Cheap Apartments for Rent in the Balboa Peninsula Neighborhood of Newport Beach, CA from $1,300 (40 Rentals)

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

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404 E Balboa Blvd
Studio to 2 Bedroom Apartments

404 E Balboa Blvd

404 E Balboa BlvdNewport Beach, CA 92661
  • Utilities Included
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1500-1600 Clay St
2 Bedroom Apartments

1500-1600 Clay St

1500-1600 Clay StNewport Beach, CA 92663
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1007 E Balboa Blvd
Studio to 2 Bedroom Apartments

1007 E Balboa Blvd

1007 E Balboa BlvdNewport Beach, CA 92661

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.

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1338 W Balboa Blvd
1 to 2 Bedroom Apartments

1338 W Balboa Blvd

1338 W Balboa BlvdNewport Beach, CA 92661
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901 E Balboa Blvd
2 to 3 Bedroom Apartments

901 E Balboa Blvd

901 E Balboa BlvdNewport Beach, CA 92661
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1420 W Oceanfront
Studio Apartments

1420 W Oceanfront

1420 W OceanfrontNewport Beach, CA 92661
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2008 W Oceanfront
Studio Apartments

2008 W Oceanfront

2008 W OceanfrontNewport Beach, CA 92663

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.

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1324 W Balboa Blvd
4 Bedroom Apartments

1324 W Balboa Blvd

1324 W Balboa BlvdNewport Beach, CA 92661
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1601 W Balboa Blvd
Studio to 2 Bedroom Apartments

1601 W Balboa Blvd

1601 W Balboa BlvdNewport Beach, CA 92663
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1204 W Balboa Blvd
1 to 3 Bedroom Apartments

1204 W Balboa Blvd

1204 W Balboa BlvdNewport Beach, CA 92661
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307 E Edgewater Ave
Studio to 2 Bedroom Apartments

307 E Edgewater Ave

307 E Edgewater AveNewport Beach, CA 92661
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315 E Bay Ave
2 Bedroom Apartments

315 E Bay Ave

315 E Bay AveNewport Beach, CA 92661
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330 Balboa Blvd
Studio Apartments

330 Balboa Blvd

330 Balboa BlvdNewport Beach, CA 92661

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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Costa Del Sol
2 to 3 Bedroom Apartments

Costa Del Sol

1727 W BalboaNewport Beach, CA 92663
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417 E Bay Ave
1 to 2 Bedroom Apartments

417 E Bay Ave

417 E Bay AveNewport Beach, CA 92661
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2004-2006 Court St
1 to 2 Bedroom Apartments

2004-2006 Court St

2004-2006 Court StNewport Beach, CA 92663
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1628 W Oceanfront
Studio to 2 Bedroom Apartments

1628 W Oceanfront

1628 W OceanfrontNewport Beach, CA 92663
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201 E Bay Ave
Studio Apartments

201 E Bay Ave

201 E Bay AveNewport Beach, CA 92661
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1320 W Balboa Blvd
Studio to 3 Bedroom Apartments

1320 W Balboa Blvd

1320 W Balboa BlvdNewport Beach, CA 92661
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900 E Oceanfront
Studio Apartments

900 E Oceanfront

900 E OceanfrontNewport Beach, CA 92661

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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505 Saint Andrews Rd
2 to 3 Bedroom Apartments

505 Saint Andrews Rd

505 Saint Andrews RdNewport Beach, CA 92663
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301 Edgewater Ave
Studio Apartments

301 Edgewater Ave

301 Edgewater AveNewport Beach, CA 92661
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Peninsula Village
2 to 3 Bedroom Apartments

Peninsula Village

2210-2280 Newport BlvdNewport Beach, CA 92663
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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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Bayshore Apartments
1 to 2 Bedroom Apartments

Bayshore Apartments

2888 Bayshore DrNewport Beach, CA 92663
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Lightsand
2 Bedroom Apartments

Lightsand

1216-1220 W Balboa BlvdNewport Beach, CA 92661
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305 E Bay Apartments
Studio to 2 Bedroom Apartments

305 E Bay Apartments

305 E Bay AveNewport Beach, CA 92661
  • Utilities Included

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.

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Showing Results 1-40, Page 1 of 1

Cheapest Available Balboa Peninsula Apartments for Rent

 
Apartment ListingModel NameBed/BathPriced From
Promontory Point Apartment HomesPlan 11BR,1BA$3,865

Best Value Apartments for Rent in Balboa Peninsula, CA

As of April 29, 2026 the best value apartment in the Balboa Peninsula area is the $3.50 price per square foot 1210 W Oceanfront Model at 1210 W Oceanfront, Unit 1210.5 W Oceanfront in the in the Balboa Island neighborhood starting from $3,500. The second greatest value Balboa Peninsula apartment is the Plan 4 Model at Promontory Point Apartment Homes starting at $3,990 with a $4.85 price per square foot in the Balboa Island neighborhood. Here is today’s list of the best values for Balboa Peninsula apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1210 W Oceanfront, Unit 1210.5 W Oceanfront1210 W Oceanfront1BR,1.5BA$3.50
Promontory Point Apartment HomesPlan 41BR,1BA$4.85

Frequently Asked Questions about Cheap Balboa Peninsula Apartments

How much is rent for a Cheap One Bedroom Balboa Peninsula Apartment?

The lowest price for a Cheap One Bedroom Balboa Peninsula Apartment is $3,840 at Promontory Point Apartment Homes.

What is the lowest price for a Cheap Two Bedroom Balboa Peninsula Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Balboa Peninsula is starting from $4,020 at Promontory Point Apartment Homes.

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

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.