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Apartments Under $500 in Portland, OR

1 - 10 of 10 Results
1
$150
Dover Apartments
1830 NW 24th Pl Portland, OR
Studio | Available Now
Contact
Cat Friendly
Surface Parking
Storage
Disability Access
Dishwasher
1
$ Ask - 1,250
6940 SE Long St
Portland, OR
1 BR | Available Now
Contact
Foster-Powell
11
$ Ask - 3,196
Yard Apartments
Deal
22 Ne 2nd Ave Portland, OR
Studio - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
In Unit Laundry
Balcony/Deck/Patio
6
$ Ask - 1,275
Headwaters Apartments
8833 Southwest 30th Avenue Portland, OR
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
In Unit Laundry
Storage
Markham
$412
Helen Swindells Apartments
10 NW Broadway St Portland, OR
Studio | Available Now
Contact
Multnomah
27
$ Ask - 1,650
Commons At Sylvan Highlands Apartments
1380 Sw 66th Ave Portland, OR
Studio - 2 BR | Available Now
Contact
Cat Friendly
Luxury
Air Conditioning
In Unit Laundry
Balcony/Deck/Patio
15
$ Ask - 1,620
The Matisse
0677 Sw Lowell St Portland, OR
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
In Unit Laundry
18
$ Ask - 2,163
The Abigail
1650 Nw 13th Ave Portland, OR
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
In Unit Laundry
Balcony/Deck/Patio
2
$415
2223 - 2225 NE Martin Luther King Jr Blvd
Portland, OR
Studio | Available Now
Contact
Furnished
Surface Parking
Storage
Disability Access
Eliot
3
$500
23500 NW St
Portland, OR
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
Disability Access
Dishwasher
1 - 10 of 10 Results
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Frequently Asked Questions

How many apartments under $500 are available in Portland, OR on Rentable.co?

There are 10 apartments under $500 in Portland currently available for rent on Rentable.co.

How many studio apartments under $500 are available in Portland?

Rentable.co has 100 studio apartments under $500 available for rent in Portland.

How many one-bedroom apartments under $500 are available in Portland?

Rentable.co has 280 one-bedroom apartments under $500 available for rent in Portland.

How many two-bedroom apartments under $500 are available in Portland?

Rentable.co has 459 two-bedroom apartments under $500 available for rent in Portland.

Can I afford a apartment under $500 in Portland, OR?

To comfortably afford a apartment under $500 in Portland based on average rent prices, a household would need an annual income of $16,000.

Which neighborhoods have the most apartments under $500 for rent in Portland, OR?

  1. Pearl District
  2. Sabin-Irvington
  3. Northwest
  4. Multnomah
  5. Eliot

Apartments Under $500 in Portland, OR: February Rental Information

Welcome to the February 2026 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 30 60 90 120 <$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
This month, the typical cost to rent a one-bedroom apartment in Portland stands at $1,450, with the majority falling between $1,100 and $2,000. Out of the 13,265 one-bedroom apartments currently on the market in Portland, 10 are priced below $500, accounting for 0% of the total available one-bedroom units in Portland.

Available Apartments Under $500: Portland vs. Surrounding Areas

Portland, OR
Vancouver, WA
Hillsboro, OR
Beaverton, OR
Happy Valley, OR
16
7
6
4
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, 2026. 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 48 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 17 +1.04%
Vancouver, WA 8 +0.95%
Hillsboro, OR 6 +0.97%
Beaverton, OR 4 +1.07%
Happy Valley, OR 3 +1.0%
Tigard, OR 2 +1.0%
Gresham, OR 1 +0.86%
Scappoose, OR 1 +1.0%
Sherwood, OR 1 +1.0%
King City, OR 1 +1.0%

Looking for Apartments Under $500 in Portland?

Available apartments under $500 913
Top amenities Air Conditioning, Dishwasher, Refrigerator, Microwave, Clubhouse
Deals 92
Pet friendly 114
Furnished 1
Studio 23
1 Bedroom 45
2 Bedroom 52
Square footage 354 - 1,650

Where are Portland Apartments Under $500?

Top Neighborhoods Pearl district, Sabin-irvington, Northwest, Multnomah, Eliot
Pearl District 2
Sabin-Irvington 2
Northwest 1
Multnomah 1
Eliot 1
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