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Apartments for Rent in Portland, OR under $500

Apartments for Rent in Portland, OR under $500. 20 Rentals Available
20 Rentals Available
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  • a bedroom with a bed and a living room with a table and chairs
    7 units available
    Studio $480+
    Base rent
    Verified Listing

    2065 S River Parkway, Portland, OR 97201
    Pet friendly
  • an empty kitchen with a large window overlooking a city
    9 units available
    Ask for Pricing
    Verified Listing

    2045 S River Parkway, Portland, OR 97201
    Pet friendly
  • a aerial view of a house and a building lit up at night
    4 units available
    Studio $335+
    Base rent
    Verified Listing

    8550 N Argyle Way, Portland, OR 97217
3-0-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: Bridgetown Lofts, Cambridge Trinity, Slogan, Morrison 16 and Maddox Apartments.

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.