Cheap Apartments for Rent in the Pearl Neighborhood of Portland, OR from $500 (45 Rentals)

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

From Arts to Eats: A Local Insider's Guide to Living in Portland's Best Spots

Discover the true heart of Portland, Oregon, with this local expert's guide. Explore the city's unique history, from the coin toss that named it to its "Keep Portland Weird" culture, and get an insider look at its most notable neighborhoods and internationally recognized food scene.

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Oro Apartments
Rent Specials
$1,374 - $2,285
Total Monthly Price

Total Monthly Price

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$1,374 - $2,285

Total Monthly Price
$1,374 - $2,285
Studio to 2 Bedroom Apartments Available Now

Oro Apartments

1470 NW Overton StPortland, OR 97209
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Akoya
Rent Specials
$1,381 - $10,000
Total Monthly Price

Total Monthly Price

Base Rent
$1,381 - $10,000

Total Monthly Price
$1,381 - $10,000
Studio to 2 Bedroom Apartments Available Now

Akoya

1430 NW Hoyt StPortland, OR 97209
Corporate Housing
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Amara
Rent Specials
$1,436 - $5,875
Total Monthly Price

Total Monthly Price

Base Rent
$1,436 - $5,875

Total Monthly Price
$1,436 - $5,875
Studio to 3 Bedroom Apartments Available Now

Amara

15 NW Park AvePortland, OR 97209
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property at 300 NW 8th Ave

$1,495

Total Monthly Price

Total Monthly Price

Base Rent
$1,495

Total Monthly Price
$1,495

Studio, 1 Bath Condo for Rent

Available Now

300 NW 8th Ave, Unit 203

300 NW 8th Ave
PortlandOR97209

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Dianne
Rent Specials
$1,542 - $3,521
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$1,542 - $3,521

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Studio to 2 Bedroom Apartments Available Now

Dianne

535 NW 11th AvePortland, OR 97209
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The Wyatt
$1,635 - $4,006
Total Monthly Price

Total Monthly Price

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$1,635 - $4,006

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Studio to 2 Bedroom Apartments Available Now

The Wyatt

1221 NW Marshall StPortland, OR 97209
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Block 17 Apartments
Rent Specials
$1,710 - $5,504
Total Monthly Price

Total Monthly Price

Base Rent
$1,710 - $5,504

Total Monthly Price
$1,710 - $5,504
Studio to 2 Bedroom Apartments Available Now

Block 17 Apartments

1161 NW Overton StPortland, OR 97209
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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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NV Apartments
Rent Specials
$1,771 - $3,688
Total Monthly Price

Total Monthly Price

Base Rent
$1,771 - $3,688

Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

NV Apartments

1261 NW Overton StPortland, OR 97209
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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
Student Housing
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Fifth Avenue Court
Studio to 2 Bedroom Apartments

Fifth Avenue Court

221 NW 5th AvePortland, OR 97209
property at 20 NW 16th Ave

$995 - $1,195

Studio Rentals

Available Now

20 NW 16th Ave

PortlandOR97209

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

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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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
Corporate Housing
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ORO
Studio to 2 Bedroom Apartments

ORO

1440 NW Overton StPortland, OR 97209
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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
property at 300 NW 8th Ave

$1,495 - $3,795

Studio To 2 Bedroom Rentals

Available Now

300 NW 8th Ave

PortlandOR97209
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Reveal Apartments
Studio to 2 Bedroom Apartments

Reveal Apartments

1411 NW Quimby StPortland, OR 97209
Corporate Housing
property at 1125 NW 9th Ave

$1,900 - $3,000

1 Bedroom Rentals

Available Now

1125 NW 9th Ave

PortlandOR97209

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

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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. 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 ListingModel NameBed/BathPriced From
Helen Swindells Building0x1Studio,1BA$500
Pearl CourtStudio apartment available - No security deposi...Studio,1BA$892
The YardsSecond Month FREE! — Studio Available Now!Studio,1BA$892
Lovejoy Station0x1 50%Studio,1BA$1,007
The Pearl StudiosAustinStudio,1BA$1,047
The Abigail1 Bedroom 1 Bath Affordable1BR,1BA$1,163
DOCK 59Studio CStudio,1BA$1,265
The SuttonS2Studio,1BA$1,340
Couch9Studio-DStudio,1BA$1,375
The RodneyStudio S2Studio,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Everett Station Lofts1051BR,1BA$2.06
The Louisa ApartmentsOne-Bedroom + Den H1BR,1BA$2.76
Ramona Apartments2 Bedroom 1 Bath Plan A2BR,1BA$1.65
327 Northwest Park Avenue, Unit Apartment 3-D327 Northwest Park Avenue1BR,1BA$2.26
Reveal ApartmentsA2.11BR,1BA$2.53
Lovejoy Station1 bedroom for rent in Portland - 3 full months ...1BR,1BA$2.84
Honeyman Hardware LoftsBroadway Studio BStudio ,1BA$2.17
mResidences Portland Pearl District1x1 C1BR,1BA$2.63
Bridgetown LoftsAlbertaStudio ,1BA$2.58
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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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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From Arts to Eats: A Local Insider's 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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The Portland Power Commute: Top Neighborhoods for Renters Near the City’s Major Job Hubs

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Local Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Portland

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

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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.