Cheap Apartments for Rent in the Hollywood Neighborhood of Portland, OR from $600 (192 Rentals)

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

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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 $630. 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,$630
Hayu TilixamTwo Bedroom2BR,2BA$668
Society 62Private Room1BR,$750
Villas de Mariposas2 Bedroom 1 Bath2BR,1BA$878
Terrace CourtStudioStudio,1BA$895
Wellesley Court Apartments0BR/1.0BAStudio,1BA$925
Koz on 13thStudioStudio,1BA$952
Warnell Apartments!0BR/1.0BAStudio,1BA$995
Koz on SandyUnbeatable Rent Special @ Koz on Sandy!Studio,1BA$999

Best Value Apartments for Rent in Hollywood, OR

As of November 15, 2025 the best value apartment in the Hollywood area is the $1.47 price per square foot 1138 NE 72nd Ave Model at 1138 NE 72nd Ave, Unit Duplex in the in the Southeast Portland neighborhood starting from $2,350. The second greatest value Hollywood apartment is the 6910 NE Pacific St Model at 6910 NE Pacific St starting at $1,800 with a $1.20 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.
1138 NE 72nd Ave, Unit Duplex1138 NE 72nd Ave3BR,1BA$1.47
6910 NE Pacific St6910 NE Pacific St2BR,1BA$1.20
Villas de Mariposas4 Bedrooms 2 Baths4BR,2BA$1.25
Villa de Suenos3 Bedroom 1.5 Baths PBV unit at 30% AMI3BR,1.5BA$1.14
Los Jardines de la Paz3 Bedroom 1 Bath3BR,1BA$1.19
5404 NE 54th Ave, Unit B5404 NE 54th Ave1BR,1BA$1.74
CommonsThe Cedar2BR,1BA$1.93
Connery Place - Student Housing2x12BR,1BA$1.75
Melissa Anne1x11BR,1BA$1.58
Weidler Commons1x1 ground floor1BR,1BA$1.88

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Pet Friendly Lifestyle
Hollywood, Portland, OR

Ranked #24

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Hollywood, Portland, OR

School data provided by Great Schools

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

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 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 $668 at Hayu Tilixam.

What is the most affordable Hollywood Three Bedroom Apartment?

The best deal on a cheap Hollywood Three Bedroom Apartment rental is at Hayu Tilixam and starts from $765.

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.

decorative image for A Portland Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent article

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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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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.