1 Day Ago
Highlights
Pet Friendly
Location
1524 Ne 40th Ave #206, Portland, OR 97232, USA|Hollywood
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Property Overview
This summary uses Zumper’s proprietary data. “Things you’ll love” and “Great for” are based on our internal analyses of market trends and renter insights.
Things you’ll love
Less expensive- High school nearby
- Images Available
Great for
Pet owners
Eco living
Amenities for 1524 Ne 40th Ave #206, Hollywood
Apartment Amenities
| Balcony | Granite Kitchen Counter |
| Hardwood Floor |
Appliances
| Electric Stove/Oven | In-Unit Laundry |
| Microwave | Refrigerator |
| Stainless Steel Appliances | Washer and Dryer |
Building
| Cats OK | Controlled Access |
| Dogs OK | No Smoking |
| Onsite Laundry | Small Building |
Grounds
| Assigned Parking |
Services
| Trash Removal Included |
Other
| Dogs OK Up to 25 Pounds | Less Than Ten Years Old |
| One Year Lease | Tenant Pays All Electric |
| Tenant Pays Water/Sewer |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Parking Policy
Assigned Parking
Dog Policy
Allowed
Cat Policy
Allowed
Contact for more information on pet policy.
Questions about this property’s policies and fees?
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About 1524 Ne 40th Ave #206
Sign an 18-month lease for just $1,094/mo! 💸 Experience elevated living at Meridian 40, where modern design meets everyday comfort. ✨ Each thoughtfully crafted home features sleek stainless-steel appliances, crisp white cabinetry, gorgeous countertops with a chic backsplash, and the inviting warmth of hardwood floors throughout. Enjoy the convenience of in-unit laundry, making daily life easier and more efficient. 🧺 Spanning three levels, Meridian 40 combines style with security, offering a welcoming lobby and secure building entry for peace of mind. 🛡️ Perfectly situated and the corner from Trader Joe’s, plus popular shops and dining, you’ll enjoy unbeatable convenience right outside your door. 🛒🍽️ Welcome to Meridian 40—where luxury and lifestyle come together seamlessly. 🌟 UTILITIES Electric - Pacific Power Water/Sewer - $90/mo. Trash - Paid by landlord PETS There is a max of 1 pet, under 50lbs. All pets must be at least one year old, spayed/neutered and current on all shots and immunizations. Please submit proof from your veterinarian with all current shots and immunizations. Pet rent is $25 per pet, per month. A pet picture is required. Breed restrictions do apply. Management reserves the right to deny any animal, at any time, for reasons including aggression, behavior issues, etc. An additional deposit of $300 per pet is required. Total deposit will not exceed 1.5x the monthly rent. APPLICATION PROCESSING: Accepting applications now! All complete applications are processed in the order received. If you are in a back-up position, your application fee will not be processed if another application is approved before yours. Fees are non-refundable once we start screening your application. Please note that we do not accept third party applications INCOME REQUIREMENTS Gross income should be 2.5 times the rent View our Rental Criteria on our website or contact our office. SMOKING All of our homes are smoke free. MARIJUANA This property will not allow the growing or smoking of marijuana. This unit does not qualify as a Type A Accessible Dwelling Unit pursuant to the Oregon Structural Building Code and ICC A117.1. ALL INFORMATION IS DEEMED RELIABLE BUT NOT GUARANTEED
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 1524 Ne 40th Ave #206 compares to other nearby properties.
Positives
- Less expensive
- Studio units are cheaper than other similar listings nearby
- High school nearby
- There is a high school 0.4 mile away
- Images Available
- There are at least 10 photos of this address
- Outdoor space
- Easy access to the outdoors
Considerations
- Greater distance from middle schools
- The nearest middle school is farther than 1 mile away
Address details
| Neighborhood | Hollywood |
|---|---|
| Zip code | 97232 |
| Type | Apartment for rent |
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Rent trends in Hollywood
studio apartments at 1524 Ne 40th Ave #206 cost about 5% more than the average rent price for studio apartments in Portland.
Median rents as of Dec 13 2025.
Hollywood
Portland
| Month | Median Rent |
|---|---|
| December 2023 | $1,200 |
| January 2024 | $1,205 |
| February 2024 | $1,195 |
| March 2024 | $1,197 |
| April 2024 | $1,198 |
| May 2024 | $1,213 |
| June 2024 | $1,231 |
| July 2024 | $1,228 |
| August 2024 | $1,223 |
| September 2024 | $1,233 |
| October 2024 | $1,219 |
| November 2024 | $1,202 |
| December 2024 | $1,199 |
| January 2025 | $1,193 |
| February 2025 | $1,193 |
| March 2025 | $1,180 |
| April 2025 | $1,178 |
| May 2025 | $1,178 |
| June 2025 | $1,175 |
| July 2025 | $1,174 |
| August 2025 | $1,196 |
| September 2025 | $1,185 |
| October 2025 | $1,150 |
| November 2025 | $1,173 |
| December 2025 | $1,172 |
| Month | Median Rent |
|---|---|
| February 2024 | $966 |
| March 2024 | $1,040 |
| April 2024 | $1,087 |
| May 2024 | $1,050 |
| June 2024 | $1,050 |
| August 2024 | $1,050 |
| January 2025 | $1,175 |
| February 2025 | $1,175 |
| August 2025 | $1,075 |
| September 2025 | $1,156 |
| October 2025 | $1,125 |
| November 2025 | $1,075 |
| December 2025 | $1,075 |
Affordability calculator
Can I afford to live at 1524 Ne 40th Ave #206?
Bedrooms
StudioRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$45,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $45,000 annually to afford this studio monthly rent price of $1,125.
For more information on rent affordability, visit our rent calculator.
Schools near 1524 Ne 40th Ave #206
Beverly Cleary School
1915 ne 33rd
portland, OR, 97212
K-8Public
A-
Winterhaven School
3830 se 14th ave
portland, OR, 97202
K-8Public
A-
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Internet available near 1524 Ne 40th Ave #206
Getting around Portland near 1524 Ne 40th Ave #206
Walking
10/10
No car? No problem. Everything you need is within a few blocks.
Driving
5/10
This area is accessible to thoroughfares and has ample parking options.
Cycling
6/10
More spots are within biking distance and some roads are cyclist-friendly.
Transit
8/10
Popular public transit options are just a short walk from this location.
Points of interest for 1524 Ne 40th Ave #206, Portland
Groceries
9/10
At least one supermarket within a 5-minute walk
Shopping
7/10
Several shops within a few minutes’ walk
Cafes
7/10
Several cafés within a few minutes’ walk
Restaurants
8/10
Variety of restaurants within a few minutes' walk
Primary schools
8/10
At least one elementary school within a 15-minute walk
High schools
8/10
At least one high school within a 10-minute walk
Parks
7/10
Large amount of park space nearby
Nightlife
7/10
Several bars within a few minutes’ walk
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