Cheap Apartments for Rent in Los Angeles, CA from $300 (1,492 Rentals)

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Search the lowest-cost Apartments available for rent right now in Los Angeles.

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.

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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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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.

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property at 729 S Union Ave

$995

Studio To 1 Bedroom Rentals

Available Now

729 S Union Ave

Los AngelesCA90017

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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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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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: 03/09/2026

Current apartment rentals in the Los Angeles, CA area range in price from $645 to $100,000 with an overall median price of $5,290. The three Los Angeles neighborhoods with the lowest median rent pricing are Norwood Village at $960, Five Points at $1,175, and Belvedere at $1,580. 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
Norwood Village$960$9601
Five Points$1,175$1,1751
Belvedere$1,865$1,58047
Christmas Tree Lane$1,950$1,0003
Bassett$1,955$1,9551
Marceline$1,975$1,9751
East Compton$2,025$1,7503
West Side$2,095$1,59510
El Dorado$2,122$1,7501
Pelanconi$2,165$1,7465

Cheapest Available Los Angeles Apartments for Rent

 

The cheapest available apartment rental in Los Angeles, CA is a 1 Bed unit found at 501 Broadway in the Wilshire neighborhood priced from $587. 807 S Flower St in the City West neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $645. Here is today’s list of the most affordable Los Angeles apartments for rent:

Apartment ListingModel NameBed/BathPriced From
501 Broadway1x11BR,1BA$587
807 S Flower St1B/1B1BR,1BA$645
7050 Hawthorn – Apartments & Co-LivingD21BR,1BA$678
647 18th StStudio Shared BathroomsStudio,6BA$695
New Genesis ApartmentsStudioStudio,1BA$795
Huntington ApartmentsBachelor StudioStudio,1BA$800
Woodlake Apartments1 Bed 1 Bath1BR,1BA$801
Wilton by Category201 301 Private Bedroom 6 Bed 4 Bath A6BR,4BA$818

Best Value Apartments for Rent in Los Angeles, CA

As of March 09, 2026 the best value apartment in the Los Angeles area is the $0.26 price per square foot Coliving Model at Haven Coliving - Penmar in the in the Venice Beach neighborhood starting from $995. The second greatest value Los Angeles apartment is the 1500 Arapahoe St Model at 1500 Arapahoe St, Unit 1 starting at $700 with a $0.23 price per square foot in the Westlake 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.
Haven Coliving - PenmarColiving4BR,4BA$0.26
1500 Arapahoe St, Unit 11500 Arapahoe St3BR,3BA$0.23
1301 N Kingsley Dr, Unit 11301 N Kingsley Dr3BR,3BA$0.23
1349 W 23rd St, Unit 21349 W 23rd St5BR,5.5BA$0.51
10626 S. Budlong Ave.2/12BR,1BA$0.91
Co/relate West Adams (Shared Apartments)Lotus5BR,5BA$0.82
Beverly by CategoryPrivate Room in Shared 6 Bed 5 Bath (A)1BR,1BA$0.66
Centinela by CategoryPrivate Bedroom in Shared 6 Bed 3 Bath - A1BR,1BA$0.71
433 Midvale - Student Housing at UCLAFloor Plan 33a (Shared Room)7BR,3BA$0.77
807 S Flower St1B/1B1BR,1BA$0.81

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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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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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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See the most popular apartments and homes in Los Angeles, CA

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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 $818.

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

The cheapest apartment in Los Angeles is 501 Broadway which is listed at $587, while the average apartment in Los Angeles costs $5,290.

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 8,694 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 $705 which is $4,585 cheaper than the average rent for all rentals in Los Angeles.

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.