Cheap Homes for Rent in Island Lagoon Neighborhood of Newport Beach, CA from $3,000 (5 Rentals)

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Search the lowest-cost Homes available for rent right now in the Island Lagoon area of Newport Beach.

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.

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.

Island Lagoon, Newport Beach, CA Local Guide

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 ListingModel NameBed/BathPriced From
Eight 80 Newport BeachBalboa I (E1A-S)Studio,1BA$1,751
AVA NewportS1Studio,1BA$2,146
Eastside ApartmentsE1BStudio,1BA$2,275

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 ListingModel NameBed/BathPrice Per Sq.Ft.
Baywood Apartment HomesPlan 22BR,2BA$2.78
292 16th Pl, Unit A292 16th Pl2BR,1BA$3.23
Colony at Fashion IslandPlan 21BR,1BA$3.90
Newport Bay Terrace2 Beds / 2 Baths2BR,2BA$2.94
Lux Costa MesaB52BR,2BA$3.83
Blue SolThe Sunset1BR,1BA$3.78
Newport North Apartment HomesPlan 21BR,1BA$4.08
Newport Bluffs Apartment VillageResidencia - Plan 21BR,1BA$4.43
Eastside ApartmentsE1BStudio ,1BA$4.42
Beach House ApartmentsStudioStudio ,1BA$4.55

Quick Rent Budget Calculator

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Frequently Asked Questions about Island Lagoon

What type of rentals are currently available in Island Lagoon?

There are currently 355 Apartments for Rent in Island Lagoon, CA with pricing that ranges from $1,751 to $50,000. There are also 53 Single Family Homes for rent, Condos, and Townhome rentals currently available in Island Lagoon ranging from $3,000 to $40,900.

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 $3,000 to $40,900 with an average monthly rent of $13,849.

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.

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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.

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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.

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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.

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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.