Cheap Apartments for Rent in the Lake Balboa Neighborhood of Van Nuys, CA from $500 (161 Rentals)

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

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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property at 6439 1/2 Graves Ave

$2,300

Total Monthly Price

Total Monthly Price

Base Rent
$2,300
Total Monthly Price
$2,300

Studio, 1 Bath Home for Rent

Available Now

6439 1/2 Graves Ave

Van NuysCA91406

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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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
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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

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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15507 Vanowen St
Studio to 2 Bedroom Apartments

15507 Vanowen St

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

Diamond Head Apartments

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

Valley Oasis Apartments

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

6928-6932 Woodley Ave

6928-6932 Woodley AveVan Nuys, CA 91406
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Woodley Court
1 to 2 Bedroom Apartments

Woodley Court

6700 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
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Woodley Villas
Studio to 1 Bedroom Apartments

Woodley Villas

7111 Woodley AveVan Nuys, CA 91406

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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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 Kingston priced from $1,350. 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
KingstonStudioStudio,1BA$1,350
Sepulveda Manhattan ApartmentsStudioStudio,1BA$1,425
Casa De Milagro0BR/1.0BAStudio,1BA$1,542
Terrace Pointe ApartmentsStudioStudio,1BA$1,550
Green Court ApartmentsSingleStudio,1BA$1,595
La MarquesaOne Bed/One Bath1BR,1BA$1,645
Latitude ApartmentsStudioStudio,1BA$1,650
Executive House ApartmentsJr 1 Bedroom, 1 Bath1BR,1BA$1,650
San Regis ApartmentsUpdated Studio - 80% AMIStudio,1BA$1,664
Saticoy Street ApartmentsComfortable 1 Bed 1 Bath Apartment in Van Nuys1BR,1BA$1,695

Best Value Apartments for Rent in Lake Balboa, CA

As of May 30, 2026 the best value apartment in the Lake Balboa area is the $2.14 price per square foot 2 Bedroom 2 Bath Model at White Oak Terrace Apartments in the in the Woodley neighborhood starting from $2,995. The second greatest value Lake Balboa apartment is the C Floor Plan Model at White Oak Gardens starting at $2,785 with a $2.19 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 Terrace Apartments2 Bedroom 2 Bath2BR,2BA$2.14
White Oak GardensC Floor Plan2BR,2BA$2.19
6651 Haskell Ave2BR/2.0BA2BR,2BA$1.75
7013 Haskell Ave2B 2B2BR,2BA$2.45
Chateau EncinoTwo Bed ~ Two Bath2BR,2BA$2.48
Orangebrook Manor Apartments1 BR1BR,1BA$2.40
15522 Vanowen St1BR/ 1BA1BR,1BA$2.22
8123 - Sepulveda Apartments1bd/1ba1BR,1BA$2.42
La MarquesaOne Bed/One Bath1BR,1BA$2.35
Sepulveda Apartments1 bed 1 bath1BR,1BA$2.42

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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Real 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.

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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

4.0
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 the Cheapest Studio apartment in Lake Balboa?

Currently the most affordable Cheap Studio Apartment in Lake Balboa is at Kingston listed at $1,350.

How much is rent for a Cheap One Bedroom Lake Balboa Apartment?

The lowest price for a Cheap One Bedroom Lake Balboa Apartment is $1,590 at Terrace Pointe Apartments.

What is the lowest price for a Cheap Two Bedroom Lake Balboa Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Lake Balboa is starting from $1,982 at Andalucia Senior 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

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent article

Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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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.