Cheap Apartments for Rent in the Pearl District Portland, OR from $500 (38 Rentals)

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

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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Amara
Rent Specials
$1,316 - $8,387

Total Monthly Price

Base Rent$1,316 - $8,387

Total Monthly PriceVaries
Studio to 3 Bedroom Apartments Available Now

Amara

15 NW Park AvePortland, OR 97209
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Oro Apartments
Rent Specials
$1,399 - $2,285

Total Monthly Price

Base Rent$1,399 - $2,285

Total Monthly Price$1,399 - $2,285
Studio to 2 Bedroom Apartments Available Now

Oro Apartments

1470 NW Overton StPortland, OR 97209
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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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Dianne
Rent Specials
$1,542 - $3,590

Total Monthly Price

Base Rent$1,542 - $3,590

Total Monthly PriceVaries
Studio to 2 Bedroom Apartments Available Now

Dianne

535 NW 11th AvePortland, OR 97209
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Akoya
Rent Specials
$1,691 - $6,149

Total Monthly Price

Base Rent$1,691 - $6,149

Total Monthly PriceVaries
Studio to 2 Bedroom Apartments Available Now

Akoya

1430 NW Hoyt 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
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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
$885 - $1,095
Studio Rentals
Available Now
Affordability

20 NW 16th Ave

PortlandOR97209
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ORO
Studio to 2 Bedroom Apartments

ORO

1440 NW Overton 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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Modera Pearl
Studio to 2 Bedroom Apartments

Modera Pearl

1481 NW 13th AvePortland, OR 97209
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Enso
Studio to 2 Bedroom Apartments

Enso

1400 NW Marshall StPortland, OR 97209
property at 300 NW 8th Ave
$1,495 - $3,795
Studio To 2 Bedroom Rentals
Available Now
Affordability

300 NW 8th Ave

PortlandOR97209

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.

property at 1125 NW 9th Ave
$1,595 - $3,000
1 Bedroom Rentals
Available Now
Furnished

1125 NW 9th Ave

PortlandOR97209
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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 Fifth Avenue Place Apartments priced from $799. Pearl Court has the second lowest priced unit, which is a Studio apartment currently listed from $892. Here are the most affordable Pearl District apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Fifth Avenue Place ApartmentsStudio 425Studio,1BA$799
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 Abigail1 Bedroom 1 Bath Affordable1BR,1BA$1,163
DOCK 59Studio CStudio,1BA$1,265
AmaraOA11BR,1BA$1,316
The RodneyStudio S2Studio,1BA$1,342
Couch9Studio-DStudio,1BA$1,375
Bridgetown LoftsAlphabetStudio,1BA$1,395

Best Value Apartments for Rent in Pearl District, OR

As of September 09, 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 One-Bedroom + Den H Model at The Louisa Apartments starting at $2,414 with a $2.72 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 Louisa ApartmentsOne-Bedroom + Den H1BR,1BA$2.72
Ramona Apartments2 Bedroom 1 Bath Plan A2BR,1BA$1.65
327 Northwest Park Avenue, Unit Apartment 3-D327 Northwest Park Avenue1BR,1BA$2.26
Reveal ApartmentsA2.11BR,1BA$2.60
Honeyman Hardware LoftsBroadway Studio BStudio ,1BA$2.28
EnsoCharlotteStudio ,1BA$2.58
Bridgetown LoftsAlbertaStudio ,1BA$2.81
Fifth Avenue Place ApartmentsStudio 425Studio ,1BA$1.88
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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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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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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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 the Cheapest Studio apartment in Pearl District?

Currently the most affordable Cheap Studio Apartment in Pearl District is at Fifth Avenue Place Apartments listed at $799.

How much is rent for a Cheap One Bedroom Pearl District Apartment?

The lowest price for a Cheap One Bedroom Pearl District Apartment is $1,163 at The Abigail.

What is the lowest price for a Cheap Two Bedroom Pearl District Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Pearl District is starting from $1,449 at Ramona Apartments.

What is the most affordable Pearl District Three Bedroom Apartment?

The best deal on a cheap Pearl District Three Bedroom Apartment rental is at Ramona Apartments and starts from $1,666.

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.

Helpful Local Expert Guides

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From Arts to Eats: A Local Insider's Guide to Living in Portland's Best Spots

Written by: Chad Deitchley

Hello! My name is Chad, and I am your ApartmentHomeLiving.com Local Expert for Portland, Oregon. After living in this one-of-a-kind city for more than 20 years, I have seen it change in many exciting ways.

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

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

Written by: Chad Deitchley

Let me introduce myself as your ApartmentHomeLiving Local Expert for Portland, Oregon. I’m Chad, and I can attest firsthand to the vibrant and funky nature of this one-of-a-kind city.

decorative image for Local Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Portland article

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

Written by: Chad Deitchley

Hello! My name is Chad, and I joined the ApartmentHomeLiving.com team as a Local Expert after living in Portland, Oregon, for more than 20 years. I have a deep love for this charming and vibrant city.

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.

Articles, How-To's, and Tips

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

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.