
Cheap Apartments for Rent in the Balboa Island Neighborhood of Newport Beach, CA from $1,300 (33 Rentals)
Search the lowest-cost Apartments available for rent right now in the Balboa Island area of Newport Beach.


Total Monthly Price
Park Newport

Baywood Apartment Homes

1530 Miramar Dr

Newport Bluffs Apartment Village

Westcliff

Total Monthly Price
816 Amigos Way, Unit A

126 E Balboa Blvd
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.

Promontory Point Apartment Homes

926 W Balboa Blvd

915 E Balboa Blvd

4200 Shorecrest Ln

2101 E 15th St, Unit 8

Colony at Fashion Island

324 E Balboa Blvd, Unit B

Seaview Plaza
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

404 E Balboa Blvd

The Moana

Bedford Apartments

Rutland Apartments

Westview Apartments

1142 Rutland Rd

Bayshore Apartments

1069 Buckingham Ln
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

1601-1801 E 15th Street

1069 Buckingham Lane, 1601-1728 Bedford Lane

393-395 Broadway

Eastside Haven at 17th

1612 Orange Ave

Total Monthly Price
609 Narcissus Ave, Unit 609.5 Narcissus Avenue

AVA Newport

283 Knox St
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

231 Cabrillo St
Balboa Island, Newport Beach, CA Local Guide

How much does it cost to rent an apartment in Balboa Island?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Balboa Island Studio Apartments | $2,349 | $1,883 | $3,541 |
| Balboa Island 1 Bedroom Apartments | $3,244 | $2,122 | $6,595 |
| Balboa Island 2 Bedroom Apartments | $4,340 | $2,838 | $8,535 |
| Balboa Island 3 Bedroom Apartments | $8,763 | $3,995 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 33 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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Cheapest Available Balboa Island Apartments for Rent
 The cheapest available apartment rental in the Balboa Island area of Newport Beach, CA is a Studio unit found at Eight 80 Newport Beach priced from $1,883. AVA Newport has the second lowest priced unit, which is a Studio apartment currently listed from $2,265. Here are the most affordable Balboa Island apartments for rent in Newport Beach, CA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Eight 80 Newport Beach | Balboa (E1A-N) | Studio,1BA | $1,883 |
| AVA Newport | S1 | Studio,1BA | $2,265 |
| Park Newport | Wedge | Studio,1BA | $2,571 |
| Baywood Apartment Homes | Plan 1 | 1BR,1BA | $2,690 |
| 1601-1801 E 15th Street | 2x1 | 2BR,1BA | $3,650 |
| Eastside Haven at 17th | 2x1 A | 2BR,1BA | $3,850 |
| Promontory Point Apartment Homes | Plan 1 | 1BR,1BA | $3,885 |
| Newport Bluffs Apartment Village | Loggia - Plan 3 | 2BR,2BA | $3,915 |
Best Value Apartments for Rent in Balboa Island, CA
As of June 06, 2026 the best value apartment in the Balboa Island area is the $3.32 price per square foot Plan 2B Model at Fairway at Big Canyon in the in the Spyglass Hill neighborhood starting from $4,979. The second greatest value Balboa Island apartment is the CAR D Model at The A on Lido starting at $6,700 with a $4.73 price per square foot in the Balboa Island 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. |
|---|---|---|---|
| Fairway at Big Canyon | Plan 2B | 2BR,2BA | $3.32 |
| The A on Lido | CAR D | 3BR,2BA | $4.73 |
| Colony at Fashion Island | Plan 4 | 2BR,2BA | $4.04 |
| Newport Bluffs Apartment Village | Rivoli - Plan 5 | 3BR,2.5BA | $4.31 |
| 816 Amigos Way, Unit A | 816 Amigos Way | 2BR,2BA | $2.71 |
| 609 Narcissus Ave, Unit 609.5 Narcissus Avenue | 609 Narcissus Ave | 2BR,1BA | $4.00 |
| 320 Sapphire Ave, Unit 320 1/2 Sapphire | 320 Sapphire Ave | 2BR,2BA | $4.35 |
| Eastside Haven at 17th | 2x1 A | 2BR,1BA | $4.28 |
| Baywood Apartment Homes | Plan 1 | 1BR,1BA | $3.21 |
| Eight 80 Newport Beach | Balboa (E1A-N) | Studio ,1BA | $4.64 |
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.
Read ArticleReal 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.
Read ArticleQuick 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.
Pet Friendly LifestyleBalboa Island, Newport Beach, CA
Ranked #37
Among cities in California for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Best Local Schools in Balboa Island, Newport Beach, CA
Newport Harbor High
Horace Ensign Intermediate
School data provided by Great Schools
Frequently Asked Questions about Cheap Balboa Island Apartments
What is the Cheapest Studio apartment in Balboa Island?
Currently the most affordable Cheap Studio Apartment in Balboa Island is at Eight 80 Newport Beach listed at $1,883.
How much is rent for a Cheap One Bedroom Balboa Island Apartment?
The lowest price for a Cheap One Bedroom Balboa Island Apartment is $2,122 at Eight 80 Newport Beach.
What is the lowest price for a Cheap Two Bedroom Balboa Island Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Balboa Island is starting from $2,838 at Eight 80 Newport Beach.
What is the most affordable Balboa Island Three Bedroom Apartment?
The best deal on a cheap Balboa Island Three Bedroom Apartment rental is at Newport Bluffs Apartment Village and starts from $5,155.
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

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.