Techniques for dynamic configuration of a load balancer in a virtual network environment are described. In one example embodiment, load balancing rules are configured using virtual machine (VM) inventory objects. The configured load balancing rules are then transformed by replacing the VM inventory objects in the configured load balancing rules with associated Internet protocol (IP) addresses using an IP address management (IPAM) table or a network address translation (NAT) table. The transformed load balancing rules are then sent to the load balancer for load balancing network traffic between a plurality of VMs running on one or more host computing systems in one or more computing networks.