
Cheap Homes for Rent in the Lake Balboa Neighborhood of Los Angeles, CA from $1,700 (21 Rentals)
Search the lowest-cost Homes available for rent right now in the Lake Balboa area of Los Angeles.


16215 Vanowen St, Unit 10

7912 White Oak Ave, Unit B

15943 Victory Blvd

16008 Bassett St

5460 White Oak Ave

17550 Willard St
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

Individual Bungalows: All 1 bedroom/ 1 bath units all with LARGE PRIVATE YARDS., Unit 114

17620 Burbank Blvd, Unit 3

15550 Vanowen St, Unit 5

8135 Langdon Ave, Unit 11

15524 Sylvan St

15344 Weddington St

17620 Burbank Blvd, Unit 9
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.

7307 Haskell Ave

8135 Langdon Ave, Unit 02

6946 Jellico Ave

15313 Cabrito Rd, Unit 201

16010 Cantlay St

17440 Burbank Blvd, Unit 100

6727 1/2 Orion Ave
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
Lake Balboa, Los Angeles, CA Local Guide

How much does it cost to rent a home in Lake Balboa?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lake Balboa 2 Bedroom Homes for Rent | $3,700 | $2,584 | $5,850 |
| Lake Balboa 3 Bedroom Homes for Rent | $4,187 | $2,580 | $5,500 |
| Lake Balboa 4 Bedroom Homes for Rent | $8,033 | $3,587 | $10,000+ |
| Lake Balboa 5 Bedroom Homes for Rent | $14,527 | $6,195 | $10,000+ |
| Lake Balboa 6 Bedroom Homes for Rent | $25,616 | $10,000 | $10,000+ |
Browse Homes for Rent in this Neighborhood
There are currently 21 rentals with your search options within a 10 mile radius of the Lake Balboa Neighborhood of Los Angeles, CA.
Explore Los Angeles
Cheapest Available Lake Balboa Apartments for Rent
 The cheapest available apartment rental in the Lake Balboa area of Los Angeles, CA is a Studio unit found at Terrace Pointe Apartments priced from $1,400. San Regis Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,539. Here are the most affordable Lake Balboa apartments for rent in Los Angeles, CA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Terrace Pointe Apartments | Studio | Studio,1BA | $1,400 |
| San Regis Apartments | Updated Studio - 80% AMI | Studio,1BA | $1,539 |
| Casa De Milagro | 0BR/1.0BA | Studio,1BA | $1,542 |
| The Esplanade | Studio | Studio,1BA | $1,584 |
| Woodley Gardens | 1 Bed 1 Bath | 1BR,1BA | $1,600 |
Best Value Apartments for Rent in Lake Balboa, CA
As of August 24, 2026 the best value apartment in the Lake Balboa area is the $1.13 price per square foot 2 bed/ 2 bath Model at 16015 Vanowen St in the in the West Van Nuys neighborhood starting from $2,150. The second greatest value Lake Balboa apartment is the 2BR/2.0BA Model at 6651 Haskell Ave starting at $1,898 with a $1.58 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 16015 Vanowen St | 2 bed/ 2 bath | 2BR,2BA | $1.13 |
| 6651 Haskell Ave | 2BR/2.0BA | 2BR,2BA | $1.58 |
| Encino Palms Apartments | A Floor Plan | 2BR,2BA | $2.27 |
| 7013 Haskell Ave | 2B 2B | 2BR,2BA | $2.45 |
| Chateau Encino | Two Bed ~ Two Bath | 2BR,2BA | $2.44 |
| Latitude Apartments | two bedroom | 2BR,2BA | $2.09 |
| Chateau W6600 | The balboa | 2BR,2BA | $2.32 |
| 7437 Haskell Avenue | Modern 1 Bed + 1 Bath | 1BR,1BA | $1.88 |
| Pavillion Apartments | 1 bed 1 bath Loft | 1BR,1BA | $2.39 |
| 15925 Victory Blvd | 1BR/1.0BA | 1BR,1BA | $2.46 |
Frequently Asked Questions about Lake Balboa
What type of rentals are currently available in Lake Balboa?
There are currently 455 Apartments for Rent in Lake Balboa, CA with pricing that ranges from $1,400 to $12,840. There are also 69 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Balboa ranging from $1,350 to $28,900.
What is the current price range for Rental Homes in Lake Balboa?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Lake Balboa ranges from $1,350 to $28,900 with an average monthly rent of $5,890.
How much are larger Three and Four Bedroom Rentals in Lake Balboa?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Lake Balboa range from $2,733 to $10,194, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,580 to $5,500. Four Bedroom Single-Family rentals are also available starting from $3,587 and Four Bedroom Apartments start at $3,950.
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.
Helpful Local Expert Guides

LA Alternatives: Find the Perfect Commuter City for Renting in the Los Angeles Metro Area
Written by: Rachel Presser
Hi from LA! I’m Rachel, your ApartmentHomeLiving.com Local Expert for Los Angeles, CA.

Los Angeles Essential Guide: Finding Rentals Near LAs Biggest Job Hubs
Written by: Rachel Presser
Los Angeles is best known as an industry town.

The LA Price Check: Separating Cost of Living Myth from Reality
Written by: Rachel Presser
Hi from LA! I’m Rachel, your ApartmentHomeLiving.com Local Expert for Los Angeles, CA.

More Than Just Hollywood: A Local Expert's Deep Dive into LA Living
Written by: Rachel Presser
Hi from LA! I’m Rachel, your ApartmentHomeLiving.com Local Expert for Los Angeles, CA.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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.