Cheap Apartments for Rent in the Downtown Thousand Oaks Neighborhood of Thousand Oaks, CA from $1,800 (12 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Downtown Thousand Oaks area of Thousand Oaks.

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399 Erbes Rd.
$2,500 - $3,350
Total Monthly Price

Total Monthly Price

Base Rent
$2,500 - $3,350

Total Monthly Price
$2,500 - $3,350
1 to 3 Bedroom Apartments Available Now

399 Erbes Rd.

399 Erbes RdThousand Oaks, CA 91362
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The Oaks Apartments
2 Bedroom Apartments

The Oaks Apartments

951 Warwick AveThousand Oaks, CA 91360
  • Utilities Included

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Downtown Thousand Oaks, Thousand Oaks, CA Local Guide

Cheapest Available Downtown Thousand Oaks Apartments for Rent

 

The cheapest available apartment rental in the Downtown Thousand Oaks area of Thousand Oaks, CA is a 1 Bed unit found at Charter Oaks Apartments priced from $2,189. 77 North Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,470. Here are the most affordable Downtown Thousand Oaks apartments for rent in Thousand Oaks, CA:

Apartment ListingModel NameBed/BathPriced From
Charter Oaks ApartmentsOne Bedroom Plan 3B1BR,1BA$2,189
77 North Apartments1BR/1.0BA1BR,1BA$2,470
399 Erbes Rd.1BR/1BA1BR,1BA$2,500
Arrive Laurie LaneHibiscus1BR,1BA$2,575
Arrive Thousand OaksAcacia1BR,1BA$2,645

Best Value Apartments for Rent in Downtown Thousand Oaks, CA

As of March 04, 2026 the best value apartment in the Downtown Thousand Oaks area is the $2.50 price per square foot 3 Bed / 2.5 Bath Townhomes Model at Rancho Serrano - Townhomes in the in the Southshore Hills neighborhood starting from $4,550. The second greatest value Downtown Thousand Oaks apartment is the Plan 2A Model at The Harrington starting at $2,850 with a $2.74 price per square foot in the Southshore Hills neighborhood. Here is today’s list of the best values for Downtown Thousand Oaks apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Rancho Serrano - Townhomes3 Bed / 2.5 Bath Townhomes3BR,2.5BA$2.50
The HarringtonPlan 2A2BR,2BA$2.74
Sofi Thousand Oaks1 Bed 1 Bath with Den Slider1BR,1BA$2.79
Yolo Apartment HomesWater - 2nd Floor2BR,2BA$3.13
St. Charles Oaks ApartmentsTwo Bedroom2BR,1BA$3.14
Arrive Laurie LaneHibiscus1BR,1BA$3.22
77 North Apartments1BR/1.0BA1BR,1BA$3.17
Arrive Rolling OaksCedar1BR,1BA$3.64
Arrive Thousand OaksAcacia1BR,1BA$3.65
399 Erbes Rd.1BR/1BA1BR,1BA$3.62

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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Pet Friendly Lifestyle
Downtown Thousand Oaks, Thousand Oaks, CA

Ranked #6

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

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of rentals and neighborhoods across the USA, including Downtown Thousand Oaks, Thousand Oaks, and the greater Thousand Oaks area. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including rankings of the best places for the best proximity to parks and outdoor amenities, luxury amenities, kid and pet-friendly communities, availability of transit options, and much more. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Downtown Thousand Oaks Apartments

What is the Cheapest Studio apartment in Downtown Thousand Oaks?

Currently the most affordable Cheap Studio Apartment in Downtown Thousand Oaks is at Charter Oaks Apartments listed at $2,312.

How much is rent for a Cheap One Bedroom Downtown Thousand Oaks Apartment?

The lowest price for a Cheap One Bedroom Downtown Thousand Oaks Apartment is $2,189 at Charter Oaks Apartments.

What is the lowest price for a Cheap Two Bedroom Downtown Thousand Oaks Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Downtown Thousand Oaks is starting from $2,321 at Charter Oaks Apartments.

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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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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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.