Terraces at the Lake
16550 Vanowen St,
Van Nuys, CA 91406
$2,800 - $3,150
2 Beds
Area Guide
Lake Balboa is an ethnically diverse, working- to middle-class neighborhood of Los Angeles located in the central San Fernando Valley. Most of the homes in the area were built post-World War II, though many residents have upgraded them substantially since them. The neighborhood attracts growing families because of its reasonable housing prices and proximity to the huge Balboa Park. In the center of the park sits Lake Balboa itself, after which the neighborhood takes its name. Reaching northward from the park, the Lake Balboa neighborhood has a pleasantly recreational vibe, thanks to the park and the many bike trails in the area.
As of August 2026, the average apartment rent in Lake Balboa is $1,745 for a studio, $1,804 for one bedroom, $2,268 for two bedrooms, and $2,555 for three bedrooms. Apartment rent in Lake Balboa has decreased by -0.6% in the past year.
Studio
327 sq ft
Average Sq Ft
$1,745/month
Average Rent
1 BR
574 sq ft
Average Sq Ft
$1,804/month
Average Rent
2 BR
828 sq ft
Average Sq Ft
$2,268/month
Average Rent
3 BR
1,260 sq ft
Average Sq Ft
$2,555/month
Average Rent
Explore how walkable, bikeable, drivable, and transit-friendly Lake Balboa - Los Angeles, CA is for everyday living.
Moderately Walkable
Walkability
Some Public Transit
Transit
Exceptionally Drivable
Drivability
Moderately Bikeable
Bikeability
In Lake Balboa - Los Angeles, CA, daily errands are quick and hassle-free.
Supermarket Within a 5 Minute Walk
Groceries
Great Restaurant Variety Nearby
Restaurants
Good Café Variety Nearby
Cafes
Great Variety of Shops Nearby
Shopping
Lake Balboa - Los Angeles, CA provides ample green space and fitness centers within easy reach.
Exceptional Amount of Park Space Nearby
Parks
Good Wellness Amenity Variety Nearby
Wellness
Get a sense of what it’s like to live in Lake Balboa - Los Angeles, CA from everyday activity to noise and nightlife.
Mostly Calm Atmosphere
Vibrancy
Good Nightlife Variety Nearby
Nightlife
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.