Cheap Apartments for Rent in the Hollywood Neighborhood of Portland, OR from $500 (100 Rentals)

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

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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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

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Vista Aero
3 to 4 Bedroom Apartments

Vista Aero

6840 NE Killingsworth StPortland, OR 97218
  • Utilities Included
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Tabor Hill Terrace
1 Bedroom Apartments

Tabor Hill Terrace

6028-6078 E Burnside StPortland, OR 97215
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Terrace Court
Studio Apartments

Terrace Court

815 SE Washington StPortland, OR 97214

Portland’s Best Affordable Neighborhoods

Learn about Portland and the best places to live with original content written by our Portland, OR Local Expert Chad Deitchley

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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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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 St. Francis Park priced from $536. Las Adelitas has the second lowest priced unit, which is a Studio apartment currently listed from $619. Here are the most affordable Hollywood apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
St. Francis ParkStudioStudio,1BA$536
Las AdelitasStudio - 30% AMIStudio,1BA$619
MILEPOST 5SROStudio,$620
Alder 9Studio 30%Studio,1BA$626
Society 62Private Room1BR,$750
Villa de Suenos4 Bedroom 2 Baths PBV unit at 30% AMI4BR,2BA$848
OrlostudioStudio,1BA$935
Melcliff Apartments0BR/1.0BAStudio,1BA$950
Kimberly Court1BR/1.0BA1BR,1BA$950
Koz on 13thStudioStudio,1BA$952

Best Value Apartments for Rent in Hollywood, OR

As of July 29, 2025 the best value apartment in the Hollywood area is the $0.65 price per square foot 4 Bedroom 2 Baths PBV unit at 30% AMI Model at Villa de Suenos in the in the Cully neighborhood starting from $848. The second greatest value Hollywood apartment is the 3 Bedroom, 2 Bath Model at Terrace At Columbia Knoll Apartments starting at $1,720 with a $1.50 price per square foot in the Cully 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.
Villa de Suenos4 Bedroom 2 Baths PBV unit at 30% AMI4BR,2BA$0.65
Terrace At Columbia Knoll Apartments3 Bedroom, 2 Bath3BR,2BA$1.50
Los Jardines de la Paz3 Bedroom 1 Bath3BR,1BA$1.19
Burnside East2 BR 1 BATH C2BR,1BA$1.88
5029 SE Taylor St, Unit Basement5029 SE Taylor St1BR,1BA$1.67
Wellesley Court Apartments1BR/1.0BA1BR,1BA$1.72
Charay Apartments1 Bed, 1 bath1BR,1BA$1.56
Hank Reardon Plaza1 Level Loft1BR,1BA$1.71
Kimberly Court1BR/1.0BA1BR,1BA$1.69
St. Francis ParkStudioStudio ,1BA$1.34

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Hollywood, Portland, OR

Ranked #28

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 a cheap apartment in Hollywood?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Hollywood is under $952.

What is the price of a cheap apartment in Hollywood?

The cheapest apartment in Hollywood is St. Francis Park which is listed at $554, while the average apartment in Hollywood costs $5,500.

What types of apartments are the cheapest in Hollywood?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 103 regular apartments in Hollywood that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Hollywood?

Cheap apartments in Hollywood have an average cost of $363 which is $5,137 cheaper than the average rent for all rentals in Hollywood.

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.