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Apartments Under $500 in Portland, OR

1 - 9 of 9 Results
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
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
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
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
1
$ Ask - 1,250
6940 SE Long St
Portland, OR
1 BR | Available Now
Contact
Foster-Powell
$412
Helen Swindells Apartments
10 NW Broadway St Portland, OR
Studio | Available Now
Contact
Multnomah
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 - 9 of 9 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 9 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 87 studio apartments under $500 available for rent in Portland.

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

Rentable.co has 248 one-bedroom apartments under $500 available for rent in Portland.

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

Rentable.co has 427 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 $17,000.

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

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

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

Welcome to the December 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 32 65 97 130 <$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

Available Apartments Under $500: Portland vs. Surrounding Areas

Portland, OR
Vancouver, WA
Hillsboro, OR
Beaverton, OR
18
5
5
4
The chart above displays the number of available apartments under $500 in Portland, OR and its surrounding cities. This information is current as of December, 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 45 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 December M/M % Change
Portland, OR 19 +1.03%
Vancouver, WA 6 +0.6%
Hillsboro, OR 6 +0.78%
Beaverton, OR 4 +0.76%
Happy Valley, OR 3 +0.87%
Tigard, OR 2 +0.78%
Forest Grove, OR 1 +1.27%
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 $500 836
Top amenities Air Conditioning, Dishwasher, Refrigerator, Microwave, Clubhouse
Deals 43
Pet friendly 62
Furnished 1
Studio 16
1 Bedroom 24
2 Bedroom 28
Square footage 295 - 1,390

Where are Portland Apartments Under $500?

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