
Cheap Apartments for Rent in the Lake Balboa Neighborhood of Van Nuys, CA from $500 (22 Rentals)
Search the lowest-cost Apartments available for rent right now in the Lake Balboa area of Van Nuys.

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Lake Balboa, Van Nuys, CA Local Guide

How much does it cost to rent an apartment in Lake Balboa?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Lake Balboa Studio Apartments | $1,776 | $1,305 | $2,200 |
Lake Balboa 1 Bedroom Apartments | $2,110 | $1,655 | $2,876 |
Lake Balboa 2 Bedroom Apartments | $2,753 | $2,010 | $3,318 |
Lake Balboa 3 Bedroom Apartments | $2,957 | $2,350 | $3,715 |
Browse Apartments in this Neighborhood
There are currently 22 rentals with your search options within a 2 mile radius of the Lake Balboa Neighborhood of Van Nuys, CA.
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Lake Balboa, Van Nuys, CA Local Guide
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Cheapest Available Lake Balboa Apartments for Rent
 The cheapest available apartment rental in the Lake Balboa area of Van Nuys, CA is a 1 Bed unit found at Valerio-15636 priced from $1,650. Concord Square Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,663. Here are the most affordable Lake Balboa apartments for rent in Van Nuys, CA:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Valerio-15636 | 1Bed1Ba | 1BR,1BA | $1,650 |
Concord Square Apartments | Studio | Studio,1BA | $1,663 |
Terrace Pointe Apartments | 1 Bedroom | 1BR,1BA | $1,690 |
Green Court Garden Apartments | 1 bedroom + 1 bathroom | 1BR,1BA | $1,695 |
The Brightly | Studio Plan A-3rd Floor~Courtyard | Studio,1BA | $1,708 |
Best Value Apartments for Rent in Lake Balboa, CA
As of April 13, 2025 the best value apartment in the Lake Balboa area is the $2.16 price per square foot B4 Model at 6940 Sepulveda in the in the West Van Nuys neighborhood starting from $3,042. The second greatest value Lake Balboa apartment is the 3BR/2.0BA Model at 6643 Haskell Avenue starting at $2,598 with a $1.92 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
6940 Sepulveda | B4 | 2BR,2BA | $2.16 |
6643 Haskell Avenue | 3BR/2.0BA | 3BR,2BA | $1.92 |
La Croix Apartments | 2 Bedroom 1.5 Bath Townhouse | 2BR,1.5BA | $1.69 |
White Oak Gardens | B Floor Plan | 2BR,2BA | $2.31 |
6651 Haskell Ave | 2BR/2.0BA | 2BR,2BA | $1.75 |
7308 Haskell Ave, Unit 13 | 7308 Haskell Ave | 3BR,2BA | $2.42 |
Encino Majestic | 1 Bed, 1 bath | 1BR,1BA | $2.29 |
Amanda Regency Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $2.29 |
Latitude Apartments | one bedroom | 1BR,1BA | $2.22 |
Cabrito Apartments | Studio | Studio ,1BA | $2.40 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleLake Balboa, Van Nuys, CA
Ranked #1
Among neighborhoods in Van Nuys, CA for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Lake Balboa, Van Nuys, CA
Gault Street Elementary
William Mulholland Middle
School data provided by Great Schools
Getting Around the Lake Balboa Neighborhood in Van Nuys, CA
Walk Score®
73 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
54 / 100
Bikeable
Some bike infrastructure
Transit Score®
44 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Lake Balboa Apartments
What is a cheap apartment in Lake Balboa?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Lake Balboa is under $1,800.
What is the price of a cheap apartment in Lake Balboa?
The cheapest apartment in Lake Balboa is Terrace Pointe Apartments which is listed at $1,690, while the average apartment in Lake Balboa costs $2,795.
What types of apartments are the cheapest in Lake Balboa?
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 6 regular apartments in Lake Balboa 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 Lake Balboa?
Cheap apartments in Lake Balboa have an average cost of $116 which is $2,679 cheaper than the average rent for all rentals in Lake Balboa.
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.