Cheap Homes for Rent in New Downtown Neighborhood of Los Angeles, CA from $1,000 (36 Rentals)

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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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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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 1-36, 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. 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.0BR/1.0BAStudio,1BA$995
Commodore Regency ApartmentsStudioStudio,1BA$1,095
526 S Union Avenue0+1Studio,1BA$1,099
Broadway FlatsStudioStudio,1BA$1,119
Waldorf ApartmentsStudioStudio,1BA$1,150
San Lucas Apartments Age 62+StudioStudio,1BA$1,150

Best Value Apartments for Rent in New Downtown, CA

As of April 12, 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 4 bedroom / 2 bath Plans M-O Model at Tailor Lofts starting at $2,750 with a $2.06 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
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
The Continental Building1BR/1.0BA1BR,1BA$2.07
Thurman LoftsStudioStudio ,1BA$2.05
City LoftsStudioStudio ,1BA$2.16
Gas Company LoftsStudio LoftStudio ,1BA$2.05
807 S Flower St1B/1B1BR,1BA$0.81
Wicklow CommonStudioStudio ,1BA$2.17

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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 #18

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 1040 Apartments for Rent in New Downtown, CA with pricing that ranges from $645 to $43,550. There are also 134 Single Family Homes for rent, Condos, and Townhome rentals currently available in New Downtown ranging from $1,089 to $8,790.

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 $1,089 to $8,790 with an average monthly rent of $2,747.

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

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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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Articles, How-To's, and Tips

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

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Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.