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Apartments Under $500 in Portland, OR

1 - 6 of 6 Results
1
$ Ask - 2,045
3011 NE Killingsworth
Portland, OR
2 BR | Ask for Availability
Contact
Dog Friendly
Cat Friendly
10
$ Ask - 1,649
Lawrence Apartments
208 SE 148th Ave Portland, OR
1 - 3 BR | Available Now
Contact
Air Conditioning
Glenfair
8
$ Ask - 1,614
Bluebird Apartments
115 NE 146th Ave Portland, OR
2 BR | Available Now
Contact
Air Conditioning
Surface Parking
Glenfair
6
$475
4636 NE 42nd Ave
Portland, OR
3 BR | Ask for Availability
Contact
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 - 6 of 6 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 6 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 45 studio apartments under $500 available for rent in Portland.

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

Rentable.co has 92 one-bedroom apartments under $500 available for rent in Portland.

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

Rentable.co has 70 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. Humboldt
  5. Buckman

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

Welcome to the October 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 20 40 60 80 <$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
Vancouver, WA
Hillsboro, OR
Beaverton, OR
Happy Valley, OR
16
6
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 October, 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 28 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 October M/M % Change
Portland, OR 16 +0.98%
Vancouver, WA 7 +1.09%
Hillsboro, OR 6 +0.97%
Beaverton, OR 4 +0.96%
Happy Valley, OR 3 +0.94%
Tigard, OR 2 +1.0%
Forest Grove, OR 1 +1.11%
Scappoose, OR 1 +1.0%
Sherwood, OR 1 +1.0%
Washougal, WA 1 +1.0%

Looking for Apartments Under $500 in Portland?

Available apartments under $500 207
Top amenities Dishwasher, Surface Parking, Refrigerator, Microwave, Elevator
Deals 96
Pet friendly 1
Furnished 1
1 Bedroom 46
2 Bedroom 61
3 Bedroom 26

Where are Portland Apartments Under $500?

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