Cheap Apartments for Rent in the New Downtown Neighborhood of Los Angeles, CA from $300 (92 Rentals)

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

property at 729 S Union Ave

$995

Studio To 1 Bedroom Rentals

Available Now

729 S Union Ave

Los AngelesCA90017

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King Edward
Studio Apartments

King Edward

121 E 5th StLos Angeles, CA 90013
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Ballington Plaza
Studio Apartments

Ballington Plaza

622 Wall StLos Angeles, CA 90014
Senior Living
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1511 W 4th
Studio to 1 Bedroom Apartments

1511 W 4th

1511 W 4th StLos Angeles, CA 90017
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553 Ceres Ave
Studio Apartments

553 Ceres Ave

553 Ceres AveLos Angeles, CA 90013
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631 S Bonnie Brae St
Studio to 2 Bedroom Apartments

631 S Bonnie Brae St

631 S Bonnie Brae StLos Angeles, CA 90057
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Bristol Apartments
Studio Apartments

Bristol Apartments

423 W 8th StLos Angeles, CA 90014
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1723 James M Wood Blvd
Studio to 1 Bedroom Apartments

1723 James M Wood Blvd

1723 James M Wood BlvdLos Angeles, CA 90015
  • Utilities Included

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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New Downtown, Los Angeles, CA Local Guide

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. New Genesis Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $795. Here are the most affordable New Downtown apartments for rent in Los Angeles, CA:

Apartment ListingModel NameBed/BathPriced From
807 S Flower St1B/1B1BR,1BA$645
New Genesis ApartmentsStudioStudio,1BA$795
Huntington ApartmentsBachelor StudioStudio,1BA$800
Alexandria ApartmentsAlexandria Apartments 35%Studio,1BA$927
729 S. Union Ave.Great Studio apartment home for rent near Downt...Studio,1BA$995
Royal VikingStudio 2Studio,1BA$1,095
Commodore Regency ApartmentsStudioStudio,1BA$1,095
Lake Valley ApartmentsStudioStudio,1BA$1,100
Broadway FlatsStudioStudio,1BA$1,119
EBA0BR/1.0BAStudio,1BA$1,140

Best Value Apartments for Rent in New Downtown, CA

As of January 02, 2026 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 ListingModel NameBed/BathPrice Per Sq.Ft.
621 S Broadway, Unit 3621 S Broadway2BR,1BA$1.34
Spring Tower Lofts3 Beds 1 Bath3BR,1BA$1.90
Gas Company LoftsTwo Bedroom2BR,2BA$2.18
Rosslyn Lofts ApartmentsLoft KStudio ,1BA$1.64
Close to everything, far from the ordinary! Live near it all!1BR/1.0BA1BR,1BA$2.07
Lakeview Apartments2 bedroom 2 bath2BR,2BA$2.10
City LoftsStudioStudio ,1BA$2.16
Crystal House Apartments1 BD/ 1BA1BR,1BA$2.00
807 S Flower St1B/1B1BR,1BA$0.81
Wicklow CommonStudioStudio ,1BA$2.17

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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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

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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
New Downtown, Los Angeles, CA

Ranked #20

Among cities in California for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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 a cheap apartment in New Downtown?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in New Downtown is under $1,140.

What is the price of a cheap apartment in New Downtown?

The cheapest apartment in New Downtown is 807 S Flower St which is listed at $645, while the average apartment in New Downtown costs $13,375.

What types of apartments are the cheapest in New Downtown?

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 67 regular apartments in New Downtown 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 New Downtown?

Cheap apartments in New Downtown have an average cost of $126 which is $13,249 cheaper than the average rent for all rentals in New Downtown.

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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