311 E Bay Ave
311 E Bay Ave,
Newport Beach, CA 92661
$2,350 | 1 Bed
Balboa Peninsula Point
Newport Beach, CA
Balboa Peninsula Point - Newport Beach, CA
Area Guide
A close-knit, waterfront community with plenty of amenities
Beach
•
Upscale
•
Community
•
Great Location
•
Fun-Filled
•
Family-Friendly
•
Surrounded by water, Balboa Peninsula Point is the perfect neighborhood for renters looking for a piece of paradise right outside their window. Rentals in this upscale, coastal community range from high-end oceanfront houses and beachfront cottages to apartments with waterfront views. With such easy access to the water, surfing, whale watching, fishing, boating, and other watersports are extremely popular. Great for renters who value leisure and relaxation, this laid-back locale has a beach, several oceanfront parks, diverse eateries, surf shops, boutiques, and an amusement park. Balboa Peninsula Park offers great views of the Pacific Ocean, while Balboa Fun Zone provides family-friendly fun with old-school amusement rides, carnival games, and casual eats. This neighborhood gets its serenity from its location beyond the end of the Balboa Peninsula boardwalk, which is also packed with amenities.
Residents of Balboa Peninsula Point form a tight-knit community centered around the Balboa Peninsula Point Association, which provides its members access to a private beach and boat launch. Meet up with your new neighbors at the Peninsula Point Tennis Club, or join them for regular beach barbecues and the annual chili cook-off before settling back to enjoy the sound of the waves as you fall asleep at night.
Rent Trends
As of March 2025, the average apartment rent in Balboa Peninsula Point is $1,496 for a studio, $1,783 for one bedroom, and $1,970 for two bedrooms. Apartment rent in Balboa Peninsula Point has increased by 1.0% in the past year.
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Studio
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300 sq ft
Average Sq Ft
-
$1,496/month
Average Rent
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1 BR
-
521 sq ft
Average Sq Ft
-
$1,783/month
Average Rent
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2 BR
-
772 sq ft
Average Sq Ft
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$1,970/month
Average Rent
Transportation
74
Very Walkable
out of 100 WalkScore® Rating
If you enjoy walking, you’ll enjoy renting in this area! It’s a very walkable neighborhood.
32
Some Transit
out of 100 TransitScore® Rating
You'll likely want a car when living in this area since it has few transit options.
70
Very Bikeable
out of 100 BikeScore® Rating
This area is very bikeable. You’ll find a variety of bike paths and lanes.
Points of Interest
Shopping Centers
Parks and Recreation
- ExplorOcean
- Sherman Library and Gardens
- Castaways Park
- Buck Gully
- Corona Del Mar State Beach
Commuter Rail
Airports
- John Wayne/Orange County
- Long Beach (Daugherty Field)
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2025.