Cheap Homes for Rent in Balboa Park Neighborhood of San Diego, CA from $1,300 (81 Rentals)

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

property at 4482 Utah St

$1,550

Studio, 1 Bath Townhome for Rent

Available Now

4482 Utah St, Unit 1

4482 Utah St
San DiegoCA92116
property at 3020 C St

$1,650 - $2,875

1 To 2 Bedroom Townhomes for Rent

Available Now

3020 C St

San DiegoCA92102

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 3776 Alabama St

$1,695

Total Monthly Price

Total Monthly Price

Base Rent
$1,695
Total Monthly Price
$1,695

1 Bedroom, 1 Bath Condo for Rent

Available Now

3776 Alabama St, Unit 210

3776 Alabama St
San DiegoCA92104
property at 2241 Fourth Ave

$1,700 - $2,195

Studio To 1 Bedroom Rentals

Available Now

2241 Fourth Ave

San DiegoCA92101

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 1643 Sixth Ave

$1,850 - $2,950

Studio To 2 Bedroom Rentals

Available Now

1643 Sixth Ave

San DiegoCA92101

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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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 6416 Friars Rd

$1,995 - $2,695

1 To 2 Bedroom Rentals

Available Now

6416 Friars Rd

San DiegoCA92108
property at 1080 Park Blvd

$1,995 - $5,950

Studio To 2 Bedroom Rentals

Available Now

1080 Park Blvd

San DiegoCA92101
property at 1621 Hotel Cir S

$1,795 - $4,295

Studio To 1 Bedroom Rentals

Available Now

1621 Hotel Cir S

San DiegoCA92108
property at 450 J St

$2,000

Total Monthly Price

Total Monthly Price

Base Rent
$2,000
Total Monthly Price
$2,000

Studio, 1 Bath Condo for Rent

Available Jun 19

450 J St, Unit 5121

450 J St
San DiegoCA92101
property at 850 Beech St

$2,000 - $5,900

2 To 3 Bedroom Rentals

Available Now

850 Beech St

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

Moving to North County San Diego: Costs, Commutes, and Culture

From surf culture to family-friendly neighborhoods, discover the best North County San Diego areas to rent and what they’re like day-to-day.

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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
MBS StudiosStudioStudio,1BA$1,400
Vantaggio Little ItalySmall full size bedStudio,1BA$1,450
Luther Tower - 55+ Affordable CommunityStudioStudio,1BA$1,475
Island FlatsSmall StudioStudio,1BA$1,500
WLA Windsor0BR/1.0BAStudio,1BA$1,550

Best Value Apartments for Rent in Balboa Park, CA

As of May 31, 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
South Park Place3x23BR,2BA$2.17
3722 Florida St, Unit 33722 Florida St3BR,2.5BA$2.53
Viridian LoftsOne Bedroom One Bath1BR,1BA$1.72
MBS StudiosStudioStudio ,1BA$1.56
Island Gardens Apartments - Affordable2 Bedroom, 1 Bath - 60% AMI2BR,1BA$2.57
Union GrantvilleB22BR,2BA$1.96
Fairmount Ave Apartments2/12BR,1BA$2.54
Hillside ApartmentsStandard1BR,1BA$2.33

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 5174 Apartments for Rent in Balboa Park, CA with pricing that ranges from $850 to $22,728. There are also 361 Single Family Homes for rent, Condos, and Townhome rentals currently available in Balboa Park ranging from $1,395 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 $1,395 to $25,000 with an average monthly rent of $6,812.

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 $2,650 to $22,728, while Three Bedroom Homes, Condos, and Townhomes for rent range from $3,300 to $25,000. Four Bedroom Single-Family rentals are also available starting from $3,900 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.

Helpful Local Expert Guides

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

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Aloha! I’m Hayden, your local San Diego Realtor and relocation expert with ApartmentHomeLiving.com.

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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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Articles, How-To's, and Tips

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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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.

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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.

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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.