Cheap Apartments for Rent in the Miracle Mile Neighborhood of Los Angeles, CA from $700 (256 Rentals)

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

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property at 4270 4th St

4270 4th St

Los AngelesCA90020

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property at 238 Serrano Ave

238 Serrano Ave

Los AngelesCA90004

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Miracle Mile, Los Angeles, CA Local Guide

Cheapest Available Miracle Mile Apartments for Rent

 

The cheapest available apartment rental in the Miracle Mile area of Los Angeles, CA is a 3 Beds unit found at 4749 Elmwood priced from $1,150. 919 S. Manhattan Pl has the second lowest priced unit, which is a Studio apartment currently listed from $1,299. Here are the most affordable Miracle Mile apartments for rent in Los Angeles, CA:

Apartment ListingModel NameBed/BathPriced From
4749 ElmwoodUnit PH43BR,2BA$1,150
919 S. Manhattan PlStudio BStudio,1BA$1,299
539 S Serrano AveSTUDIOStudio,1BA$1,300
Mansfield ApartmentsSTUDIOStudio,1BA$1,300
1910 S Hobart BlvdStudioStudio,1BA$1,350
Cozy Apartment in KoreatownStudioStudio,1BA$1,395
St. Andrews Manor Apartments - Charming ApartmentsStudioStudio,1BA$1,395
La Wiltona Apartments0BR/1.0BAStudio,1BA$1,395
984 S. Oxford Avenue,0x1Studio,1BA$1,395

Best Value Apartments for Rent in Miracle Mile, CA

As of June 27, 2025 the best value apartment in the Miracle Mile area is the $2.05 price per square foot 3 Bedroom, 2 Bath Model at Gramercy Apartments in the in the Wilshire Center neighborhood starting from $3,999. The second greatest value Miracle Mile apartment is the Private Room in Shared 6 Bed 5 Bath (B) Model at Beverly by Category starting at $1,476 with a $0.80 price per square foot in the Wilshire Center neighborhood. Here is today’s list of the best values for Miracle Mile apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Gramercy Apartments3 Bedroom, 2 Bath3BR,2BA$2.05
Beverly by CategoryPrivate Room in Shared 6 Bed 5 Bath (B)1BR,1BA$0.80
Wilton by Category5 Bed 3 Bath-B1BR,1BA$0.58
4702 W 17th StTwo Bed- Two Bath2BR,2BA$1.65
3976 W 7th St, Unit .53976 W 7th St2BR,1BA$1.64
2301 S Ridgeley Dr2 Bed + 1 Bath2BR,1BA$2.05
226 South Serrano2BR/2.0BA2BR,2BA$1.91
124 S Croft Ave, Unit 103124 S Croft Ave1BR,1BA$1.30
Redondo Manor1x11BR,1BA$1.67
4749 ElmwoodUnit 1033BR,2BA$1.36

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Pet Friendly Lifestyle
Miracle Mile, Los Angeles, CA

Ranked #8

Among neighborhoods in Los Angeles, CA for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Miracle Mile, Los Angeles, CA

School data provided by Great Schools

Lifestyle Ratings

Our team of engineers and researchers works hard to bring you comprehensive Lifestyle Ratings of neighborhoods, areas, and rental properties across California, including Los Angeles. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including our Star Ratings to compare for easy access to the parks, luxury amenities, transit availability, pet-friendly communities, places that make kids happy, walking, and biking. Find Lifestyle Search in the filter options (above). Happy Searching!

Getting Around the Miracle Mile Neighborhood in Los Angeles, CA

Walk Score®

89 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

65 / 100

Bikeable

Some bike infrastructure

Transit Score®

64 / 100

Good Transit

Many nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Miracle Mile Apartments

What is a cheap apartment in Miracle Mile?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Miracle Mile is under $1,395.

What is the price of a cheap apartment in Miracle Mile?

The cheapest apartment in Miracle Mile is The Versailles which is listed at $1,495, while the average apartment in Miracle Mile costs $4,901.

What types of apartments are the cheapest in Miracle Mile?

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 105 regular apartments in Miracle Mile 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 Miracle Mile?

Cheap apartments in Miracle Mile have an average cost of $447 which is $4,454 cheaper than the average rent for all rentals in Miracle Mile.

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.

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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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.