Cheap Apartments for Rent in the Lafayette Park Neighborhood of Los Angeles, CA from $500 (236 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Lafayette Park 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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property at 729 S Union Ave

729 S Union Ave

Los AngelesCA90017

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 2529 4th St

2529 4th St

Los AngelesCA90057

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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Lafayette Park, Los Angeles, CA Local Guide

Cheapest Available Lafayette Park Apartments for Rent

 

The cheapest available apartment rental in the Lafayette Park area of Los Angeles, CA is a Studio unit found at Beautiful Dormitory Style Housing Available priced from $845. 926 S Lake St has the second lowest priced unit, which is a Studio apartment currently listed from $1,000. Here are the most affordable Lafayette Park apartments for rent in Los Angeles, CA:

Apartment ListingModel NameBed/BathPriced From
Beautiful Dormitory Style Housing Available0BR/1.0BAStudio,1BA$845
926 S Lake StStudioStudio,1BA$1,000
EBA0BR/1.0BAStudio,1BA$1,140
Royal VikingStudio 2Studio,1BA$1,145
Waldorf ApartmentsStudioStudio,1BA$1,150
Westland @ ReginaStudioStudio,1BA$1,175
The Gaylord ApartmentsBachelor ( No Kitchen) Refrigerator IncludedStudio,1BA$1,175
447 S. Rampart Blvd - Studio & 1 BedroomZEROStudio,1BA$1,187

Best Value Apartments for Rent in Lafayette Park, CA

As of October 10, 2025 the best value apartment in the Lafayette Park area is the $1.60 price per square foot 1135 S Lake St Model at 1135 S Lake St, Unit 1135 Lake in the in the Westlake neighborhood starting from $2,400. The second greatest value Lafayette Park apartment is the 2BR/2.0BA Model at 310 South Virgil Ave starting at $2,298 with a $1.92 price per square foot in the Wilshire Center neighborhood. Here is today’s list of the best values for Lafayette Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1135 S Lake St, Unit 1135 Lake1135 S Lake St2BR,1.5BA$1.60
310 South Virgil Ave2BR/2.0BA2BR,2BA$1.92
Chateau Nob Hill Apartments1 bedroom1BR,1BA$1.54
Lakeview Apartments2 bedroom 2 bath2BR,2BA$2.10
BEAUTIFUL REMODELED 1 AND 2 BEDROOM UNITS1BR/1.0BA1BR,1BA$2.18
Magnolia City Lights Apartments2 Bedroom2BR,1.5BA$2.23
Crystal House Apartments1 BD/ 1BA1BR,1BA$2.06
418 S. Normandie Ave.1 Bed 1 Bath Large1BR,1BA$2.17
Wilshire Villas North1 Bedroom1BR,1BA$2.12
Wicklow CommonStudioStudio ,1BA$2.17

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Lafayette Park, Los Angeles, CA

Ranked #21

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
Lafayette Park, Los Angeles, CA

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of neighborhoods, cities and towns, and rental properties across California and customized analysis for Los Angeles, California. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including rankings of the best places for convenient access to the outdoors, luxury amenities, transit availability, pet-friendly communities, family-friendliness, walking, and biking. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Lafayette Park Apartments

What is a cheap apartment in Lafayette Park?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Lafayette Park is under $1,187.

What is the price of a cheap apartment in Lafayette Park?

The cheapest apartment in Lafayette Park is San Lucas Apartments Age 62+ which is listed at $1,349, while the average apartment in Lafayette Park costs $4,983.

What types of apartments are the cheapest in Lafayette Park?

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 45 regular apartments in Lafayette Park 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 Lafayette Park?

Cheap apartments in Lafayette Park have an average cost of $230 which is $4,753 cheaper than the average rent for all rentals in Lafayette Park.

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.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

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.