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Cheap Apartments for Rent in the Balboa Park Neighborhood of San Diego, CA from $500 (96 Rentals)
Search the lowest-cost Apartments available for rent right now in the Balboa Park area of San Diego.
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510 20th St
San DiegoCA92102
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Rent Specials
from $1,495Studio to 2 Bedroom Apartments Available Now
Golden Glen Apartments
3265 C StSan Diego, CA 92102
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from $1,591Studio Apartments Available Now
Luther Tower - 55+ Affordable Community
1455 2nd AveSan Diego, CA 92101
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from $1,598Studio to 1 Bedroom Apartments Available Sep 3
Hilltop Terrace
4166 4th AveSan Diego, CA 92103
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from $1,600Studio to 2 Bedroom Apartments Available Now
The Marquis at Hillcrest
1751 University AveSan Diego, CA 92103
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from $1,635Studio to 1 Bedroom Apartments Contact Us For Availability
Overlook Point Apartments
1616 Guy StSan Diego, CA 92103
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Rent Specials
from $1,650Studio Apartments Available Now
The Helm - Affordable Housing
191 W Beech StSan Diego, CA 92101
3419-3419-3419-3412 Richmond St
San DiegoCA92103
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from $1,6951 Bedroom Apartment Available Now
1440 Lincoln Ave, Unit 25
1440 Lincoln AveSan Diego, CA 92103
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from $1,700Studio Apartment Available Jul 1
2850 Reynard Way 21, Unit 21
2850 Reynard Way 21San Diego, CA 92103
2410 33rd St
San DiegoCA92104
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from $1,700Studio to 1 Bedroom Apartments Available Now
Bridgeview Apartments
2925-2945 BroadwaySan Diego, CA 92102
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from $1,7501 Bedroom Apartments Available Now
Hillcrest Regency 55+ Community
1050 Essex StSan Diego, CA 92103
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from $1,7501 Bedroom Apartments Available Now
55+ Senior Living- Georgia Regency Apartments
3808 Georgia StSan Diego, CA 92103
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from $1,7751 to 2 Bedroom Apartments Contact Us For Availability
Azalea Garden Apartments
3776 Herman AveSan Diego, CA 92104
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Rent Specials
from $1,795Studio to 3 Bedroom Apartments Available Now
900 F Street
900 F StSan Diego, CA 92101
1808 Third Ave
San DiegoCA92101
4040 Mississippi St
San DiegoCA92104
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Rent Specials
from $1,799Studio to 2 Bedroom Apartments Available Now
Market Street Village
699 14th StSan Diego, CA 92101
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from $1,8001 Bedroom Apartments Available Now
Hillside Apartments
3625 Federal Blvd WSan Diego, CA 92102
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6202 Friars Rd
San DiegoCA92108
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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 | $2,576 | $1,050 | $9,375 |
| Balboa Park 1 Bedroom Apartments | $3,148 | $1,650 | $10,000+ |
| Balboa Park 2 Bedroom Apartments | $4,429 | $855 | $10,000+ |
| Balboa Park 3 Bedroom Apartments | $6,102 | $1,746 | $10,000+ |
| Balboa Park 4 Bedroom Apartments | $2,032 | $850 | $6,900 |
Browse Apartments in this Neighborhood
There are currently 96 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 3942 8th Ave priced from $1,050. Peachtree Inn has the second lowest priced unit, which is a Studio apartment currently listed from $1,062. Here are the most affordable Balboa Park apartments for rent in San Diego, CA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 3942 8th Ave | Studio | Studio, | $1,050 |
| Peachtree Inn | Standard | Studio,1BA | $1,062 |
| Vantaggio Little Italy | Small full size bed | Studio,1BA | $1,450 |
| Island Flats | Small Studio | Studio,1BA | $1,500 |
| WLA Windsor | 0BR/1.0BA | Studio,1BA | $1,550 |
| Luther Tower - 55+ Affordable Community | Studio | Studio,1BA | $1,591 |
| The Marquis at Hillcrest | The University | Studio,1BA | $1,600 |
| Union Grantville | B10 | 2BR,2BA | $1,650 |
| The Helm - Affordable Housing | Studio | Studio,1BA | $1,650 |
| Redwood Terrace | 1BR/1.0BA | 1BR,1BA | $1,675 |
Best Value Apartments for Rent in Balboa Park, CA
As of June 29, 2025 the best value apartment in the Balboa Park area is the $2.28 price per square foot B2BD Model at Strata in the in the Balboa Park neighborhood starting from $3,699. The second greatest value Balboa Park apartment is the 2 Bedroom, 2 Bath Model at The Margo starting at $3,334 with a $2.49 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. |
|---|---|---|---|
| Strata | B2BD | 2BR,2BA | $2.28 |
| The Margo | 2 Bedroom, 2 Bath | 2BR,2BA | $2.49 |
| Lofts at 734 University Ave | Huge Loft Units | 1BR,1BA | $2.27 |
| Cornerstone Lofts | 1/1 Loft | 1BR,1BA | $2.38 |
| Talmadge on 44th | 2BR/2.0BA | 2BR,2BA | $2.62 |
| 1st & Penn Apts - 1penn | 2BR/2.0BA | 2BR,2BA | $2.55 |
| Pacific Vu Apartments | One Bedroom | 1BR,1BA | $2.26 |
| Horton 4th Avenue | 1BD | 1BR,1BA | $2.84 |
| Hillside Apartments | Standard | 1BR,1BA | $2.40 |
| 4245 34th St | Two Bedroom One Bathroom | 2BR,1BA | $2.80 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleBalboa Park, San Diego, CA
Ranked #1
Among neighborhoods in San Diego, CA for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Balboa Park, San Diego, CA
San Diego International Studies
San Diego Unified School District
Public School - Grades 9-12 (1181)
9 out of 10
Roosevelt International Middle
San Diego Unified School District
Public School - Grades 6-8 (761)
5 out of 10
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 a cheap apartment in Balboa Park?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Balboa Park is under $1,675.
What is the price of a cheap apartment in Balboa Park?
The cheapest apartment in Balboa Park is Redwood Terrace which is listed at $1,675, while the average apartment in Balboa Park costs $5,500.
What types of apartments are the cheapest in Balboa Park?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 32 regular apartments in Balboa Park that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Balboa Park?
Cheap apartments in Balboa Park have an average cost of $706 which is $4,794 cheaper than the average rent for all rentals in Balboa Park.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.
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.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.