Cheap Apartments for Rent in the Pearl Neighborhood of Portland, OR from $700 (29 Rentals)

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

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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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

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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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The Sitka Apartments
Studio to 2 Bedroom Apartments

The Sitka Apartments

1115 NW Northrup StPortland, OR 97209
  • Utilities Included
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Pearl Court Apartments
Studio to 2 Bedroom Apartments

Pearl Court Apartments

920 NW Kearney StPortland, OR 97209
  • Utilities Included

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 Ramona
Studio to 3 Bedroom Apartments

The Ramona

1550 NW 14th AvePortland, OR 97209
  • Utilities Included
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ORO
Studio to 2 Bedroom Apartments

ORO

1440 NW Overton StPortland, OR 97209
Showing Results 1-29, 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 Bridgetown Lofts priced from $1,205. Oro Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,247. Here are the most affordable Pearl apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Bridgetown LoftsLloydStudio,1BA$1,205
Oro ApartmentsStudio FStudio,1BA$1,247
DOCK 59 APARTMENTSStudio GStudio,1BA$1,295
mResidences Portland Pearl DistrictStudio BStudio,1BA$1,350
Modera PearlS1Studio,1BA$1,370
Honeyman Hardware LoftsBroadway Studio BStudio,1BA$1,395
The SuttonS5Studio,1BA$1,415
Kearney PlazaStudio E1Studio,1BA$1,421
AmaraOA11BR,1BA$1,475
The Louisa ApartmentsUrban One-Bedroom G1BR,1BA$1,477

Best Value Apartments for Rent in Pearl, OR

As of May 31, 2025 the best value apartment in the Pearl area is the $2.29 price per square foot Morrison Studio B Model at Honeyman Hardware Lofts in the in the Pearl District neighborhood starting from $2,475. The second greatest value Pearl apartment is the Division Model at Bridgetown Lofts starting at $2,395 with a $2.23 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Honeyman Hardware LoftsMorrison Studio BStudio ,1BA$2.29
Bridgetown LoftsDivision2BR,2BA$2.23
Couch9One Bed One Bath - H1BR,1BA$2.35
Reveal ApartmentsB2B2BR,2BA$2.71
1400 NW Irving St, Unit #5141400 NW Irving St1BR,1BA$2.72
Crane Flats and LoftsLoft No. 3Studio ,1BA$2.50
327 Northwest Park Avenue, Unit Apartment 3-D327 Northwest Park Avenue1BR,1BA$2.26
Burlington TowerC1BR,1BA$2.84
Modera PearlS1Studio ,1BA$2.76
mResidences Portland Pearl DistrictStudio AStudio ,1BA$2.86

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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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.

Getting Around the Pearl Neighborhood in Portland, OR

Walk Score®

99 / 100

Walker’s Paradise

Daily errands do not require a car

Bike Score®

98 / 100

Biker's Paradise

Daily errands can be accomplished on a bike

Transit Score®

87 / 100

Excellent Transit

Transit is convenient for most trips

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Pearl Apartments

What is the Cheapest Studio apartment in Pearl?

Currently the most affordable Cheap Studio Apartment in Pearl is at Bridgetown Lofts listed at $1,195.

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

The lowest price for a Cheap One Bedroom Pearl Apartment is $1,473 at Modera Pearl.

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

Today's best deal for a Cheap Two Bedroom Apartment in Pearl is starting from $1,995 at Bridgetown Lofts.

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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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.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.