Cheap Homes for Rent in Rancho Palos Verdes, CA from $1,200 (10 Rentals)

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Search the lowest-cost Homes available for rent right now in Rancho Palos Verdes.

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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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 1707 261st St

1707 261st St

Harbor CityCA90710

Rancho Palos Verdes, CA Local Guide

Cheapest Neighborhoods for Apartments in Rancho Palos Verdes, CA

Pricing Updated: 05/16/2025

Current apartment rentals in the Rancho Palos Verdes, CA area range in price from $1,399 to $10,000 with an overall median price of $5,687. The three Rancho Palos Verdes neighborhoods with the lowest median rent pricing are Monaco at $1,825, Coastal Zone at $1,825, and East Rancho Palos Verdes at $1,699. Here is today’s list of the top 5 neighborhoods with the lowest median pricing for Rancho Palos Verdes Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Monaco$5,199$1,82530
Coastal Zone$5,810$1,82544
East Rancho Palos Verdes$5,810$1,699152
Miraleste$5,810$1,399138
Silver Spur$5,810$1,65084

Cheapest Available Rancho Palos Verdes Apartments for Rent

 

The cheapest available apartment rental in Rancho Palos Verdes, CA is a 1 Bed unit found at 685 W 4th St in the Miraleste neighborhood priced from $1,203. Harbor Terrace in the East Rancho Palos Verdes neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,699. Here is today’s list of the most affordable Rancho Palos Verdes apartments for rent:

Apartment ListingModel NameBed/BathPriced From
685 W 4th StOne Bedroom1BR,1BA$1,203
Harbor TerraceSingle/1 BathStudio,1BA$1,699
1547 W. 261st St.1 Bed 1 Bath1BR,1BA$1,875

Best Value Apartments for Rent in Rancho Palos Verdes, CA

As of May 16, 2025 the best value apartment in the Rancho Palos Verdes area is the $1.84 price per square foot Studio Model at San Pedro Bank Lofts in the in the Vinegar Hill neighborhood starting from $2,702. The second greatest value Rancho Palos Verdes apartment is the 3 bed 2 bath Model at LaSalle Lofts starting at $3,600 with a $2.57 price per square foot in the East Rancho Palos Verdes neighborhood. Here is today’s list of the best values for Rancho Palos Verdes apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
San Pedro Bank LoftsStudioStudio ,1BA$1.84
LaSalle Lofts3 bed 2 bath3BR,2BA$2.57
835 W 13th St, Unit 3835 W 13th St3BR,2BA$2.46
The Madrid2 bedroom2BR,2BA$2.48
2410 S Carolina St, Unit C2410 S Carolina St2BR,1BA$2.18
25846 Oak StreetTwo Bedroom Oak2BR,1BA$2.52
PV Victoria Apartments1 Bed 1 Bath1BR,1BA$2.55
Narbonne ApartmentsOne Bedroom1BR,1BA$2.28
Twin Oaks Apartments1 bed 1 bath1BR,1BA$2.67
401 W 3rd St, Unit 418401 W 3rd St1BR,1BA$2.46

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.

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Frequently Asked Questions about Rancho Palos Verdes

What type of rentals are currently available in Rancho Palos Verdes?

There are currently 979 Apartments for Rent in Rancho Palos Verdes, CA with pricing that ranges from $1,399 to $11,395. There are also 67 Single Family Homes for rent, Condos, and Townhome rentals currently available in Rancho Palos Verdes ranging from $1,250 to $25,000.

What is the current price range for Rental Homes in Rancho Palos Verdes?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Rancho Palos Verdes ranges from $1,250 to $25,000 with an average monthly rent of $6,588.

How much are larger Three and Four Bedroom Rentals in Rancho Palos Verdes?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Rancho Palos Verdes range from $2,950 to $10,188, while Three Bedroom Homes, Condos, and Townhomes for rent range from $3,400 to $7,650. Four Bedroom Single-Family rentals are also available starting from $4,150 and Four Bedroom Apartments start at $4,999.

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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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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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.