Cheap Apartments for Rent in the New Downtown Neighborhood of Los Angeles, CA from $300 (198 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 749 Columbia Ave

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100
Total Monthly Price
$1,100

1 Bedroom, 1 Bath Home for Rent

Available Now

749 Columbia Ave

Los AngelesCA90017

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 1513 W 12th Pl

$1,190

1 Bedroom, 1 Bath Rentals

Available Now

12

1513 W 12th Pl
Los AngelesCA90015

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 1513 W 12th Pl

$1,250

1 Bedroom, 1 Bath Rentals

Available Now

4

1513 W 12th Pl
Los AngelesCA90015

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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Museum Tower
Rent Specials
$1,496 - $8,469
Total Monthly Price

Total Monthly Price

Base Rent
$1,496 - $8,469
Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

Museum Tower

225 S Olive StLos Angeles, CA 90012
Furnished
  • Verified
  • Customer Reviewed
  • Utilities Included

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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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. Huntington Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $800. 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
Huntington ApartmentsBachelor StudioStudio,1BA$800
Alexandria ApartmentsAlexandria Apartments 35%Studio,1BA$927
The Charleston Apartments0 Bed/1 Bath BStudio,1BA$995
Villa MetropolitanoStudioStudio,1BA$1,031
Hope ManorStudioStudio,1BA$1,084
Lake Valley ApartmentsStudioStudio,1BA$1,100
Broadway FlatsStudioStudio,1BA$1,135
Waldorf ApartmentsStudioStudio,1BA$1,150
San Lucas Apartments Age 62+StudioStudio,1BA$1,150

Best Value Apartments for Rent in New Downtown, CA

As of July 12, 2026 the best value apartment in the New Downtown area is the $2.09 price per square foot 2BR/1.0BA Model at Hellman Lofts in the in the City West neighborhood starting from $4,375. The second greatest value New Downtown apartment is the 420 S San Pedro St Model at 420 S San Pedro St, Unit 103 starting at $3,600 with a $1.77 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.
Hellman Lofts2BR/1.0BA2BR,1BA$2.09
420 S San Pedro St, Unit 103420 S San Pedro St1BR,1BA$1.77
Spring Tower Lofts2 Beds 1 Bath2BR,1BA$1.90
Tailor Lofts4 bedroom / 2 bath Plans M-O4BR,2BA$2.06
725-729 S Spring StLoftsStudio ,1BA$1.66
720 Bartlett St2 Bedroom 1 Bath2BR,1BA$1.77
The Continental Building1BR/1.0BA1BR,1BA$2.07
Lakeview Apartments2 bedroom 2 bath2BR,2BA$2.10
807 S Flower St1B/1B1BR,1BA$0.81
Villa MetropolitanoStudioStudio ,1BA$2.06

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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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 #21

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 $1,150.

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 $16,133.

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 58 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 $109 which is $16,024 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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