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Rental Market Trends in Lake Balboa, CA

What is the average rent in Lake Balboa, CA?

$1,862/month

Average Rent

585 Sq Ft

Average Apartment Size

-0.4%

Decrease in the Last Year

As of December 2025, the average rent in Lake Balboa, CA is $1,862 per month. For comparison, the national average rent price in the US is currently $1,631/month, which means Lake Balboa rent prices are 14% higher than the national average. When you rent an apartment in Lake Balboa, you can expect to pay about $1,692 per month for a studio, $1,862 for a one-bedroom apartment, and around $2,715 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,776 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$1,692/month
404 Sq Ft
One Bedroom
$1,862/month
585 Sq Ft
Two Bedroom
$2,715/month
1,189 Sq Ft
Three Bedroom
$2,776/month
1,297 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$2,173/month
515 Sq Ft
Two Bedroom
$4,402/month
908 Sq Ft
Three Bedroom
$4,689/month
1,469 Sq Ft
Four Bedroom
$9,506/month
2,390 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$2,052/month
579 Sq Ft
Two Bedroom
$2,755/month
859 Sq Ft
Three Bedroom
$3,836/month
1,333 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$3,169/month
1,234 Sq Ft
Three Bedroom
$3,818/month
1,615 Sq Ft

How much has average rent changed in Lake Balboa, CA?

In the past year, rent has decreased by 0.4%, which averages out to $6 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 December 2025
Legend
2024 2025
Market Trends Over Time

What salary do I need to live comfortably in Lake Balboa, CA?

Because the average rent in Lake Balboa is $1,862, you’ll want to make about $6,206 per month or $74,472 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.

City

Lake Balboa, CA

1,148 Available Apartments for Rent

Search for Nearby Apartments

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.

Explore the Area Guide for Lake Balboa, CA

Apartment Averages

Nearby City Rent Trends

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Apartment communities in Lake Balboa we think you'll love

4378 Sepulveda Blvd

4378 Sepulveda Blvd

4378 Sepulveda Blvd,
Sherman Oaks, CA 91403

$1,798 - $2,598

1-2 Beds

MODERNO Axis Luxury Living

MODERNO Axis Luxury Living

7650 Van Nuys Blvd,
Van Nuys, CA 91405

$2,204 - $2,279

1 Bed

The Brightly

The Brightly

6569-6581 N Van Nuys Blvd,
Van Nuys, CA 91401

$2,100 - $3,402

Studio - 2 Beds

The Palms Apartments

The Palms Apartments

15120 Victory Blvd,
Van Nuys, CA 91411

$1,525

Studio

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United States California Lake Balboa Rental Trends

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 November 2025.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity