
Cheap Apartments for Rent in Simi Valley, CA from $900 (34 Rentals)
Search the lowest-cost Apartments available for rent right now in Simi Valley.


7832 Mesa Dr

Hidden Valley

Meadowood

Avalon Simi Valley

Baywood Apartments

River Ranch

Sage Creek Apartment Homes
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.

Mountain View Properties

Total Monthly Price
IMT Wood Ranch

1577 Tierra Rejada Rd

Vantage Apartments

Patricia Village Senior Apartments

Westgate Seniors Apartments

Seasons at Simi Valley Apartment Homes

Patricia 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.

2318 Medina Ave

2801-2877 Fairbanks Avenue

Plaza del Sol

1745 Patricia Ave

2345 Bryson Pl

Walnut Square Apartments

6211 Anastasia Ave

2044 N Avenida Vista Del Monte
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

Sofi at Wood Ranch

Americana Simi Valley

Peach Tree Apartments

Lumina Apartment Homes

3342 Darby St

7869 Mesa Dr

778 Ashland Ave

10317-10319 Jordan Ave
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.

IMT Summerset Village

3162 Clarita Ct
Simi Valley, CA Local Guide

How much does it cost to rent an apartment in Simi Valley?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Simi Valley Studio Apartments | $3,449 | $3,449 | $3,449 |
| Cheap Simi Valley 1 Bedroom Apartments | $2,455 | $2,118 | $3,240 |
| Cheap Simi Valley 2 Bedroom Apartments | $2,865 | $2,287 | $3,725 |
| Cheap Simi Valley 3 Bedroom Apartments | $3,550 | $3,071 | $4,910 |
Browse Top Apartments in Simi Valley
See all Apartments in Simi ValleyExplore Simi Valley
Simi Valley, CA Local Guide

- Simi Valley Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Simi Valley, CA
Pricing Updated: 06/14/2026Current apartment rentals in the Simi Valley, CA area range in price from $2,116 to $4,910 with an overall median price of $3,452. The three Simi Valley neighborhoods with the lowest median rent pricing are Big Sky: Castlewood at $2,137, Brentwood in Simi Valley at $2,137, and Central Simi Valley at $2,137. Here is today’s list of the top 5 neighborhoods with the lowest median pricing for Simi Valley Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Big Sky: Castlewood | $3,301 | $2,137 | 38 |
| Brentwood in Simi Valley | $3,369 | $2,137 | 29 |
| Central Simi Valley | $3,382 | $2,137 | 28 |
| East Simi Valley | $3,449 | $2,116 | 30 |
| Woodranch | $3,763 | $2,137 | 49 |
Cheapest Available Simi Valley Apartments for Rent
 The cheapest available apartment rental in Simi Valley, CA is a 1 Bed unit found at Seasons at Simi Valley Apartment Homes in the East Simi Valley neighborhood priced from $1,072. Hidden Valley in the East Simi Valley neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,118. Here is today’s list of the most affordable Simi Valley apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Seasons at Simi Valley Apartment Homes | 1 Bed, 1 bath | 1BR,1BA | $1,072 |
| Hidden Valley | A1 | 1BR,1BA | $2,118 |
| Meadowood | Plan 1A | 1BR,1BA | $2,137 |
| Baywood Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $2,195 |
| Avalon Simi Valley | 680 | 1BR,1BA | $2,195 |
| Indian Oaks | Bur Premier | 1BR,1BA | $2,246 |
| River Ranch | Red Hills | 2BR,1BA | $2,287 |
| Sofi at Wood Ranch | ONE BEDROOM | 1BR,1BA | $2,316 |
| Mountain View Properties | 1 Bed 1 Bath | 1BR,1BA | $2,375 |
| Vantage Apartments | Loft | 1BR,1BA | $2,500 |
Best Value Apartments for Rent in Simi Valley, CA
As of June 14, 2026 the best value apartment in the Simi Valley area is the $2.62 price per square foot Unit F Model at Parkside Villas in the in the East Simi Valley neighborhood starting from $3,250. The second greatest value Simi Valley apartment is the Sycamore Model at The Knolls starting at $3,803 with a $3.07 price per square foot in the Northoaks neighborhood. Here is today’s list of the best values for Simi Valley apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Parkside Villas | Unit F | 3BR,2.5BA | $2.62 |
| The Knolls | Sycamore | 3BR,2BA | $3.07 |
| Sofi at Topanga Canyon | 2 Bedroom, 2 Bath A | 2BR,2BA | $2.58 |
| 1750 On First Apartment Homes | 2BR/2BA | 2BR,2BA | $3.01 |
| Sage Creek Apartment Homes | 2 bed, 1 bath, 1st floor, reno | 2BR,1BA | $2.98 |
| Mountain View Properties | 1 Bed 1 Bath | 1BR,1BA | $2.81 |
| River Ranch | Red Hills | 2BR,1BA | $2.78 |
| Hidden Valley | A1 | 1BR,1BA | $2.99 |
| Baywood Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $3.17 |
| Seasons at Simi Valley Apartment Homes | 1 Bed, 1 bath | 1BR,1BA | $2.04 |
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.
Simi Valley Overview
Simi Valley is a beautiful community that sits in the Simi Valley itself, in an area just to the southeast of Ventura County. The city has much to offer, including incredible weather, easy access to much of the Greater Los Angeles area, and numerous amenities. Apartments in Simi Valley, California, allow people to live in the heart of the city, in an area with a stunning park around just about every corner. Surrounding by the Simi Hills and Santa Susana Mountains, this community is ideal for outdoor lovers, but it’s also great for those who need to commute into the city for work or school.
Why live in Simi Valley, CA?
There’s quite a lot to love about living in Simi Valley apartments. That includes the green aspects of this community. Though it’s not a large city, it is home to 39 parks, many of which have walking trails, dog parks, hiking trails, and bike paths. There are also three golf courses managed by the city. There’s lots to do as well, including going to the movies or checking out one of the area’s landmarks like the Strathearn Historical Park and Museum and Grandma Prisbrey’s Bottle Village. It’s also the home to the Paramount Ranch with its stunning views. It’s also home to the American Jewish University Bardin Campus.
Simi Valley, CAPopulation: 125,851
Ranked #222
in US Census Population by City
Best Local Schools in Simi Valley, CA
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Simi Valley, CA Rentals by Map
See the most popular apartments and homes in Simi Valley, CA
Frequently Asked Questions about Cheap Simi Valley Apartments
How much is rent for a Cheap One Bedroom Simi Valley Apartment?
The lowest price for a Cheap One Bedroom Simi Valley Apartment is $1,072 at Seasons at Simi Valley Apartment Homes.
What is the lowest price for a Cheap Two Bedroom Simi Valley Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Simi Valley is starting from $1,274 at Seasons at Simi Valley Apartment Homes.
What is the most affordable Simi Valley Three Bedroom Apartment?
The best deal on a cheap Simi Valley Three Bedroom Apartment rental is at Baywood Apartments and starts from $3,095.
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

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.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.