Cheap Apartments for Rent in the Balboa Terrace Neighborhood of San Francisco, CA from $600 (13 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Balboa Terrace area of San Francisco.

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1100 Ocean Avenue
Studio to 3 Bedroom Apartments

1100 Ocean Avenue

1100-1140 Ocean AveSan Francisco, CA 94112
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1567 19th Ave
Studio to 1 Bedroom Apartments

1567 19th Ave

1567 19th AveSan Francisco, CA 94122

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.

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255 Woodside
Studio to 1 Bedroom Apartments

255 Woodside

255 Woodside AveSan Francisco, CA 94127
Senior Living
  • Utilities Included
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Farallone
1 to 3 Bedroom Apartments

Farallone

117 Farallones StSan Francisco, CA 94112
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740 Monterey Blvd
1 Bedroom Apartments

740 Monterey Blvd

740 Monterey BlvdSan Francisco, CA 94127
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Juniper
Rent Specials
$2,366 - $4,401
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Total Monthly Price

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$2,366 - $4,401

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Studio to 3 Bedroom Apartments Available Now

Juniper

15 Poncetta DrDaly City, CA 94015
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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.

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Hillcrest Gardens
1 Bedroom Apartments

Hillcrest Gardens

35 Hillcrest DrDaly City, CA 94014
Senior Living

Balboa Terrace, San Francisco, CA Local Guide

Cheapest Available Balboa Terrace Apartments for Rent

 

The cheapest available apartment rental in the Balboa Terrace area of San Francisco, CA is a Studio unit found at Juniper priced from $2,366. Parkmerced Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,645. Here are the most affordable Balboa Terrace apartments for rent in San Francisco, CA:

Apartment ListingModel NameBed/BathPriced From
JuniperS2-PStudio,1BA$2,366
Parkmerced Apartments1 Bed 1 Bath Tower1BR,1BA$2,645
2400 39th Ave1 Beds, 1 Baths1BR,1BA$2,950
Mt. Sutro ApartmentsOne Bedroom1BR,1BA$2,995
Lakewood Apartments At Lake Merced1Bed 1Bath #61BR,1BA$2,998

Best Value Apartments for Rent in Balboa Terrace, CA

As of July 11, 2026 the best value apartment in the Balboa Terrace area is the $3.85 price per square foot 3 Bed 2.5 Bath TH Model at Parkmerced Apartments in the in the Stonestown neighborhood starting from $5,395. The second greatest value Balboa Terrace apartment is the 1 Beds, 1 Baths Model at 2400 39th Ave starting at $2,950 with a $3.69 price per square foot in the Sunset District neighborhood. Here is today’s list of the best values for Balboa Terrace apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Parkmerced Apartments3 Bed 2.5 Bath TH3BR,2.5BA$3.85
2400 39th Ave1 Beds, 1 Baths1BR,1BA$3.69
Ventana Residencesntab20g2BR,2BA$7.33
Lakewood Apartments At Lake Merced1Bed 1Bath #61BR,1BA$3.94
Mt. Sutro ApartmentsOne Bedroom1BR,1BA$4.61
Delphine on DiamondOne Bedroom One Bathroom1BR,1BA$7.01
JuniperS2-PStudio ,1BA$5.35

Don'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.

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Local Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in San Francisco

A Local Experts guide to the Best Student Friendly Neighborhoods Near Colleges in the Bay area for affordable living. Find your perfect San Francisco Student apartment, condo, or rental home today at ApartmentHomeliving.com

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Frequently Asked Questions about Cheap Balboa Terrace Apartments

What is the price of a cheap apartment in Balboa Terrace?

The cheapest apartment in Balboa Terrace is Parkmerced Apartments which is listed at $2,645, while the average apartment in Balboa Terrace costs $15,377.

What types of apartments are the cheapest in Balboa Terrace?

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 Balboa Terrace 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 Balboa Terrace?

Cheap apartments in Balboa Terrace have an average cost of $392 which is $14,985 cheaper than the average rent for all rentals in Balboa Terrace.

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.

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