
Cheap Homes for Rent in Lower East Neighborhood of Santa Barbara, CA from $2,700 (6 Rentals)
Search the lowest-cost Homes available for rent right now in the Lower East area of Santa Barbara.


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323 W Islay St, Unit E
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.

226 W De la Guerra St

1212 W Micheltorena St

990 Miramonte Dr
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.
Lower East, Santa Barbara, CA Local Guide

How much does it cost to rent a home in Lower East?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lower East 2 Bedroom Homes for Rent | $4,424 | $3,150 | $5,950 |
| Lower East 3 Bedroom Homes for Rent | $9,953 | $4,950 | $10,000+ |
| Lower East 4 Bedroom Homes for Rent | $17,666 | $10,000 | $10,000+ |
Browse Homes for Rent in this Neighborhood
There are currently 6 rentals with your search options within a 2 mile radius of the Lower East Neighborhood of Santa Barbara, CA.
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Lower East, Santa Barbara, CA Local Guide
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Cheapest Available Lower East Apartments for Rent
 The cheapest available apartment rental in the Lower East area of Santa Barbara, CA is a 1 Bed unit found at Villa Flores Apartments priced from $2,525. Alena on Haley has the second lowest priced unit, which is a Studio apartment currently listed from $3,200. Here are the most affordable Lower East apartments for rent in Santa Barbara, CA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Villa Flores Apartments | 1 Bedroom | 1BR,1BA | $2,525 |
| Alena on Haley | Studio | Studio,1BA | $3,200 |
| 1317 Punta Gorda Street | Luxury Townhome | 2BR,2BA | $4,250 |
Best Value Apartments for Rent in Lower East, CA
As of July 06, 2026 the best value apartment in the Lower East area is the $3.88 price per square foot 605 W Anapamu St Model at 605 W Anapamu St in the in the Westside neighborhood starting from $5,000. The second greatest value Lower East apartment is the 415 Rancheria St Model at 415 Rancheria St, Unit 4 starting at $6,000 with a $4.80 price per square foot in the Westside neighborhood. Here is today’s list of the best values for Lower East apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 605 W Anapamu St | 605 W Anapamu St | 3BR,2.5BA | $3.88 |
| 415 Rancheria St, Unit 4 | 415 Rancheria St | 4BR,1.5BA | $4.80 |
| 800 Santa Barbara | Two Bedroom - Furnished or Unfurnished Option | 2BR,2BA | $6.70 |
| 1524 Garden St | 3BR Suite | 3BR,2BA | $4.38 |
| Sea Cliff Apartments | 2x1 - Bldg 40 | 2BR,1BA | $4.42 |
| 1317 Punta Gorda Street | Luxury Townhome | 2BR,2.5BA | $4.59 |
| El Jardin | Two Bedroom, One Bathroom 2G | 2BR,1BA | $7.24 |
| 825 De la Vina St | One Bedroom | 1BR,1BA | $6.95 |
| Villa Flores Apartments | 1 Bedroom | 1BR,1BA | $4.21 |
| Alena on Haley | Studio | Studio ,1BA | $7.46 |
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.
Read ArticleReal 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.
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 LifestyleLower East, Santa Barbara, CA
Ranked #33
Among cities in California for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Best Local Schools in Lower East, Santa Barbara, CA
Santa Barbara Senior High
Santa Barbara Junior High
School data provided by Great Schools
Frequently Asked Questions about Lower East
What type of rentals are currently available in Lower East?
There are currently 430 Apartments for Rent in Lower East, CA with pricing that ranges from $2,250 to $7,550. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lower East ranging from $2,700 to $31,000.
What is the current price range for Rental Homes in Lower East?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Lower East ranges from $2,700 to $31,000 with an average monthly rent of $8,923.
How much are larger Three and Four Bedroom Rentals in Lower East?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Lower East range from $4,600 to $7,550, while Three Bedroom Homes, Condos, and Townhomes for rent range from $4,950 to $31,000. Four Bedroom Single-Family rentals are also available starting from $10,000 and Four Bedroom Apartments start at $6,000.
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

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.