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Apartments for Rent in Portland, OR under $500

Apartments for Rent in Portland, OR under $500. 8 Rentals Available
8 Rentals Available
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  • A living room with a grey sofa and a coffee table.
    Rent specials 7 units available
    Studio $480+
    Base rent Income restricted
    Verified Listing

    2065 SW River Parkway, Portland, OR 97201
    Apply online • Pet friendly
  • A kitchen with a white counter top and black cabinets.
    1 bd $482+
    Base rent Income restricted
    Verified Listing

    610 NE 99Th Ave, Portland, OR 97220
2-0-city
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Frequently asked questions

When were prices and availability in Portland, OR last updated?

Prices and availability in Portland, OR were last updated on 10 Jun 2026.

What are the best apartments in Portland, OR?

The best apartments in Portland, OR are: Quinten Tower, Clay & Tiffany, The Parker, East Wind and Lorence Court Apartments.

What type of rental buildings are in Portland, OR?

In Portland, 48% of the residents are renting compared to 52% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 29% of Portland's rentals, 51% are small-scale complexes with under 50 units, and 19% are single-family rentals.