Cheap Apartments for Rent in the Pearl Neighborhood of Portland, WA from $700 (37 Rentals)

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

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

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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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Pearl Court Apartments
Studio to 2 Bedroom Apartments

Pearl Court Apartments

920 NW Kearney StPortland, OR 97209
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The Ramona
Studio to 3 Bedroom Apartments

The Ramona

1550 NW 14th AvePortland, OR 97209
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Dianne
Studio to 2 Bedroom Apartments

Dianne

535 NW 11th AvePortland, OR 97209
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ORO
Studio to 2 Bedroom Apartments

ORO

1440 NW Overton StPortland, OR 97209

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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Showing Results 1-37, Page 1 of 1

Pearl, Portland, WA Local Guide

Cheapest Available Pearl Apartments for Rent

 

The cheapest available apartment rental in the Pearl area of Portland, WA is a Studio unit found at 5th Avenue Place Apartments priced from $795. DOCK 59 APARTMENTS has the second lowest priced unit, which is a Studio apartment currently listed from $1,245. Here are the most affordable Pearl apartments for rent in Portland, WA:

Apartment ListingModel NameBed/BathPriced From
5th Avenue Place ApartmentsStudio, 1 bathStudio,1BA$795
DOCK 59 APARTMENTSStudio GStudio,1BA$1,245
Oro ApartmentsStudio CStudio,1BA$1,319
Couch9Studio-A-BStudio,1BA$1,325
mResidences Portland Pearl DistrictStudio BStudio,1BA$1,350
AmaraOA31BR,1BA$1,376
Dianne1x1 JR1BR,1BA$1,389
EnsoLilyStudio,1BA$1,399
Modera PearlS1Studio,1BA$1,406
GossamerA1Studio,1BA$1,499

Best Value Apartments for Rent in Pearl, WA

As of July 23, 2025 the best value apartment in the Pearl area is the $2.72 price per square foot 1400 NW Irving St Model at 1400 NW Irving St, Unit #514 in the in the Northwest Portland neighborhood starting from $2,100. The second greatest value Pearl apartment is the Broadway Studio C Model at Honeyman Hardware Lofts starting at $2,020 with a $2.62 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.
1400 NW Irving St, Unit #5141400 NW Irving St1BR,1BA$2.72
Honeyman Hardware LoftsBroadway Studio CStudio ,1BA$2.62
327 Northwest Park Avenue, Unit Apartment 3-D327 Northwest Park Avenue1BR,1BA$2.26
Reveal ApartmentsA2.11BR,1BA$2.16
Bridgetown LoftsSteel1BR,1BA$2.22
Dianne1x1 B1BR,1BA$2.48
Crane Flats and LoftsLoft No. 5Studio ,1BA$2.83
mResidences Portland Pearl District1x1 C1BR,1BA$2.63
AmaraOA41BR,1BA$2.74
5th Avenue Place ApartmentsStudio, 1 bathStudio ,1BA$1.67

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.

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 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 $1,499.

What is the price of a cheap apartment in Pearl?

The cheapest apartment in Pearl is 5th Avenue Place Apartments which is listed at $1,100, while the average apartment in Pearl costs $3,124.

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 6 regular apartments in Pearl that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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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.