
Cheap Apartments for Rent in the Hollywood Neighborhood of Portland, OR from $400 (64 Rentals)
Search the lowest-cost Apartments available for rent right now in the Hollywood area of Portland.


Las Adelitas

MILEPOST 5

Alder 9

2346 SE Ankeny St, Unit 2346

Koz on 13th
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.

Aldea at Glisan Landing

MF 11 - Cedarhurst Village Apartments

Koz on Sandy

Lower Burnside Lofts

St. Francis Park

1171 NE 65th Ave
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.

Laurel 42

1724 NE Killingsworth St

Sandy Lofts

Connery Place - Student Housing

Buckman Heights

Commons

333 SE 20th Ave

Hank Reardon Plaza
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.
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.
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

How much does it cost to rent an apartment in Hollywood?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Hollywood Studio Apartments | $1,241 | $507 | $2,750 |
Hollywood 1 Bedroom Apartments | $1,686 | $507 | $5,545 |
Hollywood 2 Bedroom Apartments | $2,147 | $507 | $5,695 |
Hollywood 3 Bedroom Apartments | $2,434 | $507 | $3,995 |
Hollywood 4 Bedroom Apartments | $4,866 | $3,200 | $6,533 |
Browse Apartments in this Neighborhood
There are currently 64 rentals with your search options within a 2 mile radius of the Hollywood Neighborhood of Portland, OR.
See all Apartments in PortlandExplore Portland
Hollywood, Portland, OR Local Guide
- Nearby Portland neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Las Adelitas | Studio - 30% AMI | Studio,1BA | $619 |
MILEPOST 5 | SRO | Studio, | $620 |
Society 62 | Private Room w/Bath | 1BR,1BA | $700 |
Koz on 13th | Studio | Studio,1BA | $925 |
Kimberly Court | 1BR/1.0BA | 1BR,1BA | $950 |
Koz on Sandy | Studio | Studio,1BA | $1,025 |
Melissa Anne | 1x1 | 1BR,1BA | $1,025 |
Tabor Commons | Micro Studio-B | Studio,1BA | $1,050 |
Weidler Commons | 1 bedroom waitlist | 1BR,1BA | $1,052 |
West Tabor | S04 | Studio,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
6045 NE Flanders St, Unit 6045 | 6045 NE Flanders St | 4BR,3BA | $1.70 |
5702 SE Belmont St, Unit Charming and spacious | 5702 SE Belmont St | 2BR,2BA | $1.60 |
Multnomah Heights | 4 bedroom apartment | 4BR,2BA | $1.71 |
Los Jardines de la Paz | 4 Bedroom 2 Baths | 4BR,2BA | $1.04 |
Clara Vista Townhomes | 3 Bed 1.5 Bath 50% MTSP Rent Limit | 3BR,1.5BA | $1.00 |
Villas de Mariposas | 3 Bedroom 1 Bath | 3BR,1.5BA | $1.10 |
Terrace At Columbia Knoll Apartments | 2 Bedroom, 1.5 Bath | 2BR,1.5BA | $1.63 |
Hank Reardon Plaza | 1 Level Loft | 1BR,1BA | $1.71 |
Melissa Anne | 1x1 | 1BR,1BA | $1.58 |
Kimberly Court | 1BR/1.0BA | 1BR,1BA | $1.69 |
Quick Rent Budget Calculator
How much rent can you afford?
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Pet Friendly LifestyleHollywood, Portland, OR
Ranked #35
Among cities in Oregon for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
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 $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.

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.