Cheap Homes for Rent in the Balboa Park Neighborhood of San Diego, CA from $900 (53 Rentals)

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Search the lowest-cost Homes available for rent right now in the Balboa Park area of San Diego.

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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property at 3020 C St

$1,650

1 Bedroom, 1 Bath Townhome for Rent

Available Now

3020 C St

San DiegoCA92102
property at 5705 Friars Rd

$1,700

Total Monthly Price

Total Monthly Price

Base Rent
$1,700
Total Monthly Price
$1,700

1 Bedroom, 1 Bath Condo for Rent

Available Now

5705 Friars Rd, Unit 9

5705 Friars Rd
San DiegoCA92110

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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property at 1605 Hotel Cir S

$1,750 - $2,450

Studio To 1 Bedroom Rentals

Available Now

1605 Hotel Cir S

San DiegoCA92108

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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property at 3825 Van Dyke Ave

$1,850

Total Monthly Price

Total Monthly Price

Base Rent
$1,850
Total Monthly Price
$1,850

1 Bedroom, 1 Bath Condo for Rent

Available Now

3825 Van Dyke Ave, Unit 6

3825 Van Dyke Ave
San DiegoCA92105
property at 4515 37th St

$1,899

Total Monthly Price

Total Monthly Price

Base Rent
$1,899
Total Monthly Price
$1,899

1 Bedroom, 1 Bath Home for Rent

Available Now

4515 37th St

San DiegoCA92116
property at 3610 44th St

$2,000

1 Bedroom Rentals

Available Now

3610 44th St

San DiegoCA92105
property at 4364 Alabama St

$2,000 - $3,395

1 To 2 Bedroom Rentals

Available Now

4364 Alabama St

San DiegoCA92104

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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property at 1643 6th Ave

$2,049

Total Monthly Price

Total Monthly Price

Base Rent
$2,049
Total Monthly Price
$2,049

Studio, 1 Bath Condo for Rent

Available Now

1643 6th Ave, Unit 414

1643 6th Ave
San DiegoCA92101
property at 1605 Hotel Cir S

$2,050

Total Monthly Price

Total Monthly Price

Base Rent
$2,050
Total Monthly Price
$2,050

Studio, 1 Bath Condo for Rent

Available Now

1605 Hotel Cir S, Unit 105

1605 Hotel Cir S
San DiegoCA92108
property at 2945 Kalmia St

$2,050 - $2,495

1 Bedroom Rentals

Available Now

2945 Kalmia St

San DiegoCA92104
property at 6780 Friars Rd

$2,095

Total Monthly Price

Total Monthly Price

Base Rent
$2,095
Total Monthly Price
$2,095

1 Bedroom, 1 Bath Condo for Rent

Available Now

6780 Friars Rd, Unit 332

6780 Friars Rd
San DiegoCA92108
property at 445 Island Ave

$2,099 - $2,595

Studio To 1 Bedroom Rentals

Available Now

445 Island Ave

San DiegoCA92101

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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Showing Results 1-50, Page 1 of 2

Balboa Park, San Diego, CA Local Guide

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 ListingModel NameBed/BathPriced From
Arlington ApartmentsSingle Room OccupantStudio,$900
Trolley CourtStandardStudio,$974
3942 8th AveStudioStudio,$995
Peachtree Inn - Fully furnished units!StandardStudio,1BA$1,062
Island Village ApartmentsStudio ALL UTILITIES IncludedStudio,1BA$1,300
Chamoune Senior ApartmentsThe Mission - One Bedroom1BR,1BA$1,400
MBS StudiosStudioStudio,1BA$1,400
Vantaggio Little ItalySmall full size bedStudio,1BA$1,450
WLA Windsor0BR/1.0BAStudio,1BA$1,450
Luther Tower - 55+ Affordable CommunityStudioStudio,1BA$1,475

Best Value Apartments for Rent in Balboa Park, CA

As of July 15, 2026 the best value apartment in the Balboa Park area is the $1.72 price per square foot Huge Loft Units Model at Lofts at 734 University Ave in the in the Balboa Park neighborhood starting from $3,100. The second greatest value Balboa Park apartment is the Plan 2 Model at Talmadge Canyon Park starting at $3,850 with a $2.36 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Lofts at 734 University AveHuge Loft UnitsStudio ,1BA$1.72
Talmadge Canyon ParkPlan 23BR,3BA$2.36
Union GrantvilleD34BR,4BA$0.57
Fifth & Olive2 Beds, 1.5 Baths2BR,1.5BA$2.29
The Theater Apartments2 bedroom 2 bathroom Penthouse level2BR,2BA$2.60
MBS StudiosStudioStudio ,1BA$1.56
Island Gardens Apartments - Affordable2 Bedroom, 1 Bath - 60% AMI2BR,1BA$2.12
2140-2144 1st Ave1 Beds, 1 Baths1BR,1BA$2.66
Hillside ApartmentsStandard1BR,1BA$2.33
The LeoStudioStudio ,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.

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The 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

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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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Pet Friendly Lifestyle
Balboa Park, San Diego, CA

Ranked #1

Among cities in California for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Balboa Park, San Diego, CA

School data provided by Great Schools

Frequently Asked Questions about Balboa Park

What type of rentals are currently available in Balboa Park?

There are currently 5184 Apartments for Rent in Balboa Park, CA with pricing that ranges from $850 to $29,595. There are also 357 Single Family Homes for rent, Condos, and Townhome rentals currently available in Balboa Park ranging from $990 to $25,000.

What is the current price range for Rental Homes in Balboa Park?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Balboa Park ranges from $990 to $25,000 with an average monthly rent of $7,121.

How much are larger Three and Four Bedroom Rentals in Balboa Park?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Balboa Park range from $3,200 to $19,341, while Three Bedroom Homes, Condos, and Townhomes for rent range from $3,400 to $25,000. Four Bedroom Single-Family rentals are also available starting from $5,000 and Four Bedroom Apartments start at $850.

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.

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Top 10 Most Affordable Neighborhoods in San Diego: A Local Real Estate Expert Guide

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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.

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

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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

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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

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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.