Cheap Apartments for Rent in the New Downtown Neighborhood of Los Angeles, CA from $400 (82 Rentals)

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

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.

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.

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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Ballington Plaza
Studio Apartments

Ballington Plaza

622 Wall StLos Angeles, CA 90014
Senior Living
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King Edward
Studio Apartments

King Edward

121 E 5th StLos Angeles, CA 90013
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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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Hotel Alexandria
Studio to 1 Bedroom Apartments

Hotel Alexandria

501-517 S Spring StLos Angeles, CA 90013
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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
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1220 S Olive St
Studio to 1 Bedroom Apartments

1220 S Olive St

1220 S Olive StLos Angeles, CA 90015

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Bonnie Brae Village
1 to 2 Bedroom Apartments

Bonnie Brae Village

208 S Bonnie Brae StLos Angeles, CA 90057
Senior Living
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1329 W. 5th St.
Studio Apartments

1329 W. 5th St.

1329 W 5th StLos Angeles, CA 90017
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265 Columbia Ave
Studio Apartments

265 Columbia Ave

265 Columbia AveLos Angeles, CA 90026
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Grand View Apartments
Studio to 1 Bedroom Apartments

Grand View Apartments

416 S Grand View StLos Angeles, CA 90057
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Regal Lofts
Studio Apartments

Regal Lofts

939 Valencia StLos Angeles, CA 90015
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Maryland
Studio to 1 Bedroom Apartments

Maryland

1318 Maryland StLos Angeles, CA 90017
  • Utilities Included

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

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 ListingModel NameBed/BathPriced From
807 S Flower St1B/1B1BR,1BA$645
Hotel AlexandriaAlexandria Apartments 35%Studio,1BA$849
1723 James M Wood BlvdStudioStudio,1BA$950
Wicklow CommonStudio1BR,1BA$1,000
Westland @ ReginaStudioStudio,1BA$1,175
The President ApartmentsBachelorStudio,1BA$1,195
The Eleanor Apartments0 Beds, 1 BathsStudio,1BA$1,215
San Lucas Apartments Age 62+StudioStudio,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 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
800 New Depot St, Unit 1800 New Depot St3BR,2BA$2.20
The Mercantile Lofts1 Bedroom Loft - Plan 31BR,1BA$1.84
a8132BR/2.0BA2BR,2BA$1.81
City LoftsStudioStudio ,1BA$1.95
HB0BR/1.0BAStudio ,1BA$2.13
Lakeview Apartments1 bedroom 1 bath1BR,1BA$1.99
807 S Flower St1B/1B1BR,1BA$0.81
Wicklow CommonStudioStudio ,1BA$1.74

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
New Downtown, Los Angeles, CA

Ranked #20

Among neighborhoods in Los Angeles, CA 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 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.

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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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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.

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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.

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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.