Cheap Apartments for Rent in the Balboa Park Neighborhood of San Diego, CA from $500 (113 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Balboa Park area of San Diego.

property at 1808 Third Ave

1808 Third Ave

San DiegoCA92101
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Versa
Studio to 2 Bedroom Apartments

Versa

2355 Via AltaSan Diego, CA 92108
Senior Living
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Santa Fe Manor
1 Bedroom Apartments

Santa Fe Manor

3835 Swift AveSan Diego, CA 92104
Senior Living
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14th Street
Studio to 1 Bedroom Apartments

14th Street

1028 14th StSan Diego, CA 92101
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Casa De Lago
1 to 3 Bedroom Apartments

Casa De Lago

4145 Iowa StSan Diego, CA 92104
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DL Dodson
1 Bedroom Apartments

DL Dodson

510 Dodson StSan Diego, CA 92102
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Metro Villas Apartments
1 to 4 Bedroom Apartments

Metro Villas Apartments

4031-4091 39th StSan Diego, CA 92105
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Indiana Palms
1 Bedroom Apartments

Indiana Palms

3621 Indiana StSan Diego, CA 92103
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Hillcrest Inn
Studio Apartments

Hillcrest Inn

3754 5th AveSan Diego, CA 92103
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Vantaggio Broadway
Studio to 2 Bedroom Apartments

Vantaggio Broadway

2650 BroadwaySan Diego, CA 92102
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4576-4580 32nd St
Studio to 2 Bedroom Apartments

4576-4580 32nd St

4576-4580 32nd StSan Diego, CA 92116
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Aldea at Hamilton
1 to 2 Bedroom Apartments

Aldea at Hamilton

3962 Hamilton StSan Diego, CA 92104
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630 W Washington St
Studio to 1 Bedroom Apartments

630 W Washington St

630 W Washington StSan Diego, CA 92103
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563 22nd St
Studio to 1 Bedroom Apartments

563 22nd St

563 22nd StSan Diego, CA 92102
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Showing Results 1-50, Page 1 of 3

Balboa Park, San Diego, CA Local Guide

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 ListingModel NameBed/BathPriced From
3942 8th AveStudioStudio,$1,050
Peachtree InnStandardStudio,1BA$1,062
Vantaggio Little ItalySmall full size bedStudio,1BA$1,450
WLA Windsor0BR/1.0BAStudio,1BA$1,550
Luther Tower - 55+ Affordable CommunityStudioStudio,1BA$1,551
Union GrantvilleB102BR,2BA$1,595
The Marquis at HillcrestThe UniversityStudio,1BA$1,600
Horton 4th AvenueStudiosStudio,1BA$1,602
Overlook Point ApartmentsStudio Upgraded FlooringStudio,1BA$1,635

Best Value Apartments for Rent in Balboa Park, CA

As of April 13, 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 ListingModel NameBed/BathPrice Per Sq.Ft.
6745 S Elman St, Unit 6745 S Elman6745 S Elman St3BR,2BA$2.20
South Park Place3x23BR,2BA$2.57
Lofts at 734 University AveHuge Loft Units1BR,1BA$2.27
2476 A St, Unit 02476 A St2BR,1BA$2.46
3635 Cherokee Ave3635 Cherokee Ave3BR,1.5BA$1.04
4587 Craigie St4587 Craigie St2BR,1BA$2.56
Villa De Oro Apartments2 bedrooms2BR,1BA$2.63
787 11th Ave, Unit 787 11th Avenue787 11th Ave2BR,1BA$2.34
Redwood Terrace1BR/1.0BA1BR,1BA$2.23
Hillside ApartmentsStandard1BR,1BA$2.40

Quick Rent Budget Calculator

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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
Balboa Park, San Diego, CA

Ranked #1

Among neighborhoods in San Diego, CA for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Balboa Park, San Diego, CA

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 $1,635.

What is the price of a cheap apartment in Balboa Park?

The cheapest apartment in Balboa Park is Redwood Terrace which is listed at $1,695, 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 33 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 $1,033 which is $4,467 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.

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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.

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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.