Cheap Apartments for Rent in the Lake Balboa Neighborhood of Van Nuys, CA from $500 (22 Rentals)

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

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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
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
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6701 Haskell Ave
1 to 2 Bedroom Apartments

6701 Haskell Ave

6701 Haskell AveVan 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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Vose apartments
1 Bedroom Apartments

Vose apartments

15705 Vose StVan Nuys, CA 91406
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Vanowen Apartments
Studio to 2 Bedroom Apartments

Vanowen Apartments

15340-15344 Vanowen StVan Nuys, CA 91406
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15507 Vanowen St
1 Bedroom Apartments

15507 Vanowen St

15507 Vanowen StVan Nuys, CA 91406
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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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8145 Langdon Ave
Studio to 2 Bedroom Apartments

8145 Langdon Ave

8145 Langdon AveVan Nuys, CA 91406
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6928-6932 Woodley Ave
1 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
1 Bedroom Apartments

15405 Vanowen St

15405 Vanowen StVan Nuys, CA 91406
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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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Woodley Villas
1 Bedroom Apartments

Woodley Villas

7111 Woodley AveVan Nuys, CA 91406
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White Oak Apartments
Studio to 3 Bedroom Apartments

White Oak Apartments

5139 White Oak AveEncino, CA 91316
  • Utilities Included

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 Green Court Apartments priced from $1,495. Sepulveda Manhattan Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,500. Here are the most affordable Lake Balboa apartments for rent in Van Nuys, CA:

Apartment ListingModel NameBed/BathPriced From
Green Court ApartmentsSingleStudio,1BA$1,495
Sepulveda Manhattan ApartmentsStudioStudio,1BA$1,500
6833 Sepulveda Blvd1Bed/1Bath1BR,1BA$1,625
The Palms ApartmentsStudioStudio,1BA$1,625
The ParkviewStudioStudio,1BA$1,679

Best Value Apartments for Rent in Lake Balboa, CA

As of June 16, 2025 the best value apartment in the Lake Balboa area is the $2.24 price per square foot 2 Bedroom 2 Bath Model at White Oak Terrace Apartments in the in the Woodley neighborhood starting from $3,134. The second greatest value Lake Balboa apartment is the 3BR/2.0BA Model at 6643 Haskell Avenue starting at $2,498 with a $1.85 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$2.24
6643 Haskell Avenue3BR/2.0BA3BR,2BA$1.85
White Oak GardensA Floor Plan2BR,2BA$2.33
Encino PalmsA Floor Plan2BR,2BA$2.40
6651 Haskell Ave2BR/2.0BA2BR,2BA$1.75
Chateau Woodley Hart Apartments2br2BR,2BA$2.28
Encino Oakbrook1 Bed1BR,1BA$1.95
Woodley SaraB22BR,2BA$2.35
Amanda Regency Apartments1 Bedroom 1 Bathroom1BR,1BA$2.29
8123 - Sepulveda ApartmentsWAITLIST- 1 Bedroom 1 Bathroom Luxury Apartment...1BR,1BA$2.42

Quick Rent Budget Calculator

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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 neighborhoods in Van Nuys, CA for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Getting Around the Lake Balboa Neighborhood in Van Nuys, CA

Walk Score®

73 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

54 / 100

Bikeable

Some bike infrastructure

Transit Score®

44 / 100

Some Transit

A few nearby public transportation options

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 Green Court Apartments listed at $1,495.

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

The lowest price for a Cheap One Bedroom Lake Balboa Apartment is $1,625 at 6833 Sepulveda Blvd.

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 $2,098 at 6651 Haskell Ave.

What is the most affordable Lake Balboa Three Bedroom Apartment?

The best deal on a cheap Lake Balboa Three Bedroom Apartment rental is at 6643 Haskell Avenue and starts from $2,498.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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

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

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.