
Cheap Apartments for Rent in the Island Lagoon Neighborhood of Newport Beach, CA from $1,300 (19 Rentals)
Search the lowest-cost Apartments available for rent right now in the Island Lagoon area of Newport Beach.


915 E Balboa Blvd

Park Newport
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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.

AVA Newport
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.

Eastside Apartments
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.
Island Lagoon, Newport Beach, CA Local Guide

How much does it cost to rent an apartment in Island Lagoon?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Island Lagoon Studio Apartments | $2,330 | $1,897 | $4,090 |
| Island Lagoon 1 Bedroom Apartments | $3,656 | $2,104 | $9,240 |
| Island Lagoon 2 Bedroom Apartments | $4,675 | $2,768 | $10,000+ |
| Island Lagoon 3 Bedroom Apartments | $7,633 | $3,570 | $10,000+ |
| Island Lagoon 4 Bedroom Apartments | $9,500 | $7,500 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 19 rentals with your search options within a 2 mile radius of the Island Lagoon Neighborhood of Newport Beach, CA.
See all Apartments in Newport BeachExplore Newport Beach
Island Lagoon, Newport Beach, CA Local Guide
- Nearby Newport Beach neighborhoods
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Cheapest Available Island Lagoon Apartments for Rent
 The cheapest available apartment rental in the Island Lagoon area of Newport Beach, CA is a Studio unit found at AVA Newport priced from $1,940. Eight 80 Newport Beach has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,104. Here are the most affordable Island Lagoon apartments for rent in Newport Beach, CA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| AVA Newport | S1 | Studio,1BA | $1,940 |
| Eight 80 Newport Beach | Peninsula (A1A-S) | 1BR,1BA | $2,104 |
| Park Newport | Wedge | Studio,1BA | $2,525 |
| Baywood Apartment Homes | Plan 1 | 1BR,1BA | $2,675 |
| Newport Bluffs Apartment Village | Residencia - Plan 1 | Studio,1BA | $2,695 |
Best Value Apartments for Rent in Island Lagoon, CA
As of October 28, 2025 the best value apartment in the Island Lagoon area is the $4.02 price per square foot Plan 5 Model at Colony at Fashion Island in the in the UC Irvine neighborhood starting from $6,210. The second greatest value Island Lagoon apartment is the 2 Bed 2 Bath Model at Fairway at Big Canyon starting at $4,919 with a $3.28 price per square foot in the UC Irvine neighborhood. Here is today’s list of the best values for Island Lagoon apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Colony at Fashion Island | Plan 5 | 2BR,2BA | $4.02 |
| Fairway at Big Canyon | 2 Bed 2 Bath | 2BR,2BA | $3.28 |
| Blue Sol | The San Clemente | 3BR,2BA | $3.07 |
| Newport North Apartment Homes | Plan 4 | 2BR,2BA | $3.68 |
| Eastside Apartments | 21BL | 2BR,1BA | $3.43 |
| 145 East 18th | Unit #A 2Bed/1Ba | 2BR,1BA | $3.24 |
| Baywood Apartment Homes | Plan 1 | 1BR,1BA | $3.19 |
| Promontory Point Apartment Homes | Plan 4 | 1BR,1BA | $4.86 |
| Eight 80 Newport Beach | Peninsula (A1A-S) | 1BR,1BA | $3.16 |
| Newport Bluffs Apartment Village | Residencia - Plan 1 | Studio ,1BA | $4.91 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
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 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 LifestyleIsland Lagoon, Newport Beach, CA
Ranked #30
Among cities in California for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Best Local Schools in Island Lagoon, Newport Beach, CA
Harbor View Elementary
Corona del Mar High
Horace Ensign Intermediate
School data provided by Great Schools
Getting Around the Island Lagoon Neighborhood in Newport Beach, CA
Walk Score®
40 / 100
Car-Dependent
Most errands require a car
Bike Score®
47 / 100
Somewhat Bikeable
Minimal bike infrastructure
Transit Score®
39 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Island Lagoon Apartments
What is the Cheapest Studio apartment in Island Lagoon?
Currently the most affordable Cheap Studio Apartment in Island Lagoon is at AVA Newport listed at $1,940.
How much is rent for a Cheap One Bedroom Island Lagoon Apartment?
The lowest price for a Cheap One Bedroom Island Lagoon Apartment is $2,104 at Eight 80 Newport Beach.
What is the lowest price for a Cheap Two Bedroom Island Lagoon Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Island Lagoon is starting from $2,750 at 145 East 18th.
What is the most affordable Island Lagoon Three Bedroom Apartment?
The best deal on a cheap Island Lagoon Three Bedroom Apartment rental is at Baywood Apartment Homes and starts from $3,570.
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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.













