Newport Beach, CA Rental Market Trends
What is the average rent in Newport Beach?
The average rent for an apartment in Newport Beach is $2,940, a 7% increase compared to the previous year, when the average rent was $2,747.
Average Rent in Newport Beach, CA
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $2,940 | 7% | 966 sq. ft. |
What is the average apartment size in Newport Beach?
The average size for a Newport Beach, CA apartment is 966 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. 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
Newport Beach, CA Occupied Housing Units
15,887 or 42% of the households in Newport Beach, CA are renter-occupied while 21,718 or 57% are owner-occupied.
Newport Beach, CA Rent Trends
| Average Rent | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Mar / 2021 | Jul / 2021 |
|---|---|---|---|---|---|---|---|---|---|---|
| Newport Beach, CA | $2,715 | $2,745 | $2,733 | $2,745 | $2,794 | $2,818 | $2,747 | $2,840 | $2,918 | $2,940 |
| National | $1,348 | $1,357 | $1,362 | $1,394 | $1,401 | $1,403 | $1,394 | $1,397 | $1,404 | $1,482 |
Average Rent in Newport Beach, CA By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Newport Coast | $3,172 |
| Eastbluff - Big Canyon | $3,140 |
| Harbor View - Harbor Ridge | $3,140 |
| Newport Center | $3,140 |
| Santa Ana Heights | $3,140 |
| Westcliff | $3,140 |
| Corona Del Mar | $2,993 |
| Newport Harbor | $2,919 |
| Balboa Peninsula | $2,277 |
| Lido Isle | $2,277 |
| Newport Heights | $2,277 |
| West Newport Beach | $2,277 |
What are the most affordable neighborhoods in Newport Beach?
The most affordable neighborhoods in Newport Beach are Balboa Peninsula, where the average rent goes for $2,277/month, Lido Isle, where renters pay $2,277/mo on average, and Newport Heights, where the average rent goes for $2,277/mo. If you’re looking for other great deals, check out the listings from West Newport Beach ($2,277), Newport Harbor ($2,919), and Corona Del Mar ($2,993), where the asking prices are below the average Newport Beach rent of $2,940/mo.
What are the most expensive neighborhoods in Newport Beach?
The most expensive neighborhoods in Newport Beach are Santa Ana Heights ($3,140), Westcliff ($3,140) and Newport Coast ($3,172).
What are the most popular neighborhoods in Newport Beach?
The most popular neighborhood in Newport Beach is Santa Ana Heights, where there are 3 verified RENTCafé listings with an average rent of $3,140. Next up is West Newport Beach, where apartments go for $2,277/month, followed by Balboa Peninsula with $2,277 If you’re looking to rent in Newport Beach’s most popular neighborhoods, make sure to also check out Corona Del Mar, where renters pay $2,993 on average, and Eastbluff - Big Canyon, where the average monthly rent is $3,140.
Newport Beach | Rent Comparison by Neighborhood
Rent in Balboa Peninsula is 24% lower than in Corona Del Mar
Balboa Peninsula rent is 23% lower than Newport Beach average
| Average Rent | $2,277 |
|---|
Corona Del Mar rent is 2% higher than Newport Beach average
| Average Rent | $2,993 |
|---|
How Newport Beach Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Los Angeles | $2,450 | 1% |
| San Francisco | $3,035 | -11% |
| East Bay | $2,365 | 1% |
| San Diego | $2,344 | 8% |
| Long Beach | $2,186 | 4% |
| West Hollywood | $2,656 | 1% |
| Anaheim | $1,945 | 4% |
| Pasadena | $2,532 | 5% |
| Riverside | $1,820 | 12% |
| Santa Ana | $2,051 | 5% |
| Newport Beach | $2,940 | 7% |