Cheap Homes for Rent in Lake Merced Neighborhood of Daly City, CA from $1,000 (9 Rentals)

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Search the lowest-cost Homes available for rent right now in the Lake Merced area of Daly City.

San Francisco's Best Affordable Neighborhoods

Learn about San Francisco and the best places to live with original content written by our San Francisco, CA Local Expert Shannon Hilson

Lake Merced, Daly City, CA Local Guide

Cheapest Available Lake Merced Apartments for Rent

 

The cheapest available apartment rental in the Lake Merced area of San Francisco, CA is a Studio unit found at Peninsula Pines Apartments priced from $1,895. Westlake Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,980. Here are the most affordable Lake Merced apartments for rent in San Francisco, CA:

Apartment ListingModel NameBed/BathPriced From
Peninsula Pines ApartmentsThe Beach PineStudio,1BA$1,895
Westlake ApartmentsS2-CStudio,1BA$1,980
Lakewood Apartments At Lake MercedStudio XStudio,1BA$2,199

Best Value Apartments for Rent in Lake Merced, CA

As of March 28, 2025 the best value apartment in the Lake Merced area is the $3.09 price per square foot 185 Broad St Model at 185 Broad St, Unit OceanView Treasure in the in the Lake Shore neighborhood starting from $4,950. The second greatest value Lake Merced apartment is the 3 Bed 2.5 Bath Townhome Model at Parkmerced starting at $5,736 with a $4.09 price per square foot in the Sunnyside neighborhood. Here is today’s list of the best values for Lake Merced apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
185 Broad St, Unit OceanView Treasure185 Broad St4BR,2BA$3.09
Parkmerced3 Bed 2.5 Bath Townhome3BR,2.5BA$4.09
Nine88 ApartmentsGateway2BR,2BA$4.48
South City Station1 Bedroom C1BR,1BA$3.72
Avalon Ocean AvenueA41BR,1BA$3.96
Serramonte Ridge1X1 LG1BR,1BA$3.75
Amberwood Apartments1 Bed, 1 bath1BR,1BA$3.74
Lakewood Apartments At Lake Merced1Bed 1 Bath #11BR,1BA$4.63
OceanAire Apartment HomesRockaway1BR,1BA$5.34
Westlake ApartmentsS1-EStudio ,1BA$4.88

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Frequently Asked Questions about Lake Merced

What type of rentals are currently available in Lake Merced?

There are currently 563 Apartments for Rent in Lake Merced, CA with pricing that ranges from $900 to $9,200. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Merced ranging from $1,000 to $6,500.

What is the current price range for Rental Homes in Lake Merced?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Lake Merced ranges from $1,000 to $6,500 with an average monthly rent of $3,689.

How much are larger Three and Four Bedroom Rentals in Lake Merced?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Lake Merced range from $3,000 to $7,418, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,050 to $5,200. Four Bedroom Single-Family rentals are also available starting from $5,600 and Four Bedroom Apartments start at $4,950.

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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A San Francisco Local Expert’s Guide to the Top Budget-Friendly Bay Area Neighborhoods to Rent

Written by: Shannon Hilson

If you’re anything like me, the thought of San Francisco is synonymous with concepts like creativity, character, and quirky local style.

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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.