Cheap Apartments for Rent in the Miracle Mile Neighborhood of Los Angeles, CA from $700 (333 Rentals)

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

property at 920 S Hobart Blvd

920 S Hobart Blvd

Los AngelesCA90006
property at 238 Serrano Ave

238 Serrano Ave

Los AngelesCA90004
property at 426 Serrano Ave

426 Serrano Ave

Los AngelesCA90020
Showing Results 1-50, Page 1 of 7

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
919 S. Manhattan PlStudio B2Studio,1BA$1,249
Park Gramercy ApartmentsSTUDIOStudio,1BA$1,295
St. Andrews Manor Apartments - Charming ApartmentsStudioStudio,1BA$1,295
Beverly BoulevardStudioStudio,1BA$1,295
984 S. Oxford Avenue,0x1Studio,1BA$1,295
238 South Serrano Ave0BR/1.0BAStudio,1BA$1,325
Valdamour ApartmentsBachelorStudio,1BA$1,350

Best Value Apartments for Rent in Miracle Mile, CA

As of November 17, 2025 the best value apartment in the Miracle Mile area is the $0.33 price per square foot 407 N Sycamore Ave Model at 407 N Sycamore Ave, Unit Beautiful Two Bedroom in the in the Mid Wilshire neighborhood starting from $3,000. 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 $1,272 with a $0.69 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.
407 N Sycamore Ave, Unit Beautiful Two Bedroom407 N Sycamore Ave1BR,1BA$0.33
Beverly by CategoryPrivate Room in Shared 6 Bed 5 Bath (B)1BR,1BA$0.69
464 N Stanley1 Bed 1 Bath1BR,1BA$1.75
5222 W Olympic Blvd, Unit 52225222 W Olympic Blvd2BR,1BA$1.97
Burnside ApartmentsTwo Bedroom loft with private roof deck2BR,2BA$1.93
4702 W 17th StTwo Bed- Two Bath2BR,2BA$1.65
2111 6th Ave2111 6th Ave1BR,1BA$1.92
1916 S Longwood Ave, Unit 31916 S Longwood Ave1BR,1BA$1.92
2301 S Ridgeley Dr2 Bed + 1 Bath2BR,1BA$2.04
2486 Venice Blvd, Unit 042486 Venice BlvdStudio ,1BA$1.81

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Pet Friendly Lifestyle
Miracle Mile, Los Angeles, CA

Ranked #10

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 $1,350.

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 $9,134.

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 98 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 $1,284 which is $7,850 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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How to Negotiate Your Apartment Lease and Save Money

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The Rental Move-In Inspection Checklist: A Guide for Renters

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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.