Cheap Homes for Rent in Los Angeles, CA from $500 (516 Rentals)

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

property at 232 E 27th St

$599

Total Monthly Price

Total Monthly Price

Base Rent
$599

Total Monthly Price
$599

3 Bedroom, 3 Bath Townhome for Rent

Available Now

232 E 27th St

Los AngelesCA90011
property at 8827 Darby Ave

$650 - $1,675

Total Monthly Price

Total Monthly Price

Base Rent
$650 - $1,675

Total Monthly Price
$650 - $1,675

1 Bedroom, 1 Bath Home for Rent

Available Now

8827 Darby Ave

NorthridgeCA91325

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

property at 1819 Arapahoe St

$700

Total Monthly Price

Total Monthly Price

Base Rent
$700

Total Monthly Price
$700

3 Bedroom, 3 Bath Townhome for Rent

Available Now

1819 Arapahoe St, Unit 1

1819 Arapahoe St
Los AngelesCA90006
property at 2220 Gale Ave

$750 - $946

Total Monthly Price

Total Monthly Price

Base Rent
$750 - $946

Total Monthly Price
$750 - $946

1 Bedroom, 1 Bath Home for Rent

Available Now

2220 Gale Ave

Long BeachCA90810

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.

property at 1327 W 37th Pl

$915

Total Monthly Price

Total Monthly Price

Base Rent
$915

Total Monthly Price
$915

1 Bedroom, 1 Bath Home for Rent

Available Now

1327 W 37th Pl

Los AngelesCA90007
property at 640 Elm

$925 - $1,495

Total Monthly Price

Total Monthly Price

Base Rent
$925 - $1,495

Total Monthly Price
$925 - $1,495

3 Bedroom, 2 Bath Condo for Rent

Available Now

640 Elm

Long BeachCA90802

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.

property at 636 E 121st Pl

$975 - $1,050

Total Monthly Price

Total Monthly Price

Base Rent
$975 - $1,050

Total Monthly Price
$975 - $1,050

1 Bedroom, 1 Bath Home for Rent

Available Now

636 E 121st Pl

Los AngelesCA90059
property at 9745 Reseda Blvd

$975 - $1,250

Total Monthly Price

Total Monthly Price

Base Rent
$975 - $1,250

Total Monthly Price
$975 - $1,250

1 Bedroom, 0.5 Bath Condo for Rent

Available Now

9745 Reseda Blvd

NorthridgeCA91324
property at 8747 Canby Ave

$975 - $1,750

Total Monthly Price

Total Monthly Price

Base Rent
$975 - $1,750

Total Monthly Price
$975 - $1,750

Studio To 1 Bedroom Condos for Rent

Available Now

8747 Canby Ave

NorthridgeCA91325
property at 20620 Kenwood Ave

$986

Total Monthly Price

Total Monthly Price

Base Rent
$986

Total Monthly Price
$986

1 Bedroom, 2 Bath Home for Rent

Available Now

20620 Kenwood Ave

TorranceCA90502
property at 4279 Walton Avenue

$995 - $1,250

Total Monthly Price

Total Monthly Price

Base Rent
$995 - $1,250

Total Monthly Price
$995 - $1,250

1 Bedroom, 1 Bath Home for Rent

Available Now

4279 Walton Avenue

Los AngelesCA90037
property at 15635 Vandorf Pl

$1,000 - $2,350

Total Monthly Price

Total Monthly Price

Base Rent
$1,000 - $2,350

Total Monthly Price
$1,000 - $2,350

Studio To 1 Bedroom Homes for Rent

Available Now

15635 Vandorf Pl

EncinoCA91436

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.

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.

Los Angeles, CA Local Guide

Cheapest Neighborhoods for Apartments in Los Angeles, CA

Pricing Updated: 07/18/2026

Current apartment rentals in the Los Angeles, CA area range in price from $601 to $179,000 with an overall median price of $5,157. The three Los Angeles neighborhoods with the lowest median rent pricing are San Fernando Gardens at $1,595, Flair Business District at $1,695, and Watson Junction at $1,450. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Los Angeles Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
San Fernando Gardens$1,595$1,5951
Flair Business District$1,695$1,6951
Watson Junction$1,725$1,4501
University Heights$1,900$1,9001
Riverside Rancho$1,950$1,8953
Five Points$1,995$1,1753
Bassett$2,055$1,9554
El Dorado$2,195$1,8954
Leffingwell$2,195$1,5907
Gold Hills$2,250$1,8957

Cheapest Available Los Angeles Apartments for Rent

 

The cheapest available apartment rental in Los Angeles, CA is a 1 Bed unit found at Roya in the Wilshire neighborhood priced from $631. 636 Linden Ave in the Downtown Long Beach neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $635. Here is today’s list of the most affordable Los Angeles apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Roya1 Bed 1 Bath - 631sqft1BR,1BA$631
636 Linden AveStudioStudio,1BA$635
807 S Flower St1B/1B1BR,1BA$645
647 18th StStudio Shared BathroomsStudio,6BA$695
2765 Francis AveSharedStudio,1BA$699
6669 De Longpre AveStudioStudio,1BA$795
Huntington ApartmentsBachelor StudioStudio,1BA$800
The Sinclair LAModel DStudio,1BA$832

Best Value Apartments for Rent in Los Angeles, CA

As of July 18, 2026 the best value apartment in the Los Angeles area is the $0.35 price per square foot 1119 E 12th St Model at 1119 E 12th St, Unit 1119 E. 12th Street in the in the Downtown Long Beach neighborhood starting from $2,150. The second greatest value Los Angeles 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 Los Angeles apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1119 E 12th St, Unit 1119 E. 12th Street1119 E 12th St2BR,1BA$0.35
1301 N Kingsley Dr, Unit 11301 N Kingsley Dr3BR,3BA$0.23
216 S Orange DrShared 4 bed / 3 bath4BR,3BA$0.67
10720 Hortense St10720 Hortense St1BR,1BA$0.79
Wilton by Category202 302 402 502 Private Bedroom 5 Bed 3 Bath B1BR,1BA$0.66
Centinela by CategoryPrivate Bedroom in Shared 5 Bed 3 Bath - A1BR,1BA$0.79
225 W 5th St225 W 5th St3BR,2BA$0.86
433 Midvale - Student Housing at UCLAFloor Plan 33a (Shared Room)7BR,3BA$0.77
West 27th PlaceD1B4BR,2BA$0.75
807 S Flower St1B/1B1BR,1BA$0.81

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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Los Angeles

What type of rentals are currently available in Los Angeles?

There are currently 66186 Apartments for Rent in Los Angeles, CA with pricing that ranges from $601 to $179,000. There are also 6299 Single Family Homes for rent, Condos, and Townhome rentals currently available in Los Angeles ranging from $650 to $100,000.

What is the current price range for Rental Homes in Los Angeles?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Los Angeles ranges from $650 to $100,000 with an average monthly rent of $20,080.

How much are larger Three and Four Bedroom Rentals in Los Angeles?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Los Angeles range from $895 to $43,550, while Three Bedroom Homes, Condos, and Townhomes for rent range from $795 to $50,000. Four Bedroom Single-Family rentals are also available starting from $725 and Four Bedroom Apartments start at $950.

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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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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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.

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

Written by: Rachel Presser

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The LA Price Check: Separating Cost of Living Myth from Reality

Written by: Rachel Presser

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Articles, How-To's, and Tips

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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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.

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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.