
Cheap Apartments for Rent in the Lower Newport Bay Neighborhood of Newport Beach, CA from $1,395 (42 Rentals)
Search the lowest-cost Apartments available for rent right now in the Lower Newport Bay area of Newport Beach.


The Waterfront

Promontory Point Apartment Homes

404 E Balboa Blvd

1007 E Balboa Blvd

1500-1600 Clay St

1244 W Balboa Blvd

1321-& 1323 E Balboa Blvd
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

1338 W Balboa Blvd

1550 Miramar Dr

Newport Bay Towers

1601 W Balboa Blvd

1204 W Balboa Blvd

307 E Edgewater Ave

1420 W Oceanfront

315 E Bay Ave
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

227 Diamond Ave

805 N Bayfront

901 E Balboa Blvd

1300-1304 Coral Pl

1240 W Balboa Blvd

1400 Haven Pl

1224 W Balboa Blvd

1324 W Balboa Blvd
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

417 E Bay Ave

330 Balboa Blvd

542 Bayfront

301 Edgewater Ave

Balboa Boulevard Apartments

325 Grand Canal

214 Grand Canal

505 Saint Andrews Rd
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.

201 E Bay Ave

900 E Oceanfront

125 Turquoise Ave

1320 W Balboa Blvd

1601 Haven Pl

Bayshore Apartments

Lightsand

Newport Dunes
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.

305 E Bay Apartments

Balboa Bay Club & Resort
Lower Newport Bay, Newport Beach, CA Local Guide

How much does it cost to rent an apartment in Lower Newport Bay?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lower Newport Bay Studio Apartments | $2,162 | $1,911 | $2,599 |
| Lower Newport Bay 1 Bedroom Apartments | $3,024 | $2,163 | $6,600 |
| Lower Newport Bay 2 Bedroom Apartments | $3,967 | $2,963 | $6,295 |
| Lower Newport Bay 3 Bedroom Apartments | $11,438 | $3,695 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 42 rentals with your search options within a 1 mile radius of the Lower Newport Bay Neighborhood of Newport Beach, CA.
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Lower Newport Bay, Newport Beach, CA Local Guide
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Cheapest Available Lower Newport Bay Apartments for Rent
 The cheapest available apartment rental in the Lower Newport Bay area of Newport Beach, CA is a Studio unit found at Eight 80 Newport Beach priced from $1,911. Promontory Point Apartment Homes has the second lowest priced unit, which is a 1 Bed apartment currently listed from $4,055. Here are the most affordable Lower Newport Bay apartments for rent in Newport Beach, CA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Eight 80 Newport Beach | Balboa (E1A-N) | Studio,1BA | $1,911 |
| Promontory Point Apartment Homes | Plan 5 | 1BR,1BA | $4,055 |
| The Waterfront | B3-VR - 2x2 | 2BR,2BA | $6,295 |
Best Value Apartments for Rent in Lower Newport Bay, CA
As of September 13, 2026 the best value apartment in the Lower Newport Bay area is the $4.73 price per square foot B3-VR - 2x2 Model at The Waterfront in the in the Balboa Island neighborhood starting from $6,295. The second greatest value Lower Newport Bay apartment is the Plan 1 Model at Promontory Point Apartment Homes starting at $4,080 with a $5.13 price per square foot in the Balboa Island neighborhood. Here is today’s list of the best values for Lower Newport Bay apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Waterfront | B3-VR - 2x2 | 2BR,2BA | $4.73 |
| Promontory Point Apartment Homes | Plan 1 | 1BR,1BA | $5.13 |
| Eight 80 Newport Beach | Dune I (E1B-S) | Studio ,1BA | $5.17 |
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 ArticleNavigating 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.
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 Lower Newport Bay, Newport Beach, CA
Newport Elementary School
Newport Harbor High School
Horace Ensign Intermediate
School data provided by Great Schools
Frequently Asked Questions about Cheap Lower Newport Bay Apartments
What is the Cheapest Studio apartment in Lower Newport Bay?
Currently the most affordable Cheap Studio Apartment in Lower Newport Bay is at Eight 80 Newport Beach listed at $1,911.
How much is rent for a Cheap One Bedroom Lower Newport Bay Apartment?
The lowest price for a Cheap One Bedroom Lower Newport Bay Apartment is $2,213 at Eight 80 Newport Beach.
What is the lowest price for a Cheap Two Bedroom Lower Newport Bay Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Lower Newport Bay is starting from $3,155 at Eight 80 Newport Beach.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.