Deals & Discount Filters
All Filters

Deals & Discounts

Price Range

Beds & Baths

Beds

Baths

Home Type

Pet Policy

Interior & Community Amenities

  • See More
  • See Less

Speciality Housing

Keyword Search

No results were found that match your criteria.

Showing all results in Portland, OR.

Apartments under $500 for Rent in Portland, OR

10,148 Rentals
  1. STUDIO
    $1,419+
    1 BED
    $1,688+
    2 BEDS
    $2,864+
    3 BEDS
    $3,703+

    Indigo

    430 SW 13th Ave, Portland, OR 97205
    (844) 708-4217
  2. Price Drop. $732 Off
    STUDIO
    $1,550+
    1 BED
    $1,554+
    2 BEDS
    $2,774+

    Akoya

    1430 NW Hoyt St, Portland, OR 97209
    (503) 928-6272
  3. Price Drop. $655 Off
    |
    STUDIO
    $1,376+
    1 BED
    $1,915+
    2 BEDS
    $2,737+

    The Sutton

    1550 NW Naito Pky, Portland, OR 97209
    (971) 407-5164
  4. Price Drop. $645 Off
    |
    STUDIO
    $1,535+
    1 BED
    $1,615+
    2 BEDS
    $2,855+
    3 BEDS
    $3,610+

    Splash Apartments

    875 NE 27th Ave, Portland, OR 97232
    (541) 612-8375
  5. Price Drop. $634 Off
    |
    STUDIO
    $1,320+
    1 BED
    $1,660+
    2 BEDS
    $2,095+

    Henley Place

    10306 SE Main St, Milwaukie, OR 97222
    (971) 260-4546
  6. Price Drop. $602 Off
    |
    STUDIO
    $1,455+
    1 BED
    $1,303+
    2 BEDS
    $2,400+

    Yard

    22 NE 2nd Ave, Portland, OR 97232
    (971) 351-1871
  7. Price Drop. $513 Off
    |
    STUDIO
    $1,392+
    1 BED
    $1,517+
    2 BEDS
    $1,792+

    Cyan/PDX

    1720 SW 4th Ave, Portland, OR 97201
    (503) 221-8477
  8. Price Drop. $366 Off
    |
    1 BED
    $1,424+
    2 BEDS
    $1,426+
    3 BEDS
    $2,647+
    5 BEDS
    $4,550+

    One Jefferson

    1 Jefferson Pky, Lake Oswego, OR 97035
    (971) 256-8103
  9. Price Drop. $505 Off
    |
    STUDIO
    $1,371+
    1 BED
    $1,599+
    2 BEDS
    $2,495+

    Arris

    878 N Fremont St, Portland, OR 97227
    (503) 563-2627
  10. Price Drop. $463 Off
    |
    STUDIO
    $1,241+
    1 BED
    $1,442+
    2 BEDS
    $2,662+

    Sawbuck

    1725 SW Salmon St, Portland, OR 97205
    (971) 256-8349
  11. Price Drop. $444 Off
    STUDIO
    $1,350+
    1 BED
    $1,594+
    2 BEDS
    $1,593+
    3 BEDS
    $3,893+

    The Frankie

    3260 SE Milwaukie Ave, Portland, OR 97202
    (971) 351-3309
  12. Price Drop. $417 Off
    |
    STUDIO
    $1,614+
    1 BED
    $2,089+
    2 BEDS
    $3,331+

    Freewell

    2030 NW Raleigh St, Portland, OR 97209
    (971) 717-2868
  13. Price Drop. $395 Off
    |
    STUDIO
    $1,499+
    1 BED
    $1,499+
    2 BEDS
    $2,699+

    The Olivia

    3850 S Bond Ave, Portland, OR 97239
    (360) 953-5771
  14. Price Drop. $370 Off
    |
    1 BED
    $1,199+
    2 BEDS
    $2,025+

    Union

    304 NE Multnomah St, Portland, OR 97232
    (971) 351-3466
  15. Price Drop. $365 Off
    |
    1 BED
    $1,614+
    2 BEDS
    $2,429+

    Fitz

    1905 NW 23rd Ave, Portland, OR 97210
    (503) 905-9354
  16. Price Drop. $332 Off
    |
    1 BED
    $1,355+
    2 BEDS
    $1,645+
    3 BEDS
    $2,128+

