Cheap Homes for Rent in Balboa Park Neighborhood of San Diego, CA from $1,400 (65 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 1756 Essex St

1756 Essex St

San DiegoCA92103

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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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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property at 450 J St

450 J St

San DiegoCA92101
property at 3932 9th Ave

3932 9th Ave, Unit 2

3932 9th Ave
San DiegoCA92103
property at 427 Ninth Ave

427 Ninth Ave

San DiegoCA92101
property at 1214 Robinson Ave

1214 Robinson Ave

San DiegoCA92103

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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!

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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 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 ListingModel NameBed/BathPriced From
3942 8th AveStudioStudio,$1,050
Peachtree InnStandardStudio,1BA$1,062
Vantaggio Little ItalySmall full size bedStudio,1BA$1,450
WLA Windsor0BR/1.0BAStudio,1BA$1,500
WLA 509 Park0BR/1.0BAStudio,1BA$1,550
Luther Tower - 55+ Affordable CommunityStudioStudio,1BA$1,591
3770 42nd Street1BR/1.0BA1BR,1BA$1,599
Island FlatsLarge StudioStudio,1BA$1,600
The Marquis at HillcrestThe UniversityStudio,1BA$1,600

Best Value Apartments for Rent in Balboa Park, CA

As of June 13, 2025 the best value apartment in the Balboa Park area is the $2.17 price per square foot 6745 S Elman St Model at 6745 S Elman St, Unit 6745 S Elman in the in the Balboa Park neighborhood starting from $3,898. The second greatest value Balboa Park apartment is the Huge Loft Units Model at Lofts at 734 University Ave starting at $3,000 with a $2.27 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.
6745 S Elman St, Unit 6745 S Elman6745 S Elman St3BR,2BA$2.17
Lofts at 734 University AveHuge Loft Units1BR,1BA$2.27
Nova Apartment Homes2 Bed, 2 Bath2BR,2BA$2.72
Cornerstone Lofts1/1 Loft1BR,1BA$2.38
Talmadge on 44th2BR/2.0BA2BR,2BA$2.62
Viridian LoftsOne Bedroom One Bath1BR,1BA$2.16
Pacific Vu ApartmentsOne Bedroom1BR,1BA$2.21
Arrive Broadway LoftsCity StudioStudio ,1BA$2.69
Hillside ApartmentsStandard1BR,1BA$2.40
4524 1/2 35th St4524 1/2 35th StStudio ,1BA$2.61

Quick Rent Budget Calculator

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Frequently Asked Questions about Balboa Park

What type of rentals are currently available in Balboa Park?

There are currently 5099 Apartments for Rent in Balboa Park, CA with pricing that ranges from $850 to $30,000. There are also 461 Single Family Homes for rent, Condos, and Townhome rentals currently available in Balboa Park ranging from $1,400 to $42,000.

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 $1,400 to $42,000 with an average monthly rent of $7,590.

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 $1,746 to $29,427, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,650 to $18,110. Four Bedroom Single-Family rentals are also available starting from $3,795 and Four Bedroom Apartments start at $850.

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.

decorative image for Top 10 Most Affordable Neighborhoods in San Diego: A Local Real Estate Expert Guide article

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.

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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.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

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.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

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.