Cheap Apartments for Rent in the Lake Balboa Neighborhood of Van Nuys, CA from $500 (137 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 6552 Aldea Ave

$1,550

Total Monthly Price

Total Monthly Price

Base Rent
$1,550
Total Monthly Price
$1,550

Studio, 1 Bath Home for Rent

Available Now

6552 Aldea 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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property at 6439 1/2 Graves 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

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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van15938
Studio to 2 Bedroom Apartments

van15938

15938 Vanowen StVan 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
  • 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
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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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15405 Vanowen St
Studio to 2 Bedroom Apartments

15405 Vanowen St

15405 Vanowen StVan Nuys, CA 91406
  • Utilities Included
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Woodley Villas
Studio to 1 Bedroom Apartments

Woodley Villas

7111 Woodley AveVan Nuys, CA 91406

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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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 San Regis Apartments priced from $1,345. Terrace Pointe Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,400. Here are the most affordable Lake Balboa apartments for rent in Van Nuys, CA:

Apartment ListingModel NameBed/BathPriced From
San Regis ApartmentsStudio - 80% AMIStudio,1BA$1,345
Terrace Pointe ApartmentsStudioStudio,1BA$1,400
La MarquesaSingleStudio,1BA$1,400
Green Court ApartmentsSingleStudio,1BA$1,495
Casa De Milagro0BR/1.0BAStudio,1BA$1,541
Woodley Gardens1 Bed 1 Bath1BR,1BA$1,600
The EsplanadeStudioStudio,1BA$1,619
17001 Vanowen St, Van Nuys, CA 914061BR/1.0BA1BR,1BA$1,650
Latitude ApartmentsStudioStudio,1BA$1,650
15843 Saticoy St1 BR 1 BA1BR,1BA$1,695

Best Value Apartments for Rent in Lake Balboa, CA

As of July 14, 2026 the best value apartment in the Lake Balboa area is the $2.47 price per square foot 4BR/4.0BA Model at 16753-16755 1/2 Sherman Way in the in the West Van Nuys neighborhood starting from $3,950. The second greatest value Lake Balboa apartment is the 2 Bedroom 2 Bath Model at White Oak Terrace Apartments starting at $2,873 with a $2.05 price per square foot in the Encino 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.
16753-16755 1/2 Sherman Way4BR/4.0BA4BR,4BA$2.47
White Oak Terrace Apartments2 Bedroom 2 Bath2BR,2BA$2.05
White Oak GardensC Floor Plan2BR,2BA$2.19
Encino Palms ApartmentsA Floor Plan2BR,2BA$2.27
6651 Haskell Ave2BR/2.0BA2BR,2BA$1.67
7013 Haskell Ave2B 2B2BR,2BA$2.45
Chateau Woodley Hart Apartments2br2BR,2BA$2.26
Sepulveda Apartments2 bed 1 bath1BR,1BA$2.40
Valle Terrace Apartments2+22BR,2BA$2.37
15522 Vanowen St1BR/ 1BA1BR,1BA$2.22

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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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 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 the Cheapest Studio apartment in Lake Balboa?

Currently the most affordable Cheap Studio Apartment in Lake Balboa is at San Regis Apartments listed at $1,345.

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 $1,925 at La Marquesa.

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 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.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.