Cheap Homes for Rent in Hollywood Neighborhood of Portland, OR from $900 (19 Rentals)

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

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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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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 Room1BR,$700
Terrace CourtStudioStudio,1BA$895
Koz on 13thStudioStudio,1BA$952

Best Value Apartments for Rent in Hollywood, OR

As of June 09, 2025 the best value apartment in the Hollywood area is the $1.04 price per square foot 4 Bedroom 2 Baths Model at Los Jardines de la Paz in the in the Cully neighborhood starting from $1,413. 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.
Los Jardines de la Paz4 Bedroom 2 Baths4BR,2BA$1.04
Terrace At Columbia Knoll Apartments3 Bedroom, 2 Bath3BR,2BA$1.50
Burnside East2 BR 1 BATH C2BR,1BA$1.88
Irvington Apartmentslxl1BR,1BA$1.71
Orlo2/12BR,1BA$1.61
CommonsThe Cedar2BR,1BA$1.97
Cully Park Apartments2BR/1.0BA2BR,1BA$1.54
Hank Reardon PlazaTownhouse Loft1BR,1BA$1.63
Kimberly Court2BR/1.0BA2BR,1BA$1.66
Weidler Commons1 BEDROOM1BR,1BA$1.92

Quick Rent Budget Calculator

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Frequently Asked Questions about Hollywood

What type of rentals are currently available in Hollywood?

There are currently 1197 Apartments for Rent in Hollywood, OR with pricing that ranges from $619 to $20,000. There are also 58 Single Family Homes for rent, Condos, and Townhome rentals currently available in Hollywood ranging from $995 to $6,995.

What is the current price range for Rental Homes in Hollywood?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Hollywood ranges from $995 to $6,995 with an average monthly rent of $2,568.

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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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.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.