Cheap Apartments for Rent in the Pearl District Portland, OR from $500 (21 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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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
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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
Corporate Housing
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Enso
Studio to 2 Bedroom Apartments

Enso

1400 NW Marshall StPortland, OR 97209

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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. Pearl Court has the second lowest priced unit, which is a Studio apartment currently listed from $789. Here are the most affordable Pearl District apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Helen Swindells Apartments0x1Studio,1BA$500
Pearl CourtStudio - DStudio,1BA$789
Fifth Avenue Place ApartmentsStudio 425Studio,1BA$845
The Yards2nd month free rent — Studio Available Now!Studio,1BA$892
Everett Micro Lofts0BR/1.0BAStudio,1BA$950

Best Value Apartments for Rent in Pearl District, OR

As of March 12, 2026 the best value apartment in the Pearl District area is the $2.05 price per square foot St. John 1x2 B Model at Honeyman Hardware Lofts in the in the Pearl District neighborhood starting from $3,684. The second greatest value Pearl District apartment is the 327 Northwest Park Avenue Model at 327 Northwest Park Avenue, Unit Apartment 3-D starting at $1,650 with a $2.26 price per square foot in the Pearl District 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 LoftsSt. John 1x2 B1BR,2BA$2.05
327 Northwest Park Avenue, Unit Apartment 3-D327 Northwest Park Avenue1BR,1BA$2.26
Bridgetown LoftsSt.Johns1BR,1BA$1.98
Modera PearlA71BR,1BA$2.53
Crane Flats and LoftsLoft No. 5Studio ,1BA$2.51
EnsoCharlotteStudio ,1BA$2.66
Fifth Avenue Place ApartmentsStudio 425Studio ,1BA$1.78
Lovejoy Station0x1 50%Studio ,1BA$2.52
The Yards2nd month free rent — Studio Available Now!Studio ,1BA$2.29
Pearl CourtStudio - AStudio ,1BA$2.48

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

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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 Helen Swindells Apartments listed at $500.

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

The lowest price for a Cheap One Bedroom Pearl District Apartment is $1,042 at The Yards.

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 $1,297 at The Yards.

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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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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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.

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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.

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From Arts to Eats: A Local Insiders 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.

Articles, How-To's, and Tips

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Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.