221 Pearl Ave
Newport BeachCA92662
Cheap Homes for Rent in the Balboa Island Neighborhood of Newport Beach, CA from $4,500 (3 Rentals)
Search the lowest-cost Homes available for rent right now in the Balboa Island area of Newport Beach.
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.
1051 Dover Dr
Newport BeachCA92660
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.
431 Morning Canyon Rd
Newport BeachCA92625
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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 | $6,249 | $3,750 | $10,000+ |
| Balboa Island 3 Bedroom Homes for Rent | $10,348 | $5,950 | $10,000+ |
| Balboa Island 4 Bedroom Homes for Rent | $24,199 | $10,000 | $10,000+ |
| Balboa Island 5 Bedroom Homes for Rent | $44,500 | $10,000 | $10,000+ |
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 Homes for Rent in Balboa Island, CA
As of September 17, 2026 the best value rental home in the Balboa Island area is the $17.29 price per square foot 2266 Channel Rd Model at 2266 Channel Rd in the Balboa Island neighborhood starting from $75,000. The second greatest value Balboa Island rental home is the 222 Iris Ave Model at 222 Iris Ave in the Corona Del Mar neighborhood starting at $22,950 with a $5.44 price per square foot. Here is today’s list of the best values for Balboa Island homes based on price per square foot:
| Home Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 2266 Channel Rd | 2266 Channel Rd | 5BR, 8BA | $17.29 |
| 222 Iris Ave | 222 Iris Ave | 4BR, 4.5BA | $5.44 |
| 2105 E Balboa Blvd | 2105 E Balboa Blvd | 4BR, 5BA | $7.04 |
| 3222 Clay St | 3222 Clay St | 3BR, 3BA | $3.38 |
| 421 Edgewater Pl | 421 Edgewater Pl | 4BR, 4BA | $10.07 |
| 31 Ocean 27 | 31 Ocean 27 | 2BR, 2.5BA | $4.42 |
| 1115 Granville Dr | 1115 Granville Dr | 2BR, 2BA | $4.53 |
| 200 Grand Canal | 200 Grand Canal | 4BR, 3BA | $5.34 |
| 1966 Vista Caudal | 1966 Vista Caudal | 3BR, 2BA | $4.11 |
| 411 Goldenrod Ave, Unit A | 411 Goldenrod Ave | 3BR, 2BA | $5.17 |
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
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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.
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Pet Friendly LifestyleBalboa Island, Newport Beach, CA
Ranked #31
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 Elementary School
Newport-Mesa Unified School District
Public School - Grades K-5 (339)
8 out of 10
Newport Harbor High School
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 305 Apartments for Rent in Balboa Island, CA with pricing that ranges from $1,899 to $16,000. There are also 26 Single Family Homes for rent, Condos, and Townhome rentals currently available in Balboa Island ranging from $3,750 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 $3,750 to $75,000 with an average monthly rent of $15,437.
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.
How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.
Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.
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.