Cheap Homes for Rent in Los Angeles, CA from $500 (241 Rentals)

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

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property at 647 W 18th St

647 W 18th St

Los AngelesCA90015

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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Los Angeles, CA Local Guide

Cheapest Neighborhoods for Apartments in Los Angeles, CA

Pricing Updated: 05/09/2025

Current apartment rentals in the Los Angeles, CA area range in price from $599 to $100,000 with an overall median price of $10,954. The three Los Angeles neighborhoods with the lowest median rent pricing are Simons at $1,000, Pacific Village at $1,695, and Downey Road at $1,800. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Los Angeles Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Simons$1,000$1,0001
Pacific Village$1,772$1,6952
Downey Road$1,800$1,8001
Pacific Paseo$1,850$1,8501
North San Gabriel$1,850$1,8501
Downtown West Covina$1,895$1,8951
West Covina North$1,895$1,8951
Delthome$2,000$2,0001
Fulton Wells$2,150$1,4002
Studebaker$2,150$1,4002

Cheapest Available Los Angeles Apartments for Rent

 

The cheapest available apartment rental in Los Angeles, CA is a 1 Bed unit found at 807 S Flower St in the City West neighborhood priced from $645. Beautiful Dormitory Style Housing Available in the City West neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $750. Here is today’s list of the most affordable Los Angeles apartments for rent:

Apartment ListingModel NameBed/BathPriced From
807 S Flower St1B/1B1BR,1BA$645
Beautiful Dormitory Style Housing Available0BR/1.0BAStudio,1BA$750
Inglewood Flats0x1Studio,1BA$812
Sherman Way ApartmentsBachelor ApartmentStudio,1BA$850
The Dorms of Torrance0BR/1.0BAStudio,1BA$862
1811 Tamarind Apartments0BR/0.5BAStudio,$899
BeverlyPrivate Room in Shared 6 Bed 4 Bath (B)1BR,1BA$900
WiltonCo-living 6 Bed 4 Bath-D1BR,1BA$900
10990 Rochester Ave1 bed w/ loft1BR,1BA$900
Huntington ApartmentsBachelor StudioStudio,1BA$950

Best Value Apartments for Rent in Los Angeles, CA

As of May 09, 2025 the best value apartment in the Los Angeles area is the $0.34 price per square foot Condo- 1 bed 1 bath Model at Lux Lofts- 3279 San Marino St in the in the Wilshire neighborhood starting from $2,400. The second greatest value Los Angeles apartment is the 2/1 Model at 10626 S. Budlong Ave. starting at $1,950 with a $0.91 price per square foot in the South Central LA neighborhood. Here is today’s list of the best values for Los Angeles apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Lux Lofts- 3279 San Marino StCondo- 1 bed 1 bath1BR,1BA$0.34
10626 S. Budlong Ave.2/12BR,1BA$0.91
5810 Yolanda AveLarge 2 Bedroom 2 Bath2BR,2BA$1.11
Matteson by CategoryPrivate Bedroom in Shared 5 Bed 4 Bath-H5BR,4BA$1.10
433 Midvale - Student Housing at UCLAFloor Plan 33b (Shared Room)7BR,3BA$0.73
1539 Beloit AveUnit 2034BR,3BA$1.08
1529 W 35th PlPrivate RoomA3BR,3BA$1.20
10990 Rochester Ave1 bed w/ loft1BR,1BA$1.06
807 S Flower St1B/1B1BR,1BA$0.81
616 N HobartStudioStudio ,1BA$1.16

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Frequently Asked Questions about Los Angeles

What type of rentals are currently available in Los Angeles?

There are currently 66753 Apartments for Rent in Los Angeles, CA with pricing that ranges from $565 to $43,550. There are also 5279 Single Family Homes for rent, Condos, and Townhome rentals currently available in Los Angeles ranging from $599 to $100,000.

What is the current price range for Rental Homes in Los Angeles?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Los Angeles ranges from $599 to $100,000 with an average monthly rent of $20,137.

How much are larger Three and Four Bedroom Rentals in Los Angeles?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Los Angeles range from $1,025 to $43,550, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,395 to $45,000. Four Bedroom Single-Family rentals are also available starting from $699 and Four Bedroom Apartments start at $825.

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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The 10 Best Affordable Neighborhoods in Los Angeles, CA

Written by: Rachel Presser

Los Angeles is a vast and vibrant city where modernity meets more than a century of fascinating history, in addition to being a global bastion for the entertainment industry and the arts.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.