Cheap Homes for Rent in Pearl District Portland, OR from $1,100 (22 Rentals)

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Search the lowest-cost Homes available for rent right now in the Pearl District area of Portland.

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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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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Pearl District, Portland, OR Local Guide

Cheapest Available Pearl District Apartments for Rent

 

The cheapest available apartment rental in the Pearl District area of Portland, OR is a Studio unit found at Bridgetown Lofts priced from $1,195. DOCK 59 APARTMENTS has the second lowest priced unit, which is a Studio apartment currently listed from $1,195. Here are the most affordable Pearl District apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Bridgetown LoftsLloydStudio,1BA$1,195
DOCK 59 APARTMENTSStudio GStudio,1BA$1,195
EnsoLilyStudio,1BA$1,238
Oro ApartmentsStudio FStudio,1BA$1,274
The RodneyStudio S2Studio,1BA$1,309

Best Value Apartments for Rent in Pearl District, OR

As of May 18, 2025 the best value apartment in the Pearl District area is the $2.63 price per square foot Three Bed Two Bath - A Model at Couch9 in the in the Pearl District neighborhood starting from $3,799. The second greatest value Pearl District apartment is the Morrison Studio B Model at Honeyman Hardware Lofts starting at $2,475 with a $2.29 price per square foot in the Pearl District neighborhood. Here is today’s list of the best values for Pearl District apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Couch9Three Bed Two Bath - A3BR,2BA$2.63
Honeyman Hardware LoftsMorrison Studio BStudio ,1BA$2.29
Dianne2x2 B2BR,2BA$2.79
Bridgetown LoftsMississippi2BR,2BA$2.33
Reveal ApartmentsB2B2BR,2BA$2.63
1400 NW Irving St, Unit #5141400 NW Irving St1BR,1BA$2.72
327 Northwest Park Avenue, Unit Apartment 3-D327 Northwest Park Avenue1BR,1BA$2.26
Crane Flats and LoftsLoft No. 5Studio ,1BA$2.83
EnsoAlyssaStudio ,1BA$2.49
Modera PearlS1Studio ,1BA$2.74

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Frequently Asked Questions about Pearl District

What type of rentals are currently available in Pearl District?

There are currently 80 Apartments for Rent in Pearl District, OR with pricing that ranges from $1,195 to $9,693. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Pearl District ranging from $1,145 to $3,750.

What is the current price range for Rental Homes in Pearl District?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Pearl District ranges from $1,145 to $3,750 with an average monthly rent of $2,296.

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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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.