Cheap Homes for Rent in Lake Balboa Neighborhood of Van Nuys, CA from $1,300 (31 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

$1,390

Total Monthly Price

Total Monthly Price

Base Rent
$1,390
Total Monthly Price
$1,390

Studio, 1 Bath Home for Rent

Available Now

7248 Shoshone Ave

Los AngelesCA91406

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.

Read Article

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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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

5460 White Oak Ave
EncinoCA91316

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 6439 1/2 Graves Ave

$2,300

Total Monthly Price

Total Monthly Price

Base Rent
$2,300
Total Monthly Price
$2,300

Studio, 1 Bath Home for Rent

Available Now

6439 1/2 Graves Ave

Van NuysCA91406
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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 Kingston priced from $1,350. 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
KingstonStudioStudio,1BA$1,350
Sepulveda Manhattan ApartmentsStudioStudio,1BA$1,425
Casa De Milagro0BR/1.0BAStudio,1BA$1,542
Terrace Pointe ApartmentsStudioStudio,1BA$1,550
Green Court ApartmentsSingleStudio,1BA$1,595
La MarquesaOne Bed/One Bath1BR,1BA$1,645
Latitude ApartmentsStudioStudio,1BA$1,650
Executive House ApartmentsJr 1 Bedroom, 1 Bath1BR,1BA$1,650
San Regis ApartmentsUpdated Studio - 80% AMIStudio,1BA$1,664
Saticoy Street ApartmentsComfortable 1 Bed 1 Bath Apartment in Van Nuys1BR,1BA$1,695

Best Value Apartments for Rent in Lake Balboa, CA

As of May 27, 2026 the best value apartment in the Lake Balboa area is the $2.14 price per square foot 2 Bedroom 2 Bath Model at White Oak Terrace Apartments in the in the Woodley neighborhood starting from $2,995. The second greatest value Lake Balboa apartment is the 2BR/2.0BA Model at 6651 Haskell Ave starting at $2,098 with a $1.75 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$2.14
6651 Haskell Ave2BR/2.0BA2BR,2BA$1.75
7013 Haskell Ave2B 2B2BR,2BA$2.45
Chateau EncinoTwo Bed ~ Two Bath2BR,2BA$2.48
Valle Terrace Apartments2+22BR,2BA$2.53
Orangebrook Manor Apartments1 BR1BR,1BA$2.40
15522 Vanowen St1BR/ 1BA1BR,1BA$2.22
8123 - Sepulveda Apartments1bd/1ba1BR,1BA$2.42
Sepulveda Apartments1 bed 1 bath1BR,1BA$2.42
La MarquesaOne Bed/One Bath1BR,1BA$2.35

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

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

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 Lake Balboa

What type of rentals are currently available in Lake Balboa?

There are currently 493 Apartments for Rent in Lake Balboa, CA with pricing that ranges from $1,295 to $10,194. There are also 100 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Balboa ranging from $1,390 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 $1,390 to $30,000 with an average monthly rent of $9,294.

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 A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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.