
Cheap Apartments for Rent in the Peninsula Neighborhood of San Diego, CA from $1,400 (6 Rentals)
Search the lowest-cost Apartments available for rent right now in the Peninsula area of San Diego.


Celeste

Bay Park 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.

Harbor Villa Apartments

Esquire

Villa Marina
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.
Peninsula, San Diego, CA Local Guide

How much does it cost to rent an apartment in Peninsula?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Peninsula Studio Apartments | $2,250 | $1,750 | $2,425 |
| Peninsula 1 Bedroom Apartments | $2,849 | $2,100 | $3,250 |
| Peninsula 2 Bedroom Apartments | $3,363 | $2,450 | $6,000 |
| Peninsula 3 Bedroom Apartments | $11,248 | $4,895 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 6 rentals with your search options within a 2 mile radius of the Peninsula Neighborhood of San Diego, CA.
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Cheapest Available Peninsula Apartments for Rent
 | Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Celeste | S3 Bay | Studio,1BA | $2,125 |
| Bayview Townhomes at Point Loma | 3 Bedroom | 3BR,2BA | $5,295 |
Best Value Apartments for Rent in Peninsula, CA
As of February 27, 2026 the best value apartment in the Peninsula 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 Peninsula apartment is the 310 -316 Rosecrans St Model at 310 -316 Rosecrans St starting at $2,300 with a $3.83 price per square foot in the Wooded Area neighborhood. Here is today’s list of the best values for Peninsula 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 |
| 310 -316 Rosecrans St | 310 -316 Rosecrans St | 1BR,1BA | $3.83 |
| Celeste | S1P | Studio ,1BA | $7.76 |
| 3331 Dickens St, Unit Studio1 | 3331 Dickens St | Studio ,1BA | $9.21 |
Frequently Asked Questions about Cheap Peninsula Apartments
What is a cheap apartment in Peninsula?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Peninsula is under $5,295.
What is the price of a cheap apartment in Peninsula?
The cheapest apartment in Peninsula is Celeste which is listed at $2,675, while the average apartment in Peninsula costs $11,741.
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.

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.
Ditch the Freeway: San Diego's Best Renting Spots for a Shorter Commute
Written by: Hayden Goldberg
Hey there! I’m Hayden, your ApartmentHomeLiving.com local expert for San Diego.
Articles, How-To's, and Tips

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.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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.