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$1,5251 Bedroom Apartments Available Now
16215 Vanowen St, Unit 10
16215 Vanowen StLos Angeles, CA 91406
Cheap Homes for Rent in the Lake Balboa Neighborhood of Van Nuys, CA from $1,750 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the Lake Balboa area of Van Nuys.
15943 Victory Blvd
Los AngelesCA91406
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
16008 Bassett St
Van NuysCA91406
6642 Forbes Ave
Los AngelesCA91406
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.
16010 Cantlay St
Los AngelesCA91406
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Lake Balboa, Van Nuys, CA Local Guide
How much does it cost to rent a home in Lake Balboa?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lake Balboa 2 Bedroom Homes for Rent | $2,991 | $2,584 | $3,295 |
| Lake Balboa 3 Bedroom Homes for Rent | $3,961 | $3,461 | $4,750 |
| Lake Balboa 4 Bedroom Homes for Rent | $3,893 | $3,587 | $4,200 |
| Lake Balboa 5 Bedroom Homes for Rent | $5,995 | $5,995 | $5,995 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 5 rentals with your search options within a 2 mile radius of the Lake Balboa Neighborhood of Van Nuys, CA.
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Lake Balboa, Van Nuys, CA Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Casa De Milagro | 0BR/1.0BA | Studio,1BA | $1,542 |
| The Esplanade | Studio | Studio,1BA | $1,584 |
| Woodley Gardens | 1 Bed 1 Bath | 1BR,1BA | $1,600 |
Best Value Apartments for Rent in Lake Balboa, CA
As of August 29, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 16015 Vanowen St | 2 bed/ 2 bath | 2BR,2BA | $1.13 |
| Rubio Villas | 2BR/2.0BA | 2BR,2BA | $2.61 |
| Fairmont Apartments | 2BR/2.0BA | 2BR,2BA | $2.40 |
| Chateau W6600 | The balboa | 2BR,2BA | $2.32 |
| The Village Apartments | Carmel | 2BR,2BA | $2.63 |
| Vanowen | 1BR/1.0BA | 1BR,1BA | $2.46 |
| La Marquesa | 1 Bed, 1 bath | 1BR,1BA | $2.85 |
| Executive House Apartments | 1 Bedroom, 1 Bath | 1BR,1BA | $2.85 |
| Chateau Woodley Hart Apartments | 1br | 1BR,1BA | $3.15 |
| Woodley Gardens | 1 Bed 1 Bath | 1BR,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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Pet Friendly LifestyleLake Balboa, Van Nuys, CA
Ranked #1
Among cities in California for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Lake Balboa, Van Nuys, CA
Gault Street Elementary School
Los Angeles Unified School District
Public School - Grades K-5 (298)
4 out of 10
William Mulholland Middle School
Los Angeles Unified School District
Public School - Grades 6-8 (1098)
6 out of 10
School data provided by Great Schools
Frequently Asked Questions about Lake Balboa
What type of rentals are currently available in Lake Balboa?
There are currently 223 Apartments for Rent in Lake Balboa, CA with pricing that ranges from $1,525 to $12,840. There are also 26 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Balboa ranging from $1,750 to $5,995.
What is the current price range for Rental Homes in Lake Balboa?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Lake Balboa ranges from $1,750 to $5,995 with an average monthly rent of $3,435.
How much are larger Three and Four Bedroom Rentals in Lake Balboa?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Lake Balboa range from $2,733 to $10,194, while Three Bedroom Homes, Condos, and Townhomes for rent range from $3,461 to $4,750. Four Bedroom Single-Family rentals are also available starting from $3,587 and Four Bedroom Apartments start at $3,950.
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
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.
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.
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.
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.