$9,000 Per Month
- 2 Beds
- 2 Baths
- 1,500 Sq Ft
- Condo for Rent
601 Lido Park Dr Unit G, Newport Beach, CA 92663
601 Lido Park Dr Unit G, Newport Beach, CA 92663
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 $5,840 per month, though prices vary by neighborhood, size, and property type. As of May 2026, townhouses tend to be the most affordable option while condos 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 $480,000 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 $12,000 per month in Newport Beach, CA, renters typically need to show $36,000 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 25.7, 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, Central Newport Beach, Newport Ridge and Turtle Ridge, each with its own character and price range.
