Cheap Apartments for Rent in the New Downtown Neighborhood of Los Angeles, CA from $330 (149 Rentals)

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

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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 30%Studio,1BA$874
The Charleston Apartments0 Bed/1 Bath BStudio,1BA$995
Villa MetropolitanoStudioStudio,1BA$1,031
Waldorf ApartmentsStudioStudio,1BA$1,075
Hope ManorStudioStudio,1BA$1,084
409 S Union Ave0 Beds, 1 BathsStudio,1BA$1,089
1220 S. Olive St.Studio. 1 Bath. 0 HalfStudio,1BA$1,095

Best Value Apartments for Rent in New Downtown, CA

As of August 26, 2026 the best value apartment in the New Downtown area is the $1.20 price per square foot 621 S Broadway Model at 621 S Broadway, Unit 3 in the in the City West neighborhood starting from $2,650. 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.
621 S Broadway, Unit 3621 S Broadway2BR,1BA$1.20
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
Lakeview Apartments2 bedroom 2 bath2BR,2BA$2.10
Crystal House Apartments1 BD/ 1BA1BR,1BA$2.00
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 #22

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 $1,095.

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 $2,650.

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 56 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 $146 which is $2,504 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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