Cheap Homes for Rent in Simi Valley, CA from $950 (16 Rentals)

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Search the lowest-cost Homes available for rent right now in Simi Valley.

property at 466 Fresh Meadows Rd

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950

Total Monthly Price
$950

1 Bedroom, 1 Bath Home for Rent

Available Now

466 Fresh Meadows Rd

Simi ValleyCA93065
property at 1281 Hartley Ave

$1,800

Total Monthly Price

Total Monthly Price

Base Rent
$1,800

Total Monthly Price
$1,800

1 Bedroom, 1 Bath Condo for Rent

Available Now

1281 Hartley Ave, Unit B

1281 Hartley Ave
Simi ValleyCA93065

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property at 2075 N Avenida Vista Del Monte

$2,600

Total Monthly Price

Total Monthly Price

Base Rent
$2,600

Total Monthly Price
$2,600

2 Bedroom, 1 Bath Condo for Rent

Available Now

2075 N Avenida Vista Del Monte, Unit 4

2075 N Avenida Vista Del Monte
Simi ValleyCA93063

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

property at 2049 Sebring St

$2,600

Total Monthly Price

Total Monthly Price

Base Rent
$2,600

Total Monthly Price
$2,600

2 Bedroom, 1 Bath Home for Rent

Available Now

2049 Sebring St

Simi ValleyCA93065

Simi Valley, CA Local Guide

Cheapest Neighborhoods for Apartments in Simi Valley, CA

Pricing Updated: 08/24/2026

Current apartment rentals in the Simi Valley, CA area range in price from $1,400 to $4,097 with an overall median price of $2,580. The three Simi Valley neighborhoods with the lowest median rent pricing are East Simi Valley at $2,336, Central Simi Valley at $2,467, and Brentwood in Simi Valley at $2,489. 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
East Simi Valley$2,336$2,13017
Central Simi Valley$2,467$1,80024
Brentwood in Simi Valley$2,489$1,80014
Big Sky: Castlewood$2,556$1,80035
Woodranch$2,771$1,40047

Cheapest Available Simi Valley Apartments for Rent

 

The cheapest available apartment rental in Simi Valley, CA is a 1 Bed unit found at Patricia Apartments in the Simi Valley neighborhood priced from $1,100. #227 in the Rancho Paso Fino in Chatsworth neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,700. Here is today’s list of the most affordable Simi Valley apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Patricia Apartments1 BR1BR,1BA$1,100
#2271BR/1.0BA1BR,1BA$1,700
River RanchDandelion1BR,1BA$2,002
Indian OaksBur Premier1BR,1BA$2,130
Avalon Simi Valley6801BR,1BA$2,210

Best Value Apartments for Rent in Simi Valley, CA

As of August 24, 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 Simi Valley neighborhood starting from $3,250. The second greatest value Simi Valley apartment is the 2 BD Model at MW Patricia Apartments starting at $2,600 with a $2.17 price per square foot in the Simi 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
MW Patricia Apartments2 BD2BR,2BA$2.17
IMT Summerset VillageB12BR,2BA$3.18
1750 On First Apartment Homes2BR/2BA2BR,2BA$2.96
Sage Creek Apartment Homes2 bed, 1 bath, 2nd floor, reno2BR,1BA$2.73
MeadowoodPlan 2A2BR,1BA$2.94
Patricia Apartments1 BR1BR,1BA$1.49
Hidden ValleyA11BR,1BA$3.27
Avalon Simi Valley6801BR,1BA$3.25
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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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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Simi Valley, CA
Population: 125,851

Ranked #222

in US Census Population by City

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

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Frequently Asked Questions about Simi Valley

What type of rentals are currently available in Simi Valley?

There are currently 110 Apartments for Rent in Simi Valley, CA with pricing that ranges from $1,400 to $4,097. There are also 110 Single Family Homes for rent, Condos, and Townhome rentals currently available in Simi Valley ranging from $950 to $39,600.

What is the current price range for Rental Homes in Simi Valley?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Simi Valley ranges from $950 to $39,600 with an average monthly rent of $5,613.

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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.