Cheap Apartments for Rent in the Pico-Union Neighborhood of Los Angeles, CA from $500 (262 Rentals)

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

property at 1819 Arapahoe St

$700

Total Monthly Price

Total Monthly Price

Base Rent
$700
Total Monthly Price
$700

3 Bedroom, 3 Bath Townhome for Rent

Available Now

1819 Arapahoe St, Unit 1

1819 Arapahoe St
Los AngelesCA90006

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property at 1513 W 12th Pl

$1,130

1 Bedroom, 1 Bath Rentals

Available Now

4

1513 W 12th Pl
Los AngelesCA90015

Rent According to Income: A Look at Income-Restricted Rentals

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Showing Results 1-50, Page 1 of 6

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 2765 Francis Ave priced from $699. Olympic Hotel has the second lowest priced unit, which is a Studio apartment currently listed from $832. Here are the most affordable Pico-Union apartments for rent in Los Angeles, CA:

Apartment ListingModel NameBed/BathPriced From
2765 Francis AveSharedStudio,1BA$699
Olympic HotelModel AStudio,1BA$832
The Sinclair LAModel DStudio,1BA$832
Premium Phoenix ApartmentsOrion 1421 Adams Floorplan C13 (No balcony) (50...4BR,2BA$950
The Charleston Apartments0 Bed/1 Bath BStudio,1BA$995
1110 S Lake St0 Beds, 1 BathsStudio,1BA$1,001
2600 S Catalina StPRIVATE BEDROOM - SHARED UNIT1BR,1BA$1,100
1024 Menlo Ave0 Beds, 1 BathsStudio,1BA$1,141
Landmark TowersEfficiency UnitStudio,1BA$1,145

Best Value Apartments for Rent in Pico-Union, CA

As of August 07, 2026 the best value apartment in the Pico-Union area is the $1.80 price per square foot Lofts Bigger Model at 1725 W. 6th St in the in the City West neighborhood starting from $2,145. The second greatest value Pico-Union apartment is the 2BR/2.0BA Model at 845 S. Kingsley starting at $2,098 with a $1.91 price per square foot in the Wilshire 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.
1725 W. 6th StLofts BiggerStudio ,1BA$1.80
845 S. Kingsley2BR/2.0BA2BR,2BA$1.91
Premium Phoenix ApartmentsOrion 1421 Adams Floorplan C13 (No balcony) (50...4BR,2BA$0.88
2646 Orchard Ave, Unit 26482646 Orchard Ave2BR,1BA$2.10
1355 W 23rd St, Unit #11355 W 23rd St3BR,2BA$1.22
916 Carondelet1BR/1BA1BR,1BA$2.27
The Ritz ApartmentsStudioStudio ,1BA$2.25
USC Student Housing - The Hive On Ellendale2x2 Deluxe2BR,2BA$1.58
Heritage 23531BR/1BA1BR,1BA$2.21
1110 S Lake St0 Beds, 1 BathsStudio ,1BA$2.00

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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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
Pico-Union, Los Angeles, CA

Ranked #72

Among cities in California 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

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 $1,145.

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

The cheapest apartment in Pico-Union is 2600 S Catalina St which is listed at $1,100, while the average apartment in Pico-Union costs $2,097.

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 60 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 $984 which is $1,113 cheaper than the average rent for all rentals in Pico-Union.

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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