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

Baywood Apartment Homes

Westcliff

1717 Bedford Ln

Promontory Point Apartment Homes

926 W Balboa Blvd
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.

915 E Balboa Blvd

4200 Shorecrest Ln

2101 E 15th St, Unit 8

Total Monthly Price
320 Sapphire Ave, Unit 320 1/2 Sapphire

Seaview Plaza

404 E Balboa Blvd

The Moana
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
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.

Bedford Apartments

Bayshore Apartments

1069 Buckingham Ln

1069 Buckingham Lane, 1601-1728 Bedford Lane

533 St Andrews Rd

Lightsand

221 Pearl Ave
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.

Total Monthly Price
609 Narcissus Ave, Unit 609.5 Narcissus Avenue

Bayview Apartments
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 | $2,227 | $1,743 | $3,343 |
| Balboa Peninsula Point 1 Bedroom Apartments | $3,198 | $2,023 | $6,295 |
| Balboa Peninsula Point 2 Bedroom Apartments | $4,200 | $2,613 | $8,020 |
| Balboa Peninsula Point 3 Bedroom Apartments | $9,301 | $3,995 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 23 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 $1,810. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Eight 80 Newport Beach | Balboa (E1A-N) | Studio,1BA | $1,810 |
| Park Newport | Wedge | Studio,1BA | $2,495 |
| Baywood Apartment Homes | Plan 1 | 1BR,1BA | $2,775 |
| 1069 Buckingham Lane, 1601-1728 Bedford Lane | 2 Bed 1 Bath Plan F | 2BR,1BA | $3,745 |
| Promontory Point Apartment Homes | Plan 1 | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Fairway at Big Canyon | Plan 2B | 2BR,2BA | $3.39 |
| The A on Lido | CAR D | 3BR,2BA | $4.73 |
| Colony at Fashion Island | Plan 4 | 2BR,2BA | $4.07 |
| 609 Narcissus Ave, Unit 609.5 Narcissus Avenue | 609 Narcissus Ave | 2BR,1BA | $4.00 |
| 320 Sapphire Ave, Unit 320 1/2 Sapphire | 320 Sapphire Ave | 2BR,2BA | $4.35 |
| Villas Fashion Island | Plan F | 1BR,1BA | $5.78 |
| 1069 Buckingham Lane, 1601-1728 Bedford Lane | 2 Bed 1 Bath Plan F | 2BR,1BA | $4.15 |
| Baywood Apartment Homes | Plan 1 | 1BR,1BA | $3.31 |
| Promontory Point Apartment Homes | Plan 1 | 1BR,1BA | $4.96 |
| Eight 80 Newport Beach | Balboa (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.
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.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
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.
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
Newport Harbor High
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 $1,810.
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

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.

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.

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.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.