Cheap Apartments for Rent in the Hollywood Neighborhood of Portland, OR from $500 (93 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Hollywood area of Portland.

Portland’s Best Affordable Neighborhoods

Learn about Portland and the best places to live with original content written by our Portland, OR Local Expert Chad Deitchley

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King Dishman
1 to 3 Bedroom Apartments

King Dishman

4942-4956 NE 6th AvePortland, OR 97211
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Vista Aero
3 to 4 Bedroom Apartments

Vista Aero

6840 NE Killingsworth StPortland, OR 97218
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Tabor Hill Terrace
1 Bedroom Apartments

Tabor Hill Terrace

6028-6078 E Burnside StPortland, OR 97215
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Kimberly Court
1 Bedroom Apartments

Kimberly Court

5624-5762 NE 42nd AvePortland, OR 97218
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Yamhill Apartments
Studio to 1 Bedroom Apartments

Yamhill Apartments

630 SE Yamhill StPortland, OR 97214
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JOHN JAMES
Studio Apartments

JOHN JAMES

4125 NE 82nd AvePortland, OR 97220
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The Vintage
Studio Apartments

The Vintage

3046-3056 NE Holladay StPortland, OR 97232
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Showing Results 1-50, Page 1 of 2

Hollywood, Portland, OR Local Guide

Cheapest Available Hollywood Apartments for Rent

 

The cheapest available apartment rental in the Hollywood area of Portland, OR is a Studio unit found at MILEPOST 5 priced from $620. Margaret Carter Plaza has the second lowest priced unit, which is a 1 Bed apartment currently listed from $802. Here are the most affordable Hollywood apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
MILEPOST 5SROStudio,$620
Margaret Carter PlazaOne Bathroom One Bedroom HUD Unit1BR,1BA$802
Villa de Suenos4 Bedroom 2 Baths PBV unit at 30% AMI4BR,2BA$848
Villa de Clara Vista1 Bedroom 1 Bath PBV 50% AMI1BR,1BA$914
Vista de Rosas1 Bedroom 1 Bath 50% AMI1BR,1BA$914
Rose Tabor ApartmentsStudioStudio,1BA$925
JOHN JAMES0x1Studio,1BA$925
Koz on 13thStudioStudio,1BA$952
Burnie (1 & 2)0BR/1.0BAStudio,1BA$999
Sullivan's RidgeS1-AStudio,1BA$1,045

Best Value Apartments for Rent in Hollywood, OR

As of April 12, 2025 the best value apartment in the Hollywood area is the $1.04 price per square foot 4 Bedroom 2 Baths Model at Los Jardines de la Paz in the in the Cully neighborhood starting from $1,413. The second greatest value Hollywood apartment is the 4 Bedroom 2 Baths PBV unit at 30% AMI Model at Villa de Suenos starting at $848 with a $0.65 price per square foot in the Cully neighborhood. Here is today’s list of the best values for Hollywood apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Los Jardines de la Paz4 Bedroom 2 Baths4BR,2BA$1.04
Villa de Suenos4 Bedroom 2 Baths PBV unit at 30% AMI4BR,2BA$0.65
The Russell by Trion Living2x2g2BR,2BA$1.85
Clara Vista Townhomes3 Bed 1.5 Bath PBV Home Low Rent Limit3BR,1.5BA$1.07
Hank Reardon PlazaTownhouse Loft1BR,1BA$1.63
The CommonsThe Maple1BR,1BA$1.64
Rose Tabor ApartmentsStudioStudio ,1BA$1.54
Vista de Rosas1 Bedroom 1 Bath 50% AMI1BR,1BA$1.58
Margaret Carter PlazaOne Bathroom One Bedroom HUD Unit1BR,1BA$1.39
Villa de Clara Vista1 Bedroom 1 Bath PBV 50% AMI1BR,1BA$1.66

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Pet Friendly Lifestyle
Hollywood, Portland, OR

Ranked #23

Among neighborhoods in Portland, OR for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Hollywood, Portland, OR

School data provided by Great Schools

Lifestyle Ratings

This website compiles millions of data points to bring you comprehensive Lifestyle Ratings of rentals and neighborhoods across the USA, and customized analysis for Central Portland. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including rankings of the best places for easy access to the parks, luxury amenities, kid and pet-friendly communities, availability of transit options, and how walkable or bikeable each community and area is. Find Lifestyle Search in the filter options (above). Happy Searching!

Getting Around the Hollywood Neighborhood in Portland, OR

Walk Score®

96 / 100

Walker’s Paradise

Daily errands do not require a car

Bike Score®

96 / 100

Biker's Paradise

Daily errands can be accomplished on a bike

Transit Score®

73 / 100

Excellent Transit

Transit is convenient for most trips

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Hollywood Apartments

What is a cheap apartment in Hollywood?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Hollywood is under $1,045.

What is the price of a cheap apartment in Hollywood?

The cheapest apartment in Hollywood is Margaret Carter Plaza which is listed at $802, while the average apartment in Hollywood costs $8,000.

What types of apartments are the cheapest in Hollywood?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 52 regular apartments in Hollywood that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Hollywood?

Cheap apartments in Hollywood have an average cost of $166 which is $7,834 cheaper than the average rent for all rentals in Hollywood.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

decorative image for A Portland Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent article

A Portland Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent

Written by: Chad Deitchley

As your ApartmentHomeLiving.com Local Expert for Portland, Oregon, I’d like to briefly introduce myself. My name is Chad, and I come to the ApartmentHomeLiving.com team after living in Portland for decades.

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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.