Cheap Apartments for Rent in the Balboa Peninsula Neighborhood of Newport Beach, CA from $1,300 (7 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in the Balboa Peninsula area of Newport Beach.

close
View Me
404 E Balboa Blvd
Studio Apartments

404 E Balboa Blvd

404 E Balboa BlvdNewport Beach, CA 92661
Utilities inc.
close
View Me
The Moana
1 to 3 Bedroom Apartments

The Moana

711 Lido Park DrNewport Beach, CA 92663
Utilities inc.

Balboa Peninsula, Newport Beach, CA Local Guide

Cheapest Available Balboa Peninsula Apartments for Rent

 

The cheapest available apartment rental in the Balboa Peninsula area of Newport Beach, CA is a Studio unit found at Eight 80 Newport Beach priced from $1,791. Park Newport has the second lowest priced unit, which is a Studio apartment currently listed from $2,400. Here are the most affordable Balboa Peninsula apartments for rent in Newport Beach, CA:

Apartment ListingModel NameBed/BathPriced From
Eight 80 Newport BeachBalboa (E1A-N)Studio,1BA$1,791
Park NewportWedgeStudio,1BA$2,400
Promontory Point Apartment HomesPlan 21BR,1BA$3,525

Best Value Apartments for Rent in Balboa Peninsula, CA

As of February 27, 2025 the best value apartment in the Balboa Peninsula area is the $5.25 price per square foot 511 E Balboa Blvd Model at 511 E Balboa Blvd, Unit B in the in the Balboa Island neighborhood starting from $10,500. The second greatest value Balboa Peninsula apartment is the 2BR/1BA with balcony JR Model at The Collective starting at $3,695 with a $3.67 price per square foot in the Upper Newport Bay neighborhood. Here is today’s list of the best values for Balboa Peninsula apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
511 E Balboa Blvd, Unit B511 E Balboa Blvd5BR,3BA$5.25
The Collective2BR/1BA with balcony JR2BR,1BA$3.67
1116 W Balboa Blvd, Unit A1116 W Balboa Blvd2BR,2BA$5.11
Promontory Point Apartment HomesPlan 21BR,1BA$4.37
2001 Cliff Dr, Unit 2001 one half Cliff Dr.2001 Cliff Dr2BR,1BA$4.94
211 Tremont Dr, Unit 211 Tremont211 Tremont Dr1BR,1BA$5.38
Park NewportWedgeStudio ,1BA$4.68
Eight 80 Newport BeachDune I (E1B-S)Studio ,1BA$4.64
215 29th St, Unit C215 29th StStudio ,1BA$5.75

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Balboa Peninsula, Newport Beach, CA

Ranked #42

Among neighborhoods in Newport Beach, CA for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

decorative image of woman handing cat to small boy

Frequently Asked Questions about Cheap Balboa Peninsula Apartments

What is the Cheapest Studio apartment in Balboa Peninsula?

Currently the most affordable Cheap Studio Apartment in Balboa Peninsula is at Eight 80 Newport Beach listed at $1,791.

How much is rent for a Cheap One Bedroom Balboa Peninsula Apartment?

The lowest price for a Cheap One Bedroom Balboa Peninsula Apartment is $2,114 at Eight 80 Newport Beach.

What is the lowest price for a Cheap Two Bedroom Balboa Peninsula Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Balboa Peninsula is starting from $2,607 at Eight 80 Newport Beach.

What is the most affordable Balboa Peninsula Three Bedroom Apartment?

The best deal on a cheap Balboa Peninsula Three Bedroom Apartment rental is at Park Newport and starts from $5,058.

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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.

decorative image for What to Know About Fees and Fines When Renting article

What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

decorative image for How Your Move-In Inspection Can Protect Your Security Deposit  article

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.

decorative image for Signing Your Apartment Lease: The Basics article

Signing Your Apartment Lease: The Basics

Written by: Trey Huguley

When you're about to sign a lease for the first time, it can feel a bit overwhelming. You don’t want to miss any important details hidden in the fine print.