Cheap Apartments for Rent in Simi Valley, CA from $900 (13 Rentals)

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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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Patricia Apartments
1 to 3 Bedroom Apartments

Patricia Apartments

1769 Patricia AveSimi Valley, CA 93065
property at 1739 Church St

$1,700

Studio, 1 Bath Condo for Rent

Available Now

1739 Church St

Simi ValleyCA93065
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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

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Simi Valley, CA Local Guide

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Cheapest Neighborhoods for Apartments in Simi Valley, CA

Pricing Updated: 01/25/2026

Current apartment rentals in the Simi Valley, CA area range in price from $1,700 to $4,370 with an overall median price of $3,454. The three Simi Valley neighborhoods with the lowest median rent pricing are Brentwood in Simi Valley at $1,700, Woodranch at $2,000, and East Simi Valley at $2,185. 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
Brentwood in Simi Valley$2,772$1,70011
Woodranch$3,478$2,00041
East Simi Valley$3,602$2,18521
Big Sky: Castlewood$3,623$1,70030
Central Simi Valley$3,795$1,70023

Cheapest Available Simi Valley Apartments for Rent

 

The cheapest available apartment rental in Simi Valley, CA is a 1 Bed unit found at River Ranch in the Big Sky: Castlewood neighborhood priced from $2,003. 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
River RanchDandelion1BR,1BA$2,003
Americana Simi ValleyCabrillo - A1BR,1BA$2,149
Sage Creek Apartment Homes1 bed, 1 bath, 2nd floor, reno1BR,1BA$2,185
Baywood Apartments1 Bedroom 1 Bath1BR,1BA$2,195
MeadowoodPlan 1A1BR,1BA$2,197

Best Value Apartments for Rent in Simi Valley, CA

As of January 25, 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 B3 Model at IMT Summerset Village starting at $2,955 with a $2.70 price per square foot in the San Fernando Valley 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
IMT Summerset VillageB32BR,2BA$2.70
Sofi at Topanga Canyon2 Bedroom, 2 Bath B2BR,2BA$2.74
IMT Wood RanchB22BR,2BA$2.92
5977 Nelda St, Unit Nelda #35977 Nelda St2BR,1BA$2.94
Americana Simi ValleySerra - C2BR,2BA$3.27
Mountain View Properties1 Bed 1 Bath1BR,1BA$3.25
Hidden ValleyA11BR,1BA$3.23
Baywood Apartments1 Bedroom 1 Bath1BR,1BA$3.17
River RanchDandelion1BR,1BA$3.27

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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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

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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 $2,003 at River Ranch.

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 $2,449 at Americana Simi Valley.

What is the most affordable Simi Valley Three Bedroom Apartment?

The best deal on a cheap Simi Valley Three Bedroom Apartment rental is at River Ranch and starts from $2,839.

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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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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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.