Shortly after 04:00, Police received several reports of vehicles having their windows smashed in Jellicoe Road.
Officers responded to the scene and called on the support of the National Police Air Service helicopter from Bournemouth.
Following an aerial search, officers on the ground moved in to arrest a 16-year-old boy from Ryde on suspicion of attempted theft from a vehicle.
He remains in custody at this time and enquiries are ongoing.
Island Echo is told that at least 3 or 4 vehicles have been damaged overnight.