Cheap Apartments for Rent in the Pico-Union Neighborhood of Los Angeles, CA from $500 (154 Rentals)

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

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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 1288 W 23rd St

1288 W 23rd St

Los AngelesCA90007

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

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Pico-Union, Los Angeles, CA Local Guide

Cheapest Available Pico-Union Apartments for Rent

 

The cheapest available apartment rental in the Pico-Union area of Los Angeles, CA is a Studio unit found at 647 18th St priced from $849. 1723 James M Wood Blvd has the second lowest priced unit, which is a Studio apartment currently listed from $950. Here are the most affordable Pico-Union apartments for rent in Los Angeles, CA:

Apartment ListingModel NameBed/BathPriced From
647 18th StStudio Private BathStudio,1BA$849
1723 James M Wood BlvdStudioStudio,1BA$950
926 S Lake St1 Bed, 1 bath1BR,1BA$950
Wicklow CommonStudio1BR,1BA$1,000
Arthur Emery Apartments0BR/1.0BAStudio,1BA$1,145
Casas On Cordova Street Apartments0BR/1.0BAStudio,1BA$1,187
The President ApartmentsBachelorStudio,1BA$1,195

Best Value Apartments for Rent in Pico-Union, CA

As of June 18, 2025 the best value apartment in the Pico-Union area is the $2.07 price per square foot 8x7 Model at 705 W 23rd St in the in the Southeast Los Angeles neighborhood starting from $6,999. The second greatest value Pico-Union apartment is the 2209 W 12th St Model at 2209 W 12th St, Unit Apt A starting at $1,100 with a $0.48 price per square foot in the Westlake neighborhood. Here is today’s list of the best values for Pico-Union apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
705 W 23rd St8x76BR,6.5BA$2.07
2209 W 12th St, Unit Apt A2209 W 12th St4BR,1.5BA$0.48
1820 S Harvard Blvd, Unit 1820 Harvard1820 S Harvard Blvd3BR,2BA$2.31
1370 W 24th St, Unit 13701370 W 24th St3BR,1BA$2.41
845 S. Kingsley2BR/2.0BA2BR,2BA$2.04
Modern & Stylish 2-Bedroom ApartmentNewly Remodeled Spacious 2 Bedroom 1 Bath2BR,1BA$2.30
1952 1/2 S La Salle Ave, Unit West Adams Heights1952 1/2 S La Salle Ave1BR,1BA$2.00
1822 Arapahoe St, Unit 1822 Arapahoe1822 Arapahoe St1BR,1BA$2.00
Texere Plaza Lofts5531BR,2.5BA$2.28
Wicklow CommonStudioStudio ,1BA$1.74

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Pico-Union, Los Angeles, CA

Ranked #105

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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Best Local Schools in
Pico-Union, Los Angeles, CA

School data provided by Great Schools

Getting Around the Pico-Union Neighborhood in Los Angeles, CA

Walk Score®

89 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

78 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

81 / 100

Excellent Transit

Transit is convenient for most trips

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Pico-Union Apartments

What is a cheap apartment in Pico-Union?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Pico-Union is under $1,195.

What is the price of a cheap apartment in Pico-Union?

The cheapest apartment in Pico-Union is 926 S Lake St which is listed at $950, while the average apartment in Pico-Union costs $11,750.

What types of apartments are the cheapest in Pico-Union?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 22 regular apartments in Pico-Union that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Pico-Union?

Cheap apartments in Pico-Union have an average cost of $1,114 which is $10,636 cheaper than the average rent for all rentals in Pico-Union.

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.

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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.