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Showing all results in Portland, OR.

Condos under $500 for Rent in Portland, OR

8,955 Rentals
  1. Price Drop. $764 Off
    |
    1 BED
    $1,457+
    2 BEDS
    $1,803+
    3 BEDS
    $2,720+
    5 BEDS
    $5,052+
    Total Monthly Price Total Monthly Price New
    Base Rent$1,404 - $4,999
    Required Monthly Fees$53
    Utilities & EssentialsVaries
    Total Monthly Price$1,457 - $5,052

    Elevation at Mountain Park

    1 Jefferson Pky, Lake Oswego, OR 97035
    (971) 256-8103
  2. Price Drop. $749 Off
    STUDIO
    $1,399+
    1 BED
    $1,349+
    2 BEDS
    $2,129+
    Total Monthly Price Total Monthly Price New
    Base Rent$1,349 - $2,694
    Utilities & EssentialsVaries
    Total Monthly Price$1,349 - $2,694

    Museum Place

    1030-1030 SW Jefferson St, Portland, OR 97201
    (503) 444-8935
  3. Price Drop. $667 Off
    1 BED
    $1,375+
    2 BEDS
    $1,900+
    Total Monthly Price Total Monthly Price New
    Base Rent$1,375 - $3,150
    Utilities & EssentialsVaries
    Total Monthly Price$1,375 - $3,150

    Harbor Sky

    1055 N Anchor Way, Portland, OR 97217
    (971) 407-5760
  4. Price Drop. $574 Off
    STUDIO
    $1,360+
    1 BED
    $1,599+
    Total Monthly Price Total Monthly Price New
    Base Rent$1,360 - $1,949
    Required Monthly FeesNone
    Total Monthly Price$1,360 - $1,949

    230 Ash

    230 SW Ash St, Portland, OR 97204
    (844) 965-0895
  5. Price Drop. $543 Off
    STUDIO
    $1,497+
    1 BED
    $1,497+
    2 BEDS
    $2,596+

    Adera

    411 Columbia St, Vancouver, WA 98660
    (360) 450-5427
  6. Price Drop. $540 Off
    |
    STUDIO
    $1,831+
    1 BED
    $2,012+
    2 BEDS
    $3,060+
    Total Monthly Price Total Monthly Price New
    Base Rent$1,831 - $7,180
    Utilities & EssentialsVaries
    Total Monthly Price$1,831 - $7,180

    The Ardea Apartments

    3720 SW Bond Ave, Portland, OR 97239
    (503) 221-8009
  7. Building Photo - Couch9
    Price Drop. $495 Off
    STUDIO
    $1,375+
    1 BED
    $1,670+
    2 BEDS
    $2,441+
    3 BEDS
    $3,400+

    Couch9

    135 NW 9th Ave, Portland, OR 97209
    (971) 351-2769
  8. Price Drop. $469 Off
    STUDIO
    $1,225+
    1 BED
    $1,395+
    2 BEDS
    $2,250+

    Hygge

    620 NE 20th Ave, Portland, OR 97232
    (503) 343-9133
  9. Price Drop. $410 Off
    STUDIO
    $1,200+
    1 BED
    $1,275+
    2 BEDS
    $1,775+
    Total Monthly Price Total Monthly Price New
    Base Rent$1,200 - $2,300
    Required Monthly FeesNone
    Total Monthly Price$1,200 - $2,300

    Annex at Bridgeton

    1245 N Anchor Way, Portland, OR 97217
    (503) 294-4022
  10. Price Drop. $409 Off
    1 BED
    $1,646+
    2 BEDS
    $1,875+
    3 BEDS
    $2,421+

    South Parc

    4300 NW Chanticleer Dr, Portland, OR 97229
    (971) 228-2601
  11. Price Drop. $400 Off
    |
    1 BED
    $1,396+
    2 BEDS
    $1,675+
    Total Monthly Price Total Monthly Price New
    Base Rent$1,396 - $2,674
    Utilities & EssentialsVaries
    Total Monthly Price$1,396 - $2,674

