Updated 21 Hours Ago
Highlights
Pet Friendly
Location
314 Nw 5th Ave, Portland, OR 97209, USA|Old Town - Chinatown
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Property Overview
Fifth Avenue Place Apartments is noted for its strong overall quality, with a balanced mix of practical appeal and attractive features. It is recognized for offering a favorable living experience alongside amenities and characteristics that add to its desirability.
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.
Things you’ll love
Less expensive- Middle school nearby
Great for
Pet owners
Work-from-home
Social life
Floor plans
| Studio | Studio | 1 bath | 425 sqft | $825 /mo | 3 units available | Welcome home to Fifth Avenue Place Apartments, professionally managed by Atlas Management. Our community is designed with thoughtfully appointed apartment homes and a welcoming atmosphere that make you feel right at home. Fifth Avenue Place is nestled in the heart of Portland, OR, where living is made simple, comfortable, and convenient. From spacious floor plans and stylish finishes to a community that supports connection and relaxation, Fifth Avenue Place Apartments is built with you in mind. Experience the difference of living in a community where resident care and service are our top priorities. This charming high rise in the heart of downtown Portland’s Oldtown neighborhood. Each residence offers spacious living, access to a community laundry room, and roof top community garden with some of the most amazing views in Portland — perfect for comfort and everyday ease. Enjoy being minutes from everything you need — very walkable, urban-core location — Walk Score 98, Transit Score 92, Bike Score 99. Just a block from the famous Portland Saturday market, and Union Station, Lan Su Chinese Gar4den, and Pacific Northwest College of Art all within 0.3 of a mile. Community & Neighborhood Features: Smoke-Free Community Interior Features: Spacious and open floor plans with lots of natural light, Laundry on site, lots of closet and storage space. Lease Information: Lease Terms: Flexible 12-13-month leases available Utilities: Paid by the landlord: Water/Sewer/Garbage/Electricity Internet - Set up directly through the provider Pet Policy: Cats permitted, both large and small dogs also permitted Parking: Parking is available on site for rent Application Fee: $65 Photos shown are of a similar home, finishes and floorplans may vary For more information, please contact us today at: **** 503-496-4348 Atlasmgmtpdx. com vacancies Equal Housing Statement Atlas Management is an Equal Housing Opportunity provider. We comply with all federal, state, and local fair housing laws. We do not discriminate against any person on the basis of race, color, religion, sex, disability, familial status, national origin, sexual orientation, gender identity, marital status, source of income, military/veteran status, or any other protected class. Rental criteria, occupancy standards, and additional application information are available at atlasmgmtpdx com | |
| 2x1 | 2 bed | 1 bath | 800 sqft | $1,299 /mo | 1 unit available | Welcome home to Fifth Avenue Place Apartments, professionally managed by Atlas Management. Our community is designed with thoughtfully appointed apartment homes and a welcoming atmosphere that make you feel right at home. Fifth Avenue Place is nestled in the heart of Portland, OR, where living is made simple, comfortable, and convenient. From spacious floor plans and stylish finishes to a community that supports connection and relaxation, Fifth Avenue Place Apartments is built with you in mind. Experience the difference of living in a community where resident care and service are our top priorities. This charming high rise in the heart of downtown Portland’s Oldtown neighborhood. Each residence offers spacious living, access to a community laundry room, and roof top community garden with some of the most amazing views in Portland — perfect for comfort and everyday ease. Enjoy being minutes from everything you need — very walkable, urban-core location — Walk Score 98, Transit Score 92, Bike Score 99. Just a block from the famous Portland Saturday market, and Union Station, Lan Su Chinese Gar4den, and Pacific Northwest College of Art all within 0.3 of a mile. Community & Neighborhood Features: Smoke-Free Community Interior Features: Spacious and open floor plans with lots of natural light, Laundry on site, lots of closet and storage space. Lease Information: Lease Terms: Flexible 12-13-month leases available Utilities: Paid by the landlord: Water/Sewer/Garbage/Electricity Internet - Set up directly through the provider Pet Policy: Cats permitted, both large and small dogs also permitted Parking: Parking is available on site for rent Application Fee: $65 Photos shown are of a similar home, finishes and floorplans may vary For more information, please contact us today at: **** 503-496-4348 Atlasmgmtpdx. com vacancies Equal Housing Statement Atlas Management is an Equal Housing Opportunity provider. We comply with all federal, state, and local fair housing laws. We do not discriminate against any person on the basis of race, color, religion, sex, disability, familial status, national origin, sexual orientation, gender identity, marital status, source of income, military/veteran status, or any other protected class. Rental criteria, occupancy standards, and additional application information are available at atlasmgmtpdx com |
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Amenities for Fifth Avenue Place Apartments
Appliances
| Dishwasher | Oven |
| Oven, Stovetop | Range |
| Refrigerator/Freezer | Stove/Oven |
Building
| Cats OK | Dogs OK |
| Onsite Laundry |
Grounds
| Courtyard | Outdoor Space |
Services
| Electrical | On-Site Maintenance |
| On-Site Management |
Other
| Water, Sewer, & Garbage |
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
Dog Policy
Allowed
Limit1
Cat Policy
Allowed
Limit1
Questions about this property’s policies and fees?
Building details
Property details
| Units | 6 |
|---|
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About Fifth Avenue Place Apartments
Welcome home to Fifth Avenue Place Apartments, professionally managed by Atlas Management. Our community is designed with thoughtfully appointed apartment homes and a welcoming atmosphere that make you feel right at home. Fifth Avenue Place is nestled in the heart of Portland, OR, where living is made simple, comfortable, and convenient. From spacious floor plans and stylish finishes to a community that supports connection and relaxation, Fifth Avenue Place Apartments is built with you in mind. Experience the difference of living in a community where resident care and service are our top priorities. This charming high rise in the heart of