Cheap Apartments for Rent near Lake Balboa, CA from $500 (124 Rentals)

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Search the lowest-cost Apartments available for rent right now in Lake Balboa.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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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.

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Malden Apartments
Studio to 2 Bedroom Apartments

Malden Apartments

18321 Malden StNorthridge, CA 91325
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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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6937 Hazeltine Ave
Studio to 2 Bedroom Apartments

6937 Hazeltine Ave

6937 Hazeltine AveVan Nuys, CA 91405
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5216 Kester Ave
1 to 2 Bedroom Apartments

5216 Kester Ave

5216 Kester AveSherman Oaks, CA 91411
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White Oak Apartments
Studio to 3 Bedroom Apartments

White Oak Apartments

5139 White Oak AveEncino, CA 91316
  • Utilities Included
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9232 Sepulveda Blvd
Studio to 1 Bedroom Apartments

9232 Sepulveda Blvd

9232 Sepulveda BlvdNorth Hills, CA 91343
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Montecito Terraces
1 to 2 Bedroom Apartments

Montecito Terraces

14655 Blythe StPanorama City, CA 91402
Senior Living
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Tropicana
1 Bedroom Apartments

Tropicana

7445 Canby AveReseda, CA 91335
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14660 Delano St
1 to 2 Bedroom Apartments

14660 Delano St

14660 Delano StVan Nuys, CA 91411
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6857 Haskell Ave
Studio to 3 Bedroom Apartments

6857 Haskell Ave

6857 Haskell AveVan Nuys, CA 91406

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.

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14603 Delano St
Studio to 2 Bedroom Apartments

14603 Delano St

14603 Delano StVan Nuys, CA 91411
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Saticoy Manor
1 Bedroom Apartments

Saticoy Manor

18535 Saticoy StReseda, CA 91335
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Chase Apartments
Studio to 3 Bedroom Apartments

Chase Apartments

15526 Chase StNorth Hills, CA 91343
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14632 Magnolia Blvd
1 to 2 Bedroom Apartments

14632 Magnolia Blvd

14632 Magnolia BlvdSherman Oaks, CA 91403
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16016 Vanowen St
Studio to 1 Bedroom Apartments

16016 Vanowen St

16016 Vanowen StVan Nuys, CA 91406
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Essex Suites Apartments
1 to 2 Bedroom Apartments

Essex Suites Apartments

8309 Cedros AvePanorama City, CA 91402
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Crossings on Amigo
Studio to 2 Bedroom Apartments

Crossings on Amigo

7251 Amigo AveReseda, CA 91335
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8080 Langdon Ave
Studio to 2 Bedroom Apartments

8080 Langdon Ave

8080 Langdon AveVan Nuys, CA 91406
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18444 Collins St
Studio to 2 Bedroom Apartments

18444 Collins St

18444 Collins StTarzana, CA 91356
  • Utilities Included

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Lake Balboa, CA Local Guide

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 Northridge neighborhood priced from $1,175. San Regis Apartments in the Van Nuys neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,345. Here is today’s list of the most affordable Lake Balboa apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Rose ApartmentsCSUN Student Studio Apartment with Shared BathroomStudio,1BA$1,175
San Regis ApartmentsStudio - 80% AMIStudio,1BA$1,345
9121 Orion AveStudioStudio,1BA$1,350
Tarzana CourtyardMedium StudioStudio,1BA$1,371
La MarquesaSingleStudio,1BA$1,400
14716 Magnolia BlvdStudioStudio,1BA$1,400
Terrace Pointe ApartmentsStudioStudio,1BA$1,400
Tahitian Village ApartmentsStudioStudio,1BA$1,450
Diamond PointeStudioStudio,1BA$1,450

Best Value Apartments for Rent in Lake Balboa, CA and Nearby

As of July 10, 2026 the best value apartment in the Lake Balboa area is the $1.61 price per square foot Floor Plan A Model at Superior Place Apartments in the in the Northridge neighborhood starting from $2,750. The second greatest value Lake Balboa apartment is the 2BR/2.0BA Model at 5235 Kester Ave starting at $2,498 with a $1.89 price per square foot in the Sherman Oaks neighborhood. Here is today’s list of the best values for Lake Balboa apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Superior Place ApartmentsFloor Plan A2BR,2BA$1.61
5235 Kester Ave2BR/2.0BA2BR,2BA$1.89
6651 Haskell Ave2BR/2.0BA2BR,2BA$1.67
6310 Sylmar Ave2BR/2.0BA2BR,2BA$1.59
Sylmar ApartmentsThree Bedroom3BR,1.5BA$1.34
Gables East2 Bed 2 Bath2BR,2BA$2.00
14332 Riverside Drive,1x11BR,1BA$1.95
Regency Apartments1 Bed1BR,1BA$1.83
14133 Calvert St1BR/1.0BA1BR,1BA$1.94
The Lorraine Apartments1 Bed + 1 Bath1BR,1BA$1.99

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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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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Quick 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.

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

Explore Lake Balboa, CA Rentals by Map

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See the most popular apartments and homes in Lake Balboa, CA

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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 $1,450 at 5541 Newcastle Ave.

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 $1,898 at 6310 Sylmar 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 Sylmar Apartments and starts from $1,592.

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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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.