Cheap Homes for Rent in Pearl District Portland, OR from $1,700 (24 Rentals)

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Search the lowest-cost Homes 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.

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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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property at 416 NW 13th Ave

416 NW 13th Ave

PortlandOR97209

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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Showing Results 1-24, Page 1 of 1

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 $1,237. 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$1,237
DOCK 59 APARTMENTSStudio BStudio,1BA$1,295
Couch9Studio-A-BStudio,1BA$1,350
mResidences Portland Pearl DistrictStudio BStudio,1BA$1,350

Best Value Apartments for Rent in Pearl District, OR

As of July 12, 2025 the best value apartment in the Pearl District area is the $2.34 price per square foot B1.2 Model at Reveal Apartments in the in the Northwest Portland neighborhood starting from $2,127. 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$2.34
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

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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Frequently Asked Questions about Pearl District

What type of rentals are currently available in Pearl District?

There are currently 83 Apartments for Rent in Pearl District, OR with pricing that ranges from $795 to $10,000. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Pearl District ranging from $1,700 to $3,995.

What is the current price range for Rental Homes in Pearl District?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Pearl District ranges from $1,700 to $3,995 with an average monthly rent of $2,621.

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.