Cheap Apartments for Rent in the Miracle Mile Neighborhood of Los Angeles, CA from $700 (222 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in the Miracle Mile 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

Read Article
Showing Results 1-50, Page 1 of 5

Miracle Mile, Los Angeles, CA Local Guide

Cheapest Available Miracle Mile Apartments for Rent

 

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

Apartment ListingModel NameBed/BathPriced From
St. Andrews Place ApartmentsBachelorStudio,1BA$900
BeverlyPrivate Room in Shared 6 Bed 4 Bath (B)1BR,1BA$900
WiltonCo-living 6 Bed 4 Bath-D1BR,1BA$900
Wendover ApartmentsBachelorStudio,1BA$1,125
4749 ElmwoodUnit PH43BR,2BA$1,150
919 S. Manhattan PlStudioStudio,1BA$1,249
wil15180BR/1.0BAStudio,1BA$1,299
539 S Serrano AveSTUDIOStudio,1BA$1,300
Beverly BoulevardStudioStudio,1BA$1,412
WSP 1310 Wilton LLCSTUDIOStudio,1BA$1,420

Best Value Apartments for Rent in Miracle Mile, CA

As of April 06, 2025 the best value apartment in the Miracle Mile area is the $1.15 price per square foot 4305 W 5th St Model at 4305 W 5th St, Unit 10 in the in the Wilshire Center neighborhood starting from $2,290. The second greatest value Miracle Mile apartment is the 1 Bed 1 Bath Model at 400 N Sycamore Ave starting at $2,995 with a $1.87 price per square foot in the Mid Wilshire neighborhood. Here is today’s list of the best values for Miracle Mile apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
4305 W 5th St, Unit 104305 W 5th St2BR,1BA$1.15
400 N Sycamore Ave1 Bed 1 Bath1BR,1BA$1.87
409 N Curson Ave, Unit 409409 N Curson Ave1BR,1BA$1.13
339 N Sycamore Ave1 Bed 1 Bath1BR,1BA$2.00
2236 Hauser blvd, Unit 42236 Hauser blvd3BR,2BA$2.14
4702 W 17th StTwo Bed- One Bath2BR,1BA$1.68
8336 Blackburn Ave1 Bedroom1BR,1BA$2.00
226 South Serrano2BR/1.5BA2BR,1.5BA$1.90
1417 West Blvd, Unit Apartment West1417 West Blvd1BR,1BA$1.89
4749 ElmwoodUnit 1033BR,2BA$1.36

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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Miracle Mile, Los Angeles, CA

Ranked #13

Among neighborhoods in Los Angeles, CA for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

decorative image of woman handing cat to small boy

Best Local Schools in
Miracle Mile, Los Angeles, CA

School data provided by Great Schools

Lifestyle Ratings

Our team of engineers and researchers works hard to bring you comprehensive Lifestyle Ratings of neighborhoods, areas, and rental properties across California, including Los Angeles. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including our Star Ratings to compare for easy access to the parks, luxury amenities, transit availability, pet-friendly communities, places that make kids happy, walking, and biking. Find Lifestyle Search in the filter options (above). Happy Searching!

Getting Around the Miracle Mile Neighborhood in Los Angeles, CA

Walk Score®

89 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

65 / 100

Bikeable

Some bike infrastructure

Transit Score®

64 / 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 Miracle Mile Apartments

What is a cheap apartment in Miracle Mile?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Miracle Mile is under $1,420.

What is the price of a cheap apartment in Miracle Mile?

The cheapest apartment in Miracle Mile is Beverly which is listed at $900, while the average apartment in Miracle Mile costs $6,500.

What types of apartments are the cheapest in Miracle Mile?

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 45 regular apartments in Miracle Mile 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 Miracle Mile?

Cheap apartments in Miracle Mile have an average cost of $2,091 which is $4,409 cheaper than the average rent for all rentals in Miracle Mile.

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.

decorative image for The 10 Best Affordable Neighborhoods in Los Angeles, CA article

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.