'Apartments' are complete lodging structures, which are a part of the whole building. Apartments in Lake Balboa are often owned by the residents as co-operatives where they possess portions of a corporation or as apartments wherein the public spaces are shared by the residents of the apartments. In Lake Balboa apartments are used mostly for giving rents by the building possessor. Apartments come in quite inexpensive rates for rental purposes in Lake Balboa. There are different types of apartments which include one-bedroom, two-bedroom, three- bedroom, etc. In Lake Balboa more than three-bedroom flat is uncommon. Various facilities are there in all kinds of apartments.