Cheap Apartments for Rent in the Balboa Peninsula Point Neighborhood of Newport Beach, CA from $1,300 (9 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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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 Apartments

404 E Balboa Blvd

404 E Balboa BlvdNewport Beach, CA 92661
  • Utilities Included
  • Smoke Free

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.

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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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Bedford Apartments
2 to 3 Bedroom Apartments

Bedford Apartments

1731 Bedford LnNewport Beach, CA 92660
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1601 E 15th St
2 Bedroom Apartments

1601 E 15th St

1601 E 15th StNewport Beach, CA 92663
  • Utilities Included
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Bayshore Apartments
1 to 2 Bedroom Apartments

Bayshore Apartments

2888 Bayshore DrNewport Beach, CA 92663
  • Utilities Included

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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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 $1,906. Park Newport has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,599. Here are the most affordable Balboa Peninsula Point apartments for rent in Newport Beach, CA:

Apartment ListingModel NameBed/BathPriced From
Eight 80 Newport BeachHarbor (E1B-N)Studio,1BA$1,906
Park NewportBalboa 11BR,1BA$2,599
Baywood Apartment HomesPlan 11BR,1BA$2,760

Best Value Apartments for Rent in Balboa Peninsula Point, CA

As of June 27, 2025 the best value apartment in the Balboa Peninsula Point 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 Peninsula Point apartment is the Plan B Model at Villas Fashion Island starting at $6,420 with a $5.96 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Colony at Fashion IslandPlan 52BR,2BA$4.17
Villas Fashion IslandPlan B1BR,1BA$5.96
1606 Westcliff Dr.2 Bed 1 3/4 Bath2BR,1.75BA$3.70
Park NewportCatalina 1 Renovated2BR,2BA$3.96
Promontory Point Apartment HomesPlan 51BR,1BA$4.31
Bayside Drive Complex2BR/1.0BA2BR,1BA$4.72
Baywood Apartment HomesPlan 11BR,1BA$3.29
The Collective1 BR/1BA no balcony1BR,1BA$5.30
Eight 80 Newport BeachBalboa (E1A-N)Studio ,1BA$4.89

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Pet Friendly Lifestyle
Balboa Peninsula Point, Newport Beach, CA

Ranked #39

Among neighborhoods in Newport Beach, CA for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Getting Around the Balboa Peninsula Point Neighborhood in Newport Beach, CA

Walk Score®

74 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

70 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

32 / 100

Some Transit

A few nearby public transportation options

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 $1,906.

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 $2,146 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 $3,094 at Park Newport.

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 $4,708.

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.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

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.

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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.

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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.

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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.