
Cheap Homes for Rent in Simi Valley, CA from $950 (16 Rentals)
Search the lowest-cost Homes available for rent right now in Simi Valley.


14886 Reedley St

2346 Fountain Crest Ln, Unit 28

2425 Little Rock Lane

1281 Hartley Ave, Unit B
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

990 Ashland Ave

4245 Juneau Cir

1253 Tivoli Ln

5550 Barnard St

4553 Alamo St
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

2059 N Avenida Vista Del Monte

1912 Heywood St

697 Sutton Crest Trail

2075 N Avenida Vista Del Monte

2075 N Avenida Vista Del Monte, Unit 4
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.

2049 Sebring St
Simi Valley, CA Local Guide

How much does it cost to rent a home in Simi Valley?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Simi Valley 2 Bedroom Homes for Rent | $3,124 | $2,400 | $4,850 |
| Simi Valley 3 Bedroom Homes for Rent | $4,369 | $3,345 | $8,000 |
| Simi Valley 4 Bedroom Homes for Rent | $6,561 | $3,650 | $10,000+ |
| Simi Valley 5 Bedroom Homes for Rent | $10,553 | $4,884 | $10,000+ |
| Simi Valley 6 Bedroom Homes for Rent | $9,000 | $9,000 | $9,000 |
| Simi Valley 7 Bedroom Homes for Rent | $19,247 | $10,000 | $10,000+ |
Browse Top Homes for Rent in Simi Valley
Explore Simi Valley
Simi Valley, CA Local Guide
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Cheapest Neighborhoods for Apartments in Simi Valley, CA
Pricing Updated: 08/24/2026Current 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:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| East Simi Valley | $2,336 | $2,130 | 17 |
| Central Simi Valley | $2,467 | $1,800 | 24 |
| Brentwood in Simi Valley | $2,489 | $1,800 | 14 |
| Big Sky: Castlewood | $2,556 | $1,800 | 35 |
| Woodranch | $2,771 | $1,400 | 47 |
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Patricia Apartments | 1 BR | 1BR,1BA | $1,100 |
| #227 | 1BR/1.0BA | 1BR,1BA | $1,700 |
| River Ranch | Dandelion | 1BR,1BA | $2,002 |
| Indian Oaks | Bur Premier | 1BR,1BA | $2,130 |
| Avalon Simi Valley | 680 | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Parkside Villas | Unit F | 3BR,2.5BA | $2.62 |
| MW Patricia Apartments | 2 BD | 2BR,2BA | $2.17 |
| IMT Summerset Village | B1 | 2BR,2BA | $3.18 |
| 1750 On First Apartment Homes | 2BR/2BA | 2BR,2BA | $2.96 |
| Sage Creek Apartment Homes | 2 bed, 1 bath, 2nd floor, reno | 2BR,1BA | $2.73 |
| Meadowood | Plan 2A | 2BR,1BA | $2.94 |
| Patricia Apartments | 1 BR | 1BR,1BA | $1.49 |
| Hidden Valley | A1 | 1BR,1BA | $3.27 |
| Avalon Simi Valley | 680 | 1BR,1BA | $3.25 |
| River Ranch | Dandelion | 1BR,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.
Read ArticleReal 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.
Read ArticleQuick 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.
Simi Valley, CAPopulation: 125,851
Ranked #222
in US Census Population by City
Best Local Schools in Simi Valley, CA
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Simi Valley, CA Rentals by Map
See the most popular apartments and homes in Simi Valley, CA
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

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.

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.

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.

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.