Cheap Apartments for Rent in the Hollywood Neighborhood of Los Angeles, CA from $500 (317 Rentals)

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

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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property at 1312 Mariposa Ave

1312 Mariposa Ave

Los AngelesCA90027

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

Moving to Los Angeles? Get an insider's view on desirable neighborhoods like Koreatown, Los Feliz, and NELA, plus crucial insight on LA's vast sprawl and transit.

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property at 238 Serrano Ave

238 Serrano Ave

Los AngelesCA90004

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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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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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 Sunset Wilcox Building priced from $995. Langdon Park at Hollywood Studios has the second lowest priced unit, which is a Studio apartment currently listed from $1,021. Here are the most affordable Hollywood apartments for rent in Los Angeles, CA:

Apartment ListingModel NameBed/BathPriced From
Sunset Wilcox Building0BR/1.0BAStudio,1BA$995
Langdon Park at Hollywood StudiosSTUDIO MAStudio,1BA$1,021
Oxford Avenue ApartmentsStudioStudio,1BA$1,095
Alexandria Court ApartmentsBachelor w/o KitchenetteStudio,1BA$1,145
Beverly BoulevardStudioStudio,1BA$1,150
Hollywood Off-VineMicro StudioStudio,1BA$1,195
St. Moritz ApartmentsBachelor w CountertopStudio,1BA$1,195
Hildalgo ElcaStudio, 1 bathStudio,1BA$1,250
Gramercy Tower LLCBACHELORStudio,1BA$1,279

Best Value Apartments for Rent in Hollywood, CA

As of December 01, 2025 the best value apartment in the Hollywood area is the $0.59 price per square foot Private Room in Shared 6 Bed 4 Bath (A) Model at Beverly by Category in the in the Wilshire Center neighborhood starting from $1,012. The second greatest value Hollywood apartment is the 335 N Mariposa Ave Model at 335 N Mariposa Ave, Unit #4 starting at $2,900 with a $1.93 price per square foot in the Wilshire Center 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.
Beverly by CategoryPrivate Room in Shared 6 Bed 4 Bath (A)1BR,1BA$0.59
335 N Mariposa Ave, Unit #4335 N Mariposa Ave2BR,2BA$1.93
Rodeo ApartmentsTwo Bedroom Two Bath2BR,2BA$1.70
7617 De Longpre Ave, Unit 17617 De Longpre Ave2BR,2BA$1.92
1133 N Ardmore Ave2- bedroom2BR,2BA$2.09
5432 Harold Way1 Bedroom+Den1BR,1BA$2.05
Cherokee Courtyard Apartments1 Bed /1 Bath1BR,1BA$2.06
5420 Russell AveLarge One Bedroom1BR,1BA$2.18
5361 Russell AveOne Bedroom1BR,1BA$1.99
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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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!

Getting Around the Hollywood Neighborhood in Los Angeles, CA

Walk Score®

94 / 100

Walker’s Paradise

Daily errands do not require a car

Bike Score®

67 / 100

Bikeable

Some bike infrastructure

Transit Score®

65 / 100

Good Transit

Many nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 $1,279.

What is the price of a cheap apartment in Hollywood?

The cheapest apartment in Hollywood is 238 South Serrano Ave which is listed at $1,525, while the average apartment in Hollywood costs $4,446.

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 129 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 $1,060 which is $3,386 cheaper than the average rent for all rentals in Hollywood.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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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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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.