Cheap Apartments for Rent in the Pearl Neighborhood of Portland, OR from $500 (33 Rentals)

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

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Couch9
Rent Specials
$1,375 - $2,868
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Total Monthly Price

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$1,375 - $2,868

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Studio to 2 Bedroom Apartments Available Now

Couch9

135 NW 9th AvePortland, OR 97209
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The Rodney
Rent Specials
$1,379 - $5,922
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$1,379 - $5,922

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Studio to 2 Bedroom Apartments Available Now

The Rodney

1470 NW Glisan StPortland, OR 97209
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Amara
Rent Specials
$1,400 - $5,341
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$1,400 - $5,341

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Studio to 3 Bedroom Apartments Available Now

Amara

15 NW Park AvePortland, OR 97209
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Asa Flats and Lofts
Rent Specials
$1,436 - $2,948
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Total Monthly Price

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$1,423 - $2,935
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$13

Total Monthly Price
$1,436 - $2,948
Studio to 2 Bedroom Apartments Available Now

Asa Flats and Lofts

1200 NW Marshall StPortland, OR 97209
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property at 327 NW Park Ave

$1,475

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Total Monthly Price

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$1,475

Total Monthly Price
$1,475

1 Bedroom, 1 Bath Condo for Rent

Available Now

327 NW Park Ave, Unit 1C

327 NW Park Ave
PortlandOR97209
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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
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Modera Pearl
Studio to 2 Bedroom Apartments

Modera Pearl

1481 NW 13th AvePortland, 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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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 $789. Here are the most affordable Pearl apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Helen Swindells Building0x1Studio,1BA$500
Pearl CourtStudio - DStudio,1BA$789
The Yards2nd month free rent — Studio Available Now!Studio,1BA$892
Everett Micro Lofts0BR/1.0BAStudio,1BA$950
Fifth Avenue Place ApartmentsStudio 425Studio,1BA$1,000
Lovejoy Station0x1 50%Studio,1BA$1,007
DOCK 59 APARTMENTSStudio GStudio,1BA$1,245
mResidences Portland Pearl DistrictStudio AStudio,1BA$1,325
Modera PearlS2Studio,1BA$1,335
Oro ApartmentsStudio CStudio,1BA$1,350

Best Value Apartments for Rent in Pearl, OR

As of March 28, 2026 the best value apartment in the Pearl area is the $2.05 price per square foot St. John 1x2 B Model at Honeyman Hardware Lofts in the in the Pearl District neighborhood starting from $3,684. The second greatest value Pearl apartment is the A11.1D Model at Reveal Apartments starting at $2,456 with a $2.64 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 LoftsSt. John 1x2 B1BR,2BA$2.05
Reveal ApartmentsA11.1D1BR,1BA$2.64
Burlington TowerF1BR,1BA$2.23
327 Northwest Park Avenue, Unit Apartment 3-D327 Northwest Park Avenue1BR,1BA$2.26
Bridgetown LoftsSt.Johns1BR,1BA$1.98
Modera PearlA71BR,1BA$2.50
Crane Flats and LoftsLoft No. 5Studio ,1BA$2.51
Fifth Avenue Place ApartmentsStudio 425Studio ,1BA$2.11
The Yards2nd month free rent — Studio Available Now!Studio ,1BA$2.29
Pearl CourtStudio - AStudio ,1BA$2.48

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

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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 $1,042, while the average apartment in Pearl costs $2,648.

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 26 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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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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Written by: Chad Deitchley

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.

Articles, How-To's, and Tips

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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

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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.