
Cheap Apartments for Rent in the New Downtown Neighborhood of Los Angeles, CA from $400 (82 Rentals)
Search the lowest-cost Apartments available for rent right now in the New Downtown area of Los Angeles.


116 Witmer St

836 S Burlington Ave, Unit 5

505 S Bonnie Brae St

The Charleston Apartments

Wicklow Common

749 Columbia Ave, Unit 201

Westland @ Regina

The President Apartments
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692 Valencia St

255 S Hill St

378 1/2 Columbia Ave

Commodore Regency Apartments

The Devon Apartments - Spacious with Beautiful
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734 S Valencia St

Westland @ Union

357 S Alvarado St

734 S Valencia St

The Flat

406 N Bixel St

Promenade Towers

Santa Fe Lofts
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.

334 Witmer St

Lakeview Apartments

The Collective

City View Apartments
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Los Angeles's Best Affordable Neighborhoods
Learn about Los Angeles and the best places to live with original content written by our Los Angeles, CA Local Expert Rachel Presser
New Downtown, Los Angeles, CA Local Guide

How much does it cost to rent an apartment in New Downtown?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
New Downtown Studio Apartments | $2,383 | $895 | $10,000+ |
New Downtown 1 Bedroom Apartments | $2,952 | $645 | $8,296 |
New Downtown 2 Bedroom Apartments | $4,224 | $1,995 | $10,000+ |
New Downtown 3 Bedroom Apartments | $8,183 | $2,699 | $10,000+ |
New Downtown 4 Bedroom Apartments | $20,500 | $10,000 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 82 rentals with your search options within a 1 mile radius of the New Downtown Neighborhood of Los Angeles, CA.
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New Downtown, Los Angeles, CA Local Guide
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Cheapest Available New Downtown Apartments for Rent
 The cheapest available apartment rental in the New Downtown area of Los Angeles, CA is a 1 Bed unit found at 807 S Flower St priced from $645. Hotel Alexandria has the second lowest priced unit, which is a Studio apartment currently listed from $849. Here are the most affordable New Downtown apartments for rent in Los Angeles, CA:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
807 S Flower St | 1B/1B | 1BR,1BA | $645 |
Hotel Alexandria | Alexandria Apartments 35% | Studio,1BA | $849 |
1723 James M Wood Blvd | Studio | Studio,1BA | $950 |
Wicklow Common | Studio | 1BR,1BA | $1,000 |
Westland @ Regina | Studio | Studio,1BA | $1,175 |
The President Apartments | Bachelor | Studio,1BA | $1,195 |
The Eleanor Apartments | 0 Beds, 1 Baths | Studio,1BA | $1,215 |
San Lucas Apartments Age 62+ | Studio | Studio,1BA | $1,225 |
Best Value Apartments for Rent in New Downtown, CA
As of June 18, 2025 the best value apartment in the New Downtown area is the $1.34 price per square foot 621 S Broadway Model at 621 S Broadway, Unit 3 in the in the City West neighborhood starting from $2,950. The second greatest value New Downtown apartment is the 3 Beds 1 Bath Model at Spring Tower Lofts starting at $3,800 with a $1.90 price per square foot in the City West neighborhood. Here is today’s list of the best values for New Downtown apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
621 S Broadway, Unit 3 | 621 S Broadway | 2BR,1BA | $1.34 |
Spring Tower Lofts | 3 Beds 1 Bath | 3BR,1BA | $1.90 |
800 New Depot St, Unit 1 | 800 New Depot St | 3BR,2BA | $2.20 |
The Mercantile Lofts | 1 Bedroom Loft - Plan 3 | 1BR,1BA | $1.84 |
a813 | 2BR/2.0BA | 2BR,2BA | $1.81 |
City Lofts | Studio | Studio ,1BA | $1.95 |
HB | 0BR/1.0BA | Studio ,1BA | $2.13 |
Lakeview Apartments | 1 bedroom 1 bath | 1BR,1BA | $1.99 |
807 S Flower St | 1B/1B | 1BR,1BA | $0.81 |
Wicklow Common | Studio | Studio ,1BA | $1.74 |
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.
Pet Friendly LifestyleNew Downtown, Los Angeles, CA
Ranked #20
Among neighborhoods in Los Angeles, CA for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Lifestyle Ratings
Our team of engineers and researchers is proud to bring you comprehensive Lifestyle Ratings of rentals in cities and towns across the United States including New Downtown, Los Angeles, and the greater Los Angeles area. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including our Star Ratings to compare for easy access to the parks, luxury amenities, kid and pet-friendly communities, availability of transit options, and more. Find Lifestyle Search in the filter options (above). Happy Searching!
Frequently Asked Questions about Cheap New Downtown Apartments
What is the Cheapest Studio apartment in New Downtown?
Currently the most affordable Cheap Studio Apartment in New Downtown is at Hotel Alexandria listed at $849.
How much is rent for a Cheap One Bedroom New Downtown Apartment?
The lowest price for a Cheap One Bedroom New Downtown Apartment is $645 at 807 S Flower St.
What is the lowest price for a Cheap Two Bedroom New Downtown Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in New Downtown is starting from $1,988 at San Lucas Apartments Age 62+.
What is the most affordable New Downtown Three Bedroom Apartment?
The best deal on a cheap New Downtown Three Bedroom Apartment rental is at Jaide Lofts and starts from $2,750.
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.

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.

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.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.