Cheap Apartments for Rent in the Koreatown Neighborhood of Los Angeles, CA from $500 (396 Rentals)

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

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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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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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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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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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. The Rayfield Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,015. Here are the most affordable Koreatown apartments for rent in Los Angeles, CA:

Apartment ListingModel NameBed/BathPriced From
St. Andrews Place ApartmentsBachelorStudio,1BA$900
The Rayfield ApartmentsEfficiencyStudio,1BA$1,015
car9460BR/1.0BAStudio,1BA$1,099
Haddon HallBachelorStudio,1BA$1,145
Miles at Harvard | Live Simply ||Co-Living0BR/1.0BAStudio,1BA$1,150
Heliotrope ApartmentsStudioStudio,1BA$1,195

Best Value Apartments for Rent in Koreatown, CA

As of May 25, 2026 the best value apartment in the Koreatown area is the $0.23 price per square foot 1500 Arapahoe St Model at 1500 Arapahoe St, Unit 1 in the in the Westlake neighborhood starting from $700. The second greatest value Koreatown apartment is the 1 Bed 2 Bath Model at 2412 5th Ave starting at $2,500 with a $1.67 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.
1500 Arapahoe St, Unit 11500 Arapahoe St3BR,3BA$0.23
2412 5th Ave1 Bed 2 Bath1BR,2BA$1.67
1129 4th Ave, Unit 1129½1129 4th Ave2BR,1.5BA$1.93
2418 W 23rd St, Unit 24182418 W 23rd St3BR,1BA$2.00
1370 W 24th St, Unit 13701370 W 24th St3BR,1BA$1.82
3976 W 7th St, Unit .53976 W 7th St2BR,1BA$1.27
310 South Virgil Ave2BR/2.0BA2BR,2BA$1.80
845 S. Kingsley2BR/2.0BA2BR,2BA$1.95
314 South Manhattan Place1BR/1.0BA1BR,1BA$1.82
3900 Ingraham ApartmentStudio1BR,1BA$1.87

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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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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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 $1,195.

What is the price of a cheap apartment in Koreatown?

The cheapest apartment in Koreatown is 3900 Ingraham Apartment which is listed at $1,495, while the average apartment in Koreatown costs $4,150.

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 65 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 $115 which is $4,035 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.

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