Cheap Apartments for Rent in the Miracle Mile Neighborhood of Los Angeles, CA from $700 (267 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 238 Serrano Ave

238 Serrano Ave

Los AngelesCA90004

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property at 835 S Oxford Ave

835 S Oxford Ave

Los AngelesCA90005

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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 Studio unit found at St. Andrews Place Apartments priced from $900. Oxford Avenue Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,195. Here are the most affordable Miracle Mile apartments for rent in Los Angeles, CA:

Apartment ListingModel NameBed/BathPriced From
St. Andrews Place ApartmentsBachelorStudio,1BA$900
Oxford Avenue ApartmentsStudioStudio,1BA$1,195
1 & 2 Bedroom Apartment in KoreaTown, Los ...BachelorStudio,1BA$1,195
817 S. St. Andrews Pl0BR/1.0BAStudio,1BA$1,225
Park Gramercy ApartmentsSTUDIOStudio,1BA$1,295
919 S. Manhattan PlStudio BStudio,1BA$1,299
855 S Oxford Ave0 Beds, 1 BathsStudio,1BA$1,299
St. Andrews Manor Apartments - Charming ApartmentsStudioStudio,1BA$1,395
Beverly BoulevardStudioStudio,1BA$1,395

Best Value Apartments for Rent in Miracle Mile, CA

As of August 15, 2025 the best value apartment in the Miracle Mile area is the $0.64 price per square foot 6 Bed 4 Bath-D Model at Wilton by Category in the in the Wilshire Center neighborhood starting from $1,225. 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 $1,445 with a $0.78 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.
Wilton by Category6 Bed 4 Bath-D1BR,1BA$0.64
Beverly by CategoryPrivate Room in Shared 6 Bed 5 Bath (B)1BR,1BA$0.78
Burnside ApartmentsOne Bedroom with dining area1BR,1BA$1.44
6238 Orange St, Unit 62366238 Orange St2BR,1BA$2.00
4702 W 17th StTwo Bed- Two Bath2BR,2BA$1.65
3976 W 7th St, Unit .53976 W 7th St2BR,1BA$1.27
418-420 S Citrus Ave1 bed1BR,1BA$1.73
512 S. Hobart Blvd.One Bedroom1BR,1BA$1.70
314 South Manhattan Place1BR/1.0BA1BR,1BA$1.94
4749 ElmwoodUnit 1033BR,2BA$1.27

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Miracle Mile, Los Angeles, CA

Ranked #7

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
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 $5,900.

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 95 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 $483 which is $5,417 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

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

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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.