio ,1BA | $4.52 |
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Pet Friendly LifestyleBalboa Island, Newport Beach, CA
Ranked #39
Among neighborhoods in Newport Beach, CA for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Best Local Schools in Balboa Island, Newport Beach, CA
Newport Harbor High
Horace Ensign Intermediate
School data provided by Great Schools
Best Local Schools in Balboa Island, Newport Beach, CA
Newport Harbor High
Horace Ensign Intermediate
School data provided by Great Schools
Getting Around the Balboa Island Neighborhood in Newport Beach, CA
Walk Score®
78 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
68 / 100
Bikeable
Some bike infrastructure
Transit Score®
36 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Balboa Island Apartments
What is the Cheapest Studio apartment in Balboa Island?
Currently the most affordable Cheap Studio Apartment in Balboa Island is at Eight 80 Newport Beach listed at $1,728.
How much is rent for a Cheap One Bedroom Balboa Island Apartment?
The lowest price for a Cheap One Bedroom Balboa Island Apartment is $1,970 at Eight 80 Newport Beach.
What is the lowest price for a Cheap Two Bedroom Balboa Island Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Balboa Island is starting from $2,630 at Eight 80 Newport Beach.
What is the most affordable Balboa Island Three Bedroom Apartment?
The best deal on a cheap Balboa Island Three Bedroom Apartment rental is at Baywood Apartment Homes and starts from $4,595.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

How Your Move-In Inspection Can Protect Your Security Deposit
Written by: Christine Leonard, Esq.
If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.