Cheap Apartments for Rent in the Downtown Los Angeles Neighborhood of Los Angeles, CA from $300 (116 Rentals)

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

LA Alternatives: Find the Perfect Commuter City for Renting in the Los Angeles Metro Area

Get more breathing room without compromising proximity to LA. Our Los Angeles local expert breaks down the best neighboring cities for renting more affordable apartments with easier commutes.

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property at 1527 4th St

$1,450 - $1,800

Studio To 1 Bedroom Rentals

Available Now

1527 4th St

Los AngelesCA90017

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

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Promenade Towers
Rent Specials
$1,485 - $2,871
Total Monthly Price

Total Monthly Price

Base Rent
$1,485 - $2,871
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Studio to 2 Bedroom Apartments Available Now

Promenade Towers

123 S Figueroa StLos Angeles, CA 90012
Corporate Housing
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King Edward
Studio Apartments

King Edward

121 E 5th StLos Angeles, CA 90013
  • Utilities Included
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Ballington Plaza
Studio Apartments

Ballington Plaza

622 Wall StLos Angeles, CA 90014
Senior Living
  • Utilities Included

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Downtown Los Angeles, Los Angeles, CA Local Guide

Cheapest Available Downtown Los Angeles Apartments for Rent

 

The cheapest available apartment rental in the Downtown Los Angeles area of Los Angeles, CA is a 1 Bed unit found at 807 S Flower St priced from $645. Huntington Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $800. Here are the most affordable Downtown Los Angeles apartments for rent in Los Angeles, CA:

Apartment ListingModel NameBed/BathPriced From
807 S Flower St1B/1B1BR,1BA$645
Huntington ApartmentsBachelor StudioStudio,1BA$800
Alexandria ApartmentsAlexandria Apartments 30%Studio,1BA$874
The Charleston Apartments0 Bed/1 Bath BStudio,1BA$995
Villa MetropolitanoStudioStudio,1BA$1,031
Hope ManorStudioStudio,1BA$1,084
409 S Union Ave0 Beds, 1 BathsStudio,1BA$1,089
1220 S. Olive St.Studio. 1 Bath. 0 HalfStudio,1BA$1,095
Waldorf ApartmentsStudioStudio,1BA$1,100
Adams Hill LoftsBachelor w/KitchenetteStudio,1BA$1,125

Best Value Apartments for Rent in Downtown Los Angeles, CA

As of August 17, 2026 the best value apartment in the Downtown Los Angeles area is the $1.20 price per square foot 621 S Broadway Model at 621 S Broadway, Unit 3 in the in the City West neighborhood starting from $2,650. The second greatest value Downtown Los Angeles apartment is the 420 S San Pedro St Model at 420 S San Pedro St, Unit 103 starting at $3,600 with a $1.77 price per square foot in the City West neighborhood. Here is today’s list of the best values for Downtown Los Angeles apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
621 S Broadway, Unit 3621 S Broadway2BR,1BA$1.20
420 S San Pedro St, Unit 103420 S San Pedro St1BR,1BA$1.77
Spring Tower Lofts2 Beds 1 Bath2BR,1BA$1.90
725-729 S Spring StLoftsStudio ,1BA$1.66
1725 W. 6th StLoftStudio ,1BA$1.38
720 Bartlett St2 Bedroom 1 Bath2BR,1BA$1.77
Crystal House Apartments1 BD/ 1BA1BR,1BA$2.00
Gas Company LoftsStudio LoftStudio ,1BA$2.01
807 S Flower St1B/1B1BR,1BA$0.81
The Lorenzo Student Housing1x1 - Botticelli1BR,1BA$1.82

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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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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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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Pet Friendly Lifestyle
Downtown Los Angeles, Los Angeles, CA

Ranked #12

Among cities in California for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Downtown Los Angeles, Los Angeles, CA

School data provided by Great Schools

Lifestyle Ratings

Our team works hard to bring you Lifestyle Ratings of rentals and neighborhoods across the USA, including Los Angeles. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including searching for the best amenities, and outdoor amenities like tennis courts, pet-friendly features, apartment complexes for the kids, proximity to transit, and more. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Downtown Los Angeles Apartments

What is a cheap apartment in Downtown Los Angeles?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Los Angeles is under $1,125.

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

The cheapest apartment in Downtown Los Angeles is 807 S Flower St which is listed at $645, while the average apartment in Downtown Los Angeles costs $2,680.

What types of apartments are the cheapest in Downtown 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 57 regular apartments in Downtown 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 Downtown Los Angeles?

Cheap apartments in Downtown Los Angeles have an average cost of $109 which is $2,571 cheaper than the average rent for all rentals in Downtown 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.

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