Cheap Apartments for Rent in the Hollywood Neighborhood of Portland, OR from $400 (64 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Hollywood area of Portland.

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Vista Aero
3 to 4 Bedroom Apartments

Vista Aero

6840 NE Killingsworth StPortland, OR 97218
  • Utilities Included

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Tabor Hill Terrace
1 to 2 Bedroom Apartments

Tabor Hill Terrace

6028-6078 E Burnside StPortland, OR 97215
  • Utilities Included
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Yamhill at Sixth
Studio to 1 Bedroom Apartments

Yamhill at Sixth

630 SE Yamhill StPortland, OR 97214
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Terrace Court
Studio Apartments

Terrace Court

815 SE Washington StPortland, OR 97214
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Kimberly Court
1 to 2 Bedroom Apartments

Kimberly Court

5624-5762 NE 42nd AvePortland, OR 97218
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The Vintage
Studio to 2 Bedroom Apartments

The Vintage

3046-3056 NE Holladay StPortland, OR 97232
  • Utilities Included
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Terra Tabor
1 to 2 Bedroom Apartments

Terra Tabor

28-34 SE 60th AvePortland, OR 97215
  • Utilities Included
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Meridian 40
Studio to 1 Bedroom Apartments

Meridian 40

1524 NE 40th AvePortland, OR 97232
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Lynnwood Apartments
Studio to 2 Bedroom Apartments

Lynnwood Apartments

1634 SE Hawthorne BlvdPortland, OR 97214
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Del Rey Apartments
Studio to 1 Bedroom Apartments

Del Rey Apartments

2555 NE Glisan StPortland, OR 97232
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Paradise Villa
Studio to 2 Bedroom Apartments

Paradise Villa

600-610 SE 39th AvePortland, OR 97214
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3228-3240 SE Morrison St
1 to 2 Bedroom Apartments

3228-3240 SE Morrison St

3228-3240 SE Morrison StPortland, OR 97214
  • Utilities Included

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Glee Apartments
Studio to 2 Bedroom Apartments

Glee Apartments

455 NE 24th AvePortland, OR 97232
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Melissa Anne
1 to 2 Bedroom Apartments

Melissa Anne

7606-7720 E Burnside StPortland, OR 97215
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Citizen East
1 to 3 Bedroom Apartments

Citizen East

4605-4609 NE Killingsworth StPortland, OR 97218
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The Morrison
Studio Apartments

The Morrison

717-735 SE Morrison StPortland, OR 97214
Transit Friendly
  • Utilities Included
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335 SE 80th Ave
Studio Apartments

335 SE 80th Ave

335 SE 80th AvePortland, OR 97215
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41 Central
Studio to 1 Bedroom Apartments

41 Central

1545 NE 41st AvePortland, OR 97232
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West Tabor
Studio to 2 Bedroom Apartments

West Tabor

516 SE 52nd AvePortland, OR 97215
  • Utilities Included
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Provi Apartments
Studio to 2 Bedroom Apartments

Provi Apartments

4720 NE Glisan StPortland, OR 97213

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

Hollywood, Portland, OR Local Guide

Cheapest Available Hollywood Apartments for Rent

 

The cheapest available apartment rental in the Hollywood area of Portland, OR is a Studio unit found at Las Adelitas priced from $619. MILEPOST 5 has the second lowest priced unit, which is a Studio apartment currently listed from $620. Here are the most affordable Hollywood apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Las AdelitasStudio - 30% AMIStudio,1BA$619
MILEPOST 5SROStudio,$620
Society 62Private Room w/Bath1BR,1BA$700
Koz on 13thStudioStudio,1BA$925
Kimberly Court1BR/1.0BA1BR,1BA$950
Koz on SandyStudioStudio,1BA$1,025
Melissa Anne1x11BR,1BA$1,025
Tabor CommonsMicro Studio-BStudio,1BA$1,050
Weidler Commons1 bedroom waitlist1BR,1BA$1,052
West TaborS04Studio,1BA$1,080

Best Value Apartments for Rent in Hollywood, OR

As of September 21, 2025 the best value apartment in the Hollywood area is the $1.70 price per square foot 6045 NE Flanders St Model at 6045 NE Flanders St, Unit 6045 in the in the Southeast Portland neighborhood starting from $3,200. The second greatest value Hollywood apartment is the 5702 SE Belmont St Model at 5702 SE Belmont St, Unit Charming and spacious starting at $2,749 with a $1.60 price per square foot in the Southeast Portland neighborhood. Here is today’s list of the best values for Hollywood apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
6045 NE Flanders St, Unit 60456045 NE Flanders St4BR,3BA$1.70
5702 SE Belmont St, Unit Charming and spacious5702 SE Belmont St2BR,2BA$1.60
Multnomah Heights4 bedroom apartment4BR,2BA$1.71
Los Jardines de la Paz4 Bedroom 2 Baths4BR,2BA$1.04
Clara Vista Townhomes3 Bed 1.5 Bath 50% MTSP Rent Limit3BR,1.5BA$1.00
Villas de Mariposas3 Bedroom 1 Bath3BR,1.5BA$1.10
Terrace At Columbia Knoll Apartments2 Bedroom, 1.5 Bath2BR,1.5BA$1.63
Hank Reardon Plaza1 Level Loft1BR,1BA$1.71
Melissa Anne1x11BR,1BA$1.58
Kimberly Court1BR/1.0BA1BR,1BA$1.69

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Hollywood, Portland, OR

Ranked #35

Among cities in Oregon for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

This website compiles millions of data points to bring you comprehensive Lifestyle Ratings of rentals and neighborhoods across the USA, and customized analysis for Central Portland. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including rankings of the best places for easy access to the parks, luxury amenities, kid and pet-friendly communities, availability of transit options, and how walkable or bikeable each community and area is. Find Lifestyle Search in the filter options (above). Happy Searching!

Getting Around the Hollywood Neighborhood in Portland, OR

Walk Score®

96 / 100

Walker’s Paradise

Daily errands do not require a car

Bike Score®

96 / 100

Biker's Paradise

Daily errands can be accomplished on a bike

Transit Score®

73 / 100

Excellent Transit

Transit is convenient for most trips

Frequently Asked Questions about Cheap Hollywood Apartments

What is the Cheapest Studio apartment in Hollywood?

Currently the most affordable Cheap Studio Apartment in Hollywood is at Las Adelitas listed at $619.

How much is rent for a Cheap One Bedroom Hollywood Apartment?

The lowest price for a Cheap One Bedroom Hollywood Apartment is $698 at Las Adelitas.

What is the lowest price for a Cheap Two Bedroom Hollywood Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Hollywood is starting from $1,225 at Connery Place - Student Housing.

What is the most affordable Hollywood Three Bedroom Apartment?

The best deal on a cheap Hollywood Three Bedroom Apartment rental is at Clara Vista Townhomes and starts from $1,267.

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.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.

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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.