
Cheap Apartments for Rent in the Old Town Neighborhood of San Diego, CA from $1,400 (32 Rentals)
Search the lowest-cost Apartments available for rent right now in the Old Town area of San Diego.


4th Avenue Apartments

Rainford Apartments

The Warwick

Gables Point Loma

The Modernaire 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.

Metro Mission Valley

Rowyn

Arbor Crest on Fourth

Montecito Point

Loma Village Apartments

Apex Mission Valley

West Park
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.

Rivair Apartment Homes

Bevel Apartments

GEMA

Bowen Apartments

Stanza Little Italy

The Townsend

Asano on Fourth - Bankers Hill/Little Italy
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.

Loft2015 Apartments

Vici Luxury Rentals - Little Italy

4205 Mason St

4121 Mason St
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.
Old Town, San Diego, CA Local Guide

How much does it cost to rent an apartment in Old Town?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Old Town Studio Apartments | $2,723 | $1,508 | $4,582 |
| Old Town 1 Bedroom Apartments | $3,219 | $1,921 | $9,435 |
| Old Town 2 Bedroom Apartments | $4,287 | $2,500 | $10,000+ |
| Old Town 3 Bedroom Apartments | $5,637 | $3,175 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 32 rentals with your search options within a 2 mile radius of the Old Town Neighborhood of San Diego, CA.
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Cheapest Available Old Town Apartments for Rent
 The cheapest available apartment rental in the Old Town area of San Diego, CA is a Studio unit found at The Presidio Apartments priced from $1,450. MC Tower has the second lowest priced unit, which is a Studio apartment currently listed from $1,925. Here are the most affordable Old Town apartments for rent in San Diego, CA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Presidio Apartments | Studio | Studio,1BA | $1,450 |
| MC Tower | Studio | Studio,1BA | $1,925 |
| 4th Avenue Apartments | Studio J | Studio,1BA | $1,964 |
| Rainford Apartments | S1.2 | Studio,1BA | $1,995 |
| Gables Point Loma | E | 1BR,1BA | $2,061 |
| The Modernaire Apartments | 1 Bed 1 Bath Partial Classic | 1BR,1BA | $2,100 |
| Metro Mission Valley | Studio | Studio,1BA | $2,197 |
| Rowyn | S1 | Studio,1BA | $2,199 |
| Arbor Crest on Fourth | Studio | Studio,1BA | $2,213 |
| Montecito Point | 1 Bedroom 1 Bath | 1BR,1BA | $2,298 |
Best Value Apartments for Rent in Old Town, CA
As of January 05, 2026 the best value apartment in the Old Town area is the $3.09 price per square foot 3 Bedroom, 2 Bath Model at The Margo in the in the Balboa Park neighborhood starting from $4,570. The second greatest value Old Town apartment is the H Model at Pacific Ridge starting at $4,300 with a $3.13 price per square foot in the Balboa Park neighborhood. Here is today’s list of the best values for Old Town apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Margo | 3 Bedroom, 2 Bath | 3BR,2BA | $3.09 |
| Pacific Ridge | H | 3BR,2BA | $3.13 |
| Loma Palisades | 3 Bedroom Townhome | 3BR,1.5BA | $2.63 |
| The Seaton Apartments | B2 | 2BR,2BA | $3.06 |
| Apex Mission Valley | 2 Bed 2 Bath Plan D | 2BR,2BA | $3.50 |
| Nimitz Crossing | The Azure | 2BR,2BA | $3.68 |
| Loma Village Apartments | 2BR/1.0BA | 2BR,1BA | $3.10 |
| Loma Portal | 1 Bedroom/1 Bath | 1BR,1BA | $3.36 |
| MC Tower | 1 Bedroom | 1BR,1BA | $3.52 |
| Gables Point Loma | F | 1BR,1BA | $3.59 |
Frequently Asked Questions about Cheap Old Town Apartments
What is a cheap apartment in Old Town?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Old Town is under $2,298.
What is the price of a cheap apartment in Old Town?
The cheapest apartment in Old Town is The Presidio Apartments which is listed at $1,921, while the average apartment in Old Town costs $4,670.
What types of apartments are the cheapest in Old Town?
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 5 regular apartments in Old Town 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?
Cheap apartments in Old Town have an average cost of $160 which is $4,510 cheaper than the average rent for all rentals in Old Town.
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.
Articles, How-To's, and Tips

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.

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.







