
Cheap Homes for Rent in Island Lagoon Neighborhood of Newport Beach, CA from $3,000 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the Island Lagoon area of Newport Beach.


225 1/2 Marguerite
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.

517 1/2 Marguerite Ave

143 Walnut St
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.

324 E Balboa Blvd, Unit B
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 | $5,981 | $3,000 | $10,000+ |
Island Lagoon 3 Bedroom Homes for Rent | $11,216 | $4,200 | $10,000+ |
Island Lagoon 4 Bedroom Homes for Rent | $16,799 | $6,750 | $10,000+ |
Island Lagoon 5 Bedroom Homes for Rent | $21,400 | $10,000 | $10,000+ |
Browse Homes for Rent in this Neighborhood
There are currently 5 rentals with your search options within a 2 mile radius of the Island Lagoon Neighborhood of Newport Beach, CA.
Explore Newport Beach
Island Lagoon, Newport Beach, CA Local Guide
- Nearby Newport Beach neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 |
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.
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.

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.