Cheap Homes for Rent in Downtown Los Angeles Neighborhood of Los Angeles, CA from $700 (36 Rentals)

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

property at 312 W 5th St

312 W 5th St

Los AngelesCA90013
property at 460 S Spring St

460 S Spring St

Los AngelesCA90013
property at 215 W 7th St

215 W 7th St

Los AngelesCA90014
property at 125 4th St

125 4th St

Los AngelesCA90013
property at 901 S Broadway

901 S Broadway

Los AngelesCA90015
property at 312 W 5th St

312 W 5th St

Los AngelesCA90013
Showing Results 1-36, Page 1 of 1

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
Adams Hill Lofts LLCBachelor w/KitchenetteStudio,1BA$1,050
Landmark TowersBACHELORETTEStudio,1BA$1,095
Lake Valley ApartmentsStudioStudio,1BA$1,100
Westland @ ReginaStudioStudio,1BA$1,175
Casa Loma LA ApartmentsStudioStudio,$1,195
San Lucas Apartments Age 62+StudioStudio,1BA$1,199
Waldorf ApartmentsStudioStudio,1BA$1,200

Best Value Apartments for Rent in Downtown Los Angeles, CA

As of July 25, 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$1.82
Hellman Lofts1BR/1.0BA1BR,1BA$1.59
a8132BR/1.0BA2BR,1BA$2.10
City LoftsStudioStudio ,1BA$1.95
Lakeview Apartments1 bedroom 1 bath1BR,1BA$1.99
807 S Flower St1B/1B1BR,1BA$0.81
The Lofts at the Security Building Apartments01L2Studio ,1BA$2.11

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Frequently Asked Questions about Downtown Los Angeles

What type of rentals are currently available in Downtown Los Angeles?

There are currently 1758 Apartments for Rent in Downtown Los Angeles, CA with pricing that ranges from $645 to $43,550. There are also 164 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Los Angeles ranging from $795 to $19,990.

What is the current price range for Rental Homes in Downtown Los Angeles?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Los Angeles ranges from $795 to $19,990 with an average monthly rent of $4,920.

How much are larger Three and Four Bedroom Rentals in Downtown Los Angeles?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown Los Angeles range from $2,699 to $43,550, while Three Bedroom Homes, Condos, and Townhomes for rent range from $3,500 to $13,300. Four Bedroom Single-Family rentals are also available starting from $3,599 and Four Bedroom Apartments start at $4,450.

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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Written by: Rachel Presser

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The Art of the Rental Viewing: What to look for during a property tour

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You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.