
Cheap Apartments for Rent in the Peninsula Neighborhood of San Diego, CA from $1,400 (27 Rentals)
Search the lowest-cost Apartments available for rent right now in the Peninsula area of San Diego.


Newly Renovated - 321 San Elijo Apartments
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 1 Bedroom Apartments | $2,296 | $1,795 | $3,295 |
Peninsula 2 Bedroom Apartments | $3,186 | $2,350 | $3,780 |
Peninsula 3 Bedroom Apartments | $8,366 | $6,110 | $9,600 |
Browse Apartments in this Neighborhood
There are currently 27 rentals with your search options within a 2 mile radius of the Peninsula Neighborhood of San Diego, CA.
See all Apartments in San DiegoExplore San Diego
Peninsula, San Diego, CA Local Guide
- Nearby San Diego neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Best Value Apartments for Rent in Peninsula, CA
As of July 15, 2025 the best value apartment in the Peninsula area is the $5.45 price per square foot 3516 Lowell Way Model at 3516 Lowell Way, Unit lowell way in the in the Wooded Area neighborhood starting from $3,295. The second greatest value Peninsula apartment is the 310 -316 Rosecrans St Model at 310 -316 Rosecrans St, Unit 310 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. |
---|---|---|---|
3516 Lowell Way, Unit lowell way | 3516 Lowell Way | 1BR,1BA | $5.45 |
310 -316 Rosecrans St, Unit 310 | 310 -316 Rosecrans St | 1BR,1BA | $3.83 |
3331 Dickens St, Unit Studio 2 | 3331 Dickens St | 1BR,1BA | $9.25 |
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.
Pet Friendly LifestylePeninsula, San Diego, CA
Ranked #123
Among neighborhoods in San Diego, CA for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
2.5Pet Friendly
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.

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.

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.

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.

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.