Cheap Apartments for Rent in the Koreatown Neighborhood of Los Angeles, CA from $500 (499 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

Read Article

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.

Read Article

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

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

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
Showing Results 1-50, Page 1 of 10

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 1 Bed unit found at Roya priced from $631. 2765 Francis Ave has the second lowest priced unit, which is a Studio apartment currently listed from $699. Here are the most affordable Koreatown apartments for rent in Los Angeles, CA:

Apartment ListingModel NameBed/BathPriced From
Roya1 Bed 1 Bath - 631sqft1BR,1BA$631
2765 Francis AveSharedStudio,1BA$699
St. Andrews Place ApartmentsBachelorStudio,1BA$900
Beverly by CategoryPrivate Room in Shared 6 Bed 5 Bath (A)1BR,1BA$969
Wilton by Category202 302 402 502 Private Bedroom 5 Bed 3 Bath B1BR,1BA$1,083
Haddon HallBachelorStudio,1BA$1,145

Best Value Apartments for Rent in Koreatown, CA

As of July 19, 2026 the best value apartment in the Koreatown area is the $1.67 price per square foot 1 Bed 2 Bath Model at 2412 5th Ave in the in the Mid Wilshire neighborhood starting from $2,500. The second greatest value Koreatown apartment is the 2418 W 23rd St Model at 2418 W 23rd St, Unit 2418 starting at $2,995 with a $2.00 price per square foot in the Mid Wilshire 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.
2412 5th Ave1 Bed 2 Bath1BR,2BA$1.67
2418 W 23rd St, Unit 24182418 W 23rd St3BR,1BA$2.00
1510 S Van Ness Ave, Unit 15101510 S Van Ness Ave2BR,2BA$2.14
845 S. Kingsley2BR/2.0BA2BR,2BA$1.82
311 South New Hampshire Avenue2BR/2.0BA2BR,2BA$1.78
Gramercy Place1BD 1BTH1BR,1BA$1.90
Normandie 11 Bedroom1BR,1BA$2.05
200 S Vendome St2001BR,1BA$2.06
310 South Virgil Ave1BR/1.0BA1BR,1BA$2.06
315 South Virgil Ave1BR/1.0BA1BR,1BA$2.12

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

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

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.

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

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 $1,145.

What is the price of a cheap apartment in Koreatown?

The cheapest apartment in Koreatown is Roya which is listed at $631, while the average apartment in Koreatown costs $5,995.

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 57 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 $131 which is $5,864 cheaper than the average rent for all rentals in Koreatown.

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 Expert's Deep Dive into LA Living article

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

Written by: Rachel Presser

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

decorative image for The LA Price Check: Separating Cost of Living Myth from Reality article

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

decorative image for Rent According to Income: A Look at Income-Restricted Rentals article

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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

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.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.