Cheap Apartments for Rent in the Pearl District Portland, OR from $500 (57 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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Amara
Rent Specials
$1,286 - $5,356
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$1,286 - $5,356
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Studio to 3 Bedroom Apartments Available Now

Amara

15 NW Park AvePortland, OR 97209
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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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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.

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Akoya
Rent Specials
$1,456 - $10,000
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$1,456 - $10,000
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Studio to 2 Bedroom Apartments Available Now

Akoya

1430 NW Hoyt StPortland, OR 97209
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Dianne
Rent Specials
$1,466 - $3,521
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$1,466 - $3,521
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Studio to 2 Bedroom Apartments Available Now

Dianne

535 NW 11th AvePortland, OR 97209
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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 Wyatt
$1,624 - $4,703
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$1,624 - $4,703
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Studio to 2 Bedroom Apartments Available Now

The Wyatt

1221 NW Marshall StPortland, OR 97209
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Block 17 Apartments
Rent Specials
$1,725 - $8,083
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$1,725 - $8,083
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Studio to 2 Bedroom Apartments Available Now

Block 17 Apartments

1161 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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Crane Flats and Lofts
Rent Specials
$1,750 - $2,266
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$1,750 - $2,266
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Studio to 1 Bedroom Apartments Available Now

Crane Flats and Lofts

710 NW 14th AvePortland, OR 97209
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The Sitka Apartments
Studio to 2 Bedroom Apartments

The Sitka Apartments

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

Everett Micro Lofts

306-318 NW BroadwayPortland, OR 97209
Student Housing
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Fifth Avenue Court
Studio to 2 Bedroom Apartments

Fifth Avenue Court

221 NW 5th AvePortland, OR 97209
property at 20 NW 16th Ave

$1,000 - $1,025

Studio Rentals

Available Now

20 NW 16th Ave

PortlandOR97209
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Modera Pearl
Studio to 2 Bedroom Apartments

Modera Pearl

1481 NW 13th AvePortland, OR 97209
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Honeyman Hardware Lofts
Studio to 1 Bedroom Apartments

Honeyman Hardware Lofts

555 NW Park AvePortland, OR 97209
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ORO
Studio to 2 Bedroom Apartments

ORO

1440 NW Overton StPortland, OR 97209

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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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 Apartments priced from $500. Fifth Avenue Place Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $845. Here are the most affordable Pearl District apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Helen Swindells Apartments0x1Studio,1BA$500
Fifth Avenue Place ApartmentsStudio 425Studio,1BA$845
Pearl CourtStudio apartment available - No security deposi...Studio,1BA$892
The YardsSecond Month FREE! — Studio Available Now!Studio,1BA$892
Everett Micro Lofts0BR/1.0BAStudio,1BA$950
Lovejoy Station0x1 50%Studio,1BA$1,007
AmaraOA21BR,1BA$1,286
Bridgetown LoftsAlbertaStudio,1BA$1,295
DOCK 59 APARTMENTSStudio BStudio,1BA$1,295
Modera PearlS1Studio,1BA$1,316

Best Value Apartments for Rent in Pearl District, OR

As of April 26, 2026 the best value apartment in the Pearl District area is the $2.16 price per square foot Hawthorne Studio B Model at Honeyman Hardware Lofts in the in the Pearl District neighborhood starting from $2,279. The second greatest value Pearl District apartment is the Loft No. 4 Model at Crane Flats and Lofts starting at $2,266 with a $2.46 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.
Honeyman Hardware LoftsHawthorne Studio BStudio ,1BA$2.16
Crane Flats and LoftsLoft No. 41BR,1BA$2.46
Everett Station Lofts1051BR,1BA$2.06
Reveal ApartmentsA12.1D1BR,1BA$2.47
327 Northwest Park Avenue, Unit Apartment 3-D327 Northwest Park Avenue1BR,1BA$2.26
The Wyatt11CLB1Studio ,1BA$2.45
Bridgetown LoftsAlbertaStudio ,1BA$2.31
Modera PearlS1Studio ,1BA$2.65
Fifth Avenue Place ApartmentsStudio 425Studio ,1BA$1.78
The YardsSecond Month FREE! — Studio Available Now!Studio ,1BA$2.29

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

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

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

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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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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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 $1,316.

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

The cheapest apartment in Pearl District is The Yards which is listed at $1,042, while the average apartment in Pearl District costs $2,922.

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 25 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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