EXCLUSIVE: Tarek El Moussa and Heather Rae Slash Asking Price of Newport Beach Rental

HGTV stars Tarek El Moussa and his wife, Heather El Moussa, have once again trimmed back the asking price of their Newport Beach rental home—this time by $2,500. Tarek, 45, and Heather, 38, purchased the coastal dwelling back in August 2020 for $3.1 million, and quickly set about renovating the property in order to turn it into their dream beach escape, they previously revealed to Realtor.com®.However, after upgrading to a new $5.2 million home in the same beachfront neighborhood, the duo decided to try and use their former home as a source of rental income, initially listing the dwelling for rent in August 2025 with an asking price of $25,000 a month.Remarkably, in December of that same year, they then increased the asking price, raising it to $30,000 a month, before the property was taken off the market. Then, in August, it returned, with a significantly reduced ask of $22,500 a month, records show.Then, in September, they brought the price down to $19,500. Now, the home power couple has reduced the asking price further, bringing it to $17,900 a month. Loading...HGTV stars Tarek El Moussa and his wife, Heather El Moussa, have once again trimmed back the asking price of their Newp...