Cheap Apartments for Rent in the Balboa Park Neighborhood of San Diego, CA from $500 (114 Rentals)
Search the lowest-cost Apartments available for rent right now in the Balboa Park area of San Diego.

Vantaggio Little Italy

1808 Third Ave

Villa De Oro Apartments

WLA 509 Park

1556 Second Ave

3552 Grim Ave, Unit North Park Casita

Luther Tower - 55+ Affordable Community

3658 Marlborough Ave

Hilltop Terrace

The Marquis at Hillcrest

Horton 4th Avenue

Studios435: Furnished Studios with Modern ...

2782 Broadway

4057 Marlborough Ave

Azalea Garden Apartments

The Abington

Entrada

Hillside Apartments
Balboa Park, San Diego, CA Local Guide

How much does it cost to rent an apartment in Balboa Park?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Balboa Park Studio Apartments | $2,593 | $1,050 | $10,000+ |
Balboa Park 1 Bedroom Apartments | $3,275 | $1,550 | $10,000+ |
Balboa Park 2 Bedroom Apartments | $4,536 | $855 | $10,000+ |
Balboa Park 3 Bedroom Apartments | $6,266 | $3,195 | $10,000+ |
Balboa Park 4 Bedroom Apartments | $1,123 | $850 | $1,624 |
Browse Apartments in this Neighborhood
There are currently 114 rentals with your search options within a 2 mile radius of the Balboa Park Neighborhood of San Diego, CA.
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Balboa Park, San Diego, CA Local Guide
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Cheapest Available Balboa Park Apartments for Rent
 The cheapest available apartment rental in the Balboa Park area of San Diego, CA is a Studio unit found at 3942 8th Ave priced from $1,050. Peachtree Inn has the second lowest priced unit, which is a Studio apartment currently listed from $1,062. Here are the most affordable Balboa Park apartments for rent in San Diego, CA:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
3942 8th Ave | Studio | Studio, | $1,050 |
Peachtree Inn | Standard | Studio,1BA | $1,062 |
Vantaggio Little Italy | Small full size bed | Studio,1BA | $1,450 |
Windsor Apartments | Studio | Studio,1BA | $1,495 |
2715 44th St | Studio (nr) | Studio,1BA | $1,550 |
WLA Windsor | 0BR/1.0BA | Studio,1BA | $1,550 |
Union Grantville | B10 | 2BR,2BA | $1,595 |
2855-2865 A St | Studio NR | Studio,1BA | $1,599 |
The Marquis at Hillcrest | The University | Studio,1BA | $1,600 |
Horton 4th Avenue | Studios | Studio,1BA | $1,602 |
Best Value Apartments for Rent in Balboa Park, CA
As of March 29, 2025 the best value apartment in the Balboa Park area is the $2.20 price per square foot 6745 S Elman St Model at 6745 S Elman St, Unit 6745 S Elman in the in the Balboa Park neighborhood starting from $3,950. The second greatest value Balboa Park apartment is the 3x2 Model at South Park Place starting at $3,895 with a $2.57 price per square foot in the Balboa Park neighborhood. Here is today’s list of the best values for Balboa Park apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
6745 S Elman St, Unit 6745 S Elman | 6745 S Elman St | 3BR,2BA | $2.20 |
South Park Place | 3x2 | 3BR,2BA | $2.57 |
Lofts at 734 University Ave | Huge Loft Units | 1BR,1BA | $2.27 |
Arrive Broadway Lofts | Bond Studio | Studio ,1BA | $2.65 |
4587 Craigie St | 4587 Craigie St | 2BR,1BA | $2.56 |
Horton 4th Avenue | 1BD | 1BR,1BA | $2.69 |
787 11th Ave, Unit 787 11th Avenue | 787 11th Ave | 2BR,1BA | $2.34 |
Redwood Terrace | 1BR/1.0BA | 1BR,1BA | $2.23 |
Where Convenience meets Comfort at the Leo | One Bedroom One Bath | 1BR,1BA | $2.70 |
Golden Glen Apartments | 1 bed | 1BR,1BA | $2.68 |
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.
Pet Friendly LifestyleBalboa Park, San Diego, CA
Ranked #1
Among neighborhoods in San Diego, CA for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Balboa Park, San Diego, CA
San Diego International Studies
Roosevelt International Middle
School data provided by Great Schools
Best Local Schools in Balboa Park, San Diego, CA
San Diego International Studies
Roosevelt International Middle
School data provided by Great Schools
Lifestyle Ratings
ApartmentHomeLiving.com compiles millions of data points to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals and neighborhoods across the USA, including Balboa Park, San Diego, and the greater San Diego area. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including rankings of the best places for easy access to the parks, luxury amenities, places to raise kids, raising pets, transit options, and how walkable or bikeable each community and area is. These search options are in the site filters at the top of this page.
Frequently Asked Questions about Cheap Balboa Park Apartments
What is a cheap apartment in Balboa Park?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Balboa Park is under $1,602.
What is the price of a cheap apartment in Balboa Park?
The cheapest apartment in Balboa Park is 2707 Highland Ave which is listed at $1,699, while the average apartment in Balboa Park costs $5,500.
What types of apartments are the cheapest in Balboa Park?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 30 regular apartments in Balboa Park that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Balboa Park?
Cheap apartments in Balboa Park have an average cost of $1,123 which is $4,377 cheaper than the average rent for all rentals in Balboa Park.
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.

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.

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.

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.

How Your Move-In Inspection Can Protect Your Security Deposit
Written by: Christine Leonard, Esq.
If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.