Cheap Apartments for Rent in the Lake Balboa Neighborhood of Van Nuys, CA from $1,200 (50 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 16008 Bassett St

$1,800

Total Monthly Price

Total Monthly Price

Base Rent
$1,800
Total Monthly Price
$1,800

Studio, 1 Bath Home for Rent

Available Now

16008 Bassett St

Van NuysCA91406
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7436 Ruffner Ave, Unit ADU
$1,900
Total Monthly Price

Total Monthly Price

Base Rent
$1,900
Total Monthly Price
$1,900
1 Bedroom Apartment Available Now

7436 Ruffner Ave, Unit ADU

7436 Ruffner AveVan Nuys, CA 91406
Affordability

Los Angeles's Best Affordable Neighborhoods

Learn about Los Angeles and the best places to live with original content written by our Los Angeles, CA Local Expert Rachel Presser

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property at 6644 Forbes Ave

$2,000

Total Monthly Price

Total Monthly Price

Base Rent
$2,000
Total Monthly Price
$2,000

Studio, 1 Bath Home for Rent

Available Now

6644 Forbes Ave

Van NuysCA91406
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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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van15938
Studio to 2 Bedroom Apartments

van15938

15938 Vanowen StVan Nuys, CA 91406

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.

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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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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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6928-6932 Woodley Ave
1 to 2 Bedroom Apartments

6928-6932 Woodley Ave

6928-6932 Woodley AveVan Nuys, CA 91406
  • Utilities Included
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Woodley Manor
1 to 2 Bedroom Apartments

Woodley Manor

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

16808 Sherman Way

16808 Sherman WayVan Nuys, CA 91406
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17447 Vanowen St
1 to 2 Bedroom Apartments

17447 Vanowen St

17447 Vanowen StVan Nuys, CA 91406
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16226 Vanowen St
Studio to 1 Bedroom Apartments

16226 Vanowen St

16226 Vanowen StVan Nuys, CA 91406
  • Utilities Included
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The Woodley Apartments
Studio to 1 Bedroom Apartments

The Woodley Apartments

6727-6729 Woodley AveVan Nuys, CA 91406
  • Utilities Included

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.

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Woodley Apartments
2 to 3 Bedroom Apartments

Woodley Apartments

6525-6535 Woodley AveVan Nuys, CA 91406
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15951 Sherman Way
1 to 2 Bedroom Apartments

15951 Sherman Way

15951 Sherman WayVan Nuys, CA 91406
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6633 Woodley Ave
Studio to 3 Bedroom Apartments

6633 Woodley Ave

6633 Woodley AveVan Nuys, CA 91406
Corporate Housing
  • Utilities Included
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16565 Vanowen St
1 to 2 Bedroom Apartments

16565 Vanowen St

16565 Vanowen StVan Nuys, CA 91406
  • Utilities Included
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Cambridge house
Studio to 2 Bedroom Apartments

Cambridge house

17351 Vanowen StVan Nuys, CA 91406
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Hayvenhurst Place
Studio to 3 Bedroom Apartments

Hayvenhurst Place

6706 HayvenhurstVan Nuys, CA 91406
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16047 Haynes St
3 Bedroom Apartments

16047 Haynes St

16047 Haynes StVan Nuys, CA 91406

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.

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The Village Apartments
1 to 2 Bedroom Apartments

The Village Apartments

17442 Sherman WayLake Balboa, CA 91406
  • Utilities Included
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Sherman Villas
2 to 3 Bedroom Apartments

Sherman Villas

16836 Sherman WayLake Balboa, CA 91406
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Rubio Villas
1 to 3 Bedroom Apartments

Rubio Villas

7203 Rubio AveLake Balboa, CA 91406

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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Showing Results 1-50, Page 1 of 1

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 Casa De Milagro priced from $1,542. The Esplanade has the second lowest priced unit, which is a Studio apartment currently listed from $1,584. Here are the most affordable Lake Balboa apartments for rent in Van Nuys, CA:

Apartment ListingModel NameBed/BathPriced From
Casa De Milagro0BR/1.0BAStudio,1BA$1,542
The EsplanadeStudioStudio,1BA$1,584
Woodley Gardens1 Bed 1 Bath1BR,1BA$1,600
Executive House Apartments1 Bedroom, 1 Bath1BR,1BA$1,695
Vanowen1BR/1.0BA1BR,1BA$1,725
17037/17043/17049 Vanowen St.1 Bedroom. 1 Bathroom. 0 Half1BR,1BA$1,795
La Marquesa1 Bed, 1 bath1BR,1BA$1,850
Chateau Woodley Hart Apartments1br1BR,1BA$1,959
Villa LagoBalboa1BR,1BA$2,015

Best Value Apartments for Rent in Lake Balboa, CA

As of August 30, 2026 the best value apartment in the Lake Balboa area is the $1.13 price per square foot 2 bed/ 2 bath Model at 16015 Vanowen St in the in the West Van Nuys neighborhood starting from $2,150. The second greatest value Lake Balboa apartment is the 2BR/2.0BA Model at Rubio Villas starting at $2,650 with a $2.61 price per square foot in the West Van Nuys 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.
16015 Vanowen St2 bed/ 2 bath2BR,2BA$1.13
Rubio Villas2BR/2.0BA2BR,2BA$2.61
Fairmont Apartments2BR/2.0BA2BR,2BA$2.40
Chateau W6600The balboa2BR,2BA$2.32
The Village ApartmentsCarmel2BR,2BA$2.63
Vanowen1BR/1.0BA1BR,1BA$2.46
La Marquesa1 Bed, 1 bath1BR,1BA$2.85
Executive House Apartments1 Bedroom, 1 Bath1BR,1BA$2.85
Chateau Woodley Hart Apartments1br1BR,1BA$3.15
Woodley Gardens1 Bed 1 Bath1BR,1BA$3.11

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 Casa De Milagro listed at $1,542.

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

The lowest price for a Cheap One Bedroom Lake Balboa Apartment is $1,600 at Woodley Gardens.

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 $2,150 at La Marquesa.

What is the most affordable Lake Balboa Three Bedroom Apartment?

The best deal on a cheap Lake Balboa Three Bedroom Apartment rental is at Woodley Sara and starts from $3,499.

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 Rent According to Income: A Look at Income-Restricted Rentals article

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.

decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags article

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.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.