pip install django-rest-auth

url(r'^rest-auth/', include('rest_auth.urls')),
url(r'^', include('django.contrib.auth.urls')),

from rest_auth.serializers import PasswordResetSerializer

class CustomPasswordResetSerializer(PasswordResetSerializer):
    def get_email_options(self):
        data = {
            'email_template_name': 'email/password_reset.html',
            'subject_template_name': 'email/password_reset_subject.txt',
        }
        return data

{% load i18n %}{% autoescape off %}
{% blocktrans %}You're receiving this email because you requested a password reset for your user account at {{ site_name }}.{% endblocktrans %}

{% trans "Please go to the following page and choose a new password:" %}
{% block reset_link %}
{{ protocol }}://{{ domain }}{% url 'password_reset_confirm' uidb64=uid token=token %}
{% endblock %}
{% trans "Your username, in case you've forgotten:" %} {{ user.get_username }}

{% trans "Thanks for using our site!" %}

{% blocktrans %}The {{ site_name }} team{% endblocktrans %}

{% endautoescape %}

from rest_framework.generics import GenericAPIView
from user.serializers import CustomPasswordResetSerializer

class PasswordResetView(GenericAPIView):
    permission_classes = (permissions.AllowAny,)
    serializer_class = CustomPasswordResetSerializer

    def post(self, request):
        serializer = self.get_serializer(data=request.data)
        if serializer.is_valid():
            serializer.save()
            return Response('Password reset e-mail has been sent.', status=200)
        return Response(serializer.errors, status=400)

url(r'^/password/reset/$', PasswordResetView.as_view()),
url(r'^rest-auth/', include('rest_auth.urls')),
url(r'^', include('django.contrib.auth.urls')),