Cheap Homes for Rent in Lake Balboa Neighborhood of Van Nuys, CA from $1,400 (28 Rentals)

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

property at 7248 Shoshone Ave

$1,450

Total Monthly Price

Total Monthly Price

Base Rent
$1,450
Total Monthly Price
$1,450

Studio, 1 Bath Home for Rent

Available Now

7248 Shoshone 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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property at 6736 Woodley Ave

$1,695 - $1,995

1 To 2 Bedroom Rentals

Available Now

6736 Woodley Ave

Los AngelesCA91406
property at 6640 Woodley Ave

$1,695 - $1,995

1 To 2 Bedroom Rentals

Available Now

6640 Woodley Ave

Los AngelesCA91406

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 5903 1/2 Texhoma Ave

$1,950

Total Monthly Price

Total Monthly Price

Base Rent
$1,950
Total Monthly Price
$1,950

1 Bedroom, 1 Bath Home for Rent

Available Now

5903 1/2 Texhoma Ave

Los AngelesCA91316
property at 7650 Ostrom Ave

$1,995

Total Monthly Price

Total Monthly Price

Base Rent
$1,995
Total Monthly Price
$1,995

1 Bedroom, 1 Bath Home for Rent

Available May 1

7650 Ostrom Ave

Los AngelesCA91406

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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property at 5460 White Oak Ave

$2,150

Total Monthly Price

Total Monthly Price

Base Rent
$2,150
Total Monthly Price
$2,150

1 Bedroom, 1.5 Bath Condo for Rent

Available Now

5460 White Oak Ave, Unit F303, Unit F303

5460 White Oak Ave
EncinoCA91316

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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Showing Results 1-28, 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 5307 Sepulveda Blvd. priced from $1,395. 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
5307 Sepulveda Blvd.0x1Studio,1BA$1,395
Sepulveda Manhattan ApartmentsStudioStudio,1BA$1,425
Casa De Milagro0BR/1.0BAStudio,1BA$1,542
Terrace Pointe ApartmentsStudioStudio,1BA$1,550
The EsplanadeStudioStudio,1BA$1,577
Executive House ApartmentsStudioStudio,1BA$1,595
Green Court ApartmentsSingleStudio,1BA$1,595
nor16270BR/1.0BAStudio,1BA$1,599
Latitude ApartmentsStudioStudio,1BA$1,650

Best Value Apartments for Rent in Lake Balboa, CA

As of April 12, 2026 the best value apartment in the Lake Balboa area is the $2.45 price per square foot A Floor Plan Model at White Oak Gardens in the in the Woodley neighborhood starting from $3,110. The second greatest value Lake Balboa apartment is the A Floor Plan Model at Encino Palms Apartments starting at $2,825 with a $2.35 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 GardensA Floor Plan2BR,2BA$2.45
Encino Palms ApartmentsA Floor Plan2BR,2BA$2.35
6651 Haskell Ave2BR/2.0BA2BR,2BA$2.08
7013 Haskell Ave2B 2B2BR,2BA$2.45
Chateau Woodley Hart Apartments2br2BR,2BA$2.19
Rubio Villas2BR/2.0BA2BR,2BA$2.51
Orangebrook Manor Apartments1 BR1BR,1BA$2.40
8123 Sepulveda ApartmentsWAITLIST- 1 Bedroom 1 Bathroom Luxury Apartment...1BR,1BA$2.55
La MarquesaOne Bed/One Bath1BR,1BA$2.56
Sepulveda Apartments1 bed 1 bath1BR,1BA$2.42

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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Quick Rent Budget Calculator

How much rent can you afford?

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 Lake Balboa

What type of rentals are currently available in Lake Balboa?

There are currently 491 Apartments for Rent in Lake Balboa, CA with pricing that ranges from $1,305 to $10,194. There are also 104 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Balboa ranging from $1,450 to $30,000.

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 $1,450 to $30,000 with an average monthly rent of $9,438.

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 $2,600 to $10,194, while Three Bedroom Homes, Condos, and Townhomes for rent range from $3,395 to $5,995. Four Bedroom Single-Family rentals are also available starting from $3,675 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

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.