Cheap Apartments for Rent in the Lake Balboa Neighborhood of Van Nuys, CA from $500 (153 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Lake Balboa area of Van Nuys.

property at 7248 Shoshone Ave

$1,450

Total Monthly Price

Total Monthly Price

Base Rent
$1,450
Total Monthly Price
$1,450

Studio, 1 Bath Home for Rent

Available Now

7248 Shoshone Ave

Van NuysCA91406

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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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.

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6857 Haskell Ave
Studio to 3 Bedroom Apartments

6857 Haskell Ave

6857 Haskell AveVan Nuys, CA 91406
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16016 Vanowen St
Studio to 1 Bedroom Apartments

16016 Vanowen St

16016 Vanowen StVan Nuys, CA 91406

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.

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8080 Langdon Ave
Studio to 2 Bedroom Apartments

8080 Langdon Ave

8080 Langdon AveVan Nuys, CA 91406
  • Utilities Included
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6701 Haskell Ave
Studio to 2 Bedroom Apartments

6701 Haskell Ave

6701 Haskell AveVan Nuys, CA 91406
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Vanowen Apartments
Studio to 2 Bedroom Apartments

Vanowen Apartments

15340-15344 Vanowen StVan Nuys, CA 91406
  • Utilities Included
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15507 Vanowen St
Studio to 2 Bedroom Apartments

15507 Vanowen St

15507 Vanowen StVan Nuys, CA 91406
  • Utilities Included
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Diamond Head Apartments
Studio to 1 Bedroom Apartments

Diamond Head Apartments

15540 Vanowen StVan Nuys, CA 91406
  • Utilities Included
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Valley Oasis Apartments
Studio to 2 Bedroom Apartments

Valley Oasis Apartments

16141 Vanowen StVan Nuys, CA 91406
  • Utilities Included
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6928-6932 Woodley Ave
1 to 2 Bedroom Apartments

6928-6932 Woodley Ave

6928-6932 Woodley AveVan Nuys, CA 91406
  • Utilities Included

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Woodley Court
1 to 2 Bedroom Apartments

Woodley Court

6700 Woodley AveVan Nuys, CA 91406
  • Utilities Included
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Woodley Villas
Studio to 1 Bedroom Apartments

Woodley Villas

7111 Woodley AveVan Nuys, CA 91406
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15405 Vanowen St
Studio to 2 Bedroom Apartments

15405 Vanowen St

15405 Vanowen StVan Nuys, CA 91406
  • Utilities Included
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Woodley Manor
1 to 2 Bedroom Apartments

Woodley Manor

6726 Woodley AveVan Nuys, CA 91406
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16808 Sherman Way
1 to 2 Bedroom Apartments

16808 Sherman Way

16808 Sherman WayVan Nuys, CA 91406
  • Utilities Included
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Sonterra Condominiums
Studio to 2 Bedroom Apartments

Sonterra Condominiums

15425 Sherman WayVan Nuys, CA 91406
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Woodley Gardens
Studio to 2 Bedroom Apartments

Woodley Gardens

6715 Woodley AveVan Nuys, CA 91406
  • Utilities Included

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Showing Results 1-50, Page 1 of 4

Lake Balboa, Van Nuys, CA Local Guide

Cheapest Available Lake Balboa Apartments for Rent

 

The cheapest available apartment rental in the Lake Balboa area of Van Nuys, CA is a Studio unit found at 5307 Sepulveda Blvd. priced from $1,395. Sepulveda Manhattan Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,425. Here are the most affordable Lake Balboa apartments for rent in Van Nuys, CA:

Apartment ListingModel NameBed/BathPriced From
5307 Sepulveda Blvd.0x1Studio,1BA$1,395
Sepulveda Manhattan ApartmentsStudioStudio,1BA$1,425
Casa De Milagro0BR/1.0BAStudio,1BA$1,542
Terrace Pointe ApartmentsStudioStudio,1BA$1,550
The EsplanadeStudioStudio,1BA$1,577
Executive House ApartmentsStudioStudio,1BA$1,595
Green Court ApartmentsSingleStudio,1BA$1,595
Latitude ApartmentsStudioStudio,1BA$1,650
KingstonStudioStudio,1BA$1,650

Best Value Apartments for Rent in Lake Balboa, CA

As of April 15, 2026 the best value apartment in the Lake Balboa area is the $2.31 price per square foot C Floor Plan Model at White Oak Gardens in the in the Woodley neighborhood starting from $2,935. The second greatest value Lake Balboa apartment is the A Floor Plan Model at Encino Palms Apartments starting at $2,825 with a $2.35 price per square foot in the Woodley neighborhood. Here is today’s list of the best values for Lake Balboa apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
White Oak GardensC Floor Plan2BR,2BA$2.31
Encino Palms ApartmentsA Floor Plan2BR,2BA$2.35
6651 Haskell Ave2BR/2.0BA2BR,2BA$2.08
7013 Haskell Ave2B 2B2BR,2BA$2.45
Rubio Villas2BR/2.0BA2BR,2BA$2.51
Orangebrook Manor Apartments1 BR1BR,1BA$2.40
8123 - Sepulveda ApartmentsWAITLIST- 1 Bedroom 1 Bathroom Luxury Apartment...1BR,1BA$2.55
La MarquesaOne Bed/One Bath1BR,1BA$2.56
5307 Sepulveda Blvd.1x11BR,1BA$2.56
Sepulveda Apartments1 bed 1 bath1BR,1BA$2.42

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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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
Lake Balboa, Van Nuys, CA

Ranked #1

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Best Local Schools in
Lake Balboa, Van Nuys, CA

School data provided by Great Schools

Frequently Asked Questions about Cheap Lake Balboa Apartments

What is a cheap apartment in Lake Balboa?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Lake Balboa is under $1,650.

What is the price of a cheap apartment in Lake Balboa?

The cheapest apartment in Lake Balboa is The Parkview which is listed at $1,665, while the average apartment in Lake Balboa costs $3,950.

What types of apartments are the cheapest in Lake Balboa?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 77 regular apartments in Lake Balboa that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

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.