Newport Beach, CA Rental Market Trends
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
- > $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
|Nov / 2016||Mar / 2017||Jul / 2017||Nov / 2017||Mar / 2018||Jul / 2018||Nov / 2018||Mar / 2019||Jul / 2019||Nov / 2019|
Average Rent in Newport Beach, CA By Neighborhood
|West Newport Beach||$2,157|
|Corona Del Mar||$2,533|
|Santa Ana Heights||$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
Corona Del Mar rent is 9% lower than Newport Beach average
How Does Newport Beach Compare to Nearby Cities
|Average Rent||Y-o-Y Change|
For more information about the Newport Beach rental trends, check out our monthly rent report