1720 Westcliff Dr
Newport BeachCA92660
Cheap Homes for Rent in Balboa Island Neighborhood of Newport Beach, CA from $2,800 (3 Rentals)
Search the lowest-cost Homes available for rent right now in the Balboa Island area of Newport Beach.
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.
3121 Coast Hwy
Newport BeachCA92663
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.
309 Jasmine Ave
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 | $9,092 | $4,350 | $10,000+ |
| Balboa Island 3 Bedroom Homes for Rent | $13,896 | $5,900 | $10,000+ |
| Balboa Island 4 Bedroom Homes for Rent | $20,695 | $7,500 | $10,000+ |
| Balboa Island 5 Bedroom Homes for Rent | $18,900 | $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 Apartments for Rent in Balboa Island, CA
As of July 15, 2025 the best value apartment in the Balboa Island area is the $4.11 price per square foot Plan 5 Model at Colony at Fashion Island in the in the UC Irvine neighborhood starting from $6,355. The second greatest value Balboa Island apartment is the Plan L Model at Villas Fashion Island starting at $7,540 with a $6.05 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. |
|---|---|---|---|
| Colony at Fashion Island | Plan 5 | 2BR,2BA | $4.11 |
| Villas Fashion Island | Plan L | 1BR,1BA | $6.05 |
| 1606 Westcliff Dr. | 2 Bed 1 3/4 Bath | 2BR,1.75BA | $3.70 |
| Promontory Point Apartment Homes | Plan 5 | 1BR,1BA | $4.27 |
| Bayside Drive Complex | 2BR/1.0BA | 2BR,1BA | $4.72 |
| Baywood Apartment Homes | Plan 1 | 1BR,1BA | $3.29 |
| Park Newport | Balboa 2 | 1BR,1BA | $3.83 |
| The Collective | 1 BR/1BA no balcony | 1BR,1BA | $5.30 |
| Newport Bluffs Apartment Village | Residencia - Plan 1 | Studio ,1BA | $4.82 |
| Eight 80 Newport Beach | Balboa (E1A-N) | Studio ,1BA | $4.50 |
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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 $1,890 to $48,000. There are also 55 Single Family Homes for rent, Condos, and Townhome rentals currently available in Balboa Island ranging from $2,895 to $40,900.
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 $2,895 to $40,900 with an average monthly rent of $11,574.
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.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.