Cheap Homes for Rent in Balboa Peninsula Point Neighborhood of Newport Beach, CA from $4,900 (3 Rentals)

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

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Balboa Peninsula Point, Newport Beach, CA Local Guide

Best Value Apartments for Rent in Balboa Peninsula Point, CA

As of May 21, 2025 the best value apartment in the Balboa Peninsula Point area is the $3.33 price per square foot 2 Bed 2 Bath Model at Fairway at Big Canyon in the in the Spyglass Hill neighborhood starting from $4,992. The second greatest value Balboa Peninsula Point apartment is the Plan 2 Model at Colony at Fashion Island starting at $4,155 with a $3.82 price per square foot in the Spyglass Hill 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 Canyon2 Bed 2 Bath2BR,2BA$3.33
Colony at Fashion IslandPlan 21BR,1BA$3.82
Bayside Drive Complex2BR/1.0BA2BR,1BA$4.99
Baywood Apartment HomesPlan 11BR,1BA$3.22
Promontory Point Apartment HomesPlan 11BR,1BA$4.79
Park NewportNewport 1 Renovated1BR,1BA$5.03
Newport Bluffs Apartment VillageResidencia - Plan 21BR,1BA$4.40
The Collective1 BR/1BA no balcony1BR,1BA$5.30
Beach House ApartmentsStudioStudio ,1BA$4.55
Eight 80 Newport BeachDune I (E1B-S)Studio ,1BA$4.72

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Frequently Asked Questions about Balboa Peninsula Point

What type of rentals are currently available in Balboa Peninsula Point?

There are currently 216 Apartments for Rent in Balboa Peninsula Point, CA with pricing that ranges from $1,737 to $50,000. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Balboa Peninsula Point ranging from $4,900 to $40,900.

What is the current price range for Rental Homes in Balboa Peninsula Point?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Balboa Peninsula Point ranges from $4,900 to $40,900 with an average monthly rent of $14,745.

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.

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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.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.