Cheap Apartments for Rent in the Pearl District Portland, OR from $700 (29 Rentals)

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

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.

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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The Sitka Apartments
Studio to 2 Bedroom Apartments

The Sitka Apartments

1115 NW Northrup StPortland, OR 97209
  • Utilities Included
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Pearl Court Apartments
Studio to 2 Bedroom Apartments

Pearl Court Apartments

920 NW Kearney StPortland, OR 97209
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The Ramona
Studio to 3 Bedroom Apartments

The Ramona

1550 NW 14th AvePortland, OR 97209
  • Utilities Included

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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ORO
Studio to 2 Bedroom Apartments

ORO

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

Enso

1400 NW Marshall StPortland, OR 97209

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 5th Avenue Place Apartments priced from $795. Oro Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,260. Here are the most affordable Pearl District apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
5th Avenue Place ApartmentsStudio, 1 bathStudio,1BA$795
Oro ApartmentsStudio FStudio,1BA$1,260
DOCK 59 APARTMENTSStudio BStudio,1BA$1,295
Couch9Studio-A-BStudio,1BA$1,325
mResidences Portland Pearl DistrictStudio BStudio,1BA$1,350
EnsoLilyStudio,1BA$1,435
The SuttonS6Studio,1BA$1,464
Modera PearlS1Studio,1BA$1,481
Honeyman Hardware LoftsBroadway Studio AStudio,1BA$1,525
Bridgetown LoftsSteel1BR,1BA$1,525

Best Value Apartments for Rent in Pearl District, OR

As of July 13, 2025 the best value apartment in the Pearl District area is the $2.35 price per square foot B1.2 Model at Reveal Apartments in the in the Northwest Portland neighborhood starting from $2,134. The second greatest value Pearl District apartment is the 1009 NW Hoyt St Model at 1009 NW Hoyt St, Unit 203 starting at $1,950 with a $2.36 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.
Reveal ApartmentsB1.22BR,2BA$2.35
1009 NW Hoyt St, Unit 2031009 NW Hoyt St1BR,1BA$2.36
1400 NW Irving St, Unit #5141400 NW Irving St1BR,1BA$2.72
Honeyman Hardware LoftsBroadway Studio CStudio ,1BA$2.62
Crane Flats and LoftsLoft No. 3Studio ,1BA$2.50
327 Northwest Park Avenue, Unit Apartment 3-D327 Northwest Park Avenue1BR,1BA$2.26
Bridgetown LoftsHawthorne1BR,1BA$2.22
mResidences Portland Pearl District1x1 C1BR,1BA$2.63
EnsoLilyStudio ,1BA$2.74
5th Avenue Place ApartmentsStudio, 1 bathStudio ,1BA$1.67

Quick Rent Budget Calculator

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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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Pet Friendly Lifestyle
Pearl District, Portland, OR

Ranked #43

Among neighborhoods in Portland, OR for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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 $1,525.

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

The cheapest apartment in Pearl District is 5th Avenue Place Apartments which is listed at $1,100, while the average apartment in Pearl District costs $2,750.

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 6 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

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.