Zumper
modified
13 Hours Ago

Highlights

  • Pet Friendly
  • Off-street parking, covered parking
  • Amenities include

Location

314 Nw 5th Ave, Portland, OR 97209, USA|Old Town - Chinatown
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Contact

Leasing office

(971) 599-6036

Property Overview

Fifth Avenue Place Apartments offers notable features such as off-street and covered parking, enhancing convenience for residents. With 15 photos available, prospective renters can easily assess the property, which contributes positively to its appeal. Additionally, the Zumper Expert Rating reflects a solid recommendation for this property, indicating its overall quality.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

8.5
Very Good
With a solid 8.5 out of 10 overall, Fifth Avenue Place Apartments is a great option for renters. While some aspects, like Trustworthiness, might not be as distinguished as other properties nearby, Fifth Avenue Place Apartments has a number of attractive features—namely its Amenities— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • Less expensive
  • Middle school nearby
  • Dishwasher

Great for

  • Social life
  • Work-from-home
  • Eco living

Floor plans

Studio AStudio1 bath425 sqft$995 /mo
Studio BStudio1 bath485 sqft$995 /mo
1x1 A1 bed1 bath585 sqft$1,053 /mo
1x1 B1 bed1 bath625 sqft$1,053 /mo
1x1 C1 bed1 bath675 sqft$1,053 /mo
2x12 bed1 bath800 sqft$1,260 /mo

Let's explore this property.

Amenities for Fifth Avenue Place Apartments

Apartment Amenities

Breakfast BarFreezer
Full Size KitchensLarge Closets
Large WindowsLiving Room
Walk-in ClosetWater Included

Appliances

DishwasherRange/Oven
Refrigerator

Tech

Cable ReadyHigh-Speed Internet

Building

Cats OKDogs OK
ElevatorOnsite Laundry

Grounds

BarbecueOff-Street Parking
Outdoor SpacePet-Friendly Community

Services

On-Site MaintenanceOn-Site Management
Trash Removal Included

Neighborhood

On Bus Line
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

Dog Policy

Allowed
Limit1

Cat Policy

Allowed
Limit1

Questions about this property’s policies and fees?

Building details

Property details

Year built1999
Units71
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About Fifth Avenue Place Apartments

HomeApartments in PortlandOld Town - Chinatown Fifth Avenue Place Apartments

Fifth Avenue Place Apartments is a Portland Apartment located at 314 NW 5th Ave. The property features Studio - 2 rental units available starting at $995. Amenities include Pet Friendly Community, Dogs Ok, Cats Ok, and On-Site Laundry. Trash Removal Included and Water Included included. Off-Street Parking parking and Covered Parking parking available. Contact us for a showing.


Year Built: 1999

Zumper Expert Rating

Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.5
/10
Very Good
With a solid 8.5 out of 10 overall, Fifth Avenue Place Apartments is a great option for renters. While some aspects, like Trustworthiness, might not be as distinguished as other properties nearby, Fifth Avenue Place Apartments has a number of attractive features—namely its Amenities— so you can be assured your rent will come with a high standard of living.
How we rated Fifth Avenue Place Apartments
Price·8A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
Scoring a 8/10, Fifth Avenue Place Apartments is a great option for renters looking for apartments in Old Town - Chinatown. The rent is significantly lower than the median rent for the area, therefore this property is competitively priced for its location and its features. Residents here will find a home that meets their needs with few trade-offs.
Amenities·9A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
Fifth Avenue Place Apartments goes above and beyond to provide sought-after conveniences and desirable perks, including barbecue. Renters looking for popular or luxurious features will find them here—and for that reason, Fifth Avenue Place Apartments receives one of the highest amenities scores.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Fifth Avenue Place Apartments is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·9A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
Fifth Avenue Place Apartments has a few standout characteristics that set it apart from similar properties nearby. Having both verified status and features that cater to discerning renters, this is a great option for renters looking for a specific and exceptional lifestyle.
Trustworthiness·7A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
Fifth Avenue Place Apartments provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.

