Cheap Apartments for Rent in the Pearl District Portland, OR from $500 (44 Rentals)

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

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Oro Apartments
Rent Specials
$1,374 - $2,250
Total Monthly Price

Total Monthly Price

Base Rent
$1,374 - $2,250

Total Monthly Price
$1,374 - $2,250
Studio to 2 Bedroom Apartments Available Aug 4

Oro Apartments

1470 NW Overton StPortland, OR 97209
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From Arts to Eats: A Local Insider's Guide to Living in Portland's Best Spots

Discover the true heart of Portland, Oregon, with this local expert's guide. Explore the city's unique history, from the coin toss that named it to its "Keep Portland Weird" culture, and get an insider look at its most notable neighborhoods and internationally recognized food scene.

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Dianne
Rent Specials
$1,464 - $3,521
Total Monthly Price

Total Monthly Price

Base Rent
$1,464 - $3,521

Total Monthly Price
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Studio to 2 Bedroom Apartments Available Now

Dianne

535 NW 11th AvePortland, OR 97209
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Amara
Rent Specials
$1,472 - $4,230
Total Monthly Price

Total Monthly Price

Base Rent
$1,472 - $4,230

Total Monthly Price
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Studio to 3 Bedroom Apartments Available Now

Amara

15 NW Park AvePortland, OR 97209
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property at 300 NW 8th Ave

$1,495

Total Monthly Price

Total Monthly Price

Base Rent
$1,495

Total Monthly Price
$1,495

Studio, 1 Bath Condo for Rent

Available Now

300 NW 8th Ave, Unit 203

300 NW 8th Ave
PortlandOR97209
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Akoya
Rent Specials
$1,504 - $10,000
Total Monthly Price

Total Monthly Price

Base Rent
$1,504 - $10,000

Total Monthly Price
$1,504 - $10,000
Studio to 2 Bedroom Apartments Available Now

Akoya

1430 NW Hoyt StPortland, OR 97209
Corporate Housing
  • Verified
  • Customer Reviewed

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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The Wyatt
$1,575 - $4,864
Total Monthly Price

Total Monthly Price

Base Rent
$1,575 - $4,864

Total Monthly Price
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Studio to 2 Bedroom Apartments Available Now

The Wyatt

1221 NW Marshall StPortland, OR 97209
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NV Apartments
$1,589 - $3,405
Total Monthly Price

Total Monthly Price

Base Rent
$1,589 - $3,405

Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

NV Apartments

1261 NW Overton StPortland, OR 97209
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Block 17 Apartments
Rent Specials
$1,690 - $5,664
Total Monthly Price

Total Monthly Price

Base Rent
$1,690 - $5,664

Total Monthly Price
$1,690 - $5,664
Studio to 2 Bedroom Apartments Available Now

Block 17 Apartments

1161 NW Overton StPortland, OR 97209
Corporate Housing
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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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The Sitka Apartments
Studio to 2 Bedroom Apartments

The Sitka Apartments

1115 NW Northrup StPortland, OR 97209
  • Utilities Included
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Everett Micro Lofts
Studio Apartments

Everett Micro Lofts

306-318 NW BroadwayPortland, OR 97209
Student Housing

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Fifth Avenue Court
Studio to 2 Bedroom Apartments

Fifth Avenue Court

221 NW 5th AvePortland, OR 97209
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The Pearl Studios
Studio Apartments

The Pearl Studios

1430 NW Pettygrove StPortland, OR 97209
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Honeyman Hardware Lofts
Studio to 1 Bedroom Apartments

Honeyman Hardware Lofts

555 NW Park AvePortland, OR 97209
Corporate Housing
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Enso
Studio to 2 Bedroom Apartments

Enso

1400 NW Marshall StPortland, OR 97209
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ORO
Studio to 2 Bedroom Apartments

ORO

1440 NW Overton StPortland, OR 97209
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Modera Pearl
Studio to 2 Bedroom Apartments

Modera Pearl

1481 NW 13th AvePortland, OR 97209
property at 300 NW 8th Ave

$1,495 - $3,995

Studio To 2 Bedroom Rentals

Available Now

300 NW 8th Ave

PortlandOR97209

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Reveal Apartments
Studio to 2 Bedroom Apartments

Reveal Apartments

1411 NW Quimby StPortland, OR 97209
Corporate Housing

Pearl District, Portland, OR Local Guide

Cheapest Available Pearl District Apartments for Rent

 

The cheapest available apartment rental in the Pearl District area of Portland, OR is a Studio unit found at Helen Swindells Building priced from $500. Fifth Avenue Place Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $875. Here are the most affordable Pearl District apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Helen Swindells Building0x1Studio,1BA$500
Fifth Avenue Place ApartmentsStudio 425Studio,1BA$875
Pearl CourtStudio apartment available - No security deposi...Studio,1BA$892
The YardsSecond Month FREE! — Studio Available Now!Studio,1BA$892
Lovejoy Station0x1 50%Studio,1BA$1,007
The Pearl StudiosAustinStudio,1BA$1,047
DOCK 59Studio CStudio,1BA$1,265
Honeyman Hardware LoftsBroadway Studio BStudio,1BA$1,371
Couch9Studio-DStudio,1BA$1,375
Bridgetown LoftsAlphabetStudio,1BA$1,395

Best Value Apartments for Rent in Pearl District, OR

As of July 25, 2026 the best value apartment in the Pearl District area is the $2.06 price per square foot 105 Model at Everett Station Lofts in the in the Pearl District neighborhood starting from $1,847. The second greatest value Pearl District apartment is the 11CLP Model at The Wyatt starting at $1,986 with a $2.34 price per square foot in the Northwest Portland neighborhood. Here is today’s list of the best values for Pearl District apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Everett Station Lofts1051BR,1BA$2.06
The Wyatt11CLP1BR,1BA$2.34
EnsoAshland1BR,1BA$2.22
Reveal ApartmentsA13.1D1BR,1BA$2.51
327 Northwest Park Avenue, Unit Apartment 3-D327 Northwest Park Avenue1BR,1BA$2.26
mResidences Portland Pearl District1x1 F1BR,1BA$2.63
Honeyman Hardware LoftsBroadway Studio BStudio ,1BA$2.14
Bridgetown LoftsAlphabetStudio ,1BA$2.53
Fifth Avenue Place ApartmentsStudio 425Studio ,1BA$2.06
The YardsSecond Month FREE! — Studio Available Now!Studio ,1BA$2.29

The Portland Power Commute: Top Neighborhoods for Renters Near the City’s Major Job Hubs

Balance work and life in Portland. Explore the neighborhoods for renting that offer great amenities and quick commutes to the city's top major employers. Find your Portland apartment today!

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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.

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A Local Experts Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Portland

A Local Experts guide to the Best Student Friendly Neighborhoods Near Colleges in the Portland area. Find your perfect Student apartment, condo, or rental home today

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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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Lifestyle Ratings

Our team of engineers and researchers compares millions of points of data to bring you Lifestyle Ratings of rentals and neighborhoods across the USA, including Pearl District, Portland, and the greater Portland area. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including rankings of the best places for proximity to parks, luxury amenities, transit availability, pet-friendly communities, family-friendliness, and other valuable search options. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Pearl District Apartments

What is a cheap apartment in Pearl District?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Pearl District is under $1,395.

What is the price of a cheap apartment in Pearl District?

The cheapest apartment in Pearl District is Fifth Avenue Place Apartments which is listed at $1,100, while the average apartment in Pearl District costs $3,847.

What types of apartments are the cheapest in Pearl District?

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 18 regular apartments in Pearl District that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

Expert Rental Resources

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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