Cheap Apartments for Rent in the Prospect Park Neighborhood of Pasadena, CA from $400 (148 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Prospect Park area of Pasadena.

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255 S Madison Ave
$1,825 - $1,995
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$1,825 - $1,995
Total Monthly Price
$1,825 - $1,995
Studio Apartments Contact Us For Availability

255 S Madison Ave

255 S Madison AvePasadena, CA 91101
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property at 701 1/2 Atchison St

$2,180

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$2,180
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$2,180

Studio, 1 Bath Townhome for Rent

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701 1/2 Atchison St

PasadenaCA91104

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property at 330 Cordova St

$2,400

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$2,400
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$2,400

1 Bedroom, 1.5 Bath Condo for Rent

Available Now

330 Cordova St, Unit 330

330 Cordova St
PasadenaCA91101
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Andalucia
$2,442 - $5,593
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$2,442 - $5,593
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Studio to 2 Bedroom Apartments Available Now

Andalucia

686 E Union StPasadena, CA 91101
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533 S Hudson Ave
1 Bedroom Apartments

533 S Hudson Ave

533 S Hudson AvePasadena, CA 91101
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255-265 Grandview St
1 Bedroom Apartments

255-265 Grandview St

255-265 Grandview StPasadena, CA 91104
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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

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Prospect Park, Pasadena, CA Local Guide

Cheapest Available Prospect Park Apartments for Rent

 

The cheapest available apartment rental in the Prospect Park area of Los Angeles, CA is a 1 Bed unit found at Arpeggio priced from $981. Pasadena Studios has the second lowest priced unit, which is a Studio apartment currently listed from $1,350. Here are the most affordable Prospect Park apartments for rent in Los Angeles, CA:

Apartment ListingModel NameBed/BathPriced From
Arpeggio1x1 AR1BR,1BA$981
Pasadena StudiosStudio 60% AMI - Income RestrictedStudio,1BA$1,350
753 Worcester Ave1 Beds, 1 Baths1BR,1BA$1,695
La Villa Lake ApartmentsR Studio AAStudio,1BA$1,700
585 E Washington Blvd1 Beds, 1 Baths1BR,1BA$1,775
Cottages D Caroline AtlasW/StudioStudio,1BA$1,850
545 N Oakland Ave1 Beds, 1 Baths1BR,1BA$1,850
170 N El Molino Ave1 bedroom1BR,1BA$1,875
Oak Knoll Apartments1 Bedroom/ 1 Bath1BR,1BA$1,875

Best Value Apartments for Rent in Prospect Park, CA

As of July 10, 2026 the best value apartment in the Prospect Park area is the $2.73 price per square foot 2 bedrooms Model at 276 E Bellevue Dr in the in the South Pasadena neighborhood starting from $3,000. The second greatest value Prospect Park apartment is the 2 Bedroom + 2 Bathroom Model at Annandale Terrace Apartments starting at $3,000 with a $2.83 price per square foot in the Northeast Los Angeles neighborhood. Here is today’s list of the best values for Prospect Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
276 E Bellevue Dr2 bedrooms2BR,1.5BA$2.73
Annandale Terrace Apartments2 Bedroom + 2 Bathroom2BR,2BA$2.83
853-861 N Raymond Ave2x12BR,1BA$2.26
278 E Washington Blvd2 bd 1 ba2BR,1BA$2.86
529-541 S. El Molino Ave.1 Bed 1 Bath1BR,1BA$2.56
893 Lincoln Ave, Unit 893 1/2893 Lincoln Ave2BR,1BA$2.67
Madison Luxury Apartments1 Bedroom 1 Bath1BR,1BA$2.49
2115 Marengo Ave, Unit A2115 Marengo Ave1BR,1BA$2.86
585 E Washington Blvd1 Beds, 1 Baths1BR,1BA$2.82
Arpeggio1x1 AR1BR,1BA$1.75

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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Lifestyle Ratings

ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of rentals in metropolitan areas across the United States and customized analysis for Eastern Los Angeles. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including filtering automatically for proximity to parks, luxury housing options, family-friendliness, raising pets, transit options, and more. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Prospect Park Apartments

What is a cheap apartment in Prospect Park?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Prospect Park is under $1,875.

What is the price of a cheap apartment in Prospect Park?

The cheapest apartment in Prospect Park is Arpeggio which is listed at $981, while the average apartment in Prospect Park costs $5,053.

What types of apartments are the cheapest in Prospect Park?

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 9 regular apartments in Prospect Park 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 Prospect Park?

Cheap apartments in Prospect Park have an average cost of $208 which is $4,845 cheaper than the average rent for all rentals in Prospect Park.

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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