Cheap Homes for Rent in Hollywood Neighborhood of Portland, OR from $600 (22 Rentals)

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Search the lowest-cost Homes 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

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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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

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
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
Connery Place - Student Housing2x12BR,1BA$1.75
Kimberly Court1BR/1.0BA1BR,1BA$1.69
St. Francis ParkStudioStudio ,1BA$1.34

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.

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Frequently Asked Questions about Hollywood

What type of rentals are currently available in Hollywood?

There are currently 1203 Apartments for Rent in Hollywood, OR with pricing that ranges from $507 to $14,192. There are also 68 Single Family Homes for rent, Condos, and Townhome rentals currently available in Hollywood ranging from $640 to $5,250.

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 $640 to $5,250 with an average monthly rent of $2,709.

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 $3,972, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,695 to $4,650. Four Bedroom Single-Family rentals are also available starting from $2,600 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.

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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.