Apartments in Balboa Peninsula Newport Beach

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$3,995
1612 Orange Ave Costa Mesa, CA
2 BR | Available Now
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19
$4,900
Newport Beach, CA
3 BR | Jun. 8, 2026
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$4,900
1063 Dover Dr Newport Beach, CA
2 BR | Available Now
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$3,150
Costa Mesa, CA
2 BR | Available Now
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22
$1,995 - 4,565
1765 Santa Ana Avenue Costa Mesa, CA
Studio - 3 BR | Available Now
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$3,495
231 Cabrillo St Costa Mesa, CA
2 BR | Available Now
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$2,500
221 Cabrillo St Costa Mesa, CA
Studio | Available Now
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1
$5,500
210 Lugonia St Newport Beach, CA
3 BR | Jun. 6, 2026
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$2,995
Costa Mesa, CA
1 BR | Available Now
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Newport Beach:
May Rent Report

Welcome to the May 2026 Newport Beach Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the May 2026 key findings and figures for the Newport Beach rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Newport Beach and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Newport Beach average rent prices in the chart below.

Monthly Rent Report

$4,350
$3,260
$2,180
$1,090
$0
Jun. 2025
Jul. 2025
Aug. 2025
Sep. 2025
Oct. 2025
Nov. 2025
Dec. 2025
Jan. 2026
Feb. 2026
Mar. 2026
Apr. 2026
May. 2026
1 BR       2 BR

Newport Beach Rent Prices Decrease From April to May

Newport Beach rent prices decreased over the last month. From April to May, the city experienced a 0% decrease for the price of a one-bedroom apartment. The rent price for a Newport Beach one-bedroom apartments currently stands at $.

When we take a look at the two-bedroom comparison from April to May, Newport Beach experienced a 0% decrease for the price of a two-bedroom apartment. The rent price for a Newport Beach two-bedroom apartments currently stands at $.

May Prices: Newport Beach vs. Surrounding Areas

Rent Prices in Newport Beach and Surrounding Areas

Rent prices have decreased in Newport Beach over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Newport Beach suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rents did not increase in any of the Newport Beach suburbs

  • Rents did not decrease in any of the Newport Beach suburbs.

May 2026 Pricing Trends: Newport Beach vs. National Comparisons

Newport Beach Rent Prices More Affordable Than Major Cities

Rent growth in Newport Beach over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Newport Beach average rent prices appear to be relatively affordable for local residents.

The price for a Newport Beach one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Newport Beach and surrounding area rent prices, take a look at the complete data set below.

Data set for Newport Beach and suburbs

1 BR May 1 BR M/M % Change 2 BR May 2 BR M/M % Change

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.