Cheap Apartments for Rent in the Hollywood Neighborhood of Portland, OR from $500 (98 Rentals)

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

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The Morrison
from $1,050Studio Apartments Available Now

The Morrison

717-735 SE Morrison StPortland, OR 97214
Transit Friendly
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  • Customer Reviewed
  • Utilities Inc.

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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Society 62
1 Bedroom Apartments

Society 62

1435 NE 62nd AvePortland, OR 97213
Corporate Housing
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King Dishman
1 to 3 Bedroom Apartments

King Dishman

4942-4956 NE 6th AvePortland, OR 97211
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Margaret Carter Plaza
1 Bedroom Apartments

Margaret Carter Plaza

620-628 NE Brazee StPortland, OR 97212
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Vista Aero
3 to 4 Bedroom Apartments

Vista Aero

6840 NE Killingsworth StPortland, OR 97218
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Villa De Suenos
4 Bedroom Apartments

Villa De Suenos

6444-6518 NE Killingsworth StPortland, OR 97218
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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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Tabor Hill Terrace
1 Bedroom Apartments

Tabor Hill Terrace

6028-6078 E Burnside StPortland, OR 97215
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Villa de Clara Vista
1 Bedroom Apartments

Villa de Clara Vista

6706 NE Killingsworth StPortland, OR 97218
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JOHN JAMES
Studio Apartments

JOHN JAMES

4125 NE 82nd AvePortland, OR 97220
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. Society 62 has the second lowest priced unit, which is a 1 Bed apartment currently listed from $700. Here are the most affordable Hollywood apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
MILEPOST 5SROStudio,$620
Society 62Private Room w/Bath1BR,1BA$700
Villa de Suenos4 Bedroom 2 Baths PBV unit at 30% AMI4BR,2BA$848
Kimberly Court1BR/1.0BA1BR,1BA$895
Villa de Clara Vista1 Bedroom 1 Bath PBV 50% AMI1BR,1BA$914
JOHN JAMES0x1Studio,1BA$925
Rose Tabor ApartmentsStudioStudio,1BA$925
Koz on 13thStudioStudio,1BA$943

Best Value Apartments for Rent in Hollywood, OR

As of March 09, 2025 the best value apartment in the Hollywood area is the $1.28 price per square foot 1025 SE Ash St Model at 1025 SE Ash St, Unit 110-110B in the in the Southeast Portland neighborhood starting from $1,785. The second greatest value Hollywood apartment is the 4 Bedroom 2 Baths Model at Los Jardines de la Paz starting at $1,413 with a $1.04 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.
1025 SE Ash St, Unit 110-110B1025 SE Ash StStudio ,1BA$1.28
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
Clara Vista Townhomes3 Bed 1.5 Bath PBV Home Low Rent Limit3BR,1.5BA$1.07
Villas de Mariposas3 Bedroom 1 Bath3BR,1.5BA$1.08
Hank Reardon PlazaTownhouse Loft1BR,1BA$1.63
Connery Place - Student HousingTwo Bedroom2BR,1BA$1.56
The CommonsThe Maple1BR,1BA$1.64
Rose Tabor ApartmentsStudioStudio ,1BA$1.54
MILEPOST 5SROStudio ,0.5BA$1.46

Quick Rent Budget Calculator

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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

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 the Cheapest Studio apartment in Hollywood?

Currently the most affordable Cheap Studio Apartment in Hollywood is at MILEPOST 5 listed at $620.

How much is rent for a Cheap One Bedroom Hollywood Apartment?

The lowest price for a Cheap One Bedroom Hollywood Apartment is $700 at Society 62.

What is the lowest price for a Cheap Two Bedroom Hollywood Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Hollywood is starting from $1,095 at Connery Place - Student Housing.

What is the most affordable Hollywood Three Bedroom Apartment?

The best deal on a cheap Hollywood Three Bedroom Apartment rental is at Clara Vista Townhomes and starts from $1,257.

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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What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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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.