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Apartments for Rent in Oregon under $500

Apartments for Rent in Oregon under $500. 25 Rentals Available
25 Rentals Available
Quick filters
  • 6 units available
    1 bd $465+
    Base rent
    Verified Listing

    285 N Broad St (1212), Monmouth, OR 97361
    Apply online
  • Rent specials
    Studio $150
    Total monthly cost
    Verified Listing

    4853 Verda Lane NE, Keizer, OR 97303
    Apply online • Pet friendly • Parking
  • 5 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
  • 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 24 Jun 2026.

What are the best apartments in Oregon?
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.

Your search for apartments in Oregon under $500 stops here

Finding apartments for rent in Oregon for less than $500 has never been so easy! At RentCafe nice cheap apartments are just one click away. There are currently 25 available units in Oregon, renting for under $500. On average, $516 can get you 711 Sqft in this area. Be sure to search for the apartment that is best for you. Under “More”, check the amenities that you consider a must-have, and don’t forget to look at the pet policy. Fitness enthusiasts can even check the Fitness Center box. Whether you are looking for studio apartments, 1 bedroom apartments, 2 bedroom apartments or 3 bedroom apartments, you are sure to find one that will make you want to move in right away.

We’ll help you find the best rental near you

Having to compromise on either price or location can turn your “apartments near me under $500” search into a nightmare. At RentCafe we recognize the importance of both. Therefore, we offer a variety of filters that can help you find exactly what you want. Sorting the results by rent, ascending, will make the cheapest units show up first on the list. Try it out! You will find that right now the cheapest apartment under $500 in Oregon goes for $150 per month. If some of the results are outside the area of your choice, you can go to the left side of the screen and draw a radius or a polygon around your location. Now you will only see results that are relevant to you.