Cheap Homes for Rent in Miracle Mile Neighborhood of Los Angeles, CA from $1,000 (61 Rentals)

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

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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More Than Just Hollywood: A Local Expert's Deep Dive into LA Living

Moving to Los Angeles? Get an insider's view on desirable neighborhoods like Koreatown, Los Feliz, and NELA, plus crucial insight on LA's vast sprawl and transit.

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property at 634 S Gramercy Pl

$1,199 - $2,725

Studio To 2 Bedroom Rentals

Available Now

634 S Gramercy Pl

Los AngelesCA90005

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

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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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. Wilton by Category has the second lowest priced unit, which is a 1 Bed apartment currently listed from $998. 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
Wilton by Category305 Private Bedroom 6 Bed 4 Bath F1BR,1BA$998
Oxford SuitesStudio 5Studio,1BA$1,095
Beverly by CategoryPrivate Room in Shared 6 Bed 5 Bath (A)1BR,1BA$1,213
919 S. Manhattan PlApartment D1Studio,1BA$1,249
Park Gramercy ApartmentsSTUDIOStudio,1BA$1,295
Valdamour ApartmentsBachelorStudio,1BA$1,295
984 S. Oxford Avenue,0x1Studio,1BA$1,295
Affordable and Charming StudiosiSpecial StudioStudio,1BA$1,295
Wilton Way ApartmentsSTUDIOStudio,1BA$1,350

Best Value Apartments for Rent in Miracle Mile, CA

As of March 04, 2026 the best value apartment in the Miracle Mile area is the $2.00 price per square foot 1505 S Dunsmuir Ave Model at 1505 S Dunsmuir Ave, Unit 1505 in the in the Mid Wilshire neighborhood starting from $3,999. The second greatest value Miracle Mile apartment is the 3 Bedroom, 2 Bath Model at Gramercy Apartments starting at $3,750 with a $1.92 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.
1505 S Dunsmuir Ave, Unit 15051505 S Dunsmuir Ave3BR,2.5BA$2.00
Gramercy Apartments3 Bedroom, 2 Bath3BR,2BA$1.92
Beverly by CategoryPrivate Room in Shared 6 Bed 5 Bath (A)1BR,1BA$0.66
2335 S Crenshaw Blvd, Unit 23352335 S Crenshaw Blvd4BR,4BA$2.14
Wilton by Category501 Private Bedroom 5 Bed 3 Bath i1BR,1BA$0.64
4702 W 17th StTwo Bed- Two Bath2BR,2BA$1.65
5th Street Apartments- Luxurious Bedrooms with Covered Parking! Call Now!2 BD/2 BA2BR,2BA$1.89
Sunflower Norton ApartmentsB2BR,2BA$2.08
510 N Van Ness Ave, Unit 508 N.510 N Van Ness Ave1BR,1BA$2.17
1513 S Arlington AveStudioStudio ,1BA$2.14

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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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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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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Quick Rent Budget Calculator

How much rent can you afford?

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

Frequently Asked Questions about Miracle Mile

What type of rentals are currently available in Miracle Mile?

There are currently 4046 Apartments for Rent in Miracle Mile, CA with pricing that ranges from $900 to $15,000. There are also 424 Single Family Homes for rent, Condos, and Townhome rentals currently available in Miracle Mile ranging from $1,095 to $32,000.

What is the current price range for Rental Homes in Miracle Mile?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Miracle Mile ranges from $1,095 to $32,000 with an average monthly rent of $8,060.

How much are larger Three and Four Bedroom Rentals in Miracle Mile?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Miracle Mile range from $2,900 to $8,226, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,695 to $18,000. Four Bedroom Single-Family rentals are also available starting from $3,688 and Four Bedroom Apartments start at $3,300.

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.

Helpful Local Expert Guides

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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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A Local Expert's Top Neighborhood Guide for Renters While Attending Major Colleges and Universities in Los Angeles

Written by: Rachel Presser

When most people think of collegiate destination cities, Boston and New York often come to mind in addition to smaller college towns.

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More Than Just Hollywood: A Local Experts Deep Dive into LA Living

Written by: Rachel Presser

Hi from LA! I’m Rachel, your ApartmentHomeLiving.com Local Expert for Los Angeles, CA.

Articles, How-To's, and Tips

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.