Apartments for Rent in Portland, OR Under $500 (1 Rental)
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Portland, OR Local Guide

How much does it cost to rent an apartment in Portland?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Portland Studio Apartments Under $500 | $1,385 | $507 | $6,821 |
Portland 1 Bedroom Apartments Under $500 | $1,801 | $507 | $6,673 |
Portland 2 Bedroom Apartments Under $500 | $2,153 | $507 | $10,000+ |
Portland 3 Bedroom Apartments Under $500 | $2,807 | $507 | $10,000+ |
Portland 4 Bedroom Apartments Under $500 | $6,420 | $1,810 | $10,000+ |
Portland 5 Bedroom Apartments | $9,303 | $3,325 | $10,000+ |
Portland 6 Bedroom Apartments | $13,382 | $3,495 | $10,000+ |
Explore Portland

Portland, OR Local Guide
- Portland Neighborhoods
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Quick Rent Budget Calculator
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Pet Friendly LifestylePortland, OR
Ranked #1
Among cities in Oregon for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Portland, OR Rentals by Map
See the most popular apartments and homes in Portland, OR
Getting Around Portland, OR
Walk Score®
75 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
85 / 100
Very Bikeable
Biking is convenient for most trips
Transit Score®
54 / 100
Good Transit
Many nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Portland
How much are Studio apartments in Portland?
There are currently 2,805 Studio Apartments in Portland with rent ranges from $507 to $6,821 with an average price of $1,385.
What is the current price range for One Bedroom Portland Apartments for rent?
Today's rental pricing for One Bedroom Apartments in Portland ranges from $507 to $6,673 with an average monthly rent of $1,801.
What does renting a Two Bedroom Apartment in Portland cost?
The monthly rent prices of Two Bedroom Apartments currently available in Portland range from $507 to $10,217. Today's average rental price for Two Bedrooms here is $2,153.
How expensive are Portland Three Bedroom Apartments?
There are currently 1,196 Three Bedroom Apartments listings available in Portland on ApartmentHomeLiving.com. The pricing ranges from $507 to $20,000 - averaging $2,807 for the location.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

A Portland Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent
Written by: Chad Deitchley
As your ApartmentHomeLiving.com Local Expert for Portland, Oregon, I’d like to briefly introduce myself. My name is Chad, and I come to the ApartmentHomeLiving.com team after living in Portland for decades.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.