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Apartments for Rent in Oregon under $500

Apartments for Rent in Oregon under $500. 22 Rentals Available
22 Rentals Available
Quick filters
  • Rent specials
    Studio $150
    Total monthly cost
    Verified Listing

    4853 Verda Lane NE, Keizer, OR 97303
    Apply online • Pet friendly • Parking
  • 4 units available
    Studio $495+
    Base rent
    Verified Listing

    5.0 (2)
    4425 W Main St, Medford, OR 97501
    Apply online • Pet friendly • In unit laundry
  • 5 units available
    Studio $445+
    Base rent
    Verified Listing

    3.5 (5)
    1565 Siskiyou Blvd, Ashland, OR 97520
    Apply online • Pet friendly • Extra Storage
  • Rent specials 7 units available
    Studio $480+
    Base rent Income restricted
    Verified Listing

    2065 SW River Parkway, Portland, OR 97201
    Apply online • Pet friendly • Parking
  • 1 bd $482+
    Base rent Income restricted
    Verified Listing

    610 NE 99Th Ave, Portland, OR 97220
    Fitness center • In unit laundry • Dishwasher
  • Ask for pricing
    Income restricted
    Verified Listing

    2021 E 12Th Street, Florence, OR 97439
    Pet friendly • In unit laundry • Patio/Balcony
  • Ask for Pricing
    Income restricted
    Verified Listing

    5.0 (1)
    209 N Storie St., Wallowa, OR 97885
    Pet friendly • In unit laundry • Patio/Balcony
  • Studio $65+
    Base rent
    Verified Listing

    10038 S. New Era Road, Canby, OR 97013
    Pet friendly
8-0-state
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Frequently asked questions

When were prices and availability in Oregon last updated?

Prices and availability in Oregon were last updated on 14 Jul 2026.

What are the best apartments in Oregon?

The best apartments in Oregon are: Quinten Tower, Clay & Tiffany, The Parker, East Wind and Alder Crossing Apartments.

What type of rental buildings are in Oregon?

In Oregon 37% of the housing is rented out compared to 63% of homes are owned, according to the most recent Census Bureau estimates. 15% of Oregon's apartments are found in large buildings of 50 units or more, 54% are located in smaller apartment complexes with less than 50 units, and 27% are single-family rentals.

Renting apartments in Oregon under $500

Are you looking for a smart space where you can easily combine comfort with convenience? You will surely find the property that perfectly fits your needs with this variety of options. RentCafe offers you 22 apartments for rent in Oregon from 8 modern buildings, so you’ll certainly find something suitable for you. If you want to live alone or with your partner, you might want to look for a studio or browse through our selection of 1 bedroom apartments. If you need more space but you don’t want to spend more than necessary on a monthly rent, check out our 2 bedroom or 3 bedroom apartments for less than $500, and make the most out of your budget.

Finding the best rental near you

Oregon is an amazing place to call home, with several rentals under $500 for you to choose from. There are many options and filters you can apply to your search to make the process easier and to find your next apartment faster and more efficiently. Asking yourself ‘are there any cheap apartments near me’? With our helpful filters, you can easily find the home of your dreams that also fits within your budget. With rent prices as low as $150 in Oregon, you can find affordable and appealing apartments that match your requirements. Sort your search by ‘Rent’ ascending to see the cheapest ones at the top of the list. As soon as you find your perfect apartment, make sure to contact the property to check for availability or apply online directly on RentCafe.