Cheap Apartments for Rent in the Downtown Los Angeles Neighborhood of Los Angeles, CA from $400 (90 Rentals)

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

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
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King Edward
Studio Apartments

King Edward

121 E 5th StLos Angeles, CA 90013
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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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553 Ceres Ave
Studio Apartments

553 Ceres Ave

553 Ceres AveLos Angeles, CA 90013

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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647 18th St
Studio Apartments

647 18th St

647 18th StLos Angeles, CA 90015
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Hotel Alexandria
Studio to 1 Bedroom Apartments

Hotel Alexandria

501-517 S Spring StLos Angeles, CA 90013
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Bristol Apartments
Studio Apartments

Bristol Apartments

423 W 8th StLos Angeles, CA 90014
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1723 James M Wood Blvd
Studio to 1 Bedroom Apartments

1723 James M Wood Blvd

1723 James M Wood BlvdLos Angeles, CA 90015
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1220 S Olive St
Studio to 1 Bedroom Apartments

1220 S Olive St

1220 S Olive StLos Angeles, CA 90015
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Bonnie Brae Village
1 to 2 Bedroom Apartments

Bonnie Brae Village

208 S Bonnie Brae StLos Angeles, CA 90057
Senior Living
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1329 W. 5th St.
Studio Apartments

1329 W. 5th St.

1329 W 5th StLos Angeles, CA 90017
  • Utilities Included

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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265 Columbia Ave
Studio Apartments

265 Columbia Ave

265 Columbia AveLos Angeles, CA 90026
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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. Beautiful Dormitory Style Housing Available 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
Beautiful Dormitory Style Housing Available0BR/1.0BAStudio,1BA$695
Hotel AlexandriaAlexandria Apartments 35%Studio,1BA$849
Huntington ApartmentsBachelor StudioStudio,1BA$900
Adams Hill Lofts LLCBachelor w/KitchenetteStudio,1BA$1,050
Lake Valley ApartmentsStudioStudio,1BA$1,100
Casa Loma LA ApartmentsStudioStudio,$1,195
San Lucas Apartments Age 62+StudioStudio,1BA$1,199
Waldorf ApartmentsStudioStudio,1BA$1,200
Landmark TowersEfficiency UnitStudio,1BA$1,233

Best Value Apartments for Rent in Downtown Los Angeles, CA

As of August 02, 2025 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
The Walnut BuildingModern Loft UnitsStudio ,1BA$2.01
The Mercantile Lofts1 Bedroom Loft - Plan 51BR,1BA$1.76
Hellman Lofts1BR/1.0BA1BR,1BA$1.55
City LoftsStudioStudio ,1BA$1.95
Gas Company LoftsStudio LoftStudio ,1BA$2.07
Lakeview Apartments1 bedroom 1 bath1BR,1BA$1.99
807 S Flower St1B/1B1BR,1BA$0.81
The Lofts at the Security Building Apartments01L2Studio ,1BA$2.05

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 #9

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 Beautiful Dormitory Style Housing Available 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 $2,085 at Promenade 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 215-225 Lucas Ave and starts from $2,699.

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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.