Cheap Homes for Rent in Los Angeles, CA from $500 (658 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 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

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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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 2114 S Rimpau Blvd

$900

Total Monthly Price

Total Monthly Price

Base Rent
$900
Total Monthly Price
$900

1 Bedroom, 1 Bath Home for Rent

Available Jun 1

2114 S Rimpau Blvd

Los AngelesCA90016
property at 17135 San Jose St

$925

Total Monthly Price

Total Monthly Price

Base Rent
$925
Total Monthly Price
$925

3 Bedroom, 2 Bath Home for Rent

Available Now

17135 San Jose St

Granada HillsCA91344
property at 640 Elm

$925 - $1,495

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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
property at 1142 W 37th Pl

$945

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Total Monthly Price

Base Rent
$945
Total Monthly Price
$945

6 Bedroom, 3 Bath Home for Rent

Available Aug 1

1142 W 37th Pl

Los AngelesCA90007
property at 1334 W 22nd St

$950 - $1,025

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Total Monthly Price

Base Rent
$950 - $1,025
Total Monthly Price
$950 - $1,025

5 Bedroom, 5 Bath Condo for Rent

Available Now

1334 W 22nd St

Los AngelesCA90007

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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property at 411 Gladys Ave

$985

Total Monthly Price

Total Monthly Price

Base Rent
$985
Total Monthly Price
$985

Studio, 1 Bath Home for Rent

Available Now

411 Gladys Ave

Monterey ParkCA91755
property at 4279 Walton Avenue

$995 - $1,250

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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 2679 Menlo Ave

$1,000

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Total Monthly Price

Base Rent
$1,000
Total Monthly Price
$1,000

1 Bedroom, 2 Bath Home for Rent

Available Now

2679 Menlo Ave

Los AngelesCA90007

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 1037 W 73rd St

$1,025

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Total Monthly Price

Base Rent
$1,025
Total Monthly Price
$1,025

1 Bedroom, 1 Bath Home for Rent

Available Now

1037 W 73rd St

Los AngelesCA90044
property at 8507 Fullbright Ave

$1,050

Total Monthly Price

Total Monthly Price

Base Rent
$1,050
Total Monthly Price
$1,050

Studio, 1 Bath Home for Rent

Available Now

8507 Fullbright Ave

Los AngelesCA91306
property at 2220 Gale Ave

$1,050

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Total Monthly Price

Base Rent
$1,050
Total Monthly Price
$1,050

1 Bedroom, 1 Bath Home for Rent

Available Jun 1

2220 Gale Ave, Unit Room 1

2220 Gale Ave
Long BeachCA90810

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 14

Los Angeles, CA Local Guide

Cheapest Neighborhoods for Apartments in Los Angeles, CA

Pricing Updated: 05/31/2026

Current apartment rentals in the Los Angeles, CA area range in price from $601 to $179,000 with an overall median price of $4,884. The three Los Angeles neighborhoods with the lowest median rent pricing are Flair Business District at $1,696, Watson Junction at $1,645, and Sparr Heights at $1,950. 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
Flair Business District$1,696$1,6961
Watson Junction$1,897$1,6452
Sparr Heights$1,950$1,9501
Pelanconi$1,995$1,9453
Bassett$2,055$1,9551
Bell Gardens$2,100$1,4002
Lynwood Gardens$2,195$1,4004
Simons$2,200$1,9954
South San Gabriel$2,200$1,4956
Catalina Villas$2,250$1,8505

Cheapest Available Los Angeles Apartments for Rent

 

The cheapest available apartment rental in Los Angeles, CA is a 1 Bed unit found at 807 S Flower St in the City West neighborhood priced from $645. 647 18th St in the Downtown Los Angeles neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $695. Here is today’s list of the most affordable Los Angeles apartments for rent:

Apartment ListingModel NameBed/BathPriced From
807 S Flower St1B/1B1BR,1BA$645
647 18th StStudio Shared BathroomsStudio,6BA$695
New Genesis ApartmentsStudioStudio,1BA$795
6669 De Longpre AveStudioStudio,1BA$795
Huntington ApartmentsBachelor StudioStudio,1BA$800
Olympic HotelModel AStudio,1BA$832
The Sinclair LAModel DStudio,1BA$832
Metro at FlorenceStudioStudio,1BA$852

Best Value Apartments for Rent in Los Angeles, CA

As of May 31, 2026 the best value apartment in the Los Angeles area is the $0.29 price per square foot 2x2 Model at Fountain Creek Apartments in the in the Alamitos Beach neighborhood starting from $2,795. The second greatest value Los Angeles apartment is the 4311 Model at 4311 Eagle Rock Blvd starting at $3,250 with a $0.57 price per square foot in the Northeast Los Angeles 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.
Fountain Creek Apartments2x22BR,2BA$0.29
4311 Eagle Rock Blvd43112BR,2BA$0.57
1909 Ocean Front Walk1909 Ocean Front Walk4BR,4BA$0.76
1500 Arapahoe St, Unit 11500 Arapahoe St3BR,3BA$0.23
1301 N Kingsley Dr, Unit 11301 N Kingsley Dr3BR,3BA$0.23
Melrose by CategoryPrivate Bedroom in 6 Bed 4 Bath - B1BR,1BA$0.62
216 S Orange Dr.Shared 4 bed / 3 bath4BR,3BA$0.67
10720 Hortense St10720 Hortense St1BR,1BA$0.79
433 Midvale - Student Housing at UCLAFloor Plan 33a (Shared Room)7BR,3BA$0.77
West 27th PlaceD1B4BR,2BA$0.73

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!

Explore Los Angeles, CA Rentals by Map

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Frequently Asked Questions about Los Angeles

What type of rentals are currently available in Los Angeles?

There are currently 66158 Apartments for Rent in Los Angeles, CA with pricing that ranges from $601 to $179,000. There are also 6323 Single Family Homes for rent, Condos, and Townhome rentals currently available in Los Angeles ranging from $599 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 $599 to $100,000 with an average monthly rent of $19,387.

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 $700 to $43,550, while Three Bedroom Homes, Condos, and Townhomes for rent range from $599 to $49,000. Four Bedroom Single-Family rentals are also available starting from $825 and Four Bedroom Apartments start at $999.

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.

decorative image for A Local Expert's Top Neighborhood Guide for Renters While Attending Major Colleges and Universities in Los Angeles article

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 Experts Deep Dive into LA Living

Written by: Rachel Presser

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

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

Written by: Rachel Presser

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

Articles, How-To's, and Tips

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

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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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

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

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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

Written by: Lauren Harrington

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