Cheap Apartments for Rent in Los Angeles, CA from $300 (1,365 Rentals)

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property at 2943 Walton Ave

2943 Walton Ave

Los AngelesCA90007
Showing Results 1-50, Page 1 of 28

Los Angeles, CA Local Guide

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Written By:
Justin Habersaat
Editing Staff

Cheapest Neighborhoods for Apartments in Los Angeles, CA

Pricing Updated: 08/04/2025

Current apartment rentals in the Los Angeles, CA area range in price from $500 to $43,550 with an overall median price of $4,842. The three Los Angeles neighborhoods with the lowest median rent pricing are Five Points at $1,175, Live Oak Avenue at $1,650, and Lakeview Terrace at $1,650. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Los Angeles Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Five Points$1,175$1,1751
Live Oak Avenue$1,850$1,6506
Lakeview Terrace$1,875$1,6504
Bassett$1,940$1,9401
Norwood Village$2,075$1,9002
West Athens$2,095$1,5655
West Athens - Westmont$2,095$1,5658
Ramona$2,100$2,0004
West Side$2,100$1,6956
Central Alameda$2,150$1,9503

Cheapest Available Los Angeles Apartments for Rent

 

The cheapest available apartment rental in Los Angeles, CA is a 1 Bed unit found at 807 S Flower St in the City West neighborhood priced from $645. Beautiful Dormitory Style Housing Available in the City West neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $695. Here is today’s list of the most affordable Los Angeles apartments for rent:

Apartment ListingModel NameBed/BathPriced From
807 S Flower St1B/1B1BR,1BA$645
Beautiful Dormitory Style Housing Available0BR/1.0BAStudio,1BA$695
The Cabrillo (shared restroom)Studio with SHARED RESTROOMSStudio,$799
Hotel AlexandriaAlexandria Apartments 35%Studio,1BA$849
Furnished on Flint0BR/0.5BAStudio,$893
1811 Tamarind Apartments0BR/0.5BAStudio,$899
Huntington ApartmentsBachelor StudioStudio,1BA$900
Arpeggio1x1 AR1BR,1BA$981
Kipling ApartmentsA1Studio,1BA$985
san27490BR/1.0BAStudio,1BA$999

Best Value Apartments for Rent in Los Angeles, CA

As of August 04, 2025 the best value apartment in the Los Angeles area is the $0.57 price per square foot Private room at 1226 W37th Pl Model at 1224 W 37th Pl Student Housing in the in the Figueroa Corridor neighborhood starting from $1,338. The second greatest value Los Angeles apartment is the Lotus Model at Co/relate West Adams (Shared Apartments) starting at $1,350 with a $0.72 price per square foot in the Mid Wilshire neighborhood. Here is today’s list of the best values for Los Angeles apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1224 W 37th Pl Student HousingPrivate room at 1226 W37th Pl1BR,1BA$0.57
Co/relate West Adams (Shared Apartments)Lotus5BR,5BA$0.72
Centinela by CategoryPrivate Bedroom in Shared 6 Bed 4 Bath - D1BR,1BA$0.69
12126 Oxnard StStudioStudio ,1BA$0.91
Matteson by CategoryPrivate Bedroom in Shared 5 Bed 3 Bath-A1BR,1BA$0.89
433 Midvale - Student Housing at UCLAFloor Plan 33b (Shared Room)7BR,3BA$0.73
1515 Colby AveUnit 3074BR,3BA$1.10
1539 Beloit AveUnit 2114BR,3BA$1.06
Dos Diablos3BR/2.0BA3BR,2BA$1.15
807 S Flower St1B/1B1BR,1BA$0.81

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Los Angeles Overview

The City of Los Angeles, popularly known by its initials L.A., is the most populous city in the state of California, United States. This beautiful and vibrant city boasts excitement and offers many options in Los Angeles rentals from cheap apartments to high end luxury homes fit for celebrity life that all make it one of the best locations to settle on the west coast. Located in Southern California, Los Angeles is not only known as the entertainment capital of the American industry, but also as that of the world. L.A. boasts of a great ethnic diversity, an expansive metropolis, a great heritage displayed in over 100 museums, and a Mediterranean climate that makes it a paradise of great weather. Los Angeles is the place to be. In fact, L.A. is the only North American city that prides itself for hosting the Summer Olympics twice.

Why live in Los Angeles, CA?

L.A. is one of the best places to settle and live in. Life in apartments here is comfortable and affordable. Asides from the great weather that the residents of L.A. enjoy all-year through, there are plenty other factors that will draw you here. One is that L.A. is full of culture. There is a vibrant musical culture, thriving arts scene, film industry and of course television. Here, you will pretty much see any of your favorite bands or artist performing live. You even get the chance to see some acts before they become mega stars. L.A. also gives you unlimited access to fresh produce, high quality food, and exceptional restaurants of all types.

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

Explore Los Angeles, CA Rentals by Map

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Getting Around Los Angeles, CA

Walk Score®

83 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

66 / 100

Bikeable

Some bike infrastructure

Transit Score®

63 / 100

Good Transit

Many nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Los Angeles Apartments

What is a cheap apartment in Los Angeles?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Los Angeles is under $999.

What is the price of a cheap apartment in Los Angeles?

The cheapest apartment in Los Angeles is 807 S Flower St which is listed at $645, while the average apartment in Los Angeles costs $4,842.

What types of apartments are the cheapest in Los Angeles?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 3,783 regular apartments in Los Angeles that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Los Angeles?

Cheap apartments in Los Angeles have an average cost of $789 which is $4,053 cheaper than the average rent for all rentals in Los Angeles.

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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