
Cheap Homes for Rent in Downtown Los Angeles Neighborhood of Los Angeles, CA from $500 (47 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Los Angeles area of Los Angeles.


232 E 27th St, Unit 000

692 Valencia St, Unit 303

692 Valencia St, Unit 208
744 Beacon Ave, Unit 604
744 Beacon Ave, Unit 314

1911 W 2nd St, Unit 26

3

463 S Bixel St, Unit 4
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.
744 Beacon Ave, Unit 516
744 Beacon Ave, Unit 411
744 Beacon Ave, Unit 414
744 Beacon Ave, Unit 204

743 S Burlington Ave, Unit 4

341 S Alvarado St, Unit 504

410 S Union Ave, Unit 4

1420 Flower St
744 Beacon Ave, Unit 412
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.
744 Beacon Ave, Unit 305
744 Beacon Ave, Unit 605

1911 W 2nd St, Unit 24

4

315 N Coronado St

357 S Alvarado St, Unit 109

214 N Burlington Ave

734 Valencia St, Unit 205

1100 W Temple St, Unit 305
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.

312 W 5th St, Unit 521

410 Lucas Ave, Unit C

829 N Bunker Hill Ave., Unit A

430 S Broadway, Unit 307

430 S Broadway, Unit 511

323 N Rampart Blvd, Unit 7

1267 Vin Scully Ave

406 N Bixel St, Unit 6

430 S Broadway, Unit 408
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.

Total Monthly Price
1027 Wilshire Blvd, Unit SI FL7-ID543

460 S Spring St, Unit 608

312 W 5th St, Unit 826

312 W 5th St, Unit 609

312 W 5th St

Total Monthly Price
810 S Spring St, Unit SI FL2-ID1424

Total Monthly Price
354 S Spring St, Unit SI FL2-ID1205

316 1/2 Columbia Ave-

312 W 5th St, Unit 1105
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.

312 W 5th St, Unit 410

312 W 5th St, Unit 510
Downtown Los Angeles, Los Angeles, CA Local Guide

How much does it cost to rent a home in Downtown Los Angeles?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Los Angeles 2 Bedroom Homes for Rent | $3,746 | $2,000 | $10,000+ |
| Downtown Los Angeles 3 Bedroom Homes for Rent | $5,957 | $599 | $10,000+ |
| Downtown Los Angeles 4 Bedroom Homes for Rent | $5,688 | $3,566 | $8,000 |
Browse Homes for Rent in this Neighborhood
There are currently 47 rentals with your search options within a 2 mile radius of the Downtown Los Angeles Neighborhood of Los Angeles, CA.
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Downtown Los Angeles, Los Angeles, CA Local Guide
- Nearby Los Angeles neighborhoods
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 807 S Flower St | 1B/1B | 1BR,1BA | $645 |
| 647 18th St | Studio Shared Bathrooms | Studio,6BA | $695 |
| Huntington Apartments | Bachelor Studio | Studio,1BA | $800 |
| Alexandria Apartments | Alexandria Apartments 35% | Studio,1BA | $927 |
| The Charleston Apartments | 0 Bed/1 Bath B | Studio,1BA | $995 |
| Villa Metropolitano | Studio | Studio,1BA | $1,031 |
| Adams Hill Lofts | Bachelor w/Kitchenette | Studio,1BA | $1,053 |
| Hope Manor | Studio | Studio,1BA | $1,084 |
| 526 S Union Avenue | 0+1 | Studio,1BA | $1,095 |
| Lake Valley Apartments | Studio | Studio,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Spring Tower Lofts | 2 Beds 1 Bath | 2BR,1BA | $1.90 |
| The Walnut Building | Modern Loft Units | Studio ,1BA | $2.01 |
| Union Lofts | The Greenback | 2BR,1.5BA | $2.05 |
| Thurman Lofts | 2 Bedroom 2 Bath | 2BR,2BA | $1.58 |
| 725-729 S Spring St | Lofts | Studio ,1BA | $1.66 |
| 720 Bartlett St | 2 Bedroom 1 Bath | 2BR,1BA | $1.77 |
| Randolph Lofts | 1 Bedroom 1.5 Bath | 1BR,1.5BA | $1.78 |
| Gas Company Lofts | Studio Loft | Studio ,1BA | $2.00 |
| 807 S Flower St | 1B/1B | 1BR,1BA | $0.81 |
| The Lorenzo Student Housing | 1x1 - Botticelli | 1BR,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.
Read ArticleA 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
Read ArticleReal 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.
Read ArticleQuick 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.
Pet Friendly LifestyleDowntown Los Angeles, Los Angeles, CA
Ranked #11
Among cities in California for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
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 1773 Apartments for Rent in Downtown Los Angeles, CA with pricing that ranges from $645 to $43,550. There are also 178 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Los Angeles ranging from $599 to $12,500.
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 $12,500 with an average monthly rent of $3,901.
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 $1,531 to $43,550, while Three Bedroom Homes, Condos, and Townhomes for rent range from $599 to $12,500. Four Bedroom Single-Family rentals are also available starting from $3,566 and Four Bedroom Apartments start at $1,639.
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

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.

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.

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.

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

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.

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.

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.

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.