Cheap Apartments for Rent in the Hollywood Neighborhood of Los Angeles, CA from $500 (311 Rentals)

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

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property at 238 Serrano Ave

$1,398 - $1,421

Studio Rentals

Available Now

238 Serrano Ave

Los AngelesCA90004

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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More Than Just Hollywood: A Local Expert's Deep Dive into LA Living

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property at 245 Serrano Ave

$1,548 - $1,798

Studio To 1 Bedroom Rentals

Available Mar 8

245 Serrano Ave

Los AngelesCA90004

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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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

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Hollywood, Los Angeles, CA Local Guide

Cheapest Available Hollywood Apartments for Rent

 

The cheapest available apartment rental in the Hollywood area of Los Angeles, CA is a 1 Bed unit found at 1301 N Mansfield Ave priced from $863. Oxford Avenue Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,095. Here are the most affordable Hollywood apartments for rent in Los Angeles, CA:

Apartment ListingModel NameBed/BathPriced From
1301 N Mansfield Ave1BR/1B1BR,1BA$863
Oxford Avenue ApartmentsStudioStudio,1BA$1,095
Langdon Park at Hollywood StudiosSTUDIO SAStudio,1BA$1,097
St. Moritz ApartmentsBachelor w CountertopStudio,1BA$1,195
Hildalgo ElcaStudio, 1 bathStudio,1BA$1,250
Beverly by CategoryPrivate Room in Shared 6 Bed 5 Bath (A)1BR,1BA$1,254
Hollywood Melrose ApartmentsBachelor StudioStudio,1BA$1,275
Hollywood Off-VineMicro StudioStudio,1BA$1,295
SAMO East Hollywood LLCStudioStudio,1BA$1,295

Best Value Apartments for Rent in Hollywood, CA

As of January 23, 2026 the best value apartment in the Hollywood area is the $0.33 price per square foot 407 N Sycamore Ave Model at 407 N Sycamore Ave, Unit Beautiful Two Bedroom in the in the Mid Wilshire neighborhood starting from $3,000. The second greatest value Hollywood apartment is the 1301 N Kingsley Dr Model at 1301 N Kingsley Dr, Unit 1 starting at $700 with a $0.23 price per square foot in the Virgil Village neighborhood. Here is today’s list of the best values for Hollywood apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
407 N Sycamore Ave, Unit Beautiful Two Bedroom407 N Sycamore Ave1BR,1BA$0.33
1301 N Kingsley Dr, Unit 11301 N Kingsley Dr3BR,3BA$0.23
Beverly by CategoryPrivate Room in Shared 6 Bed 5 Bath (A)1BR,1BA$0.68
333 N Sycamore Ave1 Bed 1 Bath1BR,1BA$2.00
1133 N Ardmore Ave2- bedroom2BR,2BA$2.05
5432 Harold Way1 Bedroom+Den1BR,1BA$2.05
2039 North Las Palmas Ave1BR/1.0BA1BR,1BA$1.94
HAMPTON1BR/1.0BA1BR,1BA$2.04
5730 1/2 La Mirada Ave, Unit Studio - 45730 1/2 La Mirada AveStudio ,1BA$2.00
616 N HobartStudioStudio ,1BA$1.16

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

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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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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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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Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals in metropolitan areas across the United States and customized analysis for Eastern Los Angeles, CA. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including rankings of the best places for easy access to the parks, luxury amenities, apartment complexes for the kids, raising pets, transit options, and how walkable or bikeable each community and area is. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Hollywood Apartments

What is a cheap apartment in Hollywood?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Hollywood is under $1,295.

What is the price of a cheap apartment in Hollywood?

The cheapest apartment in Hollywood is 1301 N Mansfield Ave which is listed at $863, while the average apartment in Hollywood costs $4,949.

What types of apartments are the cheapest in Hollywood?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 148 regular apartments in Hollywood that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Hollywood?

Cheap apartments in Hollywood have an average cost of $1,479 which is $3,470 cheaper than the average rent for all rentals in Hollywood.

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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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.

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When most people think of collegiate destination cities, Boston and New York often come to mind in addition to smaller college towns.

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Hi from LA! I’m Rachel, your ApartmentHomeLiving.com Local Expert for Los Angeles, CA.

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Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.