3121 Coast Hwy
Newport BeachCA92663
Cheap Homes for Rent in Balboa Island Neighborhood of Newport Beach, CA from $3,400 (4 Rentals)
Search the lowest-cost Homes available for rent right now in the Balboa Island area of Newport Beach.
1787 Tustin Ave
Costa MesaCA92627
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
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from $3,6001 Bedroom Apartments Available Now
225 1/2 Marguerite
225 Marguerite AveNewport Beach, CA 92625
517 1/2 Marguerite Ave
Corona Del MarCA92625
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.
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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 | $7,817 | $3,550 | $10,000+ |
| Balboa Island 3 Bedroom Homes for Rent | $10,960 | $5,400 | $10,000+ |
| Balboa Island 4 Bedroom Homes for Rent | $18,761 | $7,995 | $10,000+ |
| Balboa Island 5 Bedroom Homes for Rent | $20,933 | $10,000 | $10,000+ |
Browse Homes for Rent in this Neighborhood
There are currently 4 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 19, 2025 the best value apartment in the Balboa Island area is the $4.17 price per square foot Plan 5 Model at Colony at Fashion Island in the in the UC Irvine neighborhood starting from $6,445. The second greatest value Balboa Island apartment is the Plan 3 Model at Baywood Apartment Homes starting at $4,185 with a $3.01 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 | $4.17 |
| Baywood Apartment Homes | Plan 3 | 3BR,2BA | $3.01 |
| 1606 Westcliff Dr. | 2 Bed 1 3/4 Bath | 2BR,1.75BA | $3.70 |
| Bayside Drive Complex | 2BR/1.0BA | 2BR,1BA | $4.77 |
| Promontory Point Apartment Homes | Plan 1 | 1BR,1BA | $4.77 |
| Park Newport | Newport 1 Renovated | 1BR,1BA | $4.82 |
| Newport Bluffs Apartment Village | Residencia - Plan 2 | 1BR,1BA | $4.33 |
| AVA Newport | B1 | 2BR,1BA | $4.59 |
| The Collective | 1 BR/1BA no balcony | 1BR,1BA | $5.30 |
| Eight 80 Newport Beach | Dune I (E1B-S) | Studio ,1BA | $5.00 |
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Frequently Asked Questions about Balboa Island
What type of rentals are currently available in Balboa Island?
There are currently 301 Apartments for Rent in Balboa Island, CA with pricing that ranges from $1,000 to $48,000. There are also 63 Single Family Homes for rent, Condos, and Townhome rentals currently available in Balboa Island ranging from $3,400 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 $3,400 to $40,900 with an average monthly rent of $11,286.
How much are larger Three and Four Bedroom Rentals in Balboa Island?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Balboa Island range from $3,990 to $48,000, while Three Bedroom Homes, Condos, and Townhomes for rent range from $5,400 to $24,000. Four Bedroom Single-Family rentals are also available starting from $7,995 and Four Bedroom Apartments start at $10,000.
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.