Fifth Avenue Place Apartments is great for:

Social life

  • Areas nearby are accessible by walking
  • 955 restaurants within 1 mile of this property
  • 1167 mixed-use spaces nearby
  • 89 local event hubs within 1 mile

Work-from-home

  • High speed internet is an amenity
  • Large windows for natural lighting
  • 7 internet service provider options nearby
  • 11 office supply stores within 1 mile

Eco living

  • Public transit available nearby
  • You can get around by foot in this area
  • 106 parks within a mile
  • On-site recycling or composting options

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 Fifth Avenue Place Apartments compares to other nearby properties.

Positives

Less expensive
The 2-bedrooms are cheaper than other similar listings nearby
Less expensive
Studio units are cheaper than other similar listings nearby
Less expensive
The 1-bedrooms are cheaper than other similar listings nearby
Middle school nearby
There is a middle school 1 mile away
Dishwasher
Dishwasher available in kitchen
Elevator
Improved accessibility features
Images Available
There are at least 10 photos of this address
Laundry available on site
Washers and dryers are available in-building or in-unit
Outdoor space
Easy access to the outdoors
Walk-in closet
More closet space on average

Considerations

Greater distance from high schools
The nearest high school is farther than 1 mile away

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Rent trends in Old Town - Chinatown

Studio apartments at Fifth Avenue Place Apartments cost about the same as the average rent price for studios in Old Town - Chinatown.

1-bedroom apartments here are priced 19% lower than 1-bedrooms in Old Town - Chinatown.

If you decide to upgrade your space, you can expect 2-bedrooms at Fifth Avenue Place Apartments to be 28% less than the average for similarly sized apartments in Old Town - Chinatown.

Median rents as of Oct 25 2025.
Old Town - Chinatown
Portland
A table of studio rental data trends in Portland
MonthMedian Rent
November 2023$1,195
December 2023$1,199
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
A table of studio rental data trends in Old Town - Chinatown
MonthMedian Rent
November 2023$1,385
December 2023$1,211
January 2024$1,115
February 2024$1,240
March 2024$1,342
April 2024$1,263
May 2024$995
June 2024$1,151
July 2024$1,290
August 2024$1,323
September 2024$1,272
October 2024$1,275
November 2024$1,141
December 2024$1,234
January 2025$1,052
February 2025$995
March 2025$995
April 2025$995
May 2025$995
July 2025$1,199
August 2025$1,247
September 2025$1,234
October 2025$995

Affordability calculator

Can I afford to live at 314 Nw 5th Ave?

Bedrooms

Rent-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

$39,800/yr

With your selected rent-to-income ratio, you'd ideally want to make $39,800 annually to afford this studio median monthly rent price of $995.
For more information on rent affordability, visit our rent calculator.

Schools near Fifth Avenue Place Apartments

Chapman Elementary School

1445 nw 26th ave

portland, OR, 97210

K-5Public
B

Winterhaven School

3830 se 14th ave

portland, OR, 97202

K-8Public
A-
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Internet available near Fifth Avenue Place Apartments

Neighborhood

Old Town - Chinatown | Portland, OR

NEIGHBORHOOD VIBE
Lively and energetic
You’ll be in the heart of the action in this bustling and vibrant area with plenty of shopping, nightlife, and culture.

Getting around Portland near 314 Nw 5th Ave

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

10/10
Helmets on–you can get anywhere in this cyclist-friendly, well-connected area.

Transit

10/10
Getting around is a breeze; rapid transit and bus lines are a few blocks away.

Points of interest for 314 Nw 5th Ave, Portland

Groceries

9/10
At least one grocery store within a few minutes' walk

Shopping

9/10
Wide variety of shops within a few minutes' walk

Cafes

9/10
Variety of cafés within a few minutes' walk

Restaurants

9/10
Variety of restaurants within a few minutes' walk

Primary schools

9/10
At least one elementary school within a 5-minute walk

High schools

5/10
At least one high school within a 30-minute walk

Parks

8/10
Large amount of park space nearby

Nightlife

10/10
Variety of bars right on the street

Explore the area around 314 Nw 5th Ave

Old Town Grocery
100 NW 3rd Ave
World Foods
830 NW Everett St
McCormick Pier Grocery & Deli
600 NW Naito Pkwy
Mediterranean Express
120 SW Ankeny St
T & K Grocery & Deli
332 SW 3rd Ave

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