Cheap Apartments for Rent in the Balboa Peninsula Point Neighborhood of Newport Beach, CA from $1,300 (23 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Balboa Peninsula Point area of Newport Beach.

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Park Newport
Rent Specials
$2,473 - $5,262
Total Monthly Price

Total Monthly Price

Base Rent
$2,473 - $5,262

Total Monthly Price
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Studio to 3 Bedroom Apartments Available Now

Park Newport

1 Park NewportNewport Beach, CA 92660
Corporate Housing
  • Verified
  • Customer Reviewed
  • Utilities Included

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.

property at 2101 E 15th St

$4,250

Total Monthly Price

Total Monthly Price

Base Rent
$4,250

Total Monthly Price
$4,250

2 Bedroom, 1.5 Bath Townhome for Rent

Available Now

2101 E 15th St, Unit 8

2101 E 15th St
Newport BeachCA92663
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Seaview Plaza
1 Bedroom Apartments

Seaview Plaza

2800 Pacific View DrNewport Beach, CA 92660
Senior Living
  • Utilities Included
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404 E Balboa Blvd
Studio to 2 Bedroom Apartments

404 E Balboa Blvd

404 E Balboa BlvdNewport Beach, CA 92661
  • Utilities Included
  • Smoke Free
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The Moana
1 to 3 Bedroom Apartments

The Moana

711 Lido Park DrNewport Beach, CA 92663
  • Utilities Included

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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.

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Bedford Apartments
2 to 3 Bedroom Apartments

Bedford Apartments

1731 Bedford LnNewport Beach, CA 92660
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Bayshore Apartments
1 to 2 Bedroom Apartments

Bayshore Apartments

2888 Bayshore DrNewport Beach, CA 92663
  • Utilities Included
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1069 Buckingham Ln
2 Bedroom Apartments

1069 Buckingham Ln

1069 Buckingham LnNewport Beach, CA 92660
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Lightsand
2 Bedroom Apartments

Lightsand

1216-1220 W Balboa BlvdNewport Beach, CA 92661

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Bayview Apartments
1 to 3 Bedroom Apartments

Bayview Apartments

1682 San Joaquin Hills RdCorona Del Mar, CA 92625

Balboa Peninsula Point, Newport Beach, CA Local Guide

Cheapest Available Balboa Peninsula Point Apartments for Rent

 

The cheapest available apartment rental in the Balboa Peninsula Point area of Newport Beach, CA is a Studio unit found at Eight 80 Newport Beach priced from $1,810. Park Newport has the second lowest priced unit, which is a Studio apartment currently listed from $2,495. Here are the most affordable Balboa Peninsula Point apartments for rent in Newport Beach, CA:

Apartment ListingModel NameBed/BathPriced From
Eight 80 Newport BeachBalboa (E1A-N)Studio,1BA$1,810
Park NewportWedgeStudio,1BA$2,495
Baywood Apartment HomesPlan 11BR,1BA$2,775
1069 Buckingham Lane, 1601-1728 Bedford Lane2 Bed 1 Bath Plan F2BR,1BA$3,745
Promontory Point Apartment HomesPlan 11BR,1BA$3,945

Best Value Apartments for Rent in Balboa Peninsula Point, CA

As of June 22, 2026 the best value apartment in the Balboa Peninsula Point area is the $3.39 price per square foot Plan 2B Model at Fairway at Big Canyon in the in the Spyglass Hill neighborhood starting from $5,079. The second greatest value Balboa Peninsula Point apartment is the CAR D Model at The A on Lido starting at $6,700 with a $4.73 price per square foot in the Balboa Island neighborhood. Here is today’s list of the best values for Balboa Peninsula Point apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Fairway at Big CanyonPlan 2B2BR,2BA$3.39
The A on LidoCAR D3BR,2BA$4.73
Colony at Fashion IslandPlan 42BR,2BA$4.07
609 Narcissus Ave, Unit 609.5 Narcissus Avenue609 Narcissus Ave2BR,1BA$4.00
320 Sapphire Ave, Unit 320 1/2 Sapphire320 Sapphire Ave2BR,2BA$4.35
Villas Fashion IslandPlan F1BR,1BA$5.78
1069 Buckingham Lane, 1601-1728 Bedford Lane2 Bed 1 Bath Plan F2BR,1BA$4.15
Baywood Apartment HomesPlan 11BR,1BA$3.31
Promontory Point Apartment HomesPlan 11BR,1BA$4.96
Eight 80 Newport BeachBalboa (E1A-N)Studio ,1BA$4.46

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.

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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.

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Quick 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 Lifestyle
Balboa Peninsula Point, Newport Beach, CA

Ranked #36

Among cities in California for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Frequently Asked Questions about Cheap Balboa Peninsula Point Apartments

What is the Cheapest Studio apartment in Balboa Peninsula Point?

Currently the most affordable Cheap Studio Apartment in Balboa Peninsula Point is at Eight 80 Newport Beach listed at $1,810.

How much is rent for a Cheap One Bedroom Balboa Peninsula Point Apartment?

The lowest price for a Cheap One Bedroom Balboa Peninsula Point Apartment is $1,854 at Eight 80 Newport Beach.

What is the lowest price for a Cheap Two Bedroom Balboa Peninsula Point Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Balboa Peninsula Point is starting from $2,574 at Eight 80 Newport Beach.

What is the most affordable Balboa Peninsula Point Three Bedroom Apartment?

The best deal on a cheap Balboa Peninsula Point Three Bedroom Apartment rental is at The A on Lido and starts from $6,700.

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

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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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.

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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.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

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Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.