Cheap Homes for Rent in Miracle Mile Neighborhood of Los Angeles, CA from $700 (61 Rentals)

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

property at 2114 S Rimpau Blvd

$900

Total Monthly Price

Total Monthly Price

Base Rent
$900
Total Monthly Price
$900

1 Bedroom, 1 Bath Home for Rent

Available Now

2114 S Rimpau Blvd

Los AngelesCA90016

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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property at 451 S Harvard Blvd

$1,495 - $1,795

Studio To 1 Bedroom Rentals

Available Now

451 S Harvard Blvd

Los AngelesCA90020

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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property at 1927 Hauser Blvd

$1,699

Total Monthly Price

Total Monthly Price

Base Rent
$1,699
Total Monthly Price
$1,699

Studio, 1 Bath Home for Rent

Available Now

1927 Hauser Blvd

Los AngelesCA90016

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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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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Showing Results 1-50, Page 1 of 2

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. St. Moritz Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,055. 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
St. Moritz ApartmentsBachelor w CountertopStudio,1BA$1,055
Wilton by Category204 304 404 504 Private Bedroom 6 Bed 4 Bath D1BR,1BA$1,152
3316 San Marino St Apartments0 Beds, 1 BathsStudio,1BA$1,199
Park Gramercy Apartments0BR/1.0BAStudio,1BA$1,225
Valdamour ApartmentsBachelorStudio,1BA$1,275
984 S. Oxford Avenue,0x1Studio,1BA$1,295
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
Urban Living at its BestStudio BasementStudio,1BA$1,295

Best Value Apartments for Rent in Miracle Mile, CA

As of June 03, 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
409 N Curson Ave, Unit 409409 N Curson Ave1BR,1BA$1.13
1129 4th Ave, Unit 1129½1129 4th Ave2BR,1.5BA$1.93
4702 W 17th StTwo Bed- Two Bath2BR,2BA$1.65
3976 W 7th St, Unit .53976 W 7th St2BR,1BA$1.27
616 North Sweetzer Avenue1BR/1.5BA1BR,1.5BA$1.88
314 South Manhattan Place1BR/1.0BA1BR,1BA$1.82
3900 Ingraham ApartmentStudio1BR,1BA$1.87
245 South Serrano Ave1BR/1.0BA1BR,1BA$2.00

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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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 4048 Apartments for Rent in Miracle Mile, CA with pricing that ranges from $900 to $25,000. There are also 370 Single Family Homes for rent, Condos, and Townhome rentals currently available in Miracle Mile ranging from $900 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 $900 to $32,000 with an average monthly rent of $8,045.

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 $2,995 to $8,995, while Three Bedroom Homes, Condos, and Townhomes for rent range from $3,200 to $22,950. Four Bedroom Single-Family rentals are also available starting from $3,688 and Four Bedroom Apartments start at $1,300.

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.

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