$6,900 Per Month
- 3 Beds
- 2.5 Baths
- 2,105 Sq Ft
- House for Rent
23 Cormorant Cir, Newport Beach, CA 92660
23 Cormorant Cir, Newport Beach, CA 92660
Frequently Asked Questions
How much does it cost to rent a home in Newport Beach, CA?
The median rent for a home in Newport Beach, CA is $12,000 per month, though prices vary by neighborhood, size, and property type. As of June 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 home?
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 home include Big Canyon, Corona Del Mar, Bayside, One Ford Road and Balboa Island, each with its own character and price range.
