Average Rent in Newport Beach, CA

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Current Versus Historical Newport Beach, CA Rents

Newport Beach rentals average $1,920 for a studio rental to $17,200 for a 4-bedroom rental. The median price of all currently available listings is $6,495, or roughly $4 per square feet.
For the apartment units and housing in June 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $98 (5.38%) year-over-year from $1,817 to $1,915. 1-bedroom rentals prices have increased by $67 (3.18%) year-over-year from $2,116 to $2,183. 2-bedroom rentals prices have decreased by $590 (-16.78%) year-over-year from $3,516 to $2,926. 3-bedroom rentals prices have increased by $1,378 (20.80%) year-over-year from $6,623 to $8,000. 4-bedroom rentals prices have increased by $6,367 (58.77%) year-over-year from $10,833 to $17,200. Note that this figure includes all active and rented listings throughout the month.
Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone up by 5.35% this month. 1-bedroom rents have gone up by 2.80% this month. 2-bedroom rents have gone down by 9.60% this month. 3-bedroom rents have gone up by 15.41% this month. 4-bedroom rents have gone up by 20.29% this month.
Beds
Price / Sqft
Jun 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $4.60 $1,915 $1,817 (5.38%) $1,687 (13.54%)
1 BR $3.41 $2,183 $2,116 (3.18%) $1,941 (12.47%)
2 BR $3.42 $2,926 $3,516 (-16.78%) $2,528 (15.74%)
3 BR $4.64 $8,000 $6,623 (20.80%) $6,103 (31.08%)
4+ BR $5.02 $17,200 $10,833 (58.77%) $10,783 (59.51%)

Historical Rents in Newport Beach, CA

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Newport Beach

There are a total of 8 cities nearby Newport Beach. The average rent in Newport Beach is currently $4,913 per month. A total of 6 cities nearby have an average rent lower than that. Our records show that Costa Mesa, CA, with an average rent of $2,779, is the most affordable city nearby. In contrast, the most expensive city near Newport Beach, CA is Laguna Beach, CA. Monthly rents here are on average $9,000 per month.

Let's compare Newport Beach, CA's rent against other top cities nearby by bedroom size. Typically, rent for studios in Newport Beach, CA is 13.08% more affordable than other cities nearby. One bedrooms are about 21.68% more affordable. Two bedrooms in Newport Beach, CA are about 27.84% more affordable. Finally, rent for three bedrooms are about 27.01% more expensive. Want more information? Check out the top 8 cities near Newport Beach, CA in the following chart.
City Studio 1 Bed 2 Bed All
Costa Mesa, CA $2,217 $2,573 $3,328 $2,779
Mission Viejo, CA $2,339 $2,434 $3,093 $3,750
Huntington Beach, CA $2,329 $2,900 $3,424 $3,800
Irvine, CA $2,496 $2,817 $3,704 $4,325
Dana Point, CA N/A $3,000 $4,500 $5,500
San Clemente, CA $2,124 $2,700 $4,300 $6,450
Newport Beach, CA $1,924 $2,291 $4,700 $7,498
Laguna Beach, CA N/A $5,500 $7,750 $9,000

Top Neighborhoods Near Newport Beach

There are a total of 2 neighborhoods in or near Newport Beach. We've included all of these top 2 neighborhoods in or near Newport Beach, CA in the following chart.

The average rent for these 2 neighborhoods in or near Newport Beach, CA is currently around $3,082 per month. A total of 2 neighborhoods have a lower average rent. Out of all the neighborhoods in or near Newport Beach, Mesa Verde has the most affordable average rent at $2,726 per month. Whereas, at $3,437 average rent per month, Irvine Business Complex is the most expensive neighborhood in or near Newport Beach. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
Mesa Verde, Costa Mesa, CA $2,203 $2,626 $3,402 $2,726
Irvine Business Complex, Irvine, CA $2,496 $2,868 $3,781 $3,437

Top Counties Near Newport Beach

There are a total of 2 counties located by Newport Beach, CA. The average rent for rentals in these counties is $4,450. That's roughly around $3 per sqft. A total of 1 counties have a lower average rent. The county that is the most affordable is Orange, CA. It's average rent per month is $4,450. Vice versa, with an average rent of $4,450, Orange, CA is the most expensive county by Newport Beach, CA.

Typically, rent for studios in Newport Beach, CA is 16.67% more affordable than other counties nearby. In comparison, rent for one bedroom listings in Newport Beach, CA is 17.34% more affordable than other counties nearby. Finally, rent for two bedrooms in Newport Beach, CA is 11.69% more affordable than other counties nearby. We've listed the top 1 counties in the chart below.
County Studio 1 Bed 2 Bed All
Orange, CA $2,240 $2,660 $3,497 $4,450

Top Zipcodes Near Newport Beach

There are a total of 7 zipcodes in or near Newport Beach, CA. The average rent for all of these zipcodes is $4,985. A total of 6 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 92626, Costa Mesa, CA at $2,711 per month. In comparison, the zipcode with the most expensive average rent of $10,000 per month is 92651, Orange County, CA.

Studios in these zipcodes have an average rent of $1,920. That's at least $4 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Newport Beach, CA is $2,862 per month. Or in other words, $4 per sqft. Meanwhile, two bedroom apartments will cost you an average of $3,622 per month. Which comes out to $3 per sqft. The following chart includes the top 7 zipcodes in Newport Beach, CA. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
92663, Newport Beach, CA $1,920 $2,266 $2,911 $2,820
92626, Costa Mesa, CA $2,217 $2,577 $3,312 $2,711
92614, Irvine, CA $2,466 $2,862 $3,622 $3,568
92648, Huntington Beach, CA $2,329 $4,124 $4,974 $4,987
92651, Orange County, CA N/A $5,500 $7,750 $10,000
92618, Irvine, CA N/A $2,500 $3,600 $4,985
92629, Dana Point, CA N/A $3,000 $4,500 $5,500

Frequently Asked Questions - Newport Beach Average Rents

What is the average rent price in Newport Beach, CA?
The average monthly rental price for Newport Beach, CA apartments for rent is approximately $6,495. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do Newport Beach, CA rent prices drop in winter?
Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in Newport Beach, CA.
How much is a studio apartment in Newport Beach, CA?
The average monthly rental price for studio apartments is $1,920 and an average price per square feet of $4.60. There are a total of 20 studio apartment listings currently available for rent in Newport Beach.
How much is a one bedroom apartment in Newport Beach, CA?
The average monthly rental price for one bedroom apartments is $2,267 and an average price per square feet of $3.41. There are a total of 27 one bedroom apartment listings currently available for rent in Newport Beach.
How much is a two bedroom apartment in Newport Beach, CA?
The average monthly rental price for two bedroom apartments is $3,131 and an average price per square feet of $3.42. There are a total of 40 two bedroom apartment listings currently available for rent in Newport Beach.
How have rent prices in Newport Beach, CA changed this year?
Rent prices for rentals in Newport Beach, CA can fluctuate yearly. Specifically, studio rental prices have changed by 0.05%, one bedroom rental prices have changed by 0.03%, two bedroom rental prices have changed by -0.17%, and three bedroom rental prices have changed by 0.21% year-over-year.
What is a reasonable rent price in Newport Beach, CA?
A reasonable rent price in Newport Beach, CA is around $5,196/month. You can search for these reasonably priced rental listings on RentHop.
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