Cheap Homes for Rent in Simi Valley, CA from $1,500 (10 Rentals)

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property at 1741 Church St

$1,700

Studio, 1 Bath Condo for Rent

Available Now

1741 Church St

Simi ValleyCA93065

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.

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.

Simi Valley, CA Local Guide

Cheapest Neighborhoods for Apartments in Simi Valley, CA

Pricing Updated: 02/03/2026

Current apartment rentals in the Simi Valley, CA area range in price from $1,700 to $3,900 with an overall median price of $3,723. The three Simi Valley neighborhoods with the lowest median rent pricing are East Simi Valley at $2,085, Woodranch at $2,000, and Big Sky: Castlewood at $1,700. 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$3,381$2,08518
Woodranch$3,537$2,00034
Big Sky: Castlewood$3,900$1,70022
Brentwood in Simi Valley$3,900$1,7006
Central Simi Valley$3,900$1,70011

Cheapest Available Simi Valley Apartments for Rent

 

The cheapest available apartment rental in Simi Valley, CA is a 3 Beds unit found at Patricia Apartments in the Big Sky: Castlewood neighborhood priced from $1,500. Sage Creek Apartment Homes in the East Simi Valley neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,085. Here is today’s list of the most affordable Simi Valley apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Patricia Apartments3 BR3BR,2BA$1,500
Sage Creek Apartment Homes1 bed, 1 bath, 2nd floor, reno1BR,1BA$2,085
Baywood Apartments1 Bedroom 1 Bath1BR,1BA$2,195

Best Value Apartments for Rent in Simi Valley, CA

As of February 03, 2026 the best value apartment in the Simi Valley area is the $1.16 price per square foot 3 BR Model at Patricia Apartments in the in the Big Sky: Castlewood neighborhood starting from $1,500. The second greatest value Simi Valley apartment is the Unit F Model at Parkside Villas starting at $3,250 with a $2.62 price per square foot in the East 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.
Patricia Apartments3 BR3BR,2BA$1.16
Parkside VillasUnit F3BR,2.5BA$2.62
Sofi at Topanga Canyon2 Bedroom, 2 Bath B2BR,2BA$2.74
IMT Wood RanchB22BR,2BA$2.94
Avalon Simi Valley7841BR,1BA$3.27
Americana Simi ValleySerra - C2BR,2BA$3.27
Westlake CanyonCoastal Oaks1BR,1BA$3.39
Mountain View Properties1 Bed 1 Bath1BR,1BA$3.25
Hidden ValleyA11BR,1BA$3.17
Baywood Apartments1 Bedroom 1 Bath1BR,1BA$3.17

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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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 109 Apartments for Rent in Simi Valley, CA with pricing that ranges from $1,700 to $4,490. There are also 105 Single Family Homes for rent, Condos, and Townhome rentals currently available in Simi Valley ranging from $1,550 to $52,000.

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 $1,550 to $52,000 with an average monthly rent of $7,431.

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.