Park Newport
1 Park Newport,
Newport Beach, CA 92660
Studio - 3 Beds | $2,450 - $4,680
Rental Market Trends in Newport Beach, CA
What is the average rent in Newport Beach, CA?
$3,113/month
Average Rent
769 Sq Ft
Average Apartment Size
-0.6%
Decrease in the Last Year
As of December 2024, the average rent in Newport Beach, CA is $3,113 per month. This is 100% higher than the national average rent price of $1,560/month, making Newport Beach one of the most expensive cities in the US. When you rent an apartment in Newport Beach, you can expect to pay about $2,135 per month for a studio, $3,113 for a one-bedroom apartment, and around $3,910 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $5,542 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Newport Beach, CA?
In the past year, rent has decreased by 0.6%, which averages out to $20 less per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated December 2024
Legend
2023
2024
Rent Ranges in Newport Beach, CA
Last Updated December 2024
Above $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
4%
$1,001 - $1,500/month
15%
$1,501 - $2,000/month
82%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Newport Beach?
Based on current rent prices, Bayview, Newport Harbor and Newport Hills are the most affordable neighborhoods in Newport Beach.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Newport Beach?
Based on current rent prices, Big Canyon, Newport Center and Far West Newport are the most expensive neighborhoods in Newport Beach.
Neighborhood
Average Rent
Average Sq Ft
Which Newport Beach neighborhoods have the most rentals available?
The neighborhoods in Newport Beach with the most apartments available are Newport Harbor, Belcourt and Newport Bluffs .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Newport Beach, CA?
Because the average rent in Newport Beach is $3,113, you’ll want to make about $10,376 per month or $124,512 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Newport Beach, CA compare to other nearby cities and neighborhoods?
Use the tool below to compare Newport Beach, CA to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
-
-
One Bedroom
$2,245/month
$3,768/month
Two Bedroom
$2,611/month
$4,577/month
Three Bedroom
-
$5,534/month
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Methodology
† 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.
* Percentages may not total 100 due to rounding.