Cheap Apartments for Rent in the Downtown Los Angeles Neighborhood of Los Angeles, CA from $300 (97 Rentals)

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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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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Promenade Towers
Rent Specials
$1,382 - $3,201
Total Monthly Price

Total Monthly Price

Base Rent
$1,382 - $3,201
Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Promenade Towers

123 S Figueroa StLos Angeles, CA 90012
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

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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Museum Tower
Rent Specials
$1,496 - $8,458
Total Monthly Price

Total Monthly Price

Base Rent
$1,496 - $8,458
Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

Museum Tower

225 S Olive StLos Angeles, CA 90012
Furnished
  • Verified
  • Customer Reviewed
  • Utilities Included
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King Edward
Studio Apartments

King Edward

121 E 5th StLos Angeles, CA 90013
  • Utilities Included

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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Ballington Plaza
Studio Apartments

Ballington Plaza

622 Wall StLos Angeles, CA 90014
Senior Living
  • Utilities Included
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1036 N Bonnie Brae St
1 to 2 Bedroom Apartments

1036 N Bonnie Brae St

1036 N Bonnie Brae StLos Angeles, CA 90026
  • Utilities Included
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1511 W 4th
Studio to 1 Bedroom Apartments

1511 W 4th

1511 W 4th StLos Angeles, CA 90017
  • Utilities Included
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Washington 722 TOD
1 to 3 Bedroom Apartments

Washington 722 TOD

722-736 E Washington BlvdLos Angeles, CA 90021
  • Utilities Included
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553 Ceres Ave
Studio Apartments

553 Ceres Ave

553 Ceres AveLos Angeles, CA 90013
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631 S Bonnie Brae St
Studio to 2 Bedroom Apartments

631 S Bonnie Brae St

631 S Bonnie Brae StLos Angeles, CA 90057
  • Utilities Included
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Villas Del Lago
1 to 3 Bedroom Apartments

Villas Del Lago

456 S Lake StLos Angeles, CA 90057
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Westlake Terrace
Studio to 1 Bedroom Apartments

Westlake Terrace

116 N Lake StLos Angeles, CA 90026
Senior Living
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Bristol Apartments
Studio Apartments

Bristol Apartments

423 W 8th StLos Angeles, CA 90014
  • Utilities Included
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1220 S Olive St
Studio to 1 Bedroom Apartments

1220 S Olive St

1220 S Olive StLos Angeles, CA 90015

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Showing Results 1-50, Page 1 of 2

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. 647 18th St has the second lowest priced unit, which is a Studio apartment currently listed from $695. 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
647 18th StStudio Shared BathroomsStudio,6BA$695
Huntington ApartmentsBachelor StudioStudio,1BA$800
Alexandria ApartmentsAlexandria Apartments 35%Studio,1BA$927
The Charleston Apartments0 Bed/1 Bath BStudio,1BA$995
Villa MetropolitanoStudioStudio,1BA$1,031
Adams Hill LoftsBachelor w/KitchenetteStudio,1BA$1,053
Hope ManorStudioStudio,1BA$1,084
526 S Union Avenue0+1Studio,1BA$1,095
Lake Valley ApartmentsStudioStudio,1BA$1,100

Best Value Apartments for Rent in Downtown Los Angeles, CA

As of June 22, 2026 the best value apartment in the Downtown Los Angeles area is the $1.90 price per square foot 2 Beds 1 Bath Model at Spring Tower Lofts in the in the City West neighborhood starting from $3,800. The second greatest value Downtown Los Angeles apartment is the Modern Loft Units Model at The Walnut Building starting at $3,500 with a $2.01 price per square foot in the Downtown Los Angeles 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.
Spring Tower Lofts2 Beds 1 Bath2BR,1BA$1.90
The Walnut BuildingModern Loft UnitsStudio ,1BA$2.01
Union LoftsThe Greenback2BR,1.5BA$2.05
Thurman Lofts2 Bedroom 2 Bath2BR,2BA$1.58
725-729 S Spring StLoftsStudio ,1BA$1.66
720 Bartlett St2 Bedroom 1 Bath2BR,1BA$1.77
Randolph Lofts1 Bedroom 1.5 Bath1BR,1.5BA$1.78
Gas Company LoftsStudio LoftStudio ,1BA$2.00
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 #11

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 the Cheapest Studio apartment in Downtown Los Angeles?

Currently the most affordable Cheap Studio Apartment in Downtown Los Angeles is at 647 18th St listed at $695.

How much is rent for a Cheap One Bedroom Downtown Los Angeles Apartment?

The lowest price for a Cheap One Bedroom Downtown Los Angeles Apartment is $645 at 807 S Flower St.

What is the lowest price for a Cheap Two Bedroom Downtown Los Angeles Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Downtown Los Angeles is starting from $1,995 at Landmark Towers.

What is the most affordable Downtown Los Angeles Three Bedroom Apartment?

The best deal on a cheap Downtown Los Angeles Three Bedroom Apartment rental is at Tailor Lofts and starts from $2,500.

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.

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

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.

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The LA Price Check: Separating Cost of Living Myth from Reality

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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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.