Newport Beach, CA Rental Market Trends
Highlights
The average rent for an apartment in Newport Beach is $2,794, a 2% increase compared to the previous year, when the average rent was $2,745.
Average Rent in Newport Beach, CA
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $2,794 | 2% | 967 sq. ft. |
The average size for a Newport Beach, CA apartment is 967 square feet, but this number varies greatly depending on apartment type. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Newport Beach, CA Apartment Rent Ranges
- $1,501-$2,00027%
- > $2,00072%
Newport Beach, CA Occupied Housing Units
- Renter-occupied Households41%
- Owner-occupied Households58%
15,878 or 41% of the households in Newport Beach, CA are renter-occupied while 22,093 or 58% are owner-occupied.
Newport Beach, CA Rent Trends
| Average Rent | Nov / 2016 | Mar / 2017 | Jul / 2017 | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 |
|---|---|---|---|---|---|---|---|---|---|---|
| Newport Beach, CA | $2,652 | $2,634 | $2,641 | $2,701 | $2,713 | $2,715 | $2,745 | $2,733 | $2,745 | $2,794 |
| National | $1,353 | $1,349 | $1,381 | $1,383 | $1,386 | $1,421 | $1,430 | $1,434 | $1,470 | $1,476 |
Average Rent in Newport Beach, CA By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| West Newport Beach | $2,157 |
| Newport Heights | $2,157 |
| Lido Isle | $2,157 |
| Balboa Peninsula | $2,157 |
| Corona Del Mar | $2,533 |
| Newport Harbor | $2,787 |
| Newport Coast | $2,893 |
| Westcliff | $3,014 |
| Santa Ana Heights | $3,014 |
| Newport Center | $3,014 |
| Harbor View - Harbor Ridge | $3,014 |
| Eastbluff - Big Canyon | $3,014 |
The most affordable neighborhoods in Newport Beach are Balboa Peninsula, where the average rent goes for $2,157/month, Lido Isle, where renters pay $2,157/mo on average, and Newport Heights, where the average rent goes for $2,157/mo. If you’re looking for other great deals, check out the listings from West Newport Beach ($2,157), Corona Del Mar ($2,533), and Newport Harbor ($2,787), where the asking prices are below the average Newport Beach rent of $2,794/mo.
The most expensive neighborhoods in Newport Beach are Newport Center ($3,014), Santa Ana Heights ($3,014) and Westcliff ($3,014).
Newport Beach | Rent Comparison by Neighborhood
Rent in Balboa Peninsula is 15% lower than in Corona Del Mar
Balboa Peninsula rent is 23% lower than Newport Beach average
| Average Rent | $2,157 |
|---|
Corona Del Mar rent is 9% lower than Newport Beach average
| Average Rent | $2,533 |
|---|
How Does Newport Beach Compare to Nearby Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Anaheim | $1,835 | 3% |
| Costa Mesa | $2,117 | 2% |
| Fullerton | $1,931 | 3% |
| Santa Ana | $1,954 | 2% |
| Irvine | $2,502 | 4% |
| Tustin | $2,218 | 5% |
| Garden Grove | $1,774 | 6% |
| Orange | $2,059 | 3% |
| Orange City | $2,059 | 2% |
| Buena Park | $1,760 | 2% |
| Newport Beach | $2,794 | 2% |
For more information about the Newport Beach rental trends, check out our monthly rent report