$5,950 Per Month
- 3 Beds
- 2.5 Baths
- 1,681 Sq Ft
- Condo for Rent
16 Savona Ct, Newport Coast, CA 92657
16 Savona Ct, Newport Coast, CA 92657
Frequently Asked Questions
How much does it cost to rent a condo in Newport Beach, CA?
The median rent for a condo in Newport Beach, CA is $5,500 per month, though prices vary by neighborhood, size, and property type. As of August 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Newport Beach, CA?
To comfortably afford the median rent in Newport Beach, CA, a household needs to earn roughly $394,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $9,850 per month in Newport Beach, CA, renters typically need to show $29,550 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Newport Beach, CA?
In Newport Beach, CA, the price-to-rent ratio is 31.3, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Newport Beach, CA are best for renting a condo?
The best neighborhood for renting in Newport Beach, CA depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include Corona Del Mar, Balboa Island, Balboa Peninsula Point, Newport Coast and Downtown Costa Mesa, each with its own character and price range.
