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Apartments Under $500 in Portland, OR

1 - 11 of 11 Results
10
$ Ask - 1,649
Lawrence Apartments
208 SE 148th Ave Portland, OR
1 - 3 BR | Available Now
Contact
Air Conditioning
Glenfair
6
$475
4636 NE 42nd Ave
Portland, OR
3 BR | Ask for Availability
Contact
26
$160
1510 NE 45th Ave
Portland, OR
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
8
$ Ask - 1,557
Bluebird Apartments
115 NE 146th Ave Portland, OR
2 BR | Sep. 6, 2026
Contact
Air Conditioning
Surface Parking
In Unit Laundry
Glenfair
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
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
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
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
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
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 - 11 of 11 Results
  1. Home
  2. Portland
  3. Apartments Under $500
Frequently Asked Questions

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

There are 11 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 94 studio apartments under $500 available for rent in Portland.

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

Rentable.co has 269 one-bedroom apartments under $500 available for rent in Portland.

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

Rentable.co has 441 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 $19,000.

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

  1. Pearl District
  2. Eliot
  3. Glenfair
  4. Ashcreek
  5. Humboldt

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

Welcome to the August 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 25 50 75 100 <$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

Available Apartments Under $500: Portland vs. Surrounding Areas

Portland, OR
Vancouver, WA
Hillsboro, OR
Beaverton, OR
Happy Valley, OR
15
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 August, 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 43 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 August M/M % Change
Portland, OR 16 +1.03%
Vancouver, WA 7 +1.1%
Hillsboro, OR 6 +1.0%
Beaverton, OR 4 +1.07%
Happy Valley, OR 3 +1.0%
Tigard, OR 2 +0.92%
Forest Grove, OR 2 +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 $500 879
Top amenities Air Conditioning, Dishwasher, Refrigerator, Microwave, Clubhouse
Deals 96
Pet friendly 17
Furnished 1
Studio 22
1 Bedroom 47
2 Bedroom 50
Square footage 466 - 1,656

Where are Portland Apartments Under $500?

Top Neighborhoods Pearl district, Eliot, Glenfair, Ashcreek, Humboldt
Pearl District 2
Eliot 1
Glenfair 1
Ashcreek 1
Humboldt 1
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