Cheap Apartments for Rent in the Koreatown Neighborhood of Los Angeles, CA from $500 (385 Rentals)

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

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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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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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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Koreatown, Los Angeles, CA Local Guide

Cheapest Available Koreatown Apartments for Rent

 

The cheapest available apartment rental in the Koreatown area of Los Angeles, CA is a Studio unit found at St. Andrews Place Apartments priced from $900. Kipling Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,110. Here are the most affordable Koreatown apartments for rent in Los Angeles, CA:

Apartment ListingModel NameBed/BathPriced From
St. Andrews Place ApartmentsBachelorStudio,1BA$900
Kipling ApartmentsA1Studio,1BA$1,110
Beverly by CategoryPrivate Room in Shared 6 Bed 4 Bath (B)1BR,1BA$1,123
Edgemont ApartmentsBachelorStudio,1BA$1,195
The Gaylord ApartmentsBachelor ( No Kitchen) Refrigerator IncludedStudio,1BA$1,195
Commonwealth ApartmentsStudio1BR,1BA$1,200
2850 Leeward AveStudioStudio,1BA$1,200

Best Value Apartments for Rent in Koreatown, CA

As of October 04, 2025 the best value apartment in the Koreatown area is the $1.75 price per square foot 1 Bed, 1 bath Model at 3520 W 12th St in the in the Mid Wilshire neighborhood starting from $3,500. The second greatest value Koreatown 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 Koreatown apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
3520 W 12th St1 Bed, 1 bath1BR,1BA$1.75
335 N Mariposa Ave, Unit #4335 N Mariposa Ave2BR,2BA$1.93
1135 S Lake St, Unit 1135 Lake1135 S Lake St2BR,1.5BA$1.60
4429 Victoria Park Dr, Unit Duplex4429 Victoria Park Dr2BR,1BA$2.10
2111 6th Ave2111 6th Ave1BR,1BA$2.15
420 S Berendo St, Unit 3420 S Berendo St2BR,2BA$2.00
310 South Virgil Ave2BR/2.0BA2BR,2BA$1.92
512 S. Hobart Blvd.One Bedroom1BR,1BA$1.70
Bright & Inviting 1-Bedroom ApartmentBright & Inviting 1-Bedroom Apartment - 2-WEEKS...1BR,1BA$2.11
Wilshire Villas North1 Bedroom1BR,1BA$2.12

Quick Rent Budget Calculator

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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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Pet Friendly Lifestyle
Koreatown, Los Angeles, CA

Ranked #14

Among cities in California for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Koreatown, Los Angeles, CA

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of rentals in cities across the United States including Koreatown, Los Angeles, and the greater Los Angeles area. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including our Star Ratings to compare for convenient access to the outdoors, luxury amenities, transit availability, pet-friendly communities, apartment communities for the kids, and more. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Koreatown Apartments

What is a cheap apartment in Koreatown?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Koreatown is under $1,200.

What is the price of a cheap apartment in Koreatown?

The cheapest apartment in Koreatown is Beverly by Category which is listed at $1,123, while the average apartment in Koreatown costs $6,895.

What types of apartments are the cheapest in Koreatown?

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 39 regular apartments in Koreatown 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 Koreatown?

Cheap apartments in Koreatown have an average cost of $1,863 which is $5,032 cheaper than the average rent for all rentals in Koreatown.

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.

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.

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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.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.