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Apartments for Rent in Portland, OR under $500

Apartments for Rent in Portland, OR under $500. 7 Rentals Available
7 Rentals Available
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  • A living room with a grey sofa and a coffee table.
    Rent specials 6 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 21 May 2026.

What are the best apartments in Portland, OR?

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

What type of rental buildings are in Portland, OR?

In Portland 48% of the housing is rented out compared to 52% of homes are owned, according to the most recent Census Bureau estimates. 29% of Portland's apartments are found in large buildings of 50 units or more, 51% are located in smaller apartment complexes with less than 50 units, and 19% are single-family rentals.