    Scott Mountain

    7828 SE Aspen Summit Dr, Portland, OR 97266
    (503) 766-5498

Living & Renting in Portland

Portland at a Glance

Average Rent

$1,512
(All bedrooms and property types)
Learn more about
Average Rent in Portland
9

School Rating

out of 10 Rating
Learn more about
Schools in Portland
54

Some Transit

out of 100 TransitScore® Rating
Learn more about
Transportation in Portland
85

Somewhat Bikeable

out of 100 BikeScore® Rating
Learn more about
Transportation in Portland

Portland, OR Apartments for Rent

Portland, Oregon combines city living with natural surroundings, making it a sought-after location for apartment seekers. Known as the "City of Roses" since the early 1900s, Portland sits at the confluence of the Willamette and Columbia rivers, with Mount Hood visible on clear days. The city's average rent of $1,512 for a one-bedroom apartment costs less than other major West Coast cities. Portland's public transportation system includes light rail, streetcars, and bike paths throughout the city.

Portland's neighborhoods each have their own character. The Pearl District features converted warehouse lofts near galleries and shops, while Southeast Portland offers historic homes and a renowned food cart scene. Forest Park, the largest urban forest in the United States, provides miles of hiking trails, while the city maintains thousands of acres of parks and natural areas. Portland's public transit system makes getting around easy, and the climate stays moderate year-round with warm summers and mild, rainy winters.

Why Portland?

  • Environmentally-friendly Portland is one of the greenest cities in the world
  • Mountain views, sprawling parks like the International Rose Test Garden, and the Willamette River
  • Amazing coffee houses, film festivals, and a hip indie music and arts scene
  • Outdoor activities such as hiking, mountain biking, kayaking, skiing, and snowboarding
  • Restaurants, vineyards and wineries, breweries, festivals, museums, and theaters
  • Home to Portland State University, the Oregon Zoo, and the Oregon Museum of Science and Industry

Renting in Portland

Average Rental Rates and Apartment Sizes

Top Budget-Friendly Neighborhoods in Portland

(For 1 bedroom apartments)

Getting Around Portland

Transportation

75

Very Walkable

out of 100 WalkScore® Rating
You might be able to get out and walk when living in this area. Some errands can be accomplished on foot, but for others you need a car.
85

Very Bikeable

out of 100 BikeScore® Rating
You might be able to find places to ride your bike in this area, but you'll most likely want your car for most errands.
54

Good Transit

out of 100 TransitScore® Rating
You'll likely want a car when living in this area since it has few transit options.
Scores provided by Walk Score

Education

GreatSchools Rating

Public High School

Public
Grades 9-12
2,156 Students
GreatSchools Rating

Public High School

Public
Grades 9-12
1,962 Students
GreatSchools Rating

Public High School

Public
Grades 9-12
185 Students
GreatSchools Rating

Public High School

Public
Grades 9-12
2,442 Students
GreatSchools Rating

Public High School

Public
Grades 9-12
1,556 Students
GreatSchools Rating

Public Middle School

Public
Grades 6-8
606 Students
GreatSchools Rating

Public Middle School

Public
Grades 6-8
446 Students
GreatSchools Rating

Public Elementary School

Public
Grades K-5
538 Students
GreatSchools Rating

Public Elementary School

Public
Grades K-5
353 Students
GreatSchools Rating

Public Elementary School

Public
Grades K-5
337 Students
GreatSchools Rating

Public Elementary School

Public
Grades K-5
320 Students
GreatSchools Rating

Public Elementary School

Public
Grades K-5
310 Students

Data provided by GreatSchools.org 2025 © 2025. All rights reserved.

tooltips

I would like to...
0 out of 400 characters
By clicking above, you agree we may pass along your info so this property or the property’s affiliates can email, call, text, or autodial you to follow up and for any purpose. You also agree to... By clicking above, you agree we may pass along your info so this property or the property’s affiliates can email, call, text, or autodial you to follow up and for any purpose. You also agree to Apartmentfinder.com’s Privacy Statement and Terms of Service. Consent is not a condition for services. Message and data rates may apply. Read More Read Less

Submitting Request

Thank You

Your email has been sent.

Learn about our ratings.