Cheap Homes for Rent in Los Angeles, CA from $500 (462 Rentals)

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property at 232 E 27th St

$599

3 Bedroom, 3 Bath Townhome for Rent

Available Now

232 E 27th St

Los AngelesCA90011

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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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 1315 W 36th Pl

$900

1 Bedroom, 1 Bath Home for Rent

Available Now

1315 W 36th Pl

Los AngelesCA90007
property at 17135 San Jose St

$925

3 Bedroom, 2 Bath Home for Rent

Available Now

17135 San Jose St

Granada HillsCA91344

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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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

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Los Angeles, CA Local Guide

Cheapest Neighborhoods for Apartments in Los Angeles, CA

Pricing Updated: 01/04/2026

Current apartment rentals in the Los Angeles, CA area range in price from $599 to $100,000 with an overall median price of $9,146. The three Los Angeles neighborhoods with the lowest median rent pricing are Northeast Baldwin Park at $1,050, Knolls at Hillsborough at $1,195, and Aldergate at $1,550. 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
Northeast Baldwin Park$1,050$1,0501
Knolls at Hillsborough$1,195$1,1951
Aldergate$1,550$1,5501
East Whittier$1,699$1,6991
Michigan Park$1,699$1,6991
Seafood District$1,739$1,2782
Leffingwell$1,800$1,8001
West Baldwin Park$2,299$2,2991
Lamanda Park$2,350$2,3501
Simons$2,431$2,1756

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 Private BathStudio,1BA$695
1122 6th St1011BR,1BA$750
New Genesis ApartmentsStudioStudio,1BA$795
Huntington ApartmentsBachelor StudioStudio,1BA$800
Inglewood Flats0x1Studio,1BA$812
The Dorms of Torrance0BR/1.0BAStudio,1BA$862

Best Value Apartments for Rent in Los Angeles, CA

As of January 05, 2026 the best value apartment in the Los Angeles area is the $0.26 price per square foot Coliving Model at Haven Coliving - Penmar in the in the Venice Beach neighborhood starting from $995. The second greatest value Los Angeles apartment is the 1500 Arapahoe St Model at 1500 Arapahoe St, Unit 1 starting at $700 with a $0.23 price per square foot in the Westlake 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.
Haven Coliving - PenmarColiving4BR,4BA$0.26
1500 Arapahoe St, Unit 11500 Arapahoe St3BR,3BA$0.23
1301 N Kingsley Dr, Unit 11301 N Kingsley Dr3BR,3BA$0.23
1587 W 35th Pl35th Place Student Living6BR,3BA$0.40
10626 S. Budlong Ave.2/12BR,1BA$0.91
Co/relate West Adams (Shared Apartments)Lotus5BR,5BA$0.72
Beverly by CategoryPrivate Room in Shared 6 Bed 5 Bath (A)1BR,1BA$0.58
Polaris LUXunit 7013BR,3BA$0.98
433 Midvale - Student Housing at UCLAFloor Plan 33a (Shared Room)7BR,3BA$0.77
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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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Los Angeles, CA Rentals by Map

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See the most popular apartments and homes in Los Angeles, CA

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Los Angeles, CA Rental Homes Map

Frequently Asked Questions about Los Angeles

What type of rentals are currently available in Los Angeles?

There are currently 66045 Apartments for Rent in Los Angeles, CA with pricing that ranges from $645 to $100,000. There are also 6945 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 $18,170.

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 $45,000. Four Bedroom Single-Family rentals are also available starting from $600 and Four Bedroom Apartments start at $1,040.

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 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.

Articles, How-To's, and Tips

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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

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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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!