Cheap Apartments for Rent in the Hollywood Neighborhood of Los Angeles, CA from $500 (272 Rentals)

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

Los Angeles's Best Affordable Neighborhoods

Learn about Los Angeles and the best places to live with original content written by our Los Angeles, CA Local Expert Rachel Presser

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7056 Lanewood Ave
Studio Apartments

7056 Lanewood Ave

7056 Lanewood AveLos Angeles, CA 90028
property at 1781 Orchid Ave

1781 Orchid Ave

Los AngelesCA90028
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Hollywood, Los Angeles, CA Local Guide

Cheapest Available Hollywood Apartments for Rent

 

The cheapest available apartment rental in the Hollywood area of Los Angeles, CA is a Studio unit found at 1811 Tamarind Apartments priced from $899. Beverly has the second lowest priced unit, which is a 1 Bed apartment currently listed from $900. Here are the most affordable Hollywood apartments for rent in Los Angeles, CA:

Apartment ListingModel NameBed/BathPriced From
1811 Tamarind Apartments0BR/0.5BAStudio,$899
BeverlyPrivate Room in Shared 6 Bed 4 Bath (A)1BR,1BA$900
Lex IIPrivate Room1BR,1BA$1,087
St. Moritz Apartments LLCBachelor w CountertopStudio,1BA$1,095
Sunset Wilcox Building0BR/1.0BAStudio,1BA$1,100
Langdon Park at Hollywood StudiosSTUDIO SAStudio,1BA$1,130
Hollywood Melrose ApartmentsBachelor StudioStudio,1BA$1,150
MelrosePrivate Bedroom in a shared 6 Bed 4 Bath - C1BR,1BA$1,150
4749 ElmwoodUnit PH43BR,2BA$1,150
Hildalgo ElcaStudio, 1 bathStudio,1BA$1,250

Best Value Apartments for Rent in Hollywood, CA

As of March 29, 2025 the best value apartment in the Hollywood area is the $1.67 price per square foot 5915 Lexington Ave Model at 5915 Lexington Ave, Unit 0 in the in the Yucca Corridor neighborhood starting from $2,500. The second greatest value Hollywood apartment is the 939 1/2 N Sierra Bonita Ave Model at 939 1/2 N Sierra Bonita Ave, Unit Sierra Bonita starting at $2,350 with a $1.57 price per square foot in the Mid Wilshire neighborhood. Here is today’s list of the best values for Hollywood apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
5915 Lexington Ave, Unit 05915 Lexington Ave1BR,1BA$1.67
939 1/2 N Sierra Bonita Ave, Unit Sierra Bonita939 1/2 N Sierra Bonita Ave1BR,1BA$1.57
1648 N Ogden DrTakeover1BR,1BA$1.98
8336 Blackburn Ave1 Bedroom1BR,1BA$2.00
The Nirvana1BR/1.0BA1BR,1BA$2.11
226 South Serrano2BR/1.5BA2BR,1.5BA$2.00
Sterling Court ApartmentsOne Bedroom One Bath1BR,1BA$2.06
Western Serrano Ave Apartments1 Bed 1 Bath1BR,1BA$2.12
4749 ElmwoodUnit 1033BR,2BA$1.36
616 N HobartStudioStudio ,1BA$1.39

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Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals in metropolitan areas across the United States and customized analysis for Eastern Los Angeles, CA. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including rankings of the best places for easy access to the parks, luxury amenities, apartment complexes for the kids, raising pets, transit options, and how walkable or bikeable each community and area is. Find Lifestyle Search in the filter options (above). Happy Searching!

Getting Around the Hollywood Neighborhood in Los Angeles, CA

Walk Score®

94 / 100

Walker’s Paradise

Daily errands do not require a car

Bike Score®

67 / 100

Bikeable

Some bike infrastructure

Transit Score®

65 / 100

Good Transit

Many nearby public transportation options

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 Hollywood Apartments

What is a cheap apartment in Hollywood?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Hollywood is under $1,250.

What is the price of a cheap apartment in Hollywood?

The cheapest apartment in Hollywood is Beverly which is listed at $900, while the average apartment in Hollywood costs $4,395.

What types of apartments are the cheapest in Hollywood?

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 36 regular apartments in Hollywood 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 Hollywood?

Cheap apartments in Hollywood have an average cost of $1,489 which is $2,906 cheaper than the average rent for all rentals in Hollywood.

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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