424 St Andrews Rd
Newport BeachCA92663
Cheap Homes for Rent in Balboa Peninsula Point Neighborhood of Newport Beach, CA from $3,200 (3 Rentals)
Search the lowest-cost Homes available for rent right now in the Balboa Peninsula Point area of Newport Beach.
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.
1245 W Balboa Blvd
Newport BeachCA92661
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.
602.5 Narcissus Ave
Newport BeachCA92625
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Balboa Peninsula Point, Newport Beach, CA Local Guide
How much does it cost to rent a home in Balboa Peninsula Point?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Balboa Peninsula Point 2 Bedroom Homes for Rent | $8,955 | $4,000 | $10,000+ |
| Balboa Peninsula Point 3 Bedroom Homes for Rent | $11,148 | $4,900 | $10,000+ |
| Balboa Peninsula Point 4 Bedroom Homes for Rent | $20,964 | $7,395 | $10,000+ |
| Balboa Peninsula Point 5 Bedroom Homes for Rent | $15,000 | $10,000 | $10,000+ |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 3 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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Best Value Apartments for Rent in Balboa Peninsula Point, CA
As of May 04, 2026 the best value apartment in the Balboa Peninsula Point area is the $5.80 price per square foot Junior 3x2 Model at The Waterfront in the in the Balboa Island neighborhood starting from $9,995. The second greatest value Balboa Peninsula Point apartment is the Plan 5 Model at Colony at Fashion Island starting at $5,795 with a $3.75 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. |
|---|---|---|---|
| The Waterfront | Junior 3x2 | 3BR,2BA | $5.80 |
| Colony at Fashion Island | Plan 5 | 2BR,2BA | $3.75 |
| Fairway at Big Canyon | Plan 2B | 2BR,2BA | $3.17 |
| 1606 Westcliff Dr. | 2 Bed 1 3/4 Bath | 2BR,2BA | $3.84 |
| 1069 Buckingham Lane, 1601-1728 Bedford Lane | 2 Bed 1 Bath Plan B5 | 2BR,1BA | $3.79 |
| Baywood Apartment Homes | Plan 1 | 1BR,1BA | $3.18 |
| Westcliff | 1x1P | 1BR,1BA | $3.99 |
| Promontory Point Apartment Homes | Plan 1 | 1BR,1BA | $4.86 |
| 2304 Pacific Dr | 2304 Pacific Dr | Studio ,1BA | $3.38 |
| Eight 80 Newport Beach | Dune I (E1B-S) | Studio ,1BA | $4.48 |
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.
Read Article
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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.
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.
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Pet Friendly LifestyleBalboa Peninsula Point, Newport Beach, CA
Ranked #33
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-Mesa Unified School District
Public School - Grades K-5 (344)
10 out of 10
Newport Harbor High
Newport-Mesa Unified School District
Public School - Grades 9-12 (2084)
9 out of 10
Horace Ensign Intermediate
Newport-Mesa Unified School District
Public School - Grades 6-8 (875)
9 out of 10
School data provided by Great Schools
Frequently Asked Questions about Balboa Peninsula Point
What type of rentals are currently available in Balboa Peninsula Point?
There are currently 203 Apartments for Rent in Balboa Peninsula Point, CA with pricing that ranges from $1,840 to $35,000. There are also 29 Single Family Homes for rent, Condos, and Townhome rentals currently available in Balboa Peninsula Point ranging from $3,500 to $51,000.
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 $3,500 to $51,000 with an average monthly rent of $11,913.
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
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.