Cheap Homes for Rent in Simi Valley, CA from $900 (9 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.

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: 12/21/2025

Current apartment rentals in the Simi Valley, CA area range in price from $975 to $12,000 with an overall median price of $6,339. The three Simi Valley neighborhoods with the lowest median rent pricing are East Simi Valley at $2,750, Brentwood in Simi Valley at $1,765, and Central Simi Valley at $975. 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$4,395$2,7507
Brentwood in Simi Valley$4,500$1,76513
Central Simi Valley$5,800$97535
Big Sky: Castlewood$8,000$97548
Woodranch$9,000$2,50053

Cheapest Available Simi Valley Apartments for Rent

 

The cheapest available apartment rental in Simi Valley, CA is a 1 Bed unit found at Meadowood in the Big Sky: Castlewood neighborhood priced from $2,147. Baywood Apartments in the East Simi Valley neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,195. Here is today’s list of the most affordable Simi Valley apartments for rent:

Apartment ListingModel NameBed/BathPriced From
MeadowoodPlan 1A1BR,1BA$2,147
Baywood Apartments1 Bedroom 1 Bath1BR,1BA$2,195
Hidden ValleyA11BR,1BA$2,233

Best Value Apartments for Rent in Simi Valley, CA

As of December 21, 2025 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 $2,795 with a $2.53 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$2.53
IMT Summerset VillageB32BR,2BA$3.04
Sage Creek Apartment Homes2 bed, 1 bath, 1st floor, reno2BR,1BA$2.93
5977 Nelda St, Unit Nelda #35977 Nelda St2BR,1BA$2.94
Americana Simi ValleySerra - C2BR,2BA$3.14
The KnollsCoastal Oaks1BR,1BA$3.41
Hidden ValleyA11BR,1BA$3.15
Baywood Apartments1 Bedroom 1 Bath1BR,1BA$3.17
MeadowoodPlan 1A1BR,1BA$3.42

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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Quick 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.

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Pet Friendly Lifestyle
Simi Valley, CA

Ranked #992

Among cities in California for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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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 107 Apartments for Rent in Simi Valley, CA with pricing that ranges from $2,000 to $8,569. There are also 130 Single Family Homes for rent, Condos, and Townhome rentals currently available in Simi Valley ranging from $975 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 $975 to $52,000 with an average monthly rent of $7,474.

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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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! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.