Apartments Under $500 in Portland, OR

1 - 11 of 11 Results
3
2511 NE 57th Ave Apartment for rent in Portland, OR
$150
Portland, OR
Studio | Available Now
Contact
House
Rose City Park
1
Kink1603-1611 Apartment for rent in Portland, OR
$500
1603 NE 16th Ave Portland, OR
Studio | Available Now
Contact
Sullivan's Gulch
18
The Abigail Apartment for rent in Portland, OR
The Abigail Apartment for rent in Portland, OR
$ Ask - 2,163
1650 Nw 13th Ave Portland, OR
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
In Unit Laundry
Balcony/Deck/Patio
$495
216 NW 3rd Ave Portland, OR
Studio | Available Now
Contact
Chinatown
6
Headwaters Apartments Apartment for rent in Portland, OR
Headwaters Apartments Apartment for rent in Portland, OR
$ Ask - 1,275
8833 Southwest 30th Avenue Portland, OR
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
In Unit Laundry
Storage
Markham
15
The Matisse Apartment for rent in Portland, OR
The Matisse Apartment for rent in Portland, OR
$ Ask - 1,620
0677 Sw Lowell St Portland, OR
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
In Unit Laundry
27
Commons At Sylvan Highlands Apartments Apartment for rent in Portland, OR
Commons At Sylvan Highlands Apartments Apartment for rent in Portland, OR
$ Ask - 1,650
1380 Sw 66th Ave Portland, OR
Studio - 2 BR | Available Now
Contact
Cat Friendly
Luxury
Air Conditioning
In Unit Laundry
Balcony/Deck/Patio
$412
10 NW Broadway St Portland, OR
Studio | Available Now
Contact
Multnomah
11
Yard Apartments Apartment for rent in Portland, OR
Yard Apartments Apartment for rent in Portland, OR
$ Ask - 3,196
22 Ne 2nd Ave Portland, OR
Studio - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
In Unit Laundry
Balcony/Deck/Patio
2
2223 - 2225 NE Martin Luther King Jr Blvd Apartment for rent in Portland, OR
$415
Portland, OR
Studio | Available Now
Contact
Furnished
Surface Parking
Storage
Disability Access
Eliot
3
23500 NW St Apartment for rent in Portland, OR
$500
Portland, OR
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
Disability Access
Dishwasher
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Apartments Under $500 in Portland, OR: February Rental Information

Welcome to the February 2025 Portland Apartment Report. In this analysis of the local rental market, Rentable data scientists and rental experts provide an overview of the key findings and figures for the Portland rental landscape.
Our experts examine the market trends for apartments under $500, including the overall rent distribution, availability by bedroom count, and month-over-month comparisons, in Portland and the surrounding areas. This report also offers insights into the features, amenities, and location options available for apartments under $500 in the vibrant city of Portland.
0 27 55 82 110 <$1,100 $1,140 $1,220 $1,300 $1,380 $1,460 $1,540 $1,620 $1,700 $1,780 $1,860 $1,940 $2,020 $2,100 $2,180

Available Apartments Under $500: Portland vs. Surrounding Areas

Portland, OR
Hillsboro, OR
20
3
The chart above displays the number of available apartments under $500 in Portland, OR and its surrounding cities. This information is current as of February, 2025. The chart includes data for Milwaukie, Newberg, North Plains, Oregon City, Sandy, Scappoose, Sherwood, Tigard, Troutdale, Tualatin, West Linn, Wilsonville, Yamhill, Aurora, Banks, Beaverton, Canby, Cornelius, Damascus, Durham, Estacada, Fairview, Forest Grove, Gladstone, Gresham, Happy Valley, Hillsboro, King City, Lake Oswego, Washougal, Battle Ground, Camas, Vancouver, Gaston, Aloha, Ridgefield, Boring, Clackamas, Powell Butte, Brush Prairie, and Corbett, highlighting the inventory of affordable rentals in these areas as well. In total, the metro area has a total of 39 apartments available at this price point. This data gives prospective renters a snapshot of the current availability of affordable apartments in and around Portland.

Apartments Under $500 Now vs. Last Month: Portland and Surrounding Areas

City Apartments Under $500 in February M/M % Change
Portland, OR 21 +0.91%
Hillsboro, OR 3 +1.0%
Vancouver, WA 3 +0.93%
Beaverton, OR 3 +0.93%
Happy Valley, OR 2 +1.0%
Forest Grove, OR 1 +1.0%
Tigard, OR 1 +1.0%
Gresham, OR 1 +1.0%
Scappoose, OR 1 +1.0%
Sherwood, OR 1 +1.0%

Looking for Apartments Under $500 in Portland?

Available apartments under $500 839
Top amenities Air Conditioning, Dishwasher, Refrigerator, Microwave, Clubhouse
Deals 43
Pet friendly 66
Furnished 1
Studio 17
1 Bedroom 25
2 Bedroom 31
Square footage 320 - 1,387

Where are Portland Apartments Under $500?

Top Neighborhoods Pearl district, Sabin-irvington, Chinatown, Sullivan's gulch, Multnomah
Pearl District 2
Sabin-Irvington 2
Chinatown 1
Sullivan's Gulch 1
Multnomah 1