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Linea
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M Lofts
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801 North
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Trojan Village
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1454 Hi Point
(818) 481-5769
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830 Traction Ave Unit 2Nd
(206) 483-4028
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830 Traction Ave Unit 3Rd
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Apartments Under $500 in Los Angeles, CA

1 of 11 Results
25
$ Ask - 2,310
Chateau Alto Nido Apartments
1851 North Ivar Road Los Angeles, CA
1 BR | May. 1, 2023
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Dog Friendly
Cat Friendly
Covered Parking
Storage
Dishwasher
8
$ Ask - 3,826
Linea
Deal
2435 S Sepulveda Blvd Los Angeles, CA
1 BR | Apr. 29, 2023
Contact
Dog Friendly
Cat Friendly
Balcony, Deck, Patio
Fitness Center
Pool
13
$ Ask - 4,380
Villas At Kentwood
7430 Arizona Ave Los Angeles, CA
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Balcony, Deck, Patio
Fitness Center
19
$ Ask - 1,385
Ktown Apartments On Catalina
862 South Catalina Street Los Angeles, CA
Studio | Available Now
Contact
Dishwasher
11
$ Ask - 3,200
M Lofts
3425 Motor Ave Los Angeles, CA
1 BR | Available Now
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Dog Friendly
Cat Friendly
Air Conditioning
In Unit Laundry
Balcony, Deck, Patio
17
$ Ask - 3,485
801 North
801 N. Fairfax Avenue Los Angeles, CA
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
In Unit Laundry
Balcony, Deck, Patio
9
$ Ask - 2,150
Trojan Village
1125,1133 & 1137 W. 36th Place Los Angeles, CA
Studio - 2 BR | Available Now
Contact
Air Conditioning
Dishwasher
10
$ Ask - 2,300
1454 Hi Point
1454 Hi Point ; Los Angeles, Ca 90035 Los Angeles, CA
1 BR | Available Now
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Dishwasher
Crescenta Heights
5
$100
830 Traction Ave Unit 2Nd
Los Angeles, CA
Studio | Available Now
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Dog Friendly
Air Conditioning
Artists District
9
$100
830 Traction Ave Unit 3Rd
Los Angeles, CA
Studio | Available Now
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Dog Friendly
Cat Friendly
Air Conditioning
Artists District
24
$ Ask - 4,418
Midvale
527 Midvale Ave. Los Angeles, CA
1 - 2 BR | Jun. 8, 2023
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Section 8
Covered Parking
Balcony, Deck, Patio
Fitness Center
Dishwasher
1 - 11 of 11 Results
  1. Home
  2. Los Angeles
  3. Apartments Under $500

How much does it cost to rent an apartment in Los Angeles?

Los Angeles Apartments
Bed Type Average Rent Range
Studio $1,850 $1,220 - $3,290
1BR $2,500 $1,700 - $4,010
2BR $3,300 $2,200 - $5,120
3BR $4,500 $2,700 - $9,400
4+BR $2,990 $600 - $32,000
Frequently Asked Questions

How many apartments are available in Los Angeles, CA on Rentable.co?

Rentable.co has over 100,848 apartments available in Los Angeles.

What is the average rent for a studio apartment in Los Angeles, CA?

The average rent for a studio apartment in Los Angeles is around $1,850 per month.

What is the average rent for a one-bedroom apartment in Los Angeles, CA?

The average rent for a one-bedroom apartment in Los Angeles is around $2,500 per month.

What is the average rent for a two-bedroom apartment in Los Angeles, CA?

The average rent for a two-bedroom apartment in Los Angeles is around $3,300 per month.

How expensive is living in Los Angeles, CA?

Based on average rent prices in Los Angeles, to afford a studio apartment you would need an annual salary of $74,000 to live comfortably.

How many apartments under $500 are available in Los Angeles, CA on Rentable.co?

Rentable.co has 11 apartments under $500 available for rent in Los Angeles.

Which neighborhoods have the most apartments under $500 for rent in Los Angeles, CA?

  1. Artists District
  2. Tri-West
  3. North Hollywood
  4. Historic Core
  5. McManus

Asset 2
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Los Angeles:
March Rent Report

Welcome to the March 2023 Los Angeles Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the March 2023 key findings and figures for the Los Angeles rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Los Angeles and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Los Angeles average rent prices in the chart below.

Monthly Rent Report

Los Angeles Rent Prices Decrease From February to March

Los Angeles rent prices decreased over the last month. From February to March, the city experienced a -0.42% decrease for the price of a one-bedroom apartment. The rent price for a Los Angeles one-bedroom apartments currently stands at $2,398.0.

When we take a look at the two-bedroom comparison from February to March, Los Angeles experienced a -0.22% decrease for the price of a two-bedroom apartment. The rent price for a Los Angeles two-bedroom apartments currently stands at $3,189.0.

March Prices: Los Angeles vs. Surrounding Areas

Rent Prices in Los Angeles and Surrounding Areas

Rent prices have decreased in Los Angeles over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 1 of the Los Angeles suburb increased last month. On the other hand, 6 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Long Beach, CA .

  • Rent decreased in West Hollywood, CA, Playa Del Rey, CA, Glendale, CA, Anaheim, CA, Fullerton, CA, Pasadena, CA.

  • 3 suburbs are currently priced higher than the city of Los Angeles.

  • 4 suburbs are currently priced lower than the city of Los Angeles.

March 2023 Pricing Trends: Los Angeles vs. National Comparisons

Los Angeles Rent Prices More Affordable Than Major Cities

Rent growth in Los Angeles over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Los Angeles average rent prices appear to be relatively affordable for local residents.

The price for a Los Angeles one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Los Angeles and surrounding area rent prices, take a look at the complete data set below.

Data set for Los Angeles and suburbs

1 BR March 1 BR M/M % Change 2 BR March 2 BR M/M % Change
Los Angeles, CA $2,408.0 -1.11% $3,196.0 -0.68%
Long Beach, CA $1,895.0 0.05% $2,401.0 -4.42%
West Hollywood, CA $2,343.0 -1.56% $3,224.0 -1.92%
Playa Del Rey, CA $3,447.0 -0.66% $4,441.0 0.09%
Glendale, CA $2,520.0 -0.24% $3,273.0 0.40%
Anaheim, CA $2,080.0 -0.72% $2,592.0 -2.00%
Fullerton, CA $2,227.0 -1.81% $2,836.0 -1.39%
Pasadena, CA $2,594.0 -4.28% $3,201.0 -4.56%

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.