Cheap Apartments for Rent in Lake Balboa, CA from $500 (124 Rentals)
Search the lowest-cost Apartments available for rent right now in Lake Balboa.

15708 Rayen St

The Rose Apartments

Summer View Apartment Homes

9121 Orion Ave

Amanda Regency Apartments

8742 Orion

17351 Bullock St, Unit STUDIO-PRIVATEEntry

15555 Parthenia St, Unit 120
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

17433 Vanowen St

Terra Grande Apartments

TARZANA 6170

Studio Village Apartments

15211 Sherman Way
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

6904 Lennox Ave

Parthenia Apartments

Southoaks Pointe Apartments

Sepulveda Manhattan Apartments

7817 Reseda Blvd

7325 Sepulveda Blvd

14636-14638 Moorpark St

Terrace Pointe Apartments

Saticoy 12 Apartments

Tarzana Gardens
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The Art of the Rental Viewing: What to look for during a property tour
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.
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
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Lake Balboa, CA Local Guide

How much does it cost to rent an apartment in Lake Balboa?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lake Balboa Studio Apartments | $1,910 | $1,175 | $3,015 |
| Lake Balboa 1 Bedroom Apartments | $2,342 | $950 | $5,160 |
| Lake Balboa 2 Bedroom Apartments | $2,935 | $1,982 | $8,732 |
| Lake Balboa 3 Bedroom Apartments | $3,358 | $2,395 | $10,000+ |
| Lake Balboa 4 Bedroom Apartments | $3,680 | $3,598 | $3,762 |
Browse Top Apartments in Lake Balboa
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Lake Balboa, CA Local Guide
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Cheapest Available Lake Balboa Apartments for Rent and Nearby
 The cheapest available apartment rental in Lake Balboa, CA is a Studio unit found at The Rose Apartments in the North San Fernando Valley neighborhood priced from $1,175. lan8145 in the North Hills East neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,299. Here is today’s list of the most affordable Lake Balboa apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Rose Apartments | CSUN Student Studio Apartment with Shared Bathroom | Studio,1BA | $1,175 |
| lan8145 | 0BR/1.0BA | Studio,1BA | $1,299 |
| 8742 Orion | 0x1 | Studio,1BA | $1,350 |
| Terra Grande Apartments | Studio | Studio,1BA | $1,395 |
| 18552-18554 Collins St | studio | Studio,1BA | $1,395 |
| Studio Village Apartments | 1 Bedroom | 1BR,1BA | $1,445 |
| Tahitian Village Apartments | Tahitian Village - Studio | Studio,1BA | $1,450 |
Best Value Apartments for Rent in Lake Balboa, CA and Nearby
As of January 02, 2026 the best value apartment in the Lake Balboa area is the $1.85 price per square foot 2 Bed 2 Bath Model at Magnolia View Apartments in the in the Woodley neighborhood starting from $2,595. The second greatest value Lake Balboa apartment is the 3x2 Model at Palm Terrace starting at $2,725 with a $1.95 price per square foot in the Antelope Valley neighborhood. Here is today’s list of the best values for Lake Balboa apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Magnolia View Apartments | 2 Bed 2 Bath | 2BR,2BA | $1.85 |
| Palm Terrace | 3x2 | 3BR,2BA | $1.95 |
| La Croix Apartments | 2 Bedroom 1.5 Bath Townhouse | 2BR,1.5BA | $1.69 |
| 6940 Sepulveda | B2 | 2BR,2BA | $2.05 |
| 6310 Sylmar Ave | 2BR/2.0BA | 2BR,2BA | $1.67 |
| 4378 Sepulveda Blvd | 2BR/2.0BA | 2BR,2BA | $1.95 |
| 7524 Sepulveda Blvd | 1/1 | 1BR,1BA | $1.77 |
| Tarzana Gardens | A | 1BR,1BA | $1.67 |
| Cedros Apartments | Executive 1 Bedroom | 1BR,1BA | $1.93 |
| Sun Terrace | Large Loft | 1BR,1BA | $2.07 |
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.
Read ArticleThe 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.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
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Read ArticleA 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
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Lake Balboa, CA Rentals by Map
See the most popular apartments and homes in Lake Balboa, CA
Frequently Asked Questions about Cheap Lake Balboa Apartments
What is the Cheapest Studio apartment in Lake Balboa?
Currently the most affordable Cheap Studio Apartment in Lake Balboa is at The Rose Apartments listed at $1,175.
How much is rent for a Cheap One Bedroom Lake Balboa Apartment?
The lowest price for a Cheap One Bedroom Lake Balboa Apartment is $1,445 at Studio Village Apartments.
What is the lowest price for a Cheap Two Bedroom Lake Balboa Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Lake Balboa is starting from $1,950 at 7234-7240 Hazeltine Ave.
What is the most affordable Lake Balboa Three Bedroom Apartment?
The best deal on a cheap Lake Balboa Three Bedroom Apartment rental is at 18414 Collins St and starts from $2,395.
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

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!


























