
Cheap Apartments for Rent in the Balboa Peninsula Neighborhood of Newport Beach, CA from $1,300 (9 Rentals)
Search the lowest-cost Apartments available for rent right now in the Balboa Peninsula area of Newport Beach.


Beach House Apartments

Park Newport

311 E Bay Ave

Newport Villa Apartments

AVA Newport
Balboa Peninsula, Newport Beach, CA Local Guide

How much does it cost to rent an apartment in Balboa Peninsula?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Balboa Peninsula Studio Apartments | $2,250 | $1,804 | $2,999 |
Balboa Peninsula 1 Bedroom Apartments | $3,046 | $1,999 | $6,700 |
Balboa Peninsula 2 Bedroom Apartments | $3,803 | $2,613 | $8,625 |
Balboa Peninsula 3 Bedroom Apartments | $9,597 | $4,380 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 9 rentals with your search options within a 1 mile radius of the Balboa Peninsula Neighborhood of Newport Beach, CA.
See all Apartments in Newport BeachExplore Newport Beach
Balboa Peninsula, Newport Beach, CA Local Guide
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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 $1,804. AVA Newport has the second lowest priced unit, which is a Studio apartment currently listed from $2,065. Here are the most affordable Balboa Peninsula apartments for rent in Newport Beach, CA:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Eight 80 Newport Beach | Dune I (E1B-S) | Studio,1BA | $1,804 |
AVA Newport | S1 | Studio,1BA | $2,065 |
Beach House Apartments | Studio | Studio,1BA | $2,175 |
Best Value Apartments for Rent in Balboa Peninsula, CA
As of April 05, 2025 the best value apartment in the Balboa Peninsula area is the $4.81 price per square foot 202 Agate Ave Model at 202 Agate Ave, Unit 202 Agate Balbo Island CA in the in the Balboa Island neighborhood starting from $6,250. The second greatest value Balboa Peninsula apartment is the Plan 1 Model at Colony at Fashion Island starting at $4,065 with a $4.03 price per square foot in the Spyglass Hill neighborhood. Here is today’s list of the best values for Balboa Peninsula apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
202 Agate Ave, Unit 202 Agate Balbo Island CA | 202 Agate Ave | 3BR,2BA | $4.81 |
Colony at Fashion Island | Plan 1 | 1BR,1BA | $4.03 |
The Collective | 2BR/1BA with balcony JR | 2BR,1BA | $3.67 |
Newport Villa Apartments | 1 Bedroom | 1BR,1BA | $3.04 |
Promontory Point Apartment Homes | Plan 1 | 1BR,1BA | $4.70 |
Park Newport | Wedge | Studio ,1BA | $4.47 |
Beach House Apartments | Studio | Studio ,1BA | $4.35 |
Eight 80 Newport Beach | Balboa (E1A-N) | Studio ,1BA | $4.95 |
AVA Newport | S1 | Studio ,1BA | $6.45 |
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Pet Friendly LifestyleBalboa Peninsula, Newport Beach, CA
Ranked #42
Among neighborhoods in Newport Beach, CA for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
2.5Pet Friendly
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 $1,804.
How much is rent for a Cheap One Bedroom Balboa Peninsula Apartment?
The lowest price for a Cheap One Bedroom Balboa Peninsula Apartment is $1,999 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 $2,613 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 $5,258.
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.