    Prose Hayden Island

    110 N Tomahawk Island Dr, Portland, OR 97217
    (360) 803-1360
  12. Price Drop. $398 Off
    STUDIO
    $1,525+
    1 BED
    $1,660+
    2 BEDS
    $2,515+
    3 BEDS
    $3,712+
    Total Monthly Price Total Monthly Price New
    Base Rent$1,525 - $4,317
    Utilities & EssentialsVaries
    Total Monthly Price$1,525 - $3,712

    Cyan/PDX

    1720 SW 4th Ave, Portland, OR 97201
    (503) 221-8477
  13. Price Drop. $345 Off
    |
    STUDIO
    $1,725+
    1 BED
    $1,785+
    2 BEDS
    $2,915+
    Total Monthly Price Total Monthly Price New
    Base Rent$1,650 - $3,990
    Required Monthly Fees$75
    Utilities & EssentialsVaries
    Total Monthly Price$1,725 - $4,065

    Millhouse

    1985-1988 NW Savier St, Portland, OR 97209
    (971) 791-2491
  14. Price Drop. $317 Off
    STUDIO
    $1,271+
    1 BED
    $1,399+
    2 BEDS
    $1,999+
    3 BEDS
    $2,699+
    Total Monthly Price Total Monthly Price New
    Base Rent$1,271 - $4,823
    Utilities & EssentialsVaries
    Total Monthly Price$1,271 - $2,699

    Grant Park Village

    1656 NE 32nd Ave, Portland, OR 97232
    (971) 270-5446
  15. Price Drop. $295 Off
    1 BED
    $1,589+
    2 BEDS
    $2,297+
    Total Monthly Price Total Monthly Price New
    Base Rent$1,589 - $3,405
    Utilities & EssentialsVaries
    Total Monthly Price$1,589 - $3,405

    NV Apartments

    1261 NW Overton St, Portland, OR 97209
    (971) 277-9336
  16. Price Drop. $267 Off
    STUDIO
    $1,225+
    1 BED
    $1,450+
    2 BEDS
    $1,895+
    3 BEDS
    $2,001+

    Brookland

    4225 SE Milwaukie Ave, Portland, OR 97202
    (971) 319-9409
  17. Price Drop. $258 Off
    |
    1 BED
    $1,414+
    2 BEDS
    $3,225+
    Total Monthly Price Total Monthly Price New
    Base Rent$1,414 - $7,354
    Utilities & EssentialsVaries
    Total Monthly Price$1,414 - $7,354

    ART Tower

    1510 SW Alder St, Portland, OR 97205
    (503) 905-6567
  18. Building Photo - The Canyons
    Price Drop. $258 Off
    STUDIO
    $1,675+
    1 BED
    $1,875+
    2 BEDS
    $2,375+
    Total Monthly Price Total Monthly Price New
    Base Rent$1,675 - $2,375
    Required Monthly FeesNone
    Total Monthly Price$1,675 - $2,375

    The Canyons

    3450 N Williams Ave, Portland, OR 97227
    (503) 303-8197
  19. Price Drop. $254 Off
    STUDIO
    $1,418+
    1 BED
    $1,489+
    2 BEDS
    $2,497+
    Total Monthly Price Total Monthly Price New
    Base Rent$1,418 - $2,904
    Utilities & EssentialsVaries
    Total Monthly Price$1,418 - $2,787

    Denizen OR

    2050 NE Hoyt St, Portland, OR 97232
    (971) 252-5703
  20. Price Drop. $250 Off
    |
    STUDIO
    $1,295+
    1 BED
    $1,526+
    2 BEDS
    $2,394+
    Total Monthly Price Total Monthly Price New
    Base Rent$1,295 - $3,653
    Utilities & EssentialsVaries
    Total Monthly Price$1,295 - $3,653

    The Dylan

    3883 S Moody Ave, Portland, OR 97239
    (503) 506-6425
  21. Price Drop. $250 Off
    |
    STUDIO
    $1,399+
    1 BED
    $1,351+
    2 BEDS
    $2,315+
    Total Monthly Price Total Monthly Price New
    Base Rent$1,351 - $2,560
    Required Monthly FeesNone
    Total Monthly Price$1,351 - $2,560

    Yard

    22 NE 2nd Ave, Portland, OR 97232
    (971) 351-1871
  22. Price Drop. $250 Off
    STUDIO
    $1,399+
    1 BED
    $1,550+
    2 BEDS
    $1,925+
    Total Monthly Price Total Monthly Price New
    Base Rent$1,399 - $1,925
    Required Monthly FeesNone
    Total Monthly Price$1,399 - $1,925

