3200 Clay St
Newport BeachCA92663
Cheap Homes for Rent in Balboa Island Neighborhood of Newport Beach, CA from $3,000 (3 Rentals)
Search the lowest-cost Homes available for rent right now in the Balboa Island area of Newport Beach.
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.
2101 E 15th St, Unit 8
2101 E 15th St
Newport BeachCA92663
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.
221 Pearl Ave
Newport BeachCA92662
Showing Results 1-3, Page 1 of 1
Balboa Island, Newport Beach, CA Local Guide
How much does it cost to rent a home in Balboa Island?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Balboa Island 2 Bedroom Homes for Rent | $6,027 | $4,250 | $8,495 |
| Balboa Island 3 Bedroom Homes for Rent | $15,510 | $5,300 | $10,000+ |
| Balboa Island 4 Bedroom Homes for Rent | $22,095 | $9,000 | $10,000+ |
| Balboa Island 5 Bedroom Homes for Rent | $45,000 | $10,000 | $10,000+ |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 3 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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Best Value Apartments for Rent in Balboa Island, CA
As of June 11, 2026 the best value apartment in the Balboa Island area is the $4.73 price per square foot CAR D Model at The A on Lido in the in the Balboa Island neighborhood starting from $6,700. The second greatest value Balboa Island apartment is the Plan 4 Model at Colony at Fashion Island starting at $5,525 with a $4.05 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. |
|---|---|---|---|
| The A on Lido | CAR D | 3BR,2BA | $4.73 |
| Colony at Fashion Island | Plan 4 | 2BR,2BA | $4.05 |
| Newport Bluffs Apartment Village | Rivoli - Plan 5 | 3BR,2.5BA | $4.49 |
| 1584 Redlands Pl, Unit C | 1584 Redlands Pl | 2BR,2.5BA | $2.90 |
| 816 Amigos Way, Unit A | 816 Amigos Way | 2BR,2BA | $2.71 |
| Baywood Apartment Homes | Plan 2 | 2BR,2BA | $2.75 |
| 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 |
| Promontory Point Apartment Homes | Plan 4 | 1BR,1BA | $4.91 |
| Eight 80 Newport Beach | Balboa (E1A-N) | Studio ,1BA | $4.55 |
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 Article
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.
Read ArticleQuick Rent Budget Calculator
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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.
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Pet Friendly LifestyleBalboa Island, Newport Beach, CA
Ranked #39
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
Newport-Mesa Unified School District
Public School - Grades 9-12 (2084)
9 out of 10
Horace Ensign Intermediate
Newport-Mesa Unified School District
Public School - Grades 6-8 (875)
9 out of 10
School data provided by Great Schools
Frequently Asked Questions about Balboa Island
What type of rentals are currently available in Balboa Island?
There are currently 309 Apartments for Rent in Balboa Island, CA with pricing that ranges from $1,849 to $35,000. There are also 29 Single Family Homes for rent, Condos, and Townhome rentals currently available in Balboa Island ranging from $3,000 to $75,000.
What is the current price range for Rental Homes in Balboa Island?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Balboa Island ranges from $3,000 to $75,000 with an average monthly rent of $18,326.
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
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
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.