Cheap Apartments for Rent in the Downtown Paramount Neighborhood of Paramount, CA from $600 (67 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Downtown Paramount area of Paramount.

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7253 Richfield St
2 to 4 Bedroom Apartments

7253 Richfield St

7253 Richfield StParamount, CA 90723
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8219 2nd St
2 to 3 Bedroom Apartments

8219 2nd St

8219 2nd StParamount, CA 90723

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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8544 Elburg St
3 Bedroom Apartments

8544 Elburg St

8544 Elburg StParamount, CA 90723
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8020 Rose St
1 to 2 Bedroom Apartments

8020 Rose St

8020 Rose StParamount, CA 90723
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7219 Exeter St
2 Bedroom Apartments

7219 Exeter St

7219 Exeter StParamount, CA 90723
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15338 Gundry Ave
Studio Apartments

15338 Gundry Ave

15338 Gundry AveParamount, CA 90723
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Feodor Apartments
2 Bedroom Apartments

Feodor Apartments

14117 Anderson StParamount, CA 90723
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crest apartments
1 Bedroom Apartments

crest apartments

14908 Orange AveParamount, CA 90723

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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8044 Rose St
Studio to 2 Bedroom Apartments

8044 Rose St

8044 Rose StParamount, CA 90723
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16849 Passage Ave
2 Bedroom Apartments

16849 Passage Ave

16849 Passage AveParamount, CA 90723
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7308 Richfield St
2 to 3 Bedroom Apartments

7308 Richfield St

7308 Richfield StParamount, CA 90723
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7301 Motz St
2 Bedroom Apartments

7301 Motz St

7301 Motz StParamount, CA 90723

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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7226-7230 Exeter St
2 to 3 Bedroom Apartments

7226-7230 Exeter St

7226-7230 Exeter StParamount, CA 90723
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15911 Orizaba Ave
Studio to 2 Bedroom Apartments

15911 Orizaba Ave

15911 Orizaba AveParamount, CA 90723
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Richfield Terrace
1 to 2 Bedroom Apartments

Richfield Terrace

7227 Richfield StParamount, CA 90723
  • Utilities Included
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Petrol West
1 to 2 Bedroom Apartments

Petrol West

7214-7218 Petrol StParamount, CA 90723
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Petrol East
1 to 3 Bedroom Apartments

Petrol East

7309-7315 Petrol StParamount, CA 90723
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Yona Apartments
Studio to 2 Bedroom Apartments

Yona Apartments

15528 Orange AveParamount, CA 90723
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15116 Orange Ave
2 Bedroom Apartments

15116 Orange Ave

15116 Orange AveParamount, CA 90723
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8439 Adams St.
1 to 3 Bedroom Apartments

8439 Adams St.

8439 Adams StParamount, CA 90723

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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7222 Petrol St
2 Bedroom Apartments

7222 Petrol St

7222 Petrol StParamount, CA 90723
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15302 Gundry Ave
2 to 3 Bedroom Apartments

15302 Gundry Ave

15302 Gundry AveParamount, CA 90723
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Orange Plaza
1 to 2 Bedroom Apartments

Orange Plaza

15522 Orange AveParamount, CA 90723
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El Presidio
1 Bedroom Apartments

El Presidio

15921-15953 Downey AveParamount, CA 90723
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15560 Orange Avenue
1 Bedroom Apartments

15560 Orange Avenue

15560 Orange AveParamount, CA 90723
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The Exotic Isle
Studio to 2 Bedroom Apartments

The Exotic Isle

8600 Rosecrans AveParamount, CA 90723
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15320 Gundry Ave
2 Bedroom Apartments

15320 Gundry Ave

15320 Gundry AveParamount, CA 90723
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15339 California Ave
1 Bedroom Apartments

15339 California Ave

15339 California AveParamount, CA 90723
  • Utilities Included

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

Downtown Paramount, Paramount, CA Local Guide

Cheapest Available Downtown Paramount Apartments for Rent

 

The cheapest available apartment rental in the Downtown Paramount area of Los Angeles, CA is a 1 Bed unit found at Town Center Terrace priced from $1,650. Indiana Avenue Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,795. Here are the most affordable Downtown Paramount apartments for rent in Los Angeles, CA:

Apartment ListingModel NameBed/BathPriced From
Town Center Terrace1 Bed 1 Bath1BR,1BA$1,650
Indiana Avenue Apartments1x11BR,1BA$1,795
San Marcos Village ApartmentsThe Balboa1BR,1BA$1,925
Union Plaza1 Bed 1 Bath Upstairs1BR,1BA$1,995
Four Seasons Apartments11A1BR,1BA$2,055
Sierra Garden ApartmentsTwo Bedroom2BR,1BA$2,365

Best Value Apartments for Rent in Downtown Paramount, CA

As of July 12, 2026 the best value apartment in the Downtown Paramount area is the $1.93 price per square foot The Balboa Model at San Marcos Village Apartments in the in the Southeast Los Angeles neighborhood starting from $1,925. The second greatest value Downtown Paramount apartment is the Two Bedroom Model at Sierra Garden Apartments starting at $2,365 with a $2.45 price per square foot in the Southeast Los Angeles neighborhood. Here is today’s list of the best values for Downtown Paramount apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
San Marcos Village ApartmentsThe Balboa1BR,1BA$1.93
Sierra Garden ApartmentsTwo Bedroom2BR,1BA$2.45
Union Plaza1 Bed 1 Bath Downstairs1BR,1BA$2.64
Indiana Avenue Apartments1x11BR,1BA$2.44
Town Center Terrace1 Bed 1 Bath1BR,1BA$3.17
Four Seasons Apartments11A1BR,1BA$4.05

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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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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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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Frequently Asked Questions about Cheap Downtown Paramount Apartments

How much is rent for a Cheap One Bedroom Downtown Paramount Apartment?

The lowest price for a Cheap One Bedroom Downtown Paramount Apartment is $1,650 at Town Center Terrace.

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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