Cheap Apartments for Rent in the New Downtown Neighborhood of Los Angeles, CA from $300 (94 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

729 S Union Ave

Los AngelesCA90017

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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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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King Edward
Studio Apartments

King Edward

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

Ballington Plaza

622 Wall StLos Angeles, CA 90014
Senior Living
  • Utilities Included

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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Showing Results 1-50, Page 1 of 2

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. Alexandria Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $927. 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
Alexandria ApartmentsAlexandria Apartments 35%Studio,1BA$927
729 S. Union Ave.Great Studio apartment home for rent near Downt...Studio,1BA$995
Broadway FlatsStudioStudio,1BA$1,119
EBA0BR/1.0BAStudio,1BA$1,140
Royal VikingStudio 7Studio,1BA$1,145
Waldorf ApartmentsStudioStudio,1BA$1,150
San Lucas Apartments Age 62+StudioStudio,1BA$1,150
Westland @ ReginaStudioStudio,1BA$1,175
The FlatSTUDIOStudio,1BA$1,195

Best Value Apartments for Rent in New Downtown, CA

As of November 17, 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 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
Ames Lofts1 Bed 2 Bath1BR,2BA$1.87
720 Bartlett St2 Bedroom 1 Bath2BR,1BA$1.73
Close to everything, far from the ordinary1BR/1.0BA1BR,1BA$2.07
Rosslyn Lofts ApartmentsLoft GStudio ,1BA$1.88
Hellman Lofts0BR/1.0BAStudio ,1BA$2.03
City LoftsStudioStudio ,1BA$2.16
Crystal House Apartments1 BD/ 1BA1BR,1BA$2.00
807 S Flower St1B/1B1BR,1BA$0.81

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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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

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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 #19

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 the Cheapest Studio apartment in New Downtown?

Currently the most affordable Cheap Studio Apartment in New Downtown is at Alexandria Apartments listed at $927.

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 215-225 Lucas Ave and starts from $2,699.

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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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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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

Written by: Trey Huguley

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.