2 Bedroom Apartments for Rent in Lake Balboa, CA (1,753 Rentals)

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6401 Odessa Ave
2 Bedroom Apartments

6401 Odessa Ave

6401 Odessa AveLake Balboa, CA 91406
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6501 Woodley Ave
2 Bedroom Apartments

6501 Woodley Ave

6501 Woodley AveLake Balboa, CA 91406
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Toscana Apartments
2 Bedroom Apartments

Toscana Apartments

15736 Vanowen StLake Balboa, CA 91406
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Sherman Villas
2 Bedroom Apartments

Sherman Villas

16836 Sherman WayLake Balboa, CA 91406
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The Village Apartments
2 Bedroom Apartments

The Village Apartments

17442 Sherman WayLake Balboa, CA 91406
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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Lake Balboa, CA Local Guide

Largest Available Lake Balboa 2 Bedroom Apartments

The largest available 2 Bedroom apartment unit in Lake Balboa, CA is found at Carlyle Condominiums in the Woodley neighborhood and is 1,500 square feet priced from $3,950. Encino Palms Apartments has the second largest 2 Bedroom, which is sized at 1,360 square feet and currently listed start at $3,050. Here is today’s list of the largest available 2 Bedroom units in Lake Balboa:

Apartment ListingModel NameSquare FootagePriced From
Carlyle Condominiums2 Bed 2 Bath1,500 Sq Ft$3,950
Encino Palms ApartmentsB Floor Plan1,360 Sq Ft$3,050
Villa Tarzana Apartments2 Bedroom Townhome1,350 Sq Ft$2,695
La Croix Apartments2 Bedroom 1.5 Bath Townhouse1,300 Sq Ft$2,095
6940 SepulvedaB21,295 Sq Ft$2,645
Executive House2BR/2.0BA1,285 Sq Ft$2,895
White Oak GardensC Floor Plan1,270 Sq Ft$2,935
Olive EncinoTwo Bedroom B11,266 Sq Ft$2,739
Encino Oakbrook2 Bed1,200 Sq Ft$2,400

Cheapest Available Lake Balboa 2 Bedroom Apartments

As of January 18, 2026 the lowest priced 2 Bedroom apartment unit in Lake Balboa, CA is the 2x1 Model starting from $1,895 at 8742 Orion in the North Hills neighborhood. The second most affordable Lake Balboa 2 Bedroom is the 2+1 Model at Saticoy Street Apartments starting at $1,895 in the West Van Nuys neighborhood. The average price for all 2 Bedroom apartments in Lake Balboa is currently $2,974. Here is today’s list of the cheapest available 2 Bedroom options in Lake Balboa:

Apartment ListingModel NamePriced From
8742 Orion2x1$1,895
Saticoy Street Apartments2+1$1,895
7234-7240 Hazeltine Ave2 Bedroom$1,950
6545 Hazeltine Ave. Van Nuys, CA. 91401Two Bedroom One Bath$1,982
La Croix Apartments2 Bedroom 1.5 Bath Townhouse$2,095
14141 Erwin St2x1 2nd Floor$2,095
The EsplanadeTwo Bedroom Townhome$2,186
15643 Wyandotte St2 + 2$2,195
Tarzana Casa2x2$2,195
Sylvan2BR/2.0BA$2,200

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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A Local Expert's Top Neighborhood Guide for Renters While Attending Major Colleges and Universities in Los Angeles

Learn About the Best Neighborhoods to Rent Near College Campuses in Los Angeles, CA | Find Los Angeles Off-Campus Student Housing at ApartmentHomeLiving.com

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about 2 Bedroom Lake Balboa Apartments

What is the Cheapest apartment in Lake Balboa with 2 Bedroom?

Currently the most affordable 2 Bedroom in Lake Balboa is at 8742 Orion listed at $1,895.

How much is the average rent for a 2 Bedroom Lake Balboa Apartment?

The average rent for a 2 Bedroom Apartment in Lake Balboa is $2,974.

What is the largest available 2 Bedroom Lake Balboa Apartment for rent?

Today's apartment with the most square footage in Lake Balboa is a 1,500 square feet unit starting from $3,950 at Carlyle Condominiums.

What is the average size for Lake Balboa 2 Bedroom Apartments for rent?

The average size for a 2 Bedroom rental in Lake Balboa is currently 1,501 sq ft.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!