
Cheap Apartments for Rent in the Balboa Peninsula Point Neighborhood of Newport Beach, CA from $1,395 (8 Rentals)
Search the lowest-cost Apartments available for rent right now in the Balboa Peninsula Point area of Newport Beach.


Total Monthly Price
Park Newport

Seaview Plaza

404 E Balboa Blvd
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Balboa Peninsula Point, Newport Beach, CA Local Guide

How much does it cost to rent an apartment in Balboa Peninsula Point?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Balboa Peninsula Point Studio Apartments | $2,298 | $1,975 | $3,315 |
| Balboa Peninsula Point 1 Bedroom Apartments | $3,549 | $2,203 | $8,345 |
| Balboa Peninsula Point 2 Bedroom Apartments | $4,687 | $3,039 | $10,000+ |
| Balboa Peninsula Point 3 Bedroom Apartments | $8,469 | $3,695 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 8 rentals with your search options within a 2 mile radius of the Balboa Peninsula Point Neighborhood of Newport Beach, CA.
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Balboa Peninsula Point, Newport Beach, CA Local Guide
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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 $1,975. Park Newport has the second lowest priced unit, which is a Studio apartment currently listed from $2,445. Here are the most affordable Balboa Peninsula Point apartments for rent in Newport Beach, CA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Eight 80 Newport Beach | Balboa (E1A-N) | Studio,1BA | $1,975 |
| Park Newport | Wedge | Studio,1BA | $2,445 |
| Baywood Apartment Homes | Plan 1 | 1BR,1BA | $3,490 |
Best Value Apartments for Rent in Balboa Peninsula Point, CA
As of August 23, 2026 the best value apartment in the Balboa Peninsula Point area is the $3.26 price per square foot Plan 2B Model at Fairway at Big Canyon in the in the Spyglass Hill neighborhood starting from $4,887. The second greatest value Balboa Peninsula Point apartment is the Plan S Model at Villas Fashion Island starting at $8,605 with a $6.20 price per square foot in the UC Irvine neighborhood. Here is today’s list of the best values for Balboa Peninsula Point apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Fairway at Big Canyon | Plan 2B | 2BR,2BA | $3.26 |
| Villas Fashion Island | Plan S | 3BR,2BA | $6.20 |
| The Waterfront | B3-VR - 2x2 | 2BR,2BA | $4.81 |
| Colony at Fashion Island | Plan 3 | 2BR,2BA | $4.28 |
| 1069 Buckingham Lane, 1601-1728 Bedford Lane | 2 Bed 1 Bath Plan B5 | 2BR,1BA | $3.79 |
| Baywood Apartment Homes | Plan 1 | 1BR,1BA | $4.16 |
| Promontory Point Apartment Homes | Plan 1 | 1BR,1BA | $5.13 |
| Park Newport | Wedge Renovated | Studio ,1BA | $5.94 |
| Eight 80 Newport Beach | Dune I (E1B-S) | Studio ,1BA | $4.99 |
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 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 Peninsula Point, Newport Beach, CA
Ranked #37
Among cities in California for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Best Local Schools in Balboa Peninsula Point, Newport Beach, CA
Harbor View Elementary School
Newport Harbor High School
Horace Ensign Intermediate
School data provided by Great Schools
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 $1,975.
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 $2,203 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 $3,043 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 Park Newport and starts from $4,793.
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.

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.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.