Cheap Homes for Rent in New Downtown Neighborhood of Los Angeles, CA from $1,100 (30 Rentals)

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

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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property at 312 W 5th St

$1,900

1 Bedroom, 1 Bath Condo for Rent

Available Now

312 W 5th St

Los AngelesCA90013

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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property at 1249 S Grand Ave

$1,970 - $3,153

Studio To 2 Bedroom Rentals

Available Now

1249 S Grand Ave

Los AngelesCA90015
property at 312 W 5th St

$2,000

1 Bedroom, 1 Bath Condo for Rent

Available Now

312 W 5th St

Los AngelesCA90013
property at 312 W 5th St

$2,000

1 Bedroom, 1 Bath Condo for Rent

Available Now

312 W 5th St

Los AngelesCA90013

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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property at 460 S Spring St

$2,000 - $2,500

Studio To 1 Bedroom Rentals

Available Now

460 S Spring St

Los AngelesCA90013
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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. New Genesis Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $795. 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
New Genesis ApartmentsStudioStudio,1BA$795
Huntington ApartmentsBachelor StudioStudio,1BA$800
Alexandria ApartmentsAlexandria Apartments 35%Studio,1BA$927
729 S. Union Ave.Great Studio apartment home for rent near Downt...Studio,1BA$995
Commodore Regency ApartmentsStudioStudio,1BA$1,095
Royal VikingStudio 2Studio,1BA$1,095
Lake Valley ApartmentsStudioStudio,1BA$1,100
Broadway FlatsStudioStudio,1BA$1,119
Waldorf ApartmentsStudioStudio,1BA$1,150

Best Value Apartments for Rent in New Downtown, CA

As of January 01, 2026 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
Gas Company LoftsTwo Bedroom2BR,2BA$2.18
Rosslyn Lofts ApartmentsLoft KStudio ,1BA$1.64
Close to everything, far from the ordinary! Live near it all!1BR/1.0BA1BR,1BA$2.07
Lakeview Apartments2 bedroom 2 bath2BR,2BA$2.10
City LoftsStudioStudio ,1BA$2.16
Crystal House Apartments1 BD/ 1BA1BR,1BA$2.00
807 S Flower St1B/1B1BR,1BA$0.81
Wicklow CommonStudioStudio ,1BA$2.17

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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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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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

How much rent can you afford?

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 #20

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 1036 Apartments for Rent in New Downtown, CA with pricing that ranges from $645 to $43,550. There are also 123 Single Family Homes for rent, Condos, and Townhome rentals currently available in New Downtown ranging from $1,187 to $20,500.

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 $1,187 to $20,500 with an average monthly rent of $5,088.

How much are larger Three and Four Bedroom Rentals in New Downtown?

For those who are looking for larger living arrangements, Three Bedroom Apartments in New Downtown range from $2,699 to $43,550, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,785 to $6,990. Four Bedroom Single-Family rentals are also available starting from $5,490 and Four Bedroom Apartments start at $2,750.

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.

Helpful Local Expert Guides

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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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A Local Expert's Top Neighborhood Guide for Renters While Attending Major Colleges and Universities in Los Angeles

Written by: Rachel Presser

When most people think of collegiate destination cities, Boston and New York often come to mind in addition to smaller college towns.

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More Than Just Hollywood: A Local Experts Deep Dive into LA Living

Written by: Rachel Presser

Hi from LA! I’m Rachel, your ApartmentHomeLiving.com Local Expert for Los Angeles, CA.

Articles, How-To's, and Tips

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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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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!