
Cheap Apartments for Rent in the Pearl Neighborhood of Portland, OR from $500 (33 Rentals)
Search the lowest-cost Apartments available for rent right now in the Pearl area of Portland.


Pearl Court

The Yards

Fifth Avenue Place Apartments

Lovejoy Station

The Ramona

DOCK 59 APARTMENTS

Total Monthly Price
mResidences Portland Pearl District
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Bridgetown Lofts

Oro Apartments

Total Monthly Price
Couch9

Total Monthly Price
The Rodney

1430 NW Pettygrove St

Total Monthly Price
Amara

1430 NW Pettygrove St

1430 NW Pettygrove St
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1430 NW Pettygrove St

1430 NW Pettygrove St

1430 NW Pettygrove St

1430 NW Pettygrove St

1430 NW Pettygrove St

Kearney Plaza

Total Monthly Price
Asa Flats and Lofts

Gossamer
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327 NW Park Ave, Unit 1C

The Sitka Apartments

Everett Micro Lofts

Fifth Avenue Court

20 NW 16th Ave

Modera Pearl

Honeyman Hardware Lofts

ORO
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327 NW Park Ave
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 | $1,399 | $500 | $2,700 |
| Pearl 1 Bedroom Apartments | $1,995 | $1,042 | $4,999 |
| Pearl 2 Bedroom Apartments | $2,937 | $1,297 | $7,875 |
| Pearl 3 Bedroom Apartments | $2,019 | $1,619 | $2,750 |
Browse Apartments in this Neighborhood
There are currently 33 rentals with your search options within a 2 mile radius of the Pearl Neighborhood of Portland, OR.
See all Apartments in PortlandExplore Portland
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 $789. 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 - D | Studio,1BA | $789 |
| The Yards | 2nd month free rent — Studio Available Now! | Studio,1BA | $892 |
| Everett Micro Lofts | 0BR/1.0BA | Studio,1BA | $950 |
| Fifth Avenue Place Apartments | Studio 425 | Studio,1BA | $1,000 |
| Lovejoy Station | 0x1 50% | Studio,1BA | $1,007 |
| DOCK 59 APARTMENTS | Studio G | Studio,1BA | $1,245 |
| mResidences Portland Pearl District | Studio A | Studio,1BA | $1,325 |
| Modera Pearl | S2 | Studio,1BA | $1,335 |
| Oro Apartments | Studio C | Studio,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Honeyman Hardware Lofts | St. John 1x2 B | 1BR,2BA | $2.05 |
| Reveal Apartments | A11.1D | 1BR,1BA | $2.64 |
| Burlington Tower | F | 1BR,1BA | $2.23 |
| 327 Northwest Park Avenue, Unit Apartment 3-D | 327 Northwest Park Avenue | 1BR,1BA | $2.26 |
| Bridgetown Lofts | St.Johns | 1BR,1BA | $1.98 |
| Modera Pearl | A7 | 1BR,1BA | $2.50 |
| Crane Flats and Lofts | Loft No. 5 | Studio ,1BA | $2.51 |
| Fifth Avenue Place Apartments | Studio 425 | Studio ,1BA | $2.11 |
| The Yards | 2nd month free rent — Studio Available Now! | Studio ,1BA | $2.29 |
| Pearl Court | Studio - A | Studio ,1BA | $2.48 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
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Read ArticleThe 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!
Read ArticleDon't Settle: How to Negotiate Your Apartment Lease and Save Money
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Read ArticleA 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
Read ArticleQuick 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.
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

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.

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.

The Portland Power Commute: Top Neighborhoods for Renters Near the City’s Major Job Hubs
Written by: Chad Deitchley
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.

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

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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.