    Laurel 42

    4242 NE Halsey St, Portland, OR 97213
    (503) 926-6102
  23. Price Drop. $237 Off
    |
    STUDIO
    $1,359+
    1 BED
    $1,564+
    Total Monthly Price Total Monthly Price New
    Base Rent$1,359 - $10,163
    Utilities & EssentialsVaries
    Total Monthly Price$1,359 - $10,163

    Sawbuck

    1725 SW Salmon St, Portland, OR 97205
    (971) 256-8349
  24. Building Photo - The Melrose Apartments
    Price Drop. $236 Off
    1 BED
    $1,299+
    2 BEDS
    $1,399+
    Total Monthly Price Total Monthly Price New
    Base Rent$1,299 - $1,449
    Utilities & EssentialsVaries
    Total Monthly Price$1,299 - $1,449

    The Melrose Apartments

    6734 N Fessenden St, Portland, OR 97203
    (503) 461-1458
  25. Price Drop. $233 Off
    STUDIO
    $1,286+
    1 BED
    $1,475+
    2 BEDS
    $2,040+
    Total Monthly Price Total Monthly Price New
    Base Rent$1,286 - $2,313
    Utilities & EssentialsVaries
    Total Monthly Price$1,286 - $2,313

    Uptown NW Collection

    2240-2250 NW Lovejoy St, Portland, OR 97210
    (503) 894-5496
  26. Price Drop. $203 Off
    STUDIO
    $1,350+
    1 BED
    $1,600+
    2 BEDS
    $1,675+
    3 BEDS
    $3,195+
    Total Monthly Price Total Monthly Price New
    Base Rent$1,350 - $4,035
    Utilities & EssentialsVaries
    Total Monthly Price$1,350 - $4,035

    The Frankie

    3260 SE Milwaukie Ave, Portland, OR 97202
    (971) 351-3309
  27. Price Drop. $200 Off
    STUDIO
    $1,295+
    1 BED
    $1,395+
    Total Monthly Price Total Monthly Price New
    Base Rent$1,295 - $1,970
    Required Monthly FeesNone
    Total Monthly Price$1,295 - $1,970

    Jute Apartments

    550 SE Martin Luther King Jr Blvd, Portland, OR 97214
    (503) 542-9728
  28. Building Photo - Clermont
    Price Drop. $196 Off
    1 BED
    $1,281+
    2 BEDS
    $1,532+
    3 BEDS
    $2,181+
    Total Monthly Price Total Monthly Price New
    Base Rent$1,281 - $2,691
    Utilities & EssentialsVaries
    Total Monthly Price$1,281 - $2,181

    Clermont

    1801-1899 N W 143rd Ave, Portland, OR 97229
    (971) 270-5423

Living & Renting in Portland

Portland at a Glance

Average Rent

$1,524
(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

Portland, OR Condos for Rent

Portland, where the Willamette and Columbia rivers meet, has earned its spot as one of America's most eco-friendly cities with over 10,000 acres of protected parkland and miles of bike paths and walking trails. If you're searching for apartments for rent in Portland, you'll discover Oregon's largest city offers an amazing mix of sustainability and creativity, all surrounded by the Coastal and Cascade Mountain ranges.

Renting in Portland is perfect for budget-conscious renters thanks to its stellar public transportation system. With TriMet buses, the MAX light rail, and downtown streetcar service, you really don't need a car here. Popular neighborhoods like the Pearl District and Buckman feature apartment communities close to great shopping and dining spots. Meanwhile, North Portland and Sellwood-Moreland offer more wallet-friendly options with quick access to the city's booming tech scene and major employers like Nike and Adidas. Between the walkable streets, bike-friendly infrastructure, and easy escapes to Mount Hood or the Oregon Coast, Portland delivers both city perks and outdoor adventures that make renting here a smart choice.

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)

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
1,556 Students
GreatSchools Rating

Public High School

Public
Grades 9-12
1,525 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 Middle School

Public
Grades 6-8
998 Students
GreatSchools Rating

Public Elementary School

Public
Grades K-5
538 Students
GreatSchools Rating

Public Elementary School

Public
Grades K-5
467 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

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

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