Cheap Homes for Rent in Los Angeles, CA from $500 (224 Rentals)

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Cheap Homes in Los Angeles.

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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property at 647 W 18th St

647 W 18th St

Los AngelesCA90015

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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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: 05/03/2025

Current apartment rentals in the Los Angeles, CA area range in price from $645 to $43,550 with an overall median price of $4,689. The three Los Angeles neighborhoods with the lowest median rent pricing are Ramhurst Drive at $1,206, San Fernando Gardens at $1,250, and Five Points at $1,175. 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
Ramhurst Drive$1,206$1,2061
San Fernando Gardens$1,425$1,2502
Five Points$1,900$1,1753
California Avenue$1,967$1,9401
West Side$2,000$99519
Bassett$2,049$1,1759
Watson Junction$2,195$1,6951
Live Oak Avenue$2,200$2,1002
Lynwood Park$2,200$1,5953
Chevy Chase$2,275$2,2751

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 $795. 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$795
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
Huntington ApartmentsBachelor StudioStudio,1BA$950

Best Value Apartments for Rent in Los Angeles, CA

As of May 03, 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 621 S Broadway Model at 621 S Broadway, Unit 3 starting at $2,950 with a $1.34 price per square foot in the City West 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
621 S Broadway, Unit 3621 S Broadway2BR,1BA$1.34
10626 S. Budlong Ave.2/12BR,1BA$0.91
5810 Yolanda AveLarge 2 Bedroom 2 Bath2BR,2BA$1.11
433 Midvale - Student Housing at UCLAFloor Plan 33a (Shared Room)7BR,3BA$0.77
1539 Beloit AveUnit 3024BR,3BA$1.21
University Gateway2b - Renovated2BR,2BA$1.25
1529 W 35th PlPrivate RoomA3BR,3BA$1.20
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 66777 Apartments for Rent in Los Angeles, CA with pricing that ranges from $645 to $43,550. There are also 5189 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 $22,139.

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 $1,100 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 $975.

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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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.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.