Cheap Homes for Rent in the New Downtown Neighborhood of Los Angeles, CA from $1,149 (24 Rentals)

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

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property at 312 W 5th St

$1,650

Total Monthly Price

Total Monthly Price

Base Rent
$1,650
Total Monthly Price
$1,650

Studio, 1 Bath Condo for Rent

Available Now

312 W 5th St, Unit 521

312 W 5th St
Los AngelesCA90013

Los Angeles Essential Guide: Finding Rentals Near LA's Biggest Job Hubs

Working at LAX, Disney, UCLA, or Kaiser Permanente? We detail the best LA neighborhoods—from Westchester to Magnolia Park—to help you find a rental and eliminate your commute.

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Showing Results 1-24, Page 1 of 1

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

Best Value Apartments for Rent in New Downtown, CA

As of August 27, 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
Gas Company LoftsStudio LoftStudio ,1BA$1.99
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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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 #22

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about New Downtown

What type of rentals are currently available in New Downtown?

There are currently 1041 Apartments for Rent in New Downtown, CA with pricing that ranges from $645 to $43,550. There are also 110 Single Family Homes for rent, Condos, and Townhome rentals currently available in New Downtown ranging from $1,149 to $11,000.

What is the current price range for Rental Homes in New Downtown?

Today's rental pricing for Homes for Rent, Condos and Townhomes in New Downtown ranges from $1,149 to $11,000 with an average monthly rent of $2,676.

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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