Apartments for Rent in Lake Balboa, Los Angeles, CA

Lake Balboa, Los Angeles apartment availability

Lake Balboa's rental market offers a strong selection of listings, with an average of 170 rentals available each month in 2024. The neighborhood's inventory is relatively balanced, with 1-bedroom, 2-bedroom, and 3-bedroom apartments making up the majority of listings. Many of these apartments offer desirable amenities, including dishwashers, on-site laundry, and air conditioning, which are available in approximately 48%, 53%, and 47% of rentals, respectively. With a range of options to suit different needs and preferences, Lake Balboa is a viable choice for renters seeking a convenient and comfortable living situation.

Lake Balboa, Los Angeles rental market trends

Lake Balboa's rental market is experiencing a decline in prices, making it a more affordable option for renters. The average monthly rent across all property types in 2024 decreased by 6.1% from the previous year to around $2,258. 1-bedrooms saw a 3% drop, averaging $1,844 per month, while 2-bedrooms now rent for around $2,425, and studios for $1,766.

The most expensive month to rent in Lake Balboa is April, with prices 13.9% higher than in February, the least expensive month. This trend suggests that renters may find better deals during the winter months. With a decrease in rent prices across the board, Lake Balboa is becoming a more attractive option for those looking for affordable housing in Los Angeles.

Why Lake Balboa, Los Angeles is a great place to live

Lake Balboa is a top choice for renters who prioritize pet friendliness and social living. According to data, apartments in Lake Balboa often feature pet-friendly amenities such as outdoor space, pet-safe windows, and no breed restrictions, making it an ideal neighborhood for pet owners. Additionally, the area's dog parks and pet events further cater to furry friends. Lake Balboa's social scene is also thriving, thanks to its strong street infrastructure, frequent transit options, and high walk score, making it easy to get around and meet up with friends. The neighborhood's age distribution and safety record also contribute to its appeal for renters seeking a lively community. Overall, Lake Balboa offers a unique blend of pet-friendly and social living, making it a desirable destination for renters with these priorities.