Cheap Homes for Rent in Downey, CA from $1,200 (19 Rentals)

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Search the lowest-cost Homes available for rent right now in Downey.

property at 10640 Gridley Rd

$1,700

Total Monthly Price

Total Monthly Price

Base Rent
$1,700

Total Monthly Price
$1,700

Studio, 1 Bath Home for Rent

Available Now

10640 Gridley Rd

Santa Fe SpringsCA90670

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

property at 5747 Jefferson Ave

$1,800

Total Monthly Price

Total Monthly Price

Base Rent
$1,800

Total Monthly Price
$1,800

1 Bedroom, 1 Bath Condo for Rent

Available Now

5747 Jefferson Ave

South GateCA90280

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

property at 4986 Southern Ave

$1,950

Total Monthly Price

Total Monthly Price

Base Rent
$1,950

Total Monthly Price
$1,950

1 Bedroom, 1 Bath Condo for Rent

Available Now

4986 Southern Ave

South GateCA90280
property at 4986 Southern Ave

$2,095

Total Monthly Price

Total Monthly Price

Base Rent
$2,095

Total Monthly Price
$2,095

1 Bedroom, 1 Bath Condo for Rent

Available Now

4986 Southern Ave

South GateCA90280

More Than Just Hollywood: A Local Expert's Deep Dive into LA Living

Moving to Los Angeles? Get an insider's view on desirable neighborhoods like Koreatown, Los Feliz, and NELA, plus crucial insight on LA's vast sprawl and transit.

Downey, CA Local Guide

Cheapest Available Downey Apartments for Rent

 

The cheapest available apartment rental in Downey, CA is a 1 Bed unit found at Tower Bellflower in the Southeast Los Angeles neighborhood priced from $1,545. Caribe in the Southeast Los Angeles neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,550. Here is today’s list of the most affordable Downey apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Tower BellflowerOne Bed1BR,1BA$1,545
CaribeStudioStudio,1BA$1,550
Townhouse ArtesiaStudioStudio,1BA$1,550
7466 Rosemead0 Bedroom 1 BathStudio,1BA$1,595
Seville ApartmentsStudioStudio,1BA$1,600

Best Value Apartments for Rent in Downey, CA

As of March 11, 2026 the best value apartment in the Downey area is the $1.85 price per square foot 3 Bed 2 Bath Model at 16141 Eucalyptus Ave in the in the Southeast Los Angeles neighborhood starting from $2,995. The second greatest value Downey apartment is the 2 Bed Model at 5017 Clara St starting at $2,795 with a $1.86 price per square foot in the Southeast Los Angeles neighborhood. Here is today’s list of the best values for Downey apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
16141 Eucalyptus Ave3 Bed 2 Bath3BR,2BA$1.85
5017 Clara St2 Bed2BR,2.5BA$1.86
Florentine ApartmentsAugusta2BR,2BA$2.26
Cornuta Pines Apartments2BD/1.5 BA2BR,1.5BA$2.16
Woodruff Place2x22BR,2BA$2.27
San Marcos Village ApartmentsThe Balboa1BR,1BA$1.93
New YorkerUnit 32BR,2BA$2.41
Le Chateau ApartmentsTwo Bedroom Apartment2BR,1BA$2.26
Alethea Apartments2 Bedroom2BR,1BA$2.35
7800 Madison St1 Bed, 1 bath1BR,1BA$2.37

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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A Local Expert's Top Neighborhood Guide for Renters While Attending Major Colleges and Universities in Los Angeles

Learn About the Best Neighborhoods to Rent Near College Campuses in Los Angeles, CA | Find Los Angeles Off-Campus Student Housing at ApartmentHomeLiving.com

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Downey

What type of rentals are currently available in Downey?

There are currently 1838 Apartments for Rent in Downey, CA with pricing that ranges from $1,395 to $4,300. There are also 69 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downey ranging from $1,200 to $7,900.

What is the current price range for Rental Homes in Downey?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Downey ranges from $1,200 to $7,900 with an average monthly rent of $2,799.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Helpful Local Expert Guides

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The 10 Best Affordable Neighborhoods in Los Angeles, CA

Written by: Rachel Presser

Los Angeles is a vast and vibrant city where modernity meets more than a century of fascinating history, in addition to being a global bastion for the entertainment industry and the arts.

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A Local Expert's Top Neighborhood Guide for Renters While Attending Major Colleges and Universities in Los Angeles

Written by: Rachel Presser

When most people think of collegiate destination cities, Boston and New York often come to mind in addition to smaller college towns.

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More Than Just Hollywood: A Local Experts Deep Dive into LA Living

Written by: Rachel Presser

Hi from LA! I’m Rachel, your ApartmentHomeLiving.com Local Expert for Los Angeles, CA.

Articles, How-To's, and Tips

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.