Cheap Apartments for Rent in Simi Valley, CA from $900 (18 Rentals)

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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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Plaza del Sol
1 to 4 Bedroom Apartments

Plaza del Sol

4231 Alamo StSimi Valley, CA 93063
  • Utilities Included
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1745 Patricia Ave
1 to 2 Bedroom Apartments

1745 Patricia Ave

1745 Patricia AveSimi Valley, CA 93065

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.

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Americana Simi Valley
1 to 2 Bedroom Apartments

Americana Simi Valley

5335 Cochran StSimi Valley, CA 93063
Corporate Housing
  • Utilities Included

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Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Simi Valley, CA Local Guide

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Cheapest Neighborhoods for Apartments in Simi Valley, CA

Pricing Updated: 01/01/2026

Current apartment rentals in the Simi Valley, CA area range in price from $1,995 to $10,360 with an overall median price of $3,683. The three Simi Valley neighborhoods with the lowest median rent pricing are Woodranch at $1,995, Big Sky: Castlewood at $2,159, and East Simi Valley at $2,100. Here is today’s list of the top 5 neighborhoods with the lowest median pricing for Simi Valley Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Woodranch$3,324$1,99541
Big Sky: Castlewood$3,597$2,15926
East Simi Valley$3,649$2,10021
Brentwood in Simi Valley$3,923$2,15912
Central Simi Valley$3,923$2,1599

Cheapest Available Simi Valley Apartments for Rent

 

The cheapest available apartment rental in Simi Valley, CA is a 2 Beds unit found at Sage Creek Apartment Homes in the East Simi Valley neighborhood priced from $2,105. Americana Simi Valley in the East Simi Valley neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,149. Here is today’s list of the most affordable Simi Valley apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Sage Creek Apartment Homes2 bed, 1 bath, 2nd floor, reno2BR,1BA$2,105
Americana Simi ValleyCabrillo - A1BR,1BA$2,149
MeadowoodPlan 1A1BR,1BA$2,159
Hidden ValleyA11BR,1BA$2,194
Baywood Apartments1 Bedroom 1 Bath1BR,1BA$2,195

Best Value Apartments for Rent in Simi Valley, CA

As of January 01, 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 2 Bedroom, 2 Bath C Model at Sofi at Topanga Canyon starting at $2,950 with a $2.67 price per square foot in the Rancho Paso Fino in Chatsworth neighborhood. Here is today’s list of the best values for Simi Valley apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Parkside VillasUnit F3BR,2.5BA$2.62
Sofi at Topanga Canyon2 Bedroom, 2 Bath C2BR,2BA$2.67
IMT Summerset VillageB32BR,2BA$3.02
River Ranch3 bed, 2 Bath3BR,2BA$2.93
5977 Nelda St, Unit Nelda #35977 Nelda St2BR,1BA$2.94
Westlake CanyonCoastal Oaks1BR,1BA$3.35
Mountain View Properties1 Bed 1 Bath1BR,1BA$3.25
Hidden ValleyA11BR,1BA$3.10
Baywood Apartments1 Bedroom 1 Bath1BR,1BA$3.17
Americana Simi ValleyCabrillo - A1BR,1BA$3.28

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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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.

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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.

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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. 

Remember the 3 Rules of Real Estate:
Location, Location, Location!

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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 $2,159 at Meadowood.

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 $2,100 at Sage Creek 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 Meadowood and starts from $2,859.

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

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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!