
Cheap Homes for Rent in Island Lagoon Neighborhood of Newport Beach, CA from $3,800 (6 Rentals)
Search the lowest-cost Homes available for rent right now in the Island Lagoon area of Newport Beach.


533 St Andrews Rd

Total Monthly Price
1765 Santa Ana Ave, Unit SI FL1-ID3459A
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.

2101 E 15th St, Unit 8

Total Monthly Price
1765 Santa Ana Ave, Unit SI FL1-ID7843A

221 Pearl Ave
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.
Island Lagoon, Newport Beach, CA Local Guide

How much does it cost to rent a home in Island Lagoon?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Island Lagoon 2 Bedroom Homes for Rent | $7,217 | $3,800 | $10,000+ |
| Island Lagoon 3 Bedroom Homes for Rent | $10,815 | $5,200 | $10,000+ |
| Island Lagoon 4 Bedroom Homes for Rent | $17,257 | $7,000 | $10,000+ |
| Island Lagoon 5 Bedroom Homes for Rent | $33,500 | $10,000 | $10,000+ |
Browse Homes for Rent in this Neighborhood
There are currently 6 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 $1,810. Park Newport has the second lowest priced unit, which is a Studio apartment currently listed from $2,495. 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 (E1A-N) | Studio,1BA | $1,810 |
| Park Newport | Wedge | Studio,1BA | $2,495 |
| Baywood Apartment Homes | Plan 1 | 1BR,1BA | $2,775 |
Best Value Apartments for Rent in Island Lagoon, CA
As of June 21, 2026 the best value apartment in the Island Lagoon area is the $3.39 price per square foot Plan 2B Model at Fairway at Big Canyon in the in the Spyglass Hill neighborhood starting from $5,079. The second greatest value Island Lagoon apartment is the Plan 4 Model at Colony at Fashion Island starting at $5,555 with a $4.07 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. |
|---|---|---|---|
| Fairway at Big Canyon | Plan 2B | 2BR,2BA | $3.39 |
| Colony at Fashion Island | Plan 4 | 2BR,2BA | $4.07 |
| 1584 Redlands Pl, Unit Unit C | 1584 Redlands Pl | 2BR,2.5BA | $2.90 |
| 816 Amigos Way, Unit A | 816 Amigos Way | 2BR,2BA | $2.71 |
| 609 Narcissus Ave, Unit 609.5 Narcissus Avenue | 609 Narcissus Ave | 2BR,1BA | $4.00 |
| 320 Sapphire Ave, Unit 320 1/2 Sapphire | 320 Sapphire Ave | 2BR,2BA | $4.35 |
| 1069 Buckingham Lane, 1601-1728 Bedford Lane | 2 Bed 1 Bath Plan F | 2BR,1BA | $4.15 |
| Baywood Apartment Homes | Plan 1 | 1BR,1BA | $3.31 |
| Newport North Apartment Homes | Plan 1 | 1BR,1BA | $4.38 |
| Eight 80 Newport Beach | Balboa (E1A-N) | Studio ,1BA | $4.46 |
Don'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 ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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.
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
Frequently Asked Questions about Island Lagoon
What type of rentals are currently available in Island Lagoon?
There are currently 358 Apartments for Rent in Island Lagoon, CA with pricing that ranges from $1,810 to $35,000. There are also 44 Single Family Homes for rent, Condos, and Townhome rentals currently available in Island Lagoon ranging from $3,800 to $75,000.
What is the current price range for Rental Homes in Island Lagoon?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Island Lagoon ranges from $3,800 to $75,000 with an average monthly rent of $17,197.
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

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.