
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.


Beach House Apartments

Park Newport
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.

Newport Bay Terrace
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.

AVA Newport

Eastside Apartments

Madison Newport Apartment Homes
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.
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 | $2,286 | $1,751 | $6,900 |
Island Lagoon 1 Bedroom Apartments | $3,332 | $2,164 | $7,350 |
Island Lagoon 2 Bedroom Apartments | $4,338 | $2,950 | $9,415 |
Island Lagoon 3 Bedroom Apartments | $8,792 | $4,100 | $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.
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Island Lagoon, Newport Beach, CA Local Guide
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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 Eight 80 Newport Beach priced from $1,751. AVA Newport has the second lowest priced unit, which is a Studio apartment currently listed from $2,146. Here are the most affordable Island Lagoon apartments for rent in Newport Beach, CA:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Eight 80 Newport Beach | Balboa I (E1A-S) | Studio,1BA | $1,751 |
AVA Newport | S1 | Studio,1BA | $2,146 |
Eastside Apartments | E1B | Studio,1BA | $2,275 |
Beach House Apartments | Studio | Studio,1BA | $2,275 |
Park Newport | Wedge | Studio,1BA | $2,310 |
Best Value Apartments for Rent in Island Lagoon, CA
As of May 31, 2025 the best value apartment in the Island Lagoon area is the $2.78 price per square foot Plan 2 Model at Baywood Apartment Homes in the in the Turtle Ridge neighborhood starting from $3,240. The second greatest value Island Lagoon apartment is the 292 16th Pl Model at 292 16th Pl, Unit A starting at $3,550 with a $3.23 price per square foot in the Balboa Island 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. |
---|---|---|---|
Baywood Apartment Homes | Plan 2 | 2BR,2BA | $2.78 |
292 16th Pl, Unit A | 292 16th Pl | 2BR,1BA | $3.23 |
Colony at Fashion Island | Plan 2 | 1BR,1BA | $3.90 |
Newport Bay Terrace | 2 Beds / 2 Baths | 2BR,2BA | $2.94 |
Lux Costa Mesa | B5 | 2BR,2BA | $3.83 |
Blue Sol | The Sunset | 1BR,1BA | $3.78 |
Newport North Apartment Homes | Plan 2 | 1BR,1BA | $4.08 |
Newport Bluffs Apartment Village | Residencia - Plan 2 | 1BR,1BA | $4.43 |
Eastside Apartments | E1B | Studio ,1BA | $4.42 |
Beach House Apartments | Studio | Studio ,1BA | $4.55 |
Quick 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 #32
Among neighborhoods in Newport Beach, CA for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet 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 Eight 80 Newport Beach listed at $1,751.
How much is rent for a Cheap One Bedroom Island Lagoon Apartment?
The lowest price for a Cheap One Bedroom Island Lagoon Apartment is $2,247 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 $2,795 at Newport Bay Terrace.
What is the most affordable Island Lagoon Three Bedroom Apartment?
The best deal on a cheap Island Lagoon Three Bedroom Apartment rental is at Newport Bluffs Apartment Village and starts from $4,815.
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.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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.

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.

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.