
Cheap Apartments for Rent in the Balboa Island Neighborhood of Newport Beach, CA from $1,300 (34 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

126 E Balboa Blvd

Newport Bluffs Apartment Village

Westcliff

Total Monthly Price
1210 W Oceanfront, Unit 1210.5 W Oceanfront, Unit 1210.5 W Oceanfront
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

1069 Buckingham Lane, 1601-1728 Bedford Lane

618 W Balboa Blvd

Colony at Fashion Island

Seaview Plaza

404 E Balboa Blvd

The Moana

Bedford Apartments
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.

Rutland Apartments

Westview Apartments

1142 Rutland Rd

Bayshore Apartments

3121 Coast Hwy

1069 Buckingham Ln

1606 Westcliff Dr.

602.5 Narcissus Ave
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.

Lightsand

Fairway at Big Canyon

Total Monthly Price
2304 Pacific Dr

2007 Chubasco Dr

1519 Orange Ave

Total Monthly Price
343 Cabrillo St, Unit C, Unit C

Eastside Haven at 17th

AVA Newport
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

283 Knox St

3207 Bayside Dr
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 | $2,236 | $1,689 | $3,376 |
| Balboa Island 1 Bedroom Apartments | $3,255 | $2,115 | $7,475 |
| Balboa Island 2 Bedroom Apartments | $4,516 | $2,644 | $10,000+ |
| Balboa Island 3 Bedroom Apartments | $8,916 | $4,200 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 34 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
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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 $1,689. AVA Newport has the second lowest priced unit, which is a Studio apartment currently listed from $2,145. 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 | $1,689 |
| AVA Newport | S1 | Studio,1BA | $2,145 |
| Park Newport | Wedge | Studio,1BA | $2,456 |
| Baywood Apartment Homes | Plan 1 | 1BR,1BA | $2,670 |
| Westcliff | 1x1P | 1BR,1BA | $3,175 |
| Eastside Haven at 17th | 1x1 | 1BR,1BA | $3,200 |
| Newport Bluffs Apartment Village | Residencia - Plan 3 | 1BR,1BA | $3,255 |
| 1069 Buckingham Lane, 1601-1728 Bedford Lane | 2 Bed 1 Bath Plan B5 | 2BR,1BA | $3,795 |
| Promontory Point Apartment Homes | Plan 1 | 1BR,1BA | $3,865 |
Best Value Apartments for Rent in Balboa Island, CA
As of April 21, 2026 the best value apartment in the Balboa Island area is the $3.82 price per square foot Plan 5 Model at Colony at Fashion Island in the in the UC Irvine neighborhood starting from $5,910. The second greatest value Balboa Island apartment is the 2 Bed 1 3/4 Bath Model at 1606 Westcliff Dr. starting at $3,995 with a $3.84 price per square foot in the Upper Newport Bay 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 | $3.82 |
| 1606 Westcliff Dr. | 2 Bed 1 3/4 Bath | 2BR,2BA | $3.84 |
| 1069 Buckingham Lane, 1601-1728 Bedford Lane | 2 Bed 1 Bath Plan B5 | 2BR,1BA | $3.79 |
| 1210 W Oceanfront, Unit 1210.5 W Oceanfront | 1210 W Oceanfront | 1BR,1.5BA | $3.50 |
| Baywood Apartment Homes | Plan 1 | 1BR,1BA | $3.19 |
| Promontory Point Apartment Homes | Plan 4 | 1BR,1BA | $4.88 |
| Westcliff | 1x1P | 1BR,1BA | $3.99 |
| Newport Bluffs Apartment Village | Loggia - Plan 1A | 1BR,1BA | $4.51 |
| Eastside Haven at 17th | 1x1 | 1BR,1BA | $5.33 |
| Eight 80 Newport Beach | Balboa (E1A-N) | Studio ,1BA | $4.16 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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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Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
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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 #24
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
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 $1,689.
How much is rent for a Cheap One Bedroom Balboa Island Apartment?
The lowest price for a Cheap One Bedroom Balboa Island Apartment is $2,115 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 $2,644 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 $4,200.
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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.