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$1,6502 Bedroom Apartment Available Dec 1
4126 Hilaria Way, Unit D
4126 Hilaria WayNewport Beach, CA 92663
Cheap Apartments for Rent in the Balboa Island Neighborhood of Newport Beach, CA from $1,300 (14 Rentals)
Search the lowest-cost Apartments available for rent right now in the Balboa Island area of Newport Beach.
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$1,774 - $3,349Studio to 2 Bedroom Apartments Available Now
Eight 80 Newport Beach
880 Irvine AveNewport Beach, CA 92663
915 E Balboa Blvd
Newport BeachCA92661
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Rent Specials
$2,485 - $4,794Studio to 3 Bedroom Apartments Available Now
Park Newport
1 Park NewportNewport Beach, CA 92660
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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.
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Rent Specials
$1,940 - $3,820Studio to 3 Bedroom Apartments Available Now
AVA Newport
1765-1765 Santa Ana AveCosta Mesa, CA 92627
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.
Showing Results 1-14, Page 1 of 1
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 | $2,299 | $1,774 | $3,855 |
| Balboa Island 1 Bedroom Apartments | $3,573 | $2,263 | $9,190 |
| Balboa Island 2 Bedroom Apartments | $4,700 | $1,650 | $10,000+ |
| Balboa Island 3 Bedroom Apartments | $7,696 | $3,570 | $10,000+ |
| Balboa Island 4 Bedroom Apartments | $9,500 | $7,500 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 14 rentals with your search options within a 2 mile radius of the Balboa Island Neighborhood of Newport Beach, CA.
See all Apartments in Newport BeachExplore Newport Beach
Balboa Island, Newport Beach, CA Local Guide
- Nearby Newport Beach neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 AVA Newport priced from $1,940. Eight 80 Newport Beach has the second lowest priced unit, which is a Studio apartment currently listed from $1,973. Here are the most affordable Balboa Island apartments for rent in Newport Beach, CA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| AVA Newport | S1 | Studio,1BA | $1,940 |
| Eight 80 Newport Beach | Balboa (E1A-N) | Studio,1BA | $1,973 |
| Park Newport | Wedge | Studio,1BA | $2,485 |
| Baywood Apartment Homes | Plan 1 | 1BR,1BA | $2,675 |
| Newport Bluffs Apartment Village | Residencia - Plan 1 | Studio,1BA | $2,695 |
Best Value Apartments for Rent in Balboa Island, CA
As of November 03, 2025 the best value apartment in the Balboa Island area is the $4.02 price per square foot Plan 5 Model at Colony at Fashion Island in the in the UC Irvine neighborhood starting from $6,210. The second greatest value Balboa Island apartment is the 2 Bed 2 Bath Model at Fairway at Big Canyon starting at $4,869 with a $3.25 price per square foot in the UC Irvine 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. |
|---|---|---|---|
| Colony at Fashion Island | Plan 5 | 2BR,2BA | $4.02 |
| Fairway at Big Canyon | 2 Bed 2 Bath | 2BR,2BA | $3.25 |
| 1214 Rutland Rd, Unit 1 | 1214 Rutland Rd | 2BR,2BA | $3.50 |
| Baywood Apartment Homes | Plan 1 | 1BR,1BA | $3.19 |
| Promontory Point Apartment Homes | Plan 4 | 1BR,1BA | $4.86 |
| 1601-1801 E 15th Street | 2x1 | 2BR,1BA | $4.51 |
| 1401 W Balboa Blvd, Unit A | 1401 W Balboa Blvd | 2BR,1BA | $4.92 |
| Newport Bluffs Apartment Village | Residencia - Plan 1 | Studio ,1BA | $4.91 |
| Park Newport | Wedge | Studio ,1BA | $4.84 |
| Eight 80 Newport Beach | Balboa (E1A-N) | Studio ,1BA | $4.37 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
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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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
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Pet Friendly LifestyleBalboa Island, Newport Beach, CA
Ranked #34
Among cities in California for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Best Local Schools in Balboa Island, Newport Beach, CA
Newport Harbor High
Newport-Mesa Unified School District
Public School - Grades 9-12 (2268)
9 out of 10
Horace Ensign Intermediate
Newport-Mesa Unified School District
Public School - Grades 7-8 (915)
8 out of 10
School data provided by Great Schools
Getting Around the Balboa Island Neighborhood in Newport Beach, CA
Walk Score®
78 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
68 / 100
Bikeable
Some bike infrastructure
Transit Score®
36 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 AVA Newport listed at $1,940.
How much is rent for a Cheap One Bedroom Balboa Island Apartment?
The lowest price for a Cheap One Bedroom Balboa Island Apartment is $2,263 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 $2,856 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 Baywood Apartment Homes and starts from $3,570.
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.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.