
Cheap Apartments for Rent in the Balboa Park Neighborhood of San Diego, CA from $536 (101 Rentals)
Search the lowest-cost Apartments available for rent right now in the Balboa Park area of San Diego.


Arlington Apartments

Trolley Court

3942 8th Ave

Total Monthly Price
Peachtree Inn - Fully furnished units!

Hillcrest Inn

Island Village Apartments

Chamoune Senior Apartments

4432 Pacific Hwy

WLA Windsor
Moving to North County San Diego: Costs, Commutes, and Culture
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MBS Studios

830 Park Blvd

Vantaggio Little Italy

1562 Seventh Ave

1562 Seventh Ave, Unit 307

Luther Tower - 55+ Affordable Community

Island Flats

The Barcelona

Harris Family Senior Residence

4320 44th St, Unit 205
Rent According to Income: A Look at Income-Restricted Rentals
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4019 Hawk St

Windsor Apartments

Overlook Point

Hilltop Terrace

1944 State St

Redwood Terrace

Golden Glen Apartments

The Helm - Affordable Housing

Above the Boulevard / Mississippi 5
San Diego's Best Affordable Neighborhoods
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North Park 62+ Apartments

Canyon Breeze

North Park Properties

2855-2865 A St San Diego, CA 92102

Iowa Street Senior Housing

City Heights Senior Apartments

Kettner Crossing Phase 1

Cedar Gateway

4462-4468 30th St

Garden Vista Apartments
Balboa Park - One of the Best Affordable Neighborhoods in San Diego
Named as one of the Best Affordable Neighborhoods to rent in San Diego by our , Local Expert Hayden Goldberg. See how it ranks!

Casa De Lago

3970 Goldfinch St

Mitchell Apartments

Metro Villas Apartments

University Gateway Apartments

Cortez Hill Apartments

Vantaggio Broadway

Golden Heights Terrace

Indiana Palms

4576-4580 32nd St
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Balboa Park, San Diego, CA Local Guide

