Open Question: Apartments near Los Angeles?

Me and one other friend are looking for an apartment near Los Feliz, or really anything south of the Valley. Looking for something "cheap" in LA terms, and in a descent area. Doesn't have to be Beverley Hills, but I don't want to live in a ghetto either. I go to Santa Monica often as well as West Hollywood...so something around those areas. We are paying $1,150 a month for a studio in Burbank, I know we can do better. I'm new to the area so your recommendations are appreciated. I would prefer a one bedroom at least...2 people in a studio is a little cramped.