Cheap Apartments for Rent in the Pearl Neighborhood of Portland, OR from $500 (35 Rentals)

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Amara
Rent Specials
$1,367 - $4,708
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$1,367 - $4,708

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Studio to 3 Bedroom Apartments Available Now

Amara

15 NW Park AvePortland, OR 97209
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Akoya
Rent Specials
$1,372 - $10,000
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$1,372 - $10,000

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Studio to 2 Bedroom Apartments Available Now

Akoya

1430 NW Hoyt StPortland, OR 97209
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Oro Apartments
Rent Specials
$1,392 - $1,584
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$1,392 - $1,584

Total Monthly Price
$1,392 - $1,584
Studio to 1 Bedroom Apartments Available Now

Oro Apartments

1470 NW Overton StPortland, OR 97209
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Block 17 Apartments
Rent Specials
$1,409 - $6,901
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$1,409 - $6,901

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Studio to 2 Bedroom Apartments Available Now

Block 17 Apartments

1161 NW Overton StPortland, OR 97209
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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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Dianne
Rent Specials
$1,549 - $3,521
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$1,549 - $3,521

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Studio to 2 Bedroom Apartments Available Now

Dianne

535 NW 11th AvePortland, OR 97209
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NV Apartments
Rent Specials
$1,589 - $3,405
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$1,589 - $3,405

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1 to 2 Bedroom Apartments Available Now

NV Apartments

1261 NW Overton StPortland, OR 97209
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property at 300 NW 8th Ave

$1,645

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Base Rent
$1,645

Total Monthly Price
$1,645

Studio, 1 Bath Condo for Rent

Available Now

300 NW 8th Ave, Unit 203

300 NW 8th Ave
PortlandOR97209

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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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
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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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The Pearl Studios
Studio Apartments

The Pearl Studios

1430 NW Pettygrove StPortland, OR 97209
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Honeyman Hardware Lofts
Studio to 1 Bedroom Apartments

Honeyman Hardware Lofts

555 NW Park AvePortland, OR 97209
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ORO
Studio to 2 Bedroom Apartments

ORO

1440 NW Overton StPortland, OR 97209

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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Modera Pearl
Studio to 2 Bedroom Apartments

Modera Pearl

1481 NW 13th AvePortland, OR 97209
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Enso
Studio to 2 Bedroom Apartments

Enso

1400 NW Marshall StPortland, OR 97209

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 Building priced from $500. The Yards 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 ListingModel NameBed/BathPriced From
Helen Swindells Building0x1Studio,1BA$500
The YardsSecond Month FREE! — Studio Available Now!Studio,1BA$892
Pearl CourtStudio apartment available - No security deposi...Studio,1BA$892
Fifth Avenue Place ApartmentsStudio 425Studio,1BA$995
Lovejoy Station0x1 50%Studio,1BA$1,007
The Pearl StudiosAustinStudio,1BA$1,044
Honeyman Hardware LoftsBroadway Studio BStudio,1BA$1,321
AkoyaS1aStudio,1BA$1,372
Couch9Studio-DStudio,1BA$1,375
GossamerA1Studio,1BA$1,407

Best Value Apartments for Rent in Pearl, OR

As of June 30, 2026 the best value apartment in the Pearl area is the $2.02 price per square foot St. John 1x2 A Model at Honeyman Hardware Lofts in the in the Pearl District neighborhood starting from $3,337. The second greatest value Pearl apartment is the 105 Model at Everett Station Lofts starting at $1,847 with a $2.06 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 LoftsSt. John 1x2 A1BR,2BA$2.02
Everett Station Lofts1051BR,1BA$2.06
EnsoAshland1BR,1BA$2.10
Reveal ApartmentsA11.1D1BR,1BA$2.55
327 Northwest Park Avenue, Unit Apartment 3-D327 Northwest Park Avenue1BR,1BA$2.26
Modera PearlA41BR,1BA$2.52
mResidences Portland Pearl District1x1 F1BR,1BA$2.63
Bridgetown LoftsAlphabetStudio ,1BA$2.63
Fifth Avenue Place ApartmentsStudio 425Studio ,1BA$2.09
The YardsSecond Month FREE! — Studio Available Now!Studio ,1BA$2.29

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

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Quick Rent Budget Calculator

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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 the Cheapest Studio apartment in Pearl?

Currently the most affordable Cheap Studio Apartment in Pearl is at Helen Swindells Building listed at $500.

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

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

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 $1,297 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

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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

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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.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

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Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.