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Apartments under $500 for Rent in Portland, OR

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Living & Renting in Portland

Portland at a Glance

Average Rent

$1,501
(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, OR, is a vibrant city that beautifully blends natural beauty with cultural richness. The stunning parks, such as Washington Park and the International Rose Test Garden, provide serene spaces for relaxation and recreation, while the picturesque Portland Japanese Garden invites visitors to immerse themselves in tranquility. The expansive Forest Park, with its miles of hiking trails and breathtaking views, is perfect for outdoor enthusiasts looking to explore the lush landscapes.

The Willamette River adds to the city's charm, offering opportunities for kayaking and cycling along the waterfront. Neighborhoods similar to Alberta Arts District and Hawthorne buzz with life, featuring eclectic shops, food carts, and local breweries that create a lively atmosphere for socializing and exploring. Nearby shopping centers, including Pioneer Place and Lloyd Center, cater to diverse retail needs, while the Hillsdale Shopping Center and Uptown Shopping Center offer a variety of dining and shopping experiences.

Food lovers will find a culinary paradise in Portland, with a commitment to farm-to-table dining evident in renowned restaurants such as Screen Door Eastside and Portland City Grill. For those craving international flavors, Luc Lac Vietnamese Kitchen and Mother's Bistro & Bar serve up delicious dishes that reflect the city’s diverse palate. Craft beer enthusiasts can enjoy a visit to Deschutes Brewery Portland Public House, where local brews are celebrated.

Cafes similar to Blue Star Donuts and Elephants Delicatessen provide perfect spots for a quick bite or a leisurely coffee break. The city's thriving arts scene is showcased in venues such as the Portland Art Museum and the Oregon Museum of Science and Industry, where creativity and innovation come to life. The Oregon Rail Heritage Center adds a unique historical touch, inviting visitors to explore the region's rail history.

Portland also hosts numerous events throughout the year, including the famous Portland Rose Festival, which celebrates the city’s floral heritage with parades and activities that bring the community together. With a strong sense of community and a focus on sustainability, this inviting city offers a lifestyle that balances outdoor adventure with rich cultural experiences, making it an exceptional place to call home.

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

9
Public | Grades 9- 12 | 824 Students
8
Grant High School
out of 10 Rating
Public | Grades 9- 12 | 2,156 Students
8
Public | Grades 9- 12 | 1,556 Students
8
Jefferson High School
out of 10 Rating
Public | Grades 9- 12 | 606 Students
8
Riverdale High School
out of 10 Rating
Public | Grades 9- 12 | 185 Students
10
Alameda Elementary School
out of 10 Rating
Public | Grades K- 5 | 538 Students
10
Bridlemile Elementary School
out of 10 Rating
Public | Grades K- 5 | 458 Students
10
Duniway Elementary School
out of 10 Rating
Public | Grades K- 5 | 422 Students
10
Llewellyn Elementary School
out of 10 Rating
Public | Grades K- 5 | 413 Students
10
Cedar Mill Elementary School
out of 10 Rating
Public | Grades K- 5 | 356 Students
School data provided by Great Schoolsⓘ

Portland Apartments for Rent in Your Budget

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