Cheap Apartments for Rent in the Pico-Union Neighborhood of Los Angeles, CA from $500 (138 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 729 S Union Ave

729 S Union Ave

Los AngelesCA90017

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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 Arthur Emery Apartments priced from $1,145. Magnolia City Lights Apartments has the second lowest priced unit, which is a 3 Beds apartment currently listed from $1,194. Here are the most affordable Pico-Union apartments for rent in Los Angeles, CA:

Apartment ListingModel NameBed/BathPriced From
Arthur Emery Apartments0BR/1.0BAStudio,1BA$1,145
Magnolia City Lights Apartments3 Bedroom3BR,2BA$1,194
Waldorf ApartmentsStudioStudio,1BA$1,200
2850 Leeward AveStudioStudio,1BA$1,200
2600 S Catalina StUnit 3043BR,2BA$1,200
Landmark TowersEfficiency UnitStudio,1BA$1,205
The President ApartmentsBachelorStudio,1BA$1,225
MacArthur Park Apartments0BR/1.0BAStudio,1BA$1,237

Best Value Apartments for Rent in Pico-Union, CA

As of September 01, 2025 the best value apartment in the Pico-Union area is the $0.23 price per square foot 1500 Arapahoe St Model at 1500 Arapahoe St, Unit 1 in the in the Westlake neighborhood starting from $700. The second greatest value Pico-Union apartment is the 1315 W 24th St Model at 1315 W 24th St, Unit 1315 starting at $2,900 with a $2.32 price per square foot in the Koreatown 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.
1500 Arapahoe St, Unit 11500 Arapahoe St3BR,3BA$0.23
1315 W 24th St, Unit 13151315 W 24th St3BR,2BA$2.32
922 W 23rd St2b2b2BR,2BA$2.29
Crestwood Tower ApartmentsUpper Wood Floors - Amazing Views1BR,1BA$2.27
Magnolia City Lights Apartments2 Bedroom2BR,1.5BA$2.17
Bright & Inviting 1-Bedroom ApartmentBright & Inviting 1-Bedroom Apartment1BR,1BA$2.11
2341 Portland St, Unit 1 bd/1 bth2341 Portland St1BR,1BA$2.21
bon9210BR/1.0BAStudio ,1BA$2.25
USC Student Housing - The Hive On Ellendale2x2 Standard2BR,2BA$1.75
Wicklow CommonStudioStudio ,1BA$2.17

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Pico-Union, Los Angeles, CA

Ranked #75

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

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 $1,237.

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

The cheapest apartment in Pico-Union is 3170 - 856 S. Catalina St. which is listed at $1,399, while the average apartment in Pico-Union costs $6,900.

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 45 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 $1,774 which is $5,126 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.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

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Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.