Cheap Homes for Rent in Hollywood Neighborhood of Portland, OR from $500 (23 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

Read Article

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.

Read Article

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.

Read Article
Showing Results 1-23, Page 1 of 1

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
Alder 9Studio 30%Studio,1BA$626
Society 62Private Room w/Bath1BR,1BA$700
Koz on 13thStudioStudio,1BA$950

Best Value Apartments for Rent in Hollywood, OR

As of September 15, 2025 the best value apartment in the Hollywood area is the $1.60 price per square foot 5702 SE Belmont St Model at 5702 SE Belmont St, Unit Charming and spacious in the in the Southeast Portland neighborhood starting from $2,749. The second greatest value Hollywood apartment is the 4 Bedroom 2 Baths Model at Los Jardines de la Paz starting at $1,413 with a $1.04 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.
5702 SE Belmont St, Unit Charming and spacious5702 SE Belmont St2BR,2BA$1.60
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
5204 NE Glisan St, Unit 52065204 NE Glisan St1BR,1BA$1.73
Hank Reardon Plaza1 Level Loft1BR,1BA$1.71
Connery Place - Student Housing2x12BR,1BA$1.75
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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Hollywood, Portland, OR

Ranked #30

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

decorative image of woman handing cat to small boy

Best Local Schools in
Hollywood, Portland, OR

School data provided by Great Schools

Frequently Asked Questions about Hollywood

What type of rentals are currently available in Hollywood?

There are currently 1220 Apartments for Rent in Hollywood, OR with pricing that ranges from $507 to $5,695. There are also 91 Single Family Homes for rent, Condos, and Townhome rentals currently available in Hollywood ranging from $545 to $4,895.

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 $545 to $4,895 with an average monthly rent of $2,684.

How much are larger Three and Four Bedroom Rentals in Hollywood?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Hollywood range from $507 to $3,995, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,295 to $4,895. Four Bedroom Single-Family rentals are also available starting from $2,495 and Four Bedroom Apartments start at $3,500.

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.

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

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.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

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.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

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

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.