Cheap Apartments for Rent in the Miracle Mile Neighborhood of Los Angeles, CA from $700 (327 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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Ancelle
Rent Specials
$1,529 - $2,303
Total Monthly Price

Total Monthly Price

Base Rent
$1,529 - $2,303
Total Monthly Price
$1,529 - $2,303
Studio to 1 Bedroom Apartments Available Now

Ancelle

701 S Gramercy DrLos Angeles, CA 90005
Affordability
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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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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. Beverly by Category has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,108. 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
Beverly by CategoryPrivate Room in Shared 6 Bed 5 Bath (A)1BR,1BA$1,108
3316 San Marino St Apartments0 Beds, 1 BathsStudio,1BA$1,199
Park Gramercy Apartments0BR/1.0BAStudio,1BA$1,225
Valdamour ApartmentsBachelorStudio,1BA$1,275
Oxford I975 Oxford Ave #27Studio,1BA$1,295
St. Andrews Manor Apartments...Charming Apartments...1920's Classic Brick..Newly Remodeled Building!StudioStudio,1BA$1,295
919 S. Manhattan PlStudio C5Studio,1BA$1,299
216 S Orange Dr.Shared 4 bed / 3 bath4BR,3BA$1,300
984 S. Oxford Avenue,0x1Studio,1BA$1,345

Best Value Apartments for Rent in Miracle Mile, CA

As of May 21, 2026 the best value apartment in the Miracle Mile area is the $1.61 price per square foot 1058 S Redondo Blvd Model at 1058 S Redondo Blvd, Unit 1058 in the in the Mid Wilshire neighborhood starting from $5,150. The second greatest value Miracle Mile apartment is the Shared 4 bed / 3 bath Model at 216 S Orange Dr. starting at $1,300 with a $0.67 price per square foot in the Mid Wilshire 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.
1058 S Redondo Blvd, Unit 10581058 S Redondo Blvd3BR,1.5BA$1.61
216 S Orange Dr.Shared 4 bed / 3 bath4BR,3BA$0.67
1129 4th Ave, Unit 1129½1129 4th Ave2BR,1.5BA$1.93
5222 W Olympic Blvd, Unit 52225222 W Olympic Blvd2BR,1BA$1.83
4702 W 17th StTwo Bed- Two Bath2BR,2BA$1.65
3976 W 7th St, Unit .53976 W 7th St2BR,1BA$1.27
951 S. Oxford2BR/2.0BA2BR,2BA$1.82
8336 Blackburn Ave1 Bedroom1BR,1BA$2.00
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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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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Pet Friendly Lifestyle
Miracle Mile, Los Angeles, CA

Ranked #15

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!

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 $1,345.

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

The cheapest apartment in Miracle Mile is Beverly by Category which is listed at $1,108, while the average apartment in Miracle Mile costs $5,869.

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 68 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 $845 which is $5,024 cheaper than the average rent for all rentals in Miracle Mile.

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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