Cheap Homes for Rent in Downtown Los Angeles Neighborhood of Los Angeles, CA from $700 (56 Rentals)

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

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.

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property at 744 Beacon Ave

$1,149 - $1,345

Studio Rentals

Available Now

744 Beacon Ave

Los AngelesCA90017

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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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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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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property at 430 S Broadway

$1,722 - $2,757

Studio To 2 Bedroom Rentals

Available Now

430 S Broadway

Los AngelesCA90013
property at 460 S Spring St

$1,750 - $2,900

Total Monthly Price

Total Monthly Price

Base Rent
$1,750 - $2,900
Total Monthly Price
$1,750 - $2,900

Studio To 1 Bedroom Condos for Rent

Available Now

460 S Spring St

Los AngelesCA90013

LA Alternatives: Find the Perfect Commuter City for Renting in the Los Angeles Metro Area

Get more breathing room without compromising proximity to LA. Our Los Angeles local expert breaks down the best neighboring cities for renting more affordable apartments with easier commutes.

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Showing Results 1-50, Page 1 of 2

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
Alexandria ApartmentsAlexandria Apartments 35%Studio,1BA$927
The Charleston Apartments- Great Studio and One Bedroom Apartment Home for Rent Near Downtown LA!0 Bed/1 Bath BStudio,1BA$995
Villa MetropolitanoStudioStudio,1BA$1,031
Hope ManorStudioStudio,1BA$1,084
Commodore Regency ApartmentsStudioStudio,1BA$1,095
Landmark TowersBACHELORETTEStudio,1BA$1,095

Best Value Apartments for Rent in Downtown Los Angeles, CA

As of May 08, 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 2 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$1.20
Spring Tower Lofts2 Beds 1 Bath2BR,1BA$1.90
RiverFront live - Work Lofts1 Bedroom, 1 Bath Loft Style1BR,1BA$1.81
The Walnut BuildingModern Loft UnitsStudio ,1BA$2.01
Tailor Lofts4 bedroom / 2 bath Plans M-O4BR,2BA$2.06
725-729 S Spring StLoftsStudio ,1BA$1.66
720 Bartlett St2 Bedroom 1 Bath2BR,1BA$1.77
Villas Del LagoTwo Bedroom2BR,1BA$2.05
807 S Flower St1B/1B1BR,1BA$0.81
The Lorenzo Student Housing1x1 - Botticelli1BR,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.

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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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Real 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.

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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 #10

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 1770 Apartments for Rent in Downtown Los Angeles, CA with pricing that ranges from $645 to $43,550. There are also 191 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Los Angeles ranging from $700 to $14,000.

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 $700 to $14,000 with an average monthly rent of $4,009.

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 $2,100 to $14,000. Four Bedroom Single-Family rentals are also available starting from $4,300 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.

Helpful Local Expert Guides

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I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

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This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.