136 Luxury Apartments for rent in Newport Beach, CA

Last updated November 20 at 8:43pm UTC
1454 Sea Ridge Drive
Bayside
Newport Beach, CA
Updated October 22 at 2:46am UTC
3 Bedrooms
$6,450
6 Rockingham Drive
Belcourt
Newport Beach, CA
Updated October 28 at 6:45pm UTC
5 Bedrooms
$17,900
2682 Circle Drive
Newport Heights
Newport Beach, CA
Updated November 16 at 11:08am UTC
4 Bedrooms
$25,000
1943 Port Locksleigh Place
Newport Hills
Newport Beach, CA
Updated November 4 at 6:19pm UTC
5 Bedrooms
$12,000
24 Coral Reef
Pelican Hill
Newport Beach, CA
Updated November 12 at 9:09am UTC
4 Bedrooms
$7,200
116 Collins Avenue
Balboa Island
Newport Beach, CA
Updated October 19 at 2:16am UTC
4 Bedrooms
$4,900
8 Lessay
Newport Ridge
Newport Beach, CA
Updated November 4 at 2:41am UTC
3 Bedrooms
$4,300
314 Prospect Street
Cliff Haven
Newport Beach, CA
Updated October 11 at 5:03am UTC
3 Bedrooms
$4,200
2 Cavaillon
Newport Ridge North
Newport Beach, CA
Updated November 20 at 5:56pm UTC
4 Bedrooms
$8,800
19 Coastal Oak
Pacific Ridge
Newport Beach, CA
Updated November 20 at 5:55pm UTC
4 Bedrooms
$15,000
356 Evening Canyon
Shorecliffs
Newport Beach, CA
Updated November 15 at 10:24am UTC
5 Bedrooms
$9,450
123 43rd Street
Lido Isle
Newport Beach, CA
Updated September 21 at 2:54am UTC
5 Bedrooms
$12,000
7003 Seashore Drive
Far West Newport
Newport Beach, CA
Updated November 15 at 10:23am UTC
3 Bedrooms
$5,900
15 Rue Saint Cloud
Cliff Haven
Newport Beach, CA
Updated November 14 at 1:42am UTC
3 Bedrooms
$5,200
1921 Bayadere Terrace
Irvine Terrace
Newport Beach, CA
Updated November 4 at 6:19pm UTC
4 Bedrooms
$20,000
2137 Channel Road
Balboa Peninsula Point
Newport Beach, CA
Updated October 7 at 2:18am UTC
4 Bedrooms
$8,500
2001 E BALBOA Boulevard
Balboa Peninsula Point
Newport Beach, CA
Updated November 4 at 10:07am UTC
3 Bedrooms
$6,950
1229 W Balboa Boulevard
Central Newport Beach
Newport Beach, CA
Updated November 16 at 6:21pm UTC
4 Bedrooms
$5,000
8 Sable Sands
Pelican Hill
Newport Beach, CA
Updated November 16 at 1:35am UTC
3 Bedrooms
$6,800
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November 2017 Newport Beach Rent Report

Welcome to the November 2017 Newport Beach Rent Report. In this report, we'll evaluate trends in the Newport Beach rental market, including comparisons to cities throughout the metro, state, and nation.

View full Newport Beach Rent Report
Rent Report
Newport Beach

November 2017 Newport Beach Rent Report

Welcome to the November 2017 Newport Beach Rent Report. In this report, we'll evaluate trends in the Newport Beach rental market, including comparisons to cities throughout the metro, state, and nation.

Newport Beach rents increase sharply over the past month

Newport Beach rents have increased 0.7% over the past month, and have increased significantly by 5.6% in comparison to the same time last year. Currently, median rents in Newport Beach stand at $2,780 for a one-bedroom apartment and $3,570 for a two-bedroom. This is the third straight month that the city has seen rent increases after a decline in July. Newport Beach's year-over-year rent growth leads the state average of 4.3%, as well as the national average of 2.7%.

Rents rising across the Los Angeles Metro

Throughout the past year, rent increases have been occurring not just in the city of Newport Beach, but across the entire metro. Of the largest 10 cities that we have data for in the Los Angeles metro, 9 of them have seen prices rise. Here's a look at how rents compare across some of the largest cities in the metro.

  • Los Angeles proper has seen rents fall by 0.2% over the past month, the biggest drop in the metro. It also has the least expensive rents in the Los Angeles metro, with a two-bedroom median of $1,730.
  • Garden Grove has seen the fastest rent growth in the metro, with a year-over-year increase of 10.9%. The median two-bedroom there costs $2,100, while one-bedrooms go for $1,640.
  • Irvine has the most expensive rents of the largest cities in the Los Angeles metro, with a two-bedroom median of $2,710; rents were up 0.8% over the past month and 5.4% over the past year.

Many large cities nationwide show more affordable rents compared to Newport Beach

As rents have increased significantly in Newport Beach, large cities nationwide have seen rents grow more modestly, or in some cases, even decline. Compared to most large cities across the country, Newport Beach is less affordable for renters.

  • Rents increased significantly in other cities across the state, with California as a whole logging rent growth of 4.3% over the past year. For example, rents have grown by 4.0% in San Diego, 3.0% in San Jose, and 1.8% in San Francisco.
  • Newport Beach's median two-bedroom rent of $3,570 is above the national average of $1,160. Nationwide, rents have grown by 2.7% over the past year compared to the 5.6% increase in Newport Beach.
  • While Newport Beach's rents rose significantly over the past year, some cities nationwide saw decreases, including DC (-0.6%) and New York (-0.2%).
  • Renters will generally find more expensive prices in Newport Beach than most large cities. For example, Houston has a median 2BR rent of $1,010, where Newport Beach is more than three-and-a-half times that price.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.
City Median 1BR price Median 2BR price M/M price change Y/Y price change
Los Angeles $1,350 $1,730 -0.2% 3.9%
Long Beach $1,360 $1,740 0.4% 4.4%
Anaheim $1,620 $2,080 0.4% 5.4%
Santa Ana $1,440 $1,860 0.8% 6.5%
Irvine $2,110 $2,710 0.8% 5.4%
Glendale $1,370 $1,770 0.3% 0.8%
Huntington Beach $1,860 $2,390 0.7% 3.0%
Santa Clarita $1,950 $2,510 0.5% 7.1%
Garden Grove $1,640 $2,100 10.9%
Pasadena $1,610 $2,070 0.4% -0.5%
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Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.