
Cheap Apartments for Rent in the Old Town San Diego Neighborhood of San Diego, CA from $1,000 (89 Rentals)
Search the lowest-cost Apartments available for rent right now in the Old Town San Diego area of San Diego.


3345 Oliphant St

3542 Shoreline Bluff Lane, Unit (1st Floor Bedroom - Ground Level), Unit (1st Floor Bedroom - Ground Level)

The Presidio Apartments

Redwood Terrace

Love Where You Live

3140 Midway Dr

Canyon Breeze

Hilltop Terrace

City Lofts
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.

1625 Hotel Cir S, Unit 1625 Hotel Circle S, Unit 1625 Hotel Circle S

Elan Loma Highlands

1922 Hancock St

Bay Park Apartments

2055 Morena Blvd

4025 La Salle St

The Hills at Fashion Valley

1710 Hanford Dr

132 Lewis St

Rainford Apartments
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.

Pacific Vu Apartments

2415 First Ave.

Gaines Street Apartment

Arbor Crest on Fourth

Celeste

6780 Friars Rd, Unit 6780 Friars Rd 320, Unit 6780 Friars Rd 320

Antone Apartments

CentrePointe

Chapman Place

Gables Point Loma
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.

University Crest Apartments | Hillcrest/Mission Hills – Modern Living

3629 Columbia St

Bevel Apartments

Il Palazzo Apartments

1462 Rosecrans St

Loma Village Apartments

Loma Portal

3970 Goldfinch St

University Gateway Apartments

630 W Washington St
Moving to North County San Diego: Costs, Commutes, and Culture
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1849-1867 Morena Blvd

Harbor Villa Apartments

4077 Goldfinch St

4030 Front St

The Mission Apartments

Barcelona

Hawthorne Studio Apartments

St. Paul's Manor

Santa Fe Villas

Park Loma Apartment Homes
The Art of the Rental Viewing: What to look for during a property tour
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Old Town San Diego, San Diego, CA Local Guide

How much does it cost to rent an apartment in Old Town San Diego?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Old Town San Diego Studio Apartments | $2,331 | $1,084 | $3,905 |
| Old Town San Diego 1 Bedroom Apartments | $2,820 | $1,180 | $6,570 |
| Old Town San Diego 2 Bedroom Apartments | $3,700 | $2,250 | $7,900 |
| Old Town San Diego 3 Bedroom Apartments | $4,357 | $2,859 | $6,361 |
| Old Town San Diego 4 Bedroom Apartments | $8,646 | $5,000 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 89 rentals with your search options within a 2 mile radius of the Old Town San Diego Neighborhood of San Diego, CA.
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Old Town San Diego, San Diego, CA Local Guide
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Cheapest Available Old Town San Diego Apartments for Rent
 The cheapest available apartment rental in the Old Town San Diego area of San Diego, CA is a Studio unit found at The Presidio Apartments priced from $1,508. Redwood Terrace has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,595. Here are the most affordable Old Town San Diego apartments for rent in San Diego, CA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Presidio Apartments | Studio | Studio,1BA | $1,508 |
| Redwood Terrace | 1BR/1.0BA | 1BR,1BA | $1,595 |
| Hilltop Terrace | Studio | Studio,1BA | $1,748 |
| Love Where You Live | Alcove Studio 1 | Studio,1BA | $1,795 |
| City Lofts | 0BR/1.0BA | Studio,1BA | $1,795 |
| Bay Park Apartments | 1 Bedroom | 1BR,1BA | $1,875 |
| Aspen Park Apartments | 1 Bedroom / 1 Bath | 1BR,1BA | $1,895 |
| Gaines Street Apartment | 1BR/1BA | 1BR,1BA | $2,000 |
| CentrePointe | Plan SA | Studio,1BA | $2,027 |
| Arbor Crest on Fourth | Studio | Studio,1BA | $2,058 |
Best Value Apartments for Rent in Old Town San Diego, CA
As of April 27, 2026 the best value apartment in the Old Town San Diego area is the $2.79 price per square foot 3 Bedroom Model at Bayview Townhomes at Point Loma in the in the Wooded Area neighborhood starting from $5,295. The second greatest value Old Town San Diego apartment is the LOFT PLAN 6 Model at Mission Hills Apartments starting at $3,910 with a $2.77 price per square foot in the Balboa Park neighborhood. Here is today’s list of the best values for Old Town San Diego apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Bayview Townhomes at Point Loma | 3 Bedroom | 3BR,2.5BA | $2.79 |
| Mission Hills Apartments | LOFT PLAN 6 | Studio ,1BA | $2.77 |
| Fashion Terrace Apartment Homes | Brentwood | 2BR,2BA | $2.99 |
| Loma Palisades | 2 Bedroom Townhome Palms | 2BR,1.5BA | $2.92 |
| Montecito Point | 2 Bedroom 2 Bath | 2BR,2BA | $3.05 |
| Loft2015 Apartments | Alta- Townhome | 2BR,2BA | $3.09 |
| 1st & Penn Apts - 1penn | 2BR/2.0BA | 2BR,2BA | $3.10 |
| Loma Village Apartments | 2BR/1.0BA | 2BR,1BA | $3.02 |
| Gaines Street Apartment | 2BR/1BA | 2BR,1BA | $3.20 |
| University Crest Apartments | Hillcrest/Mission Hills – Modern Living | 1BD/1BA | 1BR,1BA | $3.06 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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 Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
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Read ArticleCash 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.
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 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 LifestyleOld Town San Diego, San Diego, CA
Ranked #11
Among cities in California for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Lifestyle Ratings
Our team compiles millions of data points to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of neighborhoods, cities, and rental properties across California including Old Town San Diego, San Diego, and the greater San Diego area. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including searching for the best amenities, and proximity to parks, transit availability, pet-friendly communities, features that make it easier to raise kids, in addition to floorplans, availablity, and pricing. Find Lifestyle Search in the filter options (above). Happy Searching!
Frequently Asked Questions about Cheap Old Town San Diego Apartments
What is a cheap apartment in Old Town San Diego?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Old Town San Diego is under $2,058.
What is the price of a cheap apartment in Old Town San Diego?
The cheapest apartment in Old Town San Diego is Redwood Terrace which is listed at $1,595, while the average apartment in Old Town San Diego costs $9,579.
What types of apartments are the cheapest in Old Town San Diego?
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 12 regular apartments in Old Town San Diego 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 Old Town San Diego?
Cheap apartments in Old Town San Diego have an average cost of $134 which is $9,445 cheaper than the average rent for all rentals in Old Town San Diego.
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

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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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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Sun, surf, clean air, healthy lifestyles, and a coastline that seems to stretch as far as the eyes can see.
Articles, How-To's, and Tips

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.

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.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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Renting your next home can feel thrilling and overwhelming at the same time.