Cheap Apartments for Rent in the Pearl Neighborhood of Portland, OR from $400 (43 Rentals)

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

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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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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The Wyatt
$1,498 - $8,678
Total Monthly Price

Total Monthly Price

Base Rent
$1,498 - $8,678
Total Monthly Price
$1,498 - $8,678
Studio to 2 Bedroom Apartments Available Now

The Wyatt

1221 NW Marshall StPortland, OR 97209
Corporate Housing
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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
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Enso
Studio to 2 Bedroom Apartments

Enso

1400 NW Marshall 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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ORO
Studio to 2 Bedroom Apartments

ORO

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

Dianne

535 NW 11th AvePortland, OR 97209
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Reveal Apartments
Studio to 2 Bedroom Apartments

Reveal Apartments

1411 NW Quimby StPortland, OR 97209
Corporate Housing

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property at 327 NW Park Ave

$1,595 - $2,500

1 To 2 Bedroom Rentals

Available Now

327 NW Park Ave

PortlandOR97209
Showing Results 1-43, Page 1 of 1

Pearl, Portland, OR Local Guide

Cheapest Available Pearl Apartments for Rent

 

The cheapest available apartment rental in the Pearl area of Portland, OR is a Studio unit found at Helen Swindells Apartments priced from $412. Pearl Court has the second lowest priced unit, which is a Studio apartment currently listed from $756. Here are the most affordable Pearl apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Helen Swindells Apartments0x1Studio,1BA$412
Pearl CourtStudio - AStudio,1BA$756
Lovejoy StationLove Joy Station 0x1 40%Studio,1BA$789
Fifth Avenue Place ApartmentsStudio 425Studio,1BA$845
The YardsStudioStudio,1BA$892
Honeyman Hardware LoftsBroadway Studio AStudio,1BA$1,278
DOCK 59 APARTMENTSStudio GStudio,1BA$1,285
GossamerB61BR,1BA$1,288
mResidences Portland Pearl DistrictStudio BStudio,1BA$1,350
Bridgetown LoftsTilikum1BR,1BA$1,350

Best Value Apartments for Rent in Pearl, OR

As of February 08, 2026 the best value apartment in the Pearl area is the $1.81 price per square foot Broadway Studio B Model at Honeyman Hardware Lofts in the in the Pearl District neighborhood starting from $1,368. The second greatest value Pearl 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 apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Honeyman Hardware LoftsBroadway Studio BStudio ,1BA$1.81
327 Northwest Park Avenue, Unit Apartment 3-D327 Northwest Park Avenue1BR,1BA$2.26
Bridgetown LoftsTilikum1BR,1BA$2.04
Crane Flats and LoftsLoft No. 5Studio ,1BA$2.51
EnsoCharlotteStudio ,1BA$2.43
Dianne1x1 JR1BR,1BA$2.50
Fifth Avenue Place ApartmentsStudio 425Studio ,1BA$1.78
The YardsStudioStudio ,1BA$2.29
Pearl CourtStudio - AStudio ,1BA$2.11
Helen Swindells Apartments0x1Studio ,1BA$1.72

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

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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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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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Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of neighborhoods, cities and towns, and rental properties across Oregon and customized analysis for Central Portland. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including filtering automatically for the best proximity to parks and outdoor amenities, luxury housing options, transit availability, pet-friendly communities, family-friendliness, in addition to floorplans, availablity, and pricing. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Pearl Apartments

What is a cheap apartment in Pearl?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Pearl is under $1,350.

What is the price of a cheap apartment in Pearl?

The cheapest apartment in Pearl is The Yards which is listed at $1,242, while the average apartment in Pearl costs $2,684.

What types of apartments are the cheapest in Pearl?

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 17 regular apartments in Pearl 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.

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.

Articles, How-To's, and Tips

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Maximizing Your Refund: Essential Tax Tips for Renters

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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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

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.