271 16th Pl
Costa MesaCA92627
Cheap Homes for Rent in Balboa Island Neighborhood of Newport Beach, CA from $3,000 (2 Rentals)
Search the lowest-cost Homes available for rent right now in the Balboa Island area of Newport Beach.
3121 Coast Hwy
Newport BeachCA92663
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
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Balboa Island, Newport Beach, CA Local Guide
How much does it cost to rent a home in Balboa Island?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Balboa Island 2 Bedroom Homes for Rent | $5,961 | $3,095 | $10,000+ |
| Balboa Island 3 Bedroom Homes for Rent | $10,489 | $4,800 | $10,000+ |
| Balboa Island 4 Bedroom Homes for Rent | $20,009 | $6,495 | $10,000+ |
| Balboa Island 5 Bedroom Homes for Rent | $19,166 | $10,000 | $10,000+ |
Browse Homes for Rent in this Neighborhood
There are currently 2 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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Best Value Apartments for Rent in Balboa Island, CA
As of April 29, 2025 the best value apartment in the Balboa Island area is the $3.82 price per square foot Plan 2 Model at Colony at Fashion Island in the in the Spyglass Hill neighborhood starting from $4,155. The second greatest value Balboa Island apartment is the 2BR/ 2 BA + BALCONY Model at The Collective starting at $3,845 with a $3.58 price per square foot in the Upper Newport Bay 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. |
|---|---|---|---|
| Colony at Fashion Island | Plan 2 | 1BR,1BA | $3.82 |
| The Collective | 2BR/ 2 BA + BALCONY | 2BR,2BA | $3.58 |
| 1606 Westcliff Dr. | 2 Bed 1 3/4 Bath | 2BR,1.75BA | $3.70 |
| Baywood Apartment Homes | Plan 1 | 1BR,1BA | $3.19 |
| Newport Palms Apartments | 2x1 B | 2BR,1BA | $3.26 |
| Promontory Point Apartment Homes | Plan 1 | 1BR,1BA | $4.72 |
| Newport North Apartment Homes | Plan 2 | 1BR,1BA | $4.07 |
| Newport Bluffs Apartment Village | Residencia - Plan 1 | Studio ,1BA | $4.65 |
| Beach House Apartments | Studio | Studio ,1BA | $4.55 |
| Eight 80 Newport Beach | Balboa (E1A-N) | Studio ,1BA | $4.74 |
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Frequently Asked Questions about Balboa Island
What type of rentals are currently available in Balboa Island?
There are currently 314 Apartments for Rent in Balboa Island, CA with pricing that ranges from $1,815 to $50,000. There are also 53 Single Family Homes for rent, Condos, and Townhome rentals currently available in Balboa Island ranging from $3,095 to $40,900.
What is the current price range for Rental Homes in Balboa Island?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Balboa Island ranges from $3,095 to $40,900 with an average monthly rent of $11,805.
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.
Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.
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.