33 rentals in Balboa Island
Rentals in Balboa Island, Newport Beach
Balboa Island Rental Market
$12.0K
Median Rent
33
Available
3
New This Week
About Renting in Balboa Island
Balboa Island is a popular neighborhood in Newport Beach, OH for renters. Currently, there are 33 rental properties available with a median rent of $12.0K/month.
Balboa Island Rental Pulse
Median Rent
$12.0K/mo
Census estimate for Balboa Island
Rental Velocity
How fast rentals are leasing
Rentals are sitting on the market—renters have strong leverage to negotiate rent, terms, and move-in specials.
Rental Inventory Distribution
Rentals are leasing at a healthy pace—more listings move within 30 days than sit longer on the market.
Most rentals are leasing within a month, but a meaningful share is starting to linger longer.
Median Rent by Bedroom
Rent increases significantly with bedroom count—larger units command premium prices.
Each additional bedroom adds about $3,347.5/mo to rent on average, with larger units commanding higher premiums.
Largest increase: 3 → 4 bedrooms (+$11.8K/mo)
Rent Reductions
6 listings have reduced their rent
18% of active listings
Average reduction: 18.9% (~$2,268/mo)
Nearby Neighborhoods
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