Cheap Apartments for Rent in the Hollywood Neighborhood of Los Angeles, CA from $500 (326 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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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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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

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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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Los Angeles Essential Guide: Finding Rentals Near LA's Biggest Job Hubs

Working at LAX, Disney, UCLA, or Kaiser Permanente? We detail the best LA neighborhoods—from Westchester to Magnolia Park—to help you find a rental and eliminate your commute.

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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 Studio unit found at 1811 Tamarind Apartments priced from $899. Beverly by Category has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,039. Here are the most affordable Hollywood apartments for rent in Los Angeles, CA:

Apartment ListingModel NameBed/BathPriced From
1811 Tamarind Apartments0BR/0.5BAStudio,$899
Beverly by CategoryPrivate Room in Shared 6 Bed 5 Bath (A)1BR,1BA$1,039
St. Moritz ApartmentsBachelor w CountertopStudio,1BA$1,095
SM Hollywood StudiosSTUDIO SAStudio,1BA$1,097
Melrose by Category6 Bed 5 Bath - A1BR,1BA$1,198
6112 W. Eleanor Ave0BR/1.0BAStudio,1BA$1,225
Alexandria Court ApartmentsBach w/o KitStudio,1BA$1,225
Hildalgo ElcaStudio, 1 bathStudio,1BA$1,250
Hollywood Melrose ApartmentsBachelor StudioStudio,1BA$1,275
1800 North La Brea Ave0BR/1.0BAStudio,1BA$1,295

Best Value Apartments for Rent in Hollywood, CA

As of April 26, 2026 the best value apartment in the Hollywood area is the $0.62 price per square foot Private Bedroom in 6 Bed 4 Bath - B Model at Melrose by Category in the in the Mid Wilshire neighborhood starting from $1,297. The second greatest value Hollywood apartment is the Shared 4 bed / 3 bath Model at 216 S Orange Dr. starting at $1,350 with a $0.69 price per square foot in the Mid Wilshire 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.
Melrose by CategoryPrivate Bedroom in 6 Bed 4 Bath - B1BR,1BA$0.62
216 S Orange Dr.Shared 4 bed / 3 bath4BR,3BA$0.69
Beverly by CategoryPrivate Room in Shared 6 Bed 5 Bath (B)1BR,1BA$0.73
4463 1/2 Rosewood Ave, Unit 4463 1/2 Rosewood Ave4463 1/2 Rosewood Ave4BR,2BA$2.00
335 N Mariposa Ave, Unit #4335 N Mariposa Ave2BR,2BA$1.80
5225 De Longpre Ave2BR/1.0BA2BR,1BA$1.70
Rodeo ApartmentsTwo Bedroom Two Bath2BR,2BA$1.70
8336 Blackburn Ave1 Bedroom1BR,1BA$2.00
Natalie Court Luxury ApartmentsOne Bedroom Second Floor1BR,1BA$1.85
616 N HobartStudioStudio ,1BA$1.16

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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 Beverly by Category which is listed at $1,039, while the average apartment in Hollywood costs $9,000.

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 96 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 $1,046 which is $7,954 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.

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