How much does it cost to rent an apartment in Balboa Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Balboa Park Studio Apartments | $2,499 | $875 | $10,000+ |
| Balboa Park 1 Bedroom Apartments | $3,231 | $1,325 | $10,000+ |
| Balboa Park 2 Bedroom Apartments | $4,742 | $930 | $10,000+ |
| Balboa Park 3 Bedroom Apartments | $5,624 | $2,472 | $10,000+ |
| Balboa Park 4 Bedroom Apartments | $2,408 | $855 | $7,929 |
Browse Apartments in this Neighborhood
There are currently 101 rentals with your search options within a 2 mile radius of the Balboa Park Neighborhood of San Diego, CA.
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Balboa Park, San Diego, CA Local Guide
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Cheapest Available Balboa Park Apartments for Rent
 The cheapest available apartment rental in the Balboa Park area of San Diego, CA is a Studio unit found at Arlington Apartments priced from $900. Trolley Court has the second lowest priced unit, which is a Studio apartment currently listed from $974. Here are the most affordable Balboa Park apartments for rent in San Diego, CA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Arlington Apartments | Single Room Occupant | Studio, | $900 |
| Trolley Court | Standard | Studio, | $974 |
| 3942 8th Ave | Studio | Studio, | $995 |
| Peachtree Inn - Fully furnished units! | Standard | Studio,1BA | $1,062 |
| Mitchell Apartments | 0BR/1.0BA | Studio,1BA | $1,200 |
| Hillcrest Inn | Studio | Studio,1BA | $1,250 |
| Island Village Apartments | Studio ALL UTILITIES Included | Studio,1BA | $1,300 |
| Chamoune Senior Apartments | The Mission - One Bedroom | 1BR,1BA | $1,325 |
| WLA Windsor | 0BR/1.0BA | Studio,1BA | $1,395 |
| Tenth Avenue | 2BR/1.0BA | 2BR,1BA | $1,400 |
Best Value Apartments for Rent in Balboa Park, CA
As of August 29, 2026 the best value apartment in the Balboa Park area is the $1.75 price per square foot 2270 Boundary St Model at 2270 Boundary St, Unit Upper Unit in the in the Balboa Park neighborhood starting from $3,500. The second greatest value Balboa Park apartment is the Huge Loft Units Model at Lofts at 734 University Ave starting at $3,100 with a $1.72 price per square foot in the Balboa Park neighborhood. Here is today’s list of the best values for Balboa Park apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 2270 Boundary St, Unit Upper Unit | 2270 Boundary St | 3BR,2BA | $1.75 |
| Lofts at 734 University Ave | Huge Loft Units | Studio ,1BA | $1.72 |
| Talmadge Canyon Park | Plan 2 | 3BR,3BA | $2.36 |
| 5th Ave-2417-2431 | 2BR/1.0BA | 2BR,1BA | $2.46 |
| MBS Studios | Studio | Studio ,1BA | $1.56 |
| Island Gardens Apartments - Affordable | 2 Bedroom, 1 Bath - 60% AMI | 2BR,1BA | $2.12 |
| 2365 1st Ave | 1BR/1.0BA | 1BR,1BA | $2.44 |
| Hillside Apartments | Standard | 1BR,1BA | $2.33 |
| FRH | 1BR/1.0BA | 1BR,1BA | $2.74 |
| The Leo | Studio | Studio ,1BA | $2.66 |
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 Student Renter's Ultimate Guide to Finding the Perfect San Diego Neighborhood to Rent
Learn About the Best Neighborhoods to Rent Near College Campuses in San Diego, CA | Find San Diego Off-Campus Student Housing
Read ArticleReal 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.
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.
Pet Friendly LifestyleBalboa Park, San Diego, CA
Ranked #1
Among cities in California for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Balboa Park, San Diego, CA
Roosevelt International Middle
School data provided by Great Schools
Lifestyle Ratings
ApartmentHomeLiving.com compiles millions of data points to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals and neighborhoods across the USA, including Balboa Park, San Diego, and the greater San Diego area. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including rankings of the best places for easy access to the parks, luxury amenities, places to raise kids, raising pets, transit options, and how walkable or bikeable each community and area is. These search options are in the site filters at the top of this page.
Frequently Asked Questions about Cheap Balboa Park Apartments
What is the Cheapest Studio apartment in Balboa Park?
Currently the most affordable Cheap Studio Apartment in Balboa Park is at Arlington Apartments listed at $900.
How much is rent for a Cheap One Bedroom Balboa Park Apartment?
The lowest price for a Cheap One Bedroom Balboa Park Apartment is $1,325 at Chamoune Senior Apartments.
What is the lowest price for a Cheap Two Bedroom Balboa Park Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Balboa Park is starting from $1,400 at Tenth Avenue.
What is the most affordable Balboa Park Three Bedroom Apartment?
The best deal on a cheap Balboa Park Three Bedroom Apartment rental is at Atmosphere Apartments and starts from $2,472.
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

Moving to North County San Diego: Costs, Commutes, and Culture
Written by: Hayden Goldberg
Sun, surf, clean air, healthy lifestyles, and a coastline that seems to stretch as far as the eyes can see.

Ditch the Freeway: San Diego's Best Renting Spots for a Shorter Commute
Written by: Hayden Goldberg
Hey there! I’m Hayden, your ApartmentHomeLiving.com local expert for San Diego.

Your Guide to Picking the Perfect San Diego Neighborhood for Student Renters
Written by: Hayden Goldberg
Choosing the right place to live during your college years can make or break your collegiate experience. My name is Hayden, I’m a San Diego area expert with ApartmentHomeLiving.com and have been in the real estate world for years.

Top 10 Most Affordable Neighborhoods in San Diego: A Local Real Estate Expert Guide
Written by: Hayden Goldberg
Aloha! I’m Hayden, your local San Diego Realtor and relocation expert with ApartmentHomeLiving.com.
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
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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.

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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.
