Cheap Apartments for Rent in the Pico-Union Neighborhood of Los Angeles, CA from $500 (185 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Pico-Union 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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LA Alternatives: Find the Perfect Commuter City for Renting in the Los Angeles Metro Area

Get more breathing room without compromising proximity to LA. Our Los Angeles local expert breaks down the best neighboring cities for renting more affordable apartments with easier commutes.

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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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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 $695. The Sinclair LA 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
647 18th StStudio Shared BathroomsStudio,6BA$695
The Sinclair LAModel DStudio,1BA$832
Olympic HotelModel AStudio,1BA$832
The Charleston Apartments- Great Studio and One Bedroom Apartment Home for Rent Near Downtown LA!0 Bed/1 Bath BStudio,1BA$995
Heritage 23531BR/1BA1BR,1BA$1,050
526 S Union Avenue0+1Studio,1BA$1,099
2600 S Catalina StPRIVATE BEDROOM - SHARED UNIT1BR,1BA$1,100
Haddon HallBachelorStudio,1BA$1,145
Waldorf ApartmentsStudioStudio,1BA$1,150

Best Value Apartments for Rent in Pico-Union, CA

As of May 06, 2026 the best value apartment in the Pico-Union area is the $1.82 price per square foot 1370 W 24th St Model at 1370 W 24th St, Unit 1370 in the in the Koreatown neighborhood starting from $2,550. The second greatest value Pico-Union apartment is the 3b2b (201) Model at 922 W 23rd St starting at $2,990 with a $2.20 price per square foot in the Southeast Los Angeles 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.
1370 W 24th St, Unit 13701370 W 24th St3BR,1BA$1.82
922 W 23rd St3b2b (201)3BR,2BA$2.20
Francis Bliss2bed townhome2BR,2.5BA$2.31
Student Housing Near USC Univ Southern Calif2BDRM-1BATH2BR,1BA$2.17
845 S. Kingsley2BR/2.0BA2BR,2BA$1.90
Magnolia City Lights Apartments3 Bedroom3BR,2BA$1.15
1414 W 25th St, Unit 14261414 W 25th St2BR,1BA$2.20
2637 S Catalina St, Unit 12637 S Catalina St1BR,1BA$2.25
Wicklow CommonStudioStudio ,1BA$2.17
Heritage 23531BR/1BA1BR,1BA$1.91

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.

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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
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

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 $1,150.

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

The cheapest apartment in Pico-Union is Heritage 2353 which is listed at $1,050, while the average apartment in Pico-Union costs $8,995.

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 57 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 $1,087 which is $7,908 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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