Cheap Homes for Rent in Lake Balboa, CA from $1,200 (48 Rentals)

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Search the lowest-cost Homes available for rent right now in Lake Balboa.

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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property at 8108 Langdon Ave

8108 Langdon Ave

Los AngelesCA91406
property at 6640 Woodley Ave

6640 Woodley Ave

Los AngelesCA91406

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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property at 15286 Sutton St

15286 Sutton St

Los AngelesCA91403

Los Angeles's Best Affordable Neighborhoods

Learn about Los Angeles and the best places to live with original content written by our Los Angeles, CA Local Expert Rachel Presser

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property at 5730 Yolanda Ave

5730 Yolanda Ave

Los AngelesCA91356
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Lake Balboa, CA Local Guide

Cheapest Available Lake Balboa Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lake Balboa, CA is a Studio unit found at Meridian Pointe Apartments in the North San Fernando Valley neighborhood priced from $1,175. Tarzana Courtyard in the Country Club Estates at Moorpark neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,311. Here is today’s list of the most affordable Lake Balboa apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Meridian Pointe ApartmentsCSUN Student Studio Apartment with Shared BathroomStudio,1BA$1,175
Tarzana CourtyardMedium StudioStudio,1BA$1,311
8742 Orion0x1Studio,1BA$1,350
Summer Breeze ApartmentsExecutive StudioStudio,1BA$1,395
Diamond PointeStudioStudio,1BA$1,450
Green Court ApartmentsSingleStudio,1BA$1,495
Southoaks Pointe ApartmentsStudioStudio,1BA$1,500

Best Value Apartments for Rent in Lake Balboa, CA and Nearby

As of May 19, 2025 the best value apartment in the Lake Balboa area is the $1.11 price per square foot Large 2 Bedroom 2 Bath Model at 5810 Yolanda Ave in the in the Country Club Estates at Moorpark neighborhood starting from $2,200. The second greatest value Lake Balboa apartment is the 2X2.5 Model at Kester View starting at $3,662 with a $1.93 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.
5810 Yolanda AveLarge 2 Bedroom 2 Bath2BR,2BA$1.11
Kester View2X2.52BR,2.5BA$1.93
Yaya Valerio2 Bedroom 2 Bathroom2BR,2BA$1.93
6643 Haskell Avenue3BR/2.0BA3BR,2BA$1.89
6651 Haskell Ave2BR/2.0BA2BR,2BA$1.75
Encino Oakbrook1 Bed1BR,1BA$1.95
Casa Bella Apartments2 Bedroom2BR,1BA$2.04
9204 Sepulveda Blvd, Unit 99204 Sepulveda Blvd2BR,1BA$1.95
8530 Cedros Ave, Unit 3168530 Cedros Ave1BR,1BA$1.96
Sun TerraceLarge Loft1BR,1BA$2.03

Quick Rent Budget Calculator

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Frequently Asked Questions about Lake Balboa

What type of rentals are currently available in Lake Balboa?

There are currently 3016 Apartments for Rent in Lake Balboa, CA with pricing that ranges from $1,175 to $12,950. There are also 318 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Balboa ranging from $1,200 to $79,000.

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 $1,200 to $79,000 with an average monthly rent of $13,073.

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 $2,400 to $8,400, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,900 to $20,000. Four Bedroom Single-Family rentals are also available starting from $1,200 and Four Bedroom Apartments start at $3,635.

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.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.