L.A. Rental: Silver Lake 1BR, $1,250

Silver Lake is a neighborhood of Los Angeles known for it's great restaurants, cool bars and hipster scene. This one-bedroom, one-bathroom apartment allows its renter to take advantage of all those spots often, as it's price is low compared to others in the L.A. rental market. It's always good to save on rent, as you can use that money for fun.

The future resident of this apartment will enjoy a good amount of space, with great details, in a popular area -- and the nearby reservoir puts you close to some natural beauty.