5th Avenue Place Apartments

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314 NW 5th Ave, Portland, OR 97209
(971) 351-3767
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5th Avenue Place Apartments

314 NW 5th Ave
Portland, OR 97209
(971) 351-3767
5th Avenue Place Apartments in Portland, OR - Building Photo
Income Restrictions
  • Studio–2 Bedrooms
  • $795–$1,100Rent Pricing
  • 425–800Square Feet

Rent Specials

Reduced Rental Rate!~~Recently reduced rental rates!!!

Ask Us About Our Specials

About 5th Avenue Place Apartments

Located in Downtown Portland within walking distance to multiple bus lines, MAX and Streetcar. Stores such as World Foods, Whole Foods, Powell's Book Store, and Safeway are all within a few blocks of the property. Recently reduced rental rates! Call or Email us today to schedule a time to tour our community!!

5th Avenue Place Apartments is located in the Old Town Chinatown Neighborhood and 97209 Zip code of Portland, OR. This community is professionally managed by Meritus Property Group, LLC

Property Contact Info

Floorplan Pricing and Availability

5th Avenue Place Apartments offers Studio to 2 Bedroom apartments starting from $795 and having 425–800 sq ft. Here is the current pricing and availability:

  • Studio

    $795

    Studio, 1 bath

    Studio, 1 Bath, 425-475 sq ftAvailable Now

    Availability Details

    PriceAvailability DateUnitSq FtDeposit
    $795Available NowStudio, 1 bath425-475 sq ft$795

    Model Amenities and Features

    Features

    • Ceiling Fans
    • Heating
    • High Speed Internet Access
    • Smoke Free

    Kitchen

    • Dishwasher

    Living Space

    • Carpet
    • Vinyl Flooring

    Model Rent and Fees

    Price

    • $795

    Deposit

    • $795 deposit
  • 1 Bedroom

    $1,100

    1 Bed, 1 bath

    1 Bed, 1 Bath, 585-675 sq ftAvailable Now

    Availability Details

    PriceAvailability DateUnitSq FtDeposit
    $1,100Available Now1 Bed, 1 bath585-675 sq ft$1,100

    Model Amenities and Features

    Features

    • Ceiling Fans
    • Heating
    • High Speed Internet Access
    • Smoke Free

    Kitchen

    • Dishwasher

    Living Space

    • Carpet
    • Vinyl Flooring

    Model Rent and Fees

    Price

    • $1,100

    Deposit

    • $1,100 deposit
  • 2 Bedrooms

    2 Beds, 1 bath

    2 Beds, 1 Bath, 800 sq ft 

    Availability Details

    PriceAvailability DateUnitSq FtDeposit
    $1,327Unavailable2 Beds, 1 bath800 sq ft$1,327

    Model Amenities and Features

    Features

    • Heating
    • High Speed Internet Access
    • Smoke Free

    Kitchen

    • Dishwasher

    Living Space

    • Carpet
    • Vinyl Flooring

    Model Rent and Fees

    Price

    • $1,327

    Deposit

    • $1,327 deposit
Price shown is base rent and may not include non-optional fees and utilities. View Fees and Policies for details. Price, availability, fees, and any applicable rent special are subject to change without notice.

Schedule a Tour

Schedule a Tour
Call us at: (971) 351-3767 to schedule a tour.

Property Information

Income Restrictions At 5th Avenue Place Apartments

Income restrictions apply to some or all residents. Contact the community for more information.

# Persons60% Income Limit
1$52,440
2$59,940
3$67,440
4$74,880
5$80,880
6$86,880
income restriction

To qualify, you must be equal to or below those in the chart, based on the number of persons living in the dwelling.

Lease Terms

  • 12

Utilities Included

  • Trash Removal
  • Sewer
  • Water

Matterport 3D Tours

Features and Amenities

On-Site Services

  • Laundry Facilities

Community Features

  • Elevator

Interior Features

  • Air Conditioning
  • Wheelchair Accessible (Rooms)
Google Map

Map

314 NW 5th Ave, Portland, OR 97209

Getting Around

Walk Score®

98 / 100

Walker’s Paradise

Daily errands do not require a car

Bike Score®

99 / 100

Biker's Paradise

Daily errands can be accomplished on a bike

Transit Score®

94 / 100

Rider’s Paradise

World-class public transportation

Frequently Asked Questions about 5th Avenue Place Apartments

Where is 5th Avenue Place Apartments located?

5th Avenue Place Apartments is located at 314 NW 5th Ave near the Old Town Chinatown area of Portland, OR

What is the current rent range at 5th Avenue Place Apartments?

Studio to 2 Bedroom Apartments at 5th Avenue Place Apartments currently range from $795 to $1,100

Are pets allowed?

Call us today to find out our pet policy and if we allow pets

Are there any rent specials?

The current rent special at 5th Avenue Place Apartments is: Reduced Rental Rate!~~Recently reduced rental rates!!!.

Lifestyle Ratings

  • Cost Per Sq.Ft. 3.0

    The Cost Per Square Foot rating shows you the average cost per square foot for floorplans at this community in relation to the local average.

  • Affordability Great Value3.8

    The 5th Avenue Place Apartments Apartments are 48.53% cheaper than the average apartment in the Old Town Chinatown area, and 41.97% cheaper than the average apartment city-wide.

