Cheap Apartments for Rent in the Downtown Los Angeles Neighborhood of Los Angeles, CA from $300 (98 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Downtown Los Angeles area of 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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property at 729 S Union Ave

$995

Studio To 1 Bedroom Rentals

Available Now

729 S Union Ave

Los AngelesCA90017

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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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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King Edward
Studio Apartments

King Edward

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

Ballington Plaza

622 Wall StLos Angeles, CA 90014
Senior Living
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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
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1511 W 4th
Studio to 1 Bedroom Apartments

1511 W 4th

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

Washington 722 TOD

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

553 Ceres Ave

553 Ceres AveLos Angeles, CA 90013

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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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 Private BathStudio,1BA$695
New Genesis ApartmentsStudioStudio,1BA$795
Huntington ApartmentsBachelor StudioStudio,1BA$800
Beautiful Dormitory Style Housing Available0BR/1.0BAStudio,1BA$845
Alexandria ApartmentsAlexandria Apartments 35%Studio,1BA$927
729 S. Union Ave.Great Studio apartment home for rent near Downt...Studio,1BA$995
Adams Hill LoftsBachelor w/KitchenetteStudio,1BA$1,053
Royal VikingStudio 2Studio,1BA$1,095
Commodore Regency ApartmentsStudioStudio,1BA$1,095

Best Value Apartments for Rent in Downtown Los Angeles, CA

As of February 01, 2026 the best value apartment in the Downtown Los Angeles area is the $1.34 price per square foot 621 S Broadway Model at 621 S Broadway, Unit 3 in the in the City West neighborhood starting from $2,950. The second greatest value Downtown Los Angeles apartment is the 3 Beds 1 Bath Model at Spring Tower Lofts starting at $3,800 with a $1.90 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$1.34
Spring Tower Lofts3 Beds 1 Bath3BR,1BA$1.90
Tailor Lofts5 bedroom / 2 bath Plan P5BR,2BA$1.98
The Walnut BuildingModern Loft UnitsStudio ,1BA$2.01
RiverFront live - Work Lofts1 Bedroom, 1 Bath Loft Style1BR,1BA$1.69
The Lofts at the Security Building Apartments22L12BR,2BA$2.03
1285 Vin Scully Ave, Unit 51285 Vin Scully Ave2BR,2BA$2.00
807 S Flower St1B/1B1BR,1BA$0.81
Lakeview Apartments1 bedroom 1 bath1BR,1BA$1.99
The Lorenzo Student Housing1x1 - Botticelli1BR,1BA$1.78

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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Pet Friendly Lifestyle
Downtown Los Angeles, Los Angeles, CA

Ranked #13

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 701 N. Hill Pl..

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.

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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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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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.