
Cheap Apartments for Rent in the Pearl Neighborhood of Portland, OR from $500 (45 Rentals)
Search the lowest-cost Apartments available for rent right now in the Pearl area of Portland.


Pearl Court

The Yards

Lovejoy Station

The Abigail

DOCK 59

The Sutton

Fifth Avenue Place Apartments

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mResidences Portland Pearl District
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Oro Apartments

Couch9

The Rodney

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Akoya

Bridgetown Lofts

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Amara

Ramona Apartments

300 NW 8th Ave, Unit 203

Kearney Plaza
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1314 NW Irving St, Unit Apt 607

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Dianne

The Parker

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The Wyatt

Asa Flats and Lofts

327 Northwest Park Avenue, Unit Apartment 3-D

Gossamer

Burlington Tower

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Block 17 Apartments
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The Louisa Apartments

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NV Apartments

Everett Station Lofts

1255 NW 9th Ave

1030 NW 12th Ave, Unit 215

The Sitka Apartments

Everett Micro Lofts

Fifth Avenue Court

20 NW 16th Ave
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The Pearl Studios

Honeyman Hardware Lofts

ORO

Modera Pearl

Enso

300 NW 8th Ave

Heartline Apartments

Reveal Apartments

1125 NW 9th Ave
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Pearl, Portland, OR Local Guide

How much does it cost to rent an apartment in Pearl?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Pearl Studio Apartments | $1,434 | $500 | $2,175 |
| Pearl 1 Bedroom Apartments | $2,020 | $1,163 | $4,149 |
| Pearl 2 Bedroom Apartments | $2,769 | $1,297 | $5,137 |
| Pearl 3 Bedroom Apartments | $1,977 | $1,666 | $3,853 |
Browse Apartments in this Neighborhood
There are currently 45 rentals with your search options within a 2 mile radius of the Pearl Neighborhood of Portland, OR.
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Pearl, Portland, OR Local Guide
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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 Building priced from $500. Pearl Court has the second lowest priced unit, which is a Studio apartment currently listed from $892. Here are the most affordable Pearl apartments for rent in Portland, OR:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Helen Swindells Building | 0x1 | Studio,1BA | $500 |
| Pearl Court | Studio apartment available - No security deposi... | Studio,1BA | $892 |
| The Yards | Second Month FREE! — Studio Available Now! | Studio,1BA | $892 |
| Lovejoy Station | 0x1 50% | Studio,1BA | $1,007 |
| The Pearl Studios | Austin | Studio,1BA | $1,047 |
| The Abigail | 1 Bedroom 1 Bath Affordable | 1BR,1BA | $1,163 |
| DOCK 59 | Studio C | Studio,1BA | $1,265 |
| The Sutton | S2 | Studio,1BA | $1,340 |
| Couch9 | Studio-D | Studio,1BA | $1,375 |
| The Rodney | Studio S2 | Studio,1BA | $1,380 |
Best Value Apartments for Rent in Pearl, OR
As of August 16, 2026 the best value apartment in the Pearl 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 apartment is the One-Bedroom + Den H Model at The Louisa Apartments starting at $2,449 with a $2.76 price per square foot in the Northwest Portland neighborhood. Here is today’s list of the best values for Pearl apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Everett Station Lofts | 105 | 1BR,1BA | $2.06 |
| The Louisa Apartments | One-Bedroom + Den H | 1BR,1BA | $2.76 |
| Ramona Apartments | 2 Bedroom 1 Bath Plan A | 2BR,1BA | $1.65 |
| 327 Northwest Park Avenue, Unit Apartment 3-D | 327 Northwest Park Avenue | 1BR,1BA | $2.26 |
| Reveal Apartments | A2.1 | 1BR,1BA | $2.53 |
| Lovejoy Station | 1 bedroom for rent in Portland - 3 full months ... | 1BR,1BA | $2.84 |
| Honeyman Hardware Lofts | Broadway Studio B | Studio ,1BA | $2.17 |
| mResidences Portland Pearl District | 1x1 C | 1BR,1BA | $2.63 |
| Bridgetown Lofts | Alberta | Studio ,1BA | $2.58 |
| The Yards | Second Month FREE! — Studio Available Now! | Studio ,1BA | $2.29 |
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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.
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 $1,380.
What is the price of a cheap apartment in Pearl?
The cheapest apartment in Pearl is The Abigail which is listed at $1,163, while the average apartment in Pearl costs $1,875.
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 9 regular apartments in Pearl that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Pearl?
Cheap apartments in Pearl have an average cost of $107 which is $1,768 cheaper than the average rent for all rentals in Pearl.
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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