Cheap Homes for Rent in Simi Valley, CA from $1,400 (8 Rentals)

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Search the lowest-cost Homes available for rent right now in Simi Valley.

property at 1850 Buyers St

1850 Buyers St

Simi ValleyCA93063
property at 1091 Cavalier Ave

1091 Cavalier Ave

Simi ValleyCA93065

Simi Valley, CA Local Guide

Cheapest Neighborhoods for Apartments in Simi Valley, CA

Pricing Updated: 03/21/2025

Current apartment rentals in the Simi Valley, CA area range in price from $1,407 to $15,000 with an overall median price of $7,594. The three Simi Valley neighborhoods with the lowest median rent pricing are East Simi Valley at $2,350, Central Simi Valley at $1,407, and Brentwood in Simi Valley at $2,500. Here is today’s list of the top 5 neighborhoods with the lowest median pricing for Simi Valley Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
East Simi Valley$4,695$2,35087
Central Simi Valley$5,300$1,407223
Brentwood in Simi Valley$7,025$2,50057
Woodranch$9,000$2,295259
Big Sky: Castlewood$11,950$1,407240

Cheapest Available Simi Valley Apartments for Rent

 

The cheapest available apartment rental in Simi Valley, CA is a 1 Bed unit found at Meadowood in the Big Sky: Castlewood neighborhood priced from $2,189. Sage Creek Apartment Homes in the East Simi Valley neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,190. Here is today’s list of the most affordable Simi Valley apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Meadowood1 Bed 1 Bath1BR,1BA$2,189
Sage Creek Apartment Homes1BR/1BA1BR,1BA$2,190
Baywood Apartments1 Bedroom 1 Bath1BR,1BA$2,195

Best Value Apartments for Rent in Simi Valley, CA

As of March 21, 2025 the best value apartment in the Simi Valley area is the $2.65 price per square foot 2 Bed 2 Bath (A) Model at Sofi Topanga Canyon in the in the Rancho Paso Fino in Chatsworth neighborhood starting from $2,871. The second greatest value Simi Valley apartment is the B1 Model at IMT Summerset Village starting at $3,265 with a $3.35 price per square foot in the San Fernando Valley neighborhood. Here is today’s list of the best values for Simi Valley apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Sofi Topanga Canyon2 Bed 2 Bath (A)2BR,2BA$2.65
IMT Summerset VillageB12BR,2BA$3.35
IMT Wood RanchB12BR,1BA$2.82
1750 On First Apartment Homes2BR/1BA2BR,1BA$3.09
Westcreek Apartments1 Bedroom1BR,1BA$3.39
Mountain View Properties1 Bed 1 Bath1BR,1BA$3.25
Hidden ValleyA11BR,1BA$3.24
Baywood Apartments1 Bedroom 1 Bath1BR,1BA$3.17
Sofi at Wood RanchONE BEDROOM1BR,1BA$3.21
Sage Creek Apartment Homes1BR/1BA1BR,1BA$3.37

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Frequently Asked Questions about Simi Valley

What type of rentals are currently available in Simi Valley?

There are currently 111 Apartments for Rent in Simi Valley, CA with pricing that ranges from $1,407 to $5,864. There are also 74 Single Family Homes for rent, Condos, and Townhome rentals currently available in Simi Valley ranging from $1,407 to $52,500.

What is the current price range for Rental Homes in Simi Valley?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Simi Valley ranges from $1,407 to $52,500 with an average monthly rent of $9,881.

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

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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What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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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.