Median rent for residential in as of May, 2022.
Remember to negotiate your rent according to median rental prices. Also, take into account that the price depends on the size/amenities of the condo.
Rent Price | May | vs Last Month |
---|---|---|
1 bed rentals | $4,280 | +53.8% |
2 bed rentals | $5,331 | -17% |
3 bed rentals | $10,625 | +6% |
4+ bed rentals | $21,497 | +196.5% |
Over the May 2022, the average rent for a condominium in/near Newport Beach, CA increased by 17.1% to $8,461.
The average price for a 1-bed condo didn’t change, the price tag starts at $4,280. A 2-bed condo rent price is the same as before, you can find a condo this big for $5,331. The average price for 3-bed condo didn’t face any changes this month, it now goes for $10,625. 4- and more bed condo rent remains the same, it’s available for $21,497.