
Cheap Homes for Rent in the Lake Balboa Neighborhood of Van Nuys, CA from $1,300 (16 Rentals)
Search the lowest-cost Homes available for rent right now in the Lake Balboa area of Van Nuys.


15632 Leadwell St, Unit 13

16215 Vanowen St, Unit 11

6552 Aldea Ave

5307 Sepulveda Blvd, Unit 311
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.

8155 Genesta Ave

8112 Paso Robles Ave, Unit 16924

5460 White Oak Ave, Unit A105

7040 Haskell Ave

17550 Willard St
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.

6601 N Louise Ave

5460 White Oak Ave

6439 1/2 Graves Ave

7340 Haskell Ave, Unit 104

15524 Sylvan St
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.

8135 Langdon Ave, Unit 11
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 | $3,246 | $2,056 | $5,200 |
| Lake Balboa 3 Bedroom Homes for Rent | $4,325 | $3,450 | $5,500 |
| Lake Balboa 4 Bedroom Homes for Rent | $7,029 | $3,675 | $10,000+ |
| Lake Balboa 5 Bedroom Homes for Rent | $14,771 | $6,500 | $10,000+ |
| Lake Balboa 6 Bedroom Homes for Rent | $25,450 | $10,000 | $10,000+ |
Browse Homes for Rent in this Neighborhood
There are currently 16 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 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| San Regis Apartments | Studio - 80% AMI | Studio,1BA | $1,345 |
| Terrace Pointe Apartments | Studio | Studio,1BA | $1,400 |
| La Marquesa | Single | Studio,1BA | $1,400 |
| Green Court Apartments | Single | Studio,1BA | $1,495 |
| Casa De Milagro | 0BR/1.0BA | Studio,1BA | $1,541 |
Best Value Apartments for Rent in Lake Balboa, CA
As of July 12, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 16753-16755 1/2 Sherman Way | 4BR/4.0BA | 4BR,4BA | $2.47 |
| White Oak Terrace Apartments | 2 Bedroom 2 Bath | 2BR,2BA | $2.05 |
| White Oak Gardens | C Floor Plan | 2BR,2BA | $2.19 |
| Encino Palms Apartments | A Floor Plan | 2BR,2BA | $2.27 |
| 6651 Haskell Ave | 2BR/2.0BA | 2BR,2BA | $1.67 |
| 7013 Haskell Ave | 2B 2B | 2BR,2BA | $2.45 |
| Chateau Woodley Hart Apartments | 2br | 2BR,2BA | $2.27 |
| Sepulveda Apartments | 2 bed 1 bath | 1BR,1BA | $2.40 |
| Valle Terrace Apartments | 2+2 | 2BR,2BA | $2.37 |
| 15522 Vanowen St | 1BR/ 1BA | 1BR,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.
Read ArticleReal 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.
Read ArticleQuick 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.
Pet Friendly LifestyleLake Balboa, Van Nuys, CA
Ranked #1
Among cities in California for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Best Local Schools in Lake Balboa, Van Nuys, CA
Gault Street Elementary
William Mulholland Middle
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 494 Apartments for Rent in Lake Balboa, CA with pricing that ranges from $1,345 to $10,194. There are also 83 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Balboa ranging from $1,362 to $28,900.
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 $1,362 to $28,900 with an average monthly rent of $8,351.
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

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.

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.

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.

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.