Cheap Homes for Rent in Los Angeles, CA from $500 (509 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

Read Article
property at 647 W 18th St

$695 - $895

Studio Rentals

Available Now

647 W 18th St

Los AngelesCA90015

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.

Read Article
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.

Read Article

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.

Read Article

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.

Read Article
Showing Results 1-50, Page 1 of 11

Los Angeles, CA Local Guide

Cheapest Neighborhoods for Apartments in Los Angeles, CA

Pricing Updated: 01/15/2026

Current apartment rentals in the Los Angeles, CA area range in price from $645 to $100,000 with an overall median price of $4,862. The three Los Angeles neighborhoods with the lowest median rent pricing are Laguna at $1,695, El Dorado at $1,850, and Belvedere at $1,750. 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
Laguna$1,722$1,6952
El Dorado$1,850$1,8501
Belvedere$1,865$1,75049
Foothill Boulevard Business District$1,875$1,8004
Bassett$2,000$1,95010
Sparr Heights$2,000$2,0001
Bodger Park El Camino Village$2,050$1,1955
West Side$2,097$1,59510
Watson$2,100$1,39522
Wrigley$2,100$1,49517

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
The Dorms of Torrance0BR/1.0BAStudio,1BA$862
1301 N Mansfield Ave1BR/1B1BR,1BA$863

Best Value Apartments for Rent in Los Angeles, CA

As of January 15, 2026 the best value apartment in the Los Angeles area is the $0.33 price per square foot 407 N Sycamore Ave Model at 407 N Sycamore Ave, Unit Beautiful Two Bedroom in the in the Mid Wilshire neighborhood starting from $3,000. The second greatest value Los Angeles apartment is the Coliving Model at Haven Coliving - Penmar starting at $995 with a $0.26 price per square foot in the Venice Beach 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.
407 N Sycamore Ave, Unit Beautiful Two Bedroom407 N Sycamore Ave1BR,1BA$0.33
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
Wilton by Category201 301 Private Bedroom 6 Bed 4 Bath A1BR,1BA$0.60
Co/relate West Adams (Shared Apartments)Lotus5BR,5BA$0.72
Beverly by CategoryPrivate Room in Shared 6 Bed 5 Bath (A)1BR,1BA$0.69
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.

Read Article
Decorative image

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.

Read Article
Decorative image

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.

Read Article
Decorative image

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

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

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

Explore Los Angeles, CA Rentals by Map

Decorative image of map

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

View Map
Los Angeles, CA Apartments Map
View Map
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 66208 Apartments for Rent in Los Angeles, CA with pricing that ranges from $645 to $100,000. There are also 7322 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 $15,945.

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

decorative image for The 10 Best Affordable Neighborhoods in Los Angeles, CA article

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.

decorative image for More Than Just Hollywood: A Local Experts Deep Dive into LA Living article

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

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!