Cheap Homes for Rent in Downtown Los Angeles Neighborhood of Los Angeles, CA from $500 (37 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 232 E 27th St

$599

Total Monthly Price

Total Monthly Price

Base Rent
$599
Total Monthly Price
$599

3 Bedroom, 3 Bath Townhome for Rent

Available Now

232 E 27th St

Los AngelesCA90011
property at 749 Columbia Ave

$1,150

Total Monthly Price

Total Monthly Price

Base Rent
$1,150
Total Monthly Price
$1,150

1 Bedroom, 1 Bath Home for Rent

Available Now

749 Columbia Ave, Unit 301

749 Columbia Ave
Los AngelesCA90017

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Showing Results 1-37, 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. 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
New Genesis ApartmentsStudioStudio,1BA$795
Huntington ApartmentsBachelor StudioStudio,1BA$800
Westlake Terrace0BR/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
Commodore Regency ApartmentsStudioStudio,1BA$1,095
430 Union Avenue0+1Studio,1BA$1,099

Best Value Apartments for Rent in Downtown Los Angeles, CA

As of March 24, 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 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.
621 S Broadway, Unit 3621 S Broadway2BR,1BA$1.20
The Walnut BuildingModern Loft UnitsStudio ,1BA$2.01
Tailor Lofts4 bedroom / 2 bath Plans M-O4BR,2BA$2.06
1285 Vin Scully Ave, Unit 51285 Vin Scully Ave2BR,2BA$2.00
The Continental Building1BR/1.0BA1BR,1BA$2.07
Randolph Lofts1 Bedroom 1.5 Bath1BR,1.5BA$1.87
2421 Hunter St, Unit 22421 Hunter St1BR,1BA$2.00
807 S Flower St1B/1B1BR,1BA$0.81
Lakeview Apartments1 bedroom 1 bath1BR,1BA$1.99
The Lorenzo Student Housing1x1 - Botticelli1BR,1BA$1.82

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

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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

Frequently Asked Questions about Downtown Los Angeles

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

There are currently 1776 Apartments for Rent in Downtown Los Angeles, CA with pricing that ranges from $645 to $99,999. There are also 196 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Los Angeles ranging from $599 to $25,607.

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 $599 to $25,607 with an average monthly rent of $3,835.

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 $2,499 to $43,550, while Three Bedroom Homes, Condos, and Townhomes for rent range from $599 to $25,607. Four Bedroom Single-Family rentals are also available starting from $3,665 and Four Bedroom Apartments start at $2,800.

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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