Cheap Homes for Rent in New Downtown Neighborhood of Los Angeles, CA from $1,000 (41 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

property at 744 Beacon Ave

744 Beacon Ave

Los AngelesCA90017

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.

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.

property at 1913 W 2nd St

1913 W 2nd St

Los AngelesCA90057
property at 1911 W 2nd St

1911 W 2nd St

Los AngelesCA90057
property at 1915 W 2nd St

1915 W 2nd St

Los AngelesCA90057
property at 430 S Broadway

430 S Broadway

Los AngelesCA90013

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.

property at 432 S Broadway

432 S Broadway

Los AngelesCA90013
property at 430 S Broadway

430 S Broadway

Los AngelesCA90013
property at 430 S Broadway

430 S Broadway

Los AngelesCA90013
property at 1249 S Grand Ave

1249 S Grand Ave

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.

property at 312 W 5th St

312 W 5th St

Los AngelesCA90013
property at 1119 Albany St

1119 Albany St

Los AngelesCA90015
property at 215 W 7th St

215 W 7th St

Los AngelesCA90014

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.

property at 125 4th St

125 4th St

Los AngelesCA90013

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. Lake Valley Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,050. 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
Lake Valley ApartmentsStudioStudio,1BA$1,050
Westland @ ReginaStudioStudio,1BA$1,175
427 S Alvarado StStudio + 1 BathStudio,1BA$1,195
Waldorf ApartmentsStudioStudio,1BA$1,200
Landmark TowersEfficiency UnitStudio,1BA$1,205
San Lucas Apartments Age 62+StudioStudio,1BA$1,225
Wicklow CommonStudioStudio,1BA$1,250
Commodore Regency ApartmentsStudioStudio,1BA$1,295

Best Value Apartments for Rent in New Downtown, CA

As of September 18, 2025 the best value apartment in the New Downtown area is the $0.90 price per square foot 1711 Miramar St Model at 1711 Miramar St in the in the City West neighborhood starting from $2,200. The second greatest value New Downtown apartment is the 621 S Broadway Model at 621 S Broadway, Unit 3 starting at $2,950 with a $1.34 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.
1711 Miramar St1711 Miramar St1BR,1BA$0.90
621 S Broadway, Unit 3621 S Broadway2BR,1BA$1.34
Spring Tower Lofts3 Beds 1 Bath3BR,1BA$1.90
Tailor LoftsStudio/1 Bed 1BathStudio ,1BA$1.83
Marley Lofts2 Bedroom 2 Bath2BR,2BA$2.15
1154 Bellevue AveOne Bedroom Loft1BR,1BA$2.11
City LoftsStudioStudio ,1BA$2.16
Crystal House Apartments1 BD/ 1BA1BR,1BA$2.06
Lakeview Apartments1 bedroom 1 bath1BR,1BA$1.99
807 S Flower St1B/1B1BR,1BA$0.81

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.

decorative image of people with a giant lease agreement

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

decorative image of woman handing cat to small boy

Frequently Asked Questions about New Downtown

What type of rentals are currently available in New Downtown?

There are currently 1019 Apartments for Rent in New Downtown, CA with pricing that ranges from $645 to $43,550. There are also 141 Single Family Homes for rent, Condos, and Townhome rentals currently available in New Downtown ranging from $1,056 to $14,999.

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 $1,056 to $14,999 with an average monthly rent of $3,583.

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.

decorative image for The 10 Best Affordable Neighborhoods in Los Angeles, CA article

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.

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.