Cheap Homes for Rent in Lake Balboa Neighborhood of Van Nuys, CA from $1,300 (23 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 15405 Vanowen St

15405 Vanowen St

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.

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.

property at 6640 Woodley Ave

6640 Woodley Ave

Los AngelesCA91406

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.

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 Sepulveda Manhattan Apartments priced from $1,495. Terrace Pointe Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,500. Here are the most affordable Lake Balboa apartments for rent in Van Nuys, CA:

Apartment ListingModel NameBed/BathPriced From
Sepulveda Manhattan ApartmentsStudioStudio,1BA$1,495
Terrace Pointe Apartments1 Bedroom1BR,1BA$1,500
Green Court ApartmentsSingleStudio,1BA$1,595
Latitude ApartmentsStudioStudio,1BA$1,650
Pavillion Apartments1 bed 1 bath1BR,1BA$1,690

Best Value Apartments for Rent in Lake Balboa, CA

As of November 09, 2025 the best value apartment in the Lake Balboa area is the $2.36 price per square foot C Floor Plan Model at Encino Palms in the in the Woodley neighborhood starting from $3,125. The second greatest value Lake Balboa apartment is the 2 Bedroom 1.5 Bath Townhouse Model at La Croix Apartments starting at $2,195 with a $1.69 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Encino PalmsC Floor Plan2BR,2BA$2.36
La Croix Apartments2 Bedroom 1.5 Bath Townhouse2BR,1.5BA$1.69
White Oak GardensC Floor Plan2BR,2BA$2.31
6643 Haskell Avenue2BR/2.0BA2BR,2BA$2.12
White Oak Terrace Apartments1 Bedroom 1 Bath1BR,1BA$2.29
Valley Oasis ApartmentsSpacious 2 Bedroom 2 Bath2BR,2BA$2.00
15643 Wyandotte St2 + 22BR,2BA$2.34
Orangebrook Manor Apartments1 BR1BR,1BA$2.40
8123 - Sepulveda ApartmentsWAITLIST- 1 Bedroom 1 Bathroom Luxury Apartment...1BR,1BA$2.42
Terrace Pointe Apartments1 Bedroom1BR,1BA$2.34

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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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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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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 $1,305 to $10,194. There are also 107 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Balboa ranging from $1,300 to $35,000.

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 $1,300 to $35,000 with an average monthly rent of $9,820.

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 $3,295 to $5,500. Four Bedroom Single-Family rentals are also available starting from $3,245 and Four Bedroom Apartments start at $3,937.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.