MODERNO Axis Luxury Living
7650 Van Nuys Blvd,
Van Nuys, CA 91405
$2,128 - $2,489
Studio - 1 Bed
Rental Market Trends in Lake Balboa, CA
What is the average rent in Lake Balboa, CA?
$1,832/month
Average Rent
590 Sq Ft
Average Apartment Size
-5.4%
Decrease in the Last Year
As of March 2026, the average rent in Lake Balboa, CA is $1,832 per month. For comparison, the national average rent price in the US is currently $1,626/month, which means Lake Balboa rent prices are 13% higher than the national average. When you rent an apartment in Lake Balboa, you can expect to pay about $1,695 per month for a studio, $1,832 for a one-bedroom apartment, and around $2,719 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,782 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Lake Balboa, CA?
In the past year, rent has decreased by 5.4%, which averages out to $98 less per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated March 2026
Legend
2025
2026
Rent Ranges in Lake Balboa, CA
Last Updated March 2026
Above $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
0%
$1,001 - $1,500/month
25%
$1,501 - $2,000/month
75%
Above $2,000/month
What salary do I need to live comfortably in Lake Balboa, CA?
Because the average rent in Lake Balboa is $1,832, you’ll want to make about $6,106 per month or $73,272 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Lake Balboa, CA compare to other nearby cities and neighborhoods?
Use the tool below to compare Lake Balboa, CA to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Nearby City Rent Trends
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Methodology
† 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 February 2026.
* Percentages may not total 100 due to rounding.