118 Magnolia St
Costa MesaCA92627
Cheap Homes for Rent near Balboa, CA from $2,000 (3 Rentals)
Search the lowest-cost Homes 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.
271 16th Pl
Costa MesaCA92627
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.
112 Corsica Dr
Newport BeachCA92660
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Balboa, CA Local Guide
Bus in field during sunset by Darron Birgenheier is licensed under CC BY 2.0
How much does it cost to rent a home in Balboa?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Balboa 2 Bedroom Homes for Rent | $4,614 | $3,295 | $8,495 |
| Balboa 3 Bedroom Homes for Rent | $11,686 | $5,495 | $10,000+ |
| Balboa 4 Bedroom Homes for Rent | $17,415 | $5,750 | $10,000+ |
| Balboa 5 Bedroom Homes for Rent | $21,000 | $9,000 | $10,000+ |
Browse Top Homes for Rent in Balboa
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Balboa, CA Local Guide
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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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Bordeaux Apartment Homes | Plan 3 | 2BR,2.5BA | $3.55 |
| Colony at Fashion Island | Plan 3 | 2BR,2BA | $4.28 |
| Westbay Apartments | 2 Bedroom | 2BR,1BA | $2.46 |
| The Parsons | 22B | 2BR,2BA | $3.55 |
| Baywood Apartment Homes | Plan 1 | 1BR,1BA | $4.16 |
| Newport North Apartment Homes | Plan 1 | 1BR,1BA | $3.87 |
| Westside Apartments | 11A | 1BR,1BA | $3.61 |
| Bay Timbers Apartments | B202 | 1BR,1BA | $3.14 |
| Pacific Park | Plan B | 1BR,1BA | $4.14 |
| Ponderosa Mobile Estates | 1 Bedroom + Office | 1BR,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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See the most popular apartments and homes in Balboa, CA
Frequently Asked Questions about Balboa
What type of rentals are currently available in Balboa?
There are currently 30 Apartments for Rent in Balboa, CA with pricing that ranges from $1,628 to $11,710. There are also 30 Single Family Homes for rent, Condos, and Townhome rentals currently available in Balboa ranging from $2,000 to $33,000.
What is the current price range for Rental Homes in Balboa?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Balboa ranges from $2,000 to $33,000 with an average monthly rent of $11,408.
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
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.
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.
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.
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.