    Rent Comparison to the Old Town Chinatown Neighborhood

    FloorplanLowest Price HereNeighborhood Avg RentNbhd Avg RentCost Difference%
    Studio$795$1,450-$655-45.2%
    1 Bedroom$1,100$2,032-$932-45.9%
    2 Bedroom$1,327$2,918-$1,591-54.5%

    Rent Comparison to the city of Portland

    FloorplanLowest Price HereCity Average RentCost Difference%
    Studio$795$1,423-$628-44.1%
    1 Bedroom$1,100$1,856-$756-40.7%
    2 Bedroom$1,327$2,254-$927-41.1%

    Methodology: On 07/09/2025, ApartmentHomeLiving.com compared current rents by floorplan to 1755 other apartment communities in the immediate area around 5th Avenue Place Apartments (Old Town Chinatown), and 6327 other apartment communities in Portland using today’s up-to-date pricing using the sum/count averaging formula. This data will be updated in real-time as prices fluctuate.

    Rent Pricing Data as of 07/09/2025

  • Transit Friendly 4.0

    Transit Friendly apartments feature a fantastic location and great access to local mass transit.

Learn more about Lifestyle Search

Renters Reviews and Ratings

4.0
1 Renters Reviews
ⓘ How is this Rating Determined?The property ratings on ApartmentHomeLiving.com are created using a 5-star scale that includes average renter review scores combined with building ratings to determine an overall blended property score.

Building ratings are based on a community’s features, including the building design, construction, exterior spaces, and amenities. To learn more about the CoStar Building Rating System, refer to our official guidelines here.
  • Sketchy but central..

    August 17, 2015
    I had a few mishaps with theft and break-ins durning my one year stay here-- however the downtown location without the downtown price was quite appealing. Not bad, but not great. If you want to be close to the action and are willing to take a very slight risk, this may be perfect.
    Review from Apartments.com

Nearby Schools

West Sylvan Middle School

Portland School District 1j
8111 Southwest West Slope Drive
Public School - Grades 6-8 (757 Students)
In Attendance Zone9 minute drive / 4.4 miles away
5/10

Chapman Elementary School

Portland School District 1j
1445 Northwest 26th Avenue
Public School - Grades K-5 (350 Students)
In Attendance Zone4 minute drive / 1.6 miles away
4/10

Lincoln High School

Portland School District 1j
1750 Southwest Salmon Street
Public School - Grades 9-12 (1525 Students)
In Attendance Zone2 minute drive / 0.9 miles away
8/10
School data provided by GreatSchools.
details
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on scale of 1 (below average) and to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider needs as part of the school selection process.

About GreatSchools Data on ApartmentHomeLiving.com.

Points of Interest

Time and distance from 5th Avenue Place Apartments.

Arts Museums and Landmarks

310 NW Davis St
1 minute drive / 0.49 miles away
1219 SW Park Avenue
2 minute drive / 0.96 miles away
1945 SE Water Avenue
4 minute drive / 1.65 miles away

Big Box and Retail

Walgreens
1620 NE Grand Ave
3 minute drive / 1.02 miles away
Safeway
1100 NE Broadway St
3 minute drive / 1.29 miles away
Walgreen's
6116 NE M L King Blvd
5 minute drive / 2.73 miles away

Colleges and Universities

511 NW Broadway
1 minute drive / 0.22 miles away
724 SW Harrison
4 minute drive / 1.37 miles away
3303 SW Bond Avenue
4 minute drive / 2.19 miles away

Groceries

Cash & Carry
1420 NW 14th Ave
1 minute drive / 0.33 miles away
Trader Joe's
2120-2122 NW Glisan St
2 minute drive / 0.78 miles away
Safeway
1100 NE Broadway St
3 minute drive / 1.29 miles away

Hospitals

Legacy Good Samaritan Medical Center
1015 Nw 22nd Avenue, W121
2 minute drive / 0.8 miles away
Legacy Emanuel Medical Center
2801 N Gantenbein Avenue
3 minute drive / 1.1 miles away
Shriners Hospital For Children - Portland
3101 Sw Sam Jackson Park Road
4 minute drive / 2.08 miles away

Military Bases

11 minute drive / 5.27 miles away
21 minute drive / 10.08 miles away

Parks and Recreation

3229 NW Pittock Drive
5 minute drive / 1.81 miles away
7805 SE Oaks Park Way
9 minute drive / 4.26 miles away

5th Avenue Place Apartments has 2 parks within 4.3 miles, including Pittcock Mansion, and Oaks Amusement Park.

Shopping Centers

223 NW 9th Ave
1 minute drive / 0.35 miles away
224 NW 13th Ave
1 minute drive / 0.41 miles away
512-535 NW 17th Ave
1 minute drive / 0.44 miles away

5th Avenue Place Apartments has 5 shopping centers within 0.5 miles.

Transit Stations

1 minute drive / 0.08 miles away
1 minute drive / 0.12 miles away
1 minute drive / 0.14 miles away

Nearby Neighborhoods

Studio to 5 Bedroom Apartments from $579
View Rentals
Studio to 5 Bedroom Apartments from $579
View Rentals
Studio to 3 Bedroom Apartments from $795
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Rental Price Ranges in the Area

BedroomAverage RentCheapest RentHighest Rent
Portland Studio Apartments $1,423$431$8,626
Portland 1 Bedroom Apartments $1,856$506$10,000+
Portland 2 Bedroom Apartments $2,254$507$10,000+
Portland 3 Bedroom Apartments $2,600$507$10,000+
Portland 4 Bedroom Apartments $2,860$1,800$5,995
Portland 5 Bedroom Apartments $3,908$2,975$4,500

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Viewing: 5th Avenue Place Apartments | Desktop Version | Listing Updated: 07/01/2025 | AHLPLA