Cheap Apartments for Rent near Balboa, CA from $1,628 (26 Rentals)

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Search the lowest-cost Apartments available for rent right now in Balboa.

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Park Newport
Rent Specials
$2,445 - $4,987
Total Monthly Price

Total Monthly Price

Base Rent
$2,445 - $4,987
Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

Park Newport

1 Park NewportNewport Beach, CA 92660
Corporate Housing
  • Verified
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  • Utilities Included

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Balboa, CA Local Guide

Cheapest Available Balboa Apartments for Rent and Nearby

 

The cheapest available apartment rental in Balboa, CA is a Studio unit found at Mesa Vista Apartments in the Cornerstone neighborhood priced from $1,628. Ponderosa Mobile Estates in the College Park neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,750. Here is today’s list of the most affordable Balboa apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Mesa Vista ApartmentsStudio 456Studio,1BA$1,628
Ponderosa Mobile Estates1 Bedroom + Office1BR,1BA$1,750
Eight 80 Newport BeachBalboa (E1A-N)Studio,1BA$1,975
Pacific ParkPlan B1BR,1BA$2,185
Bay Timbers ApartmentsB2021BR,1BA$2,195
Park NewportWedgeStudio,1BA$2,445
Westside Apartments11A1BR,1BA$2,525
Westbay Apartments2 Bedroom2BR,1BA$2,695
Newport North Apartment HomesPlan 11BR,1BA$2,855
Newport Bluffs Apartment VillageResidencia - Plan 1Studio,1BA$2,895

Best Value Apartments for Rent in Balboa, CA and Nearby

As of August 22, 2026 the best value apartment in the Balboa area is the $3.55 price per square foot Plan 3 Model at Bordeaux Apartment Homes in the in the Turtle Rock neighborhood starting from $4,945. The second greatest value Balboa apartment is the Plan 3 Model at Colony at Fashion Island starting at $5,445 with a $4.28 price per square foot in the UC Irvine neighborhood. Here is today’s list of the best values for Balboa apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Bordeaux Apartment HomesPlan 32BR,2.5BA$3.55
Colony at Fashion IslandPlan 32BR,2BA$4.28
Westbay Apartments2 Bedroom2BR,1BA$2.46
The Parsons22B2BR,2BA$3.55
Baywood Apartment HomesPlan 11BR,1BA$4.16
Newport North Apartment HomesPlan 11BR,1BA$3.87
Westside Apartments11A1BR,1BA$3.61
Bay Timbers ApartmentsB2021BR,1BA$3.14
Pacific ParkPlan B1BR,1BA$4.14
Ponderosa Mobile Estates1 Bedroom + Office1BR,1BA$3.50

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Cheap Balboa Apartments

What is the Cheapest Studio apartment in Balboa?

Currently the most affordable Cheap Studio Apartment in Balboa is at Mesa Vista Apartments listed at $1,628.

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

The lowest price for a Cheap One Bedroom Balboa Apartment is $1,750 at Ponderosa Mobile Estates.

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

Today's best deal for a Cheap Two Bedroom Apartment in Balboa is starting from $2,695 at Westbay Apartments.

What is the most affordable Balboa Three Bedroom Apartment?

The best deal on a cheap Balboa Three Bedroom Apartment rental is at Park Newport and starts from $4,793.

Expert Rental Resources

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.

Articles, How-To's, and Tips

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.