Cheap Homes for Rent in Downey, CA from $1,500 (23 Rentals)

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

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.

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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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property at 16102 Cornuta Ave

16102 Cornuta Ave

BellflowerCA90706

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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property at 14127 Bayside Dr

14127 Bayside Dr

NorwalkCA90650
Showing Results 1-23, Page 1 of 1

Downey, CA Local Guide

Cheapest Available Downey Apartments for Rent

 

The cheapest available apartment rental in Downey, CA is a Studio unit found at ARTESIA (Garden) in the Southeast Los Angeles neighborhood priced from $1,425. 7466 Rosemead in the Southeast Los Angeles neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,495. Here is today’s list of the most affordable Downey apartments for rent:

Apartment ListingModel NameBed/BathPriced From
ARTESIA (Garden)Deluxe Studio ***$500 OFF YOUR MOVE-IN SPECIAL!...Studio,1BA$1,425
7466 Rosemead0 Bedroom 1 BathStudio,1BA$1,495
Downey West Garden Apartments0Studio,1BA$1,500
Seville ApartmentsStudioStudio,1BA$1,500
Fashion ParkStudioStudio,1BA$1,595

Best Value Apartments for Rent in Downey, CA

As of July 24, 2025 the best value apartment in the Downey area is the $1.91 price per square foot Augusta Model at Florentine Apartments in the in the Southeast Los Angeles neighborhood starting from $2,695. The second greatest value Downey apartment is the Two Bedroom Model at Norwalk Apartments starting at $2,700 with a $2.25 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.
Florentine ApartmentsAugusta2BR,2BA$1.91
Norwalk ApartmentsTwo Bedroom2BR,1.5BA$2.25
Cornuta Pines Apartments2BD/1.5 BA2BR,1.5BA$2.16
Florence Villas2 Bedroom2BR,2BA$2.34
San Marcos Village ApartmentsThe Balboa1BR,1BA$1.93
16131 Eucalyptus Ave2x12BR,1BA$2.08
5211 Live Oak St2 Beds, 1 bath2BR,1BA$2.43
Rosemead Place0x1Studio ,1BA$2.26
Indiana Avenue Apartments1x11BR,1BA$2.44
9090 Gardendale St, Unit Studio9090 Gardendale StStudio ,1BA$2.22

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Frequently Asked Questions about Downey

What type of rentals are currently available in Downey?

There are currently 1812 Apartments for Rent in Downey, CA with pricing that ranges from $1,365 to $4,300. There are also 81 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downey ranging from $1,550 to $6,500.

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 $1,550 to $6,500 with an average monthly rent of $2,845.

How much are larger Three and Four Bedroom Rentals in Downey?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Downey range from $2,295 to $4,300, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,995 to $6,500. Four Bedroom Single-Family rentals are also available starting from $3,495 and Four Bedroom Apartments start at $3,295.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.