That said, L.A. living on a budget IS possible, if you’re diligent and willing to take the time to learn how. In this guide, we’ll give you some of our best tips for how to save money in L.A. as well as share with you some of our favorite, cheapest places to live in Los Angeles.
According to RentCafe, the average rent in Los Angeles is around $2,725 per month (the average apartment size is 790 square feet). Rent averages vary greatly by neighborhood, however, with rent in the cheap places to live in Los Angeles going for around $1,900 per month and more desirable beachfront locales renting at more than $4,900 per month!Looking for a cheap apartment in Los Angeles? Finding a neighborhood that fits your budget is an essential part of finding the right place for you. Haven’t started apartment shopping around specific areas yet? Check out our Los Angeles neighborhood guide and our list of cheapest places to live in L.A.NELA features a number of neighborhoods that have easy access to the rest of the city but boast lower rents than much of West L.A. (the closer you get to the beach, the more you’ll be paying). What is the cheapest city to live in L.A., you ask?With a beautiful park and lake anchoring the neighborhood, it is still possible to find a studio for around $1,500 (a deal in this part of Los Angeles) — though the average rent in Echo Park is around $2,475. ... We know what you’re thinking. “Really? Is the Valley cheaper than L.A.?” Sure, the Valley features some of the area’s most expensive and exclusive areas — like Hidden Hills and Calabasas (both home to many celebrities) — but it also contains many smaller and more affordable towns, like Panorama City (where average monthly rent is $1,875).
