Cheap Apartments for Rent in Lake Balboa, CA from $500 (122 Rentals)

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

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15221 W Magnolia Blvd
$1,200
Total Monthly Price

Total Monthly Price

Base Rent
$1,200
Total Monthly Price
$1,200
1 Bedroom Apartment Available Now

15221 W Magnolia Blvd

15221 W Magnolia BlvdLos Angeles, CA 91403
Cost Per Sq.Ft.

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
  • Utilities Included
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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
  • Utilities Included
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6857 Haskell Ave
Studio to 3 Bedroom Apartments

6857 Haskell Ave

6857 Haskell AveVan Nuys, CA 91406
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14660 Delano St
1 to 2 Bedroom Apartments

14660 Delano St

14660 Delano StVan Nuys, CA 91411
  • Utilities Included

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
  • Utilities Included
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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
  • Utilities Included
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8080 Langdon Ave
Studio to 2 Bedroom Apartments

8080 Langdon Ave

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

18444 Collins St

18444 Collins StTarzana, CA 91356
  • Utilities Included

LA Alternatives: Find the Perfect Commuter City for Renting in the Los Angeles Metro Area

Get more breathing room without compromising proximity to LA. Our Los Angeles local expert breaks down the best neighboring cities for renting more affordable apartments with easier commutes.

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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 North San Fernando Valley neighborhood priced from $1,175. 77 Fortyfive in the Antelope Valley neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,295. 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
77 FortyfiveBachelorStudio,1BA$1,295
Tarzana CourtyardMedium StudioStudio,1BA$1,321
KingstonStudioStudio,1BA$1,350
Sepulveda Manhattan ApartmentsStudioStudio,1BA$1,425
Tahitian Village ApartmentsTahitian Village - StudioStudio,1BA$1,450
Diamond PointeStudioStudio,1BA$1,450
Southoaks Pointe ApartmentsStudioStudio,1BA$1,475

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

As of May 26, 2026 the best value apartment in the Lake Balboa area is the $1.58 price per square foot Floor Plan A Model at Superior Place Apartments in the in the North San Fernando Valley neighborhood starting from $2,700. The second greatest value Lake Balboa apartment is the 15221 W Magnolia Blvd Model at 15221 W Magnolia Blvd starting at $1,200 with a $0.75 price per square foot in the Woodley 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$1.58
15221 W Magnolia Blvd15221 W Magnolia Blvd1BR,1BA$0.75
5235 Kester Ave2BR/2.0BA2BR,2BA$1.97
6651 Haskell Ave2BR/2.0BA2BR,2BA$1.75
6310 Sylmar Ave2BR/2.0BA2BR,2BA$1.63
8248 Sepulveda PlTwo Bedroom2BR,2BA$2.07
6200 Kester Ave Apartments2BR/2.0BA2BR,2BA$2.03
Gables East2 Bed 2 Bath2BR,2BA$2.00
14133 Calvert St1BR/1.0BA1BR,1BA$2.08
7524 Sepulveda Blvd1/11BR,1BA$1.77

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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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 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 $1,550 at 9121 Orion 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 $1,948 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 4642 Willis Ave and starts from $2,690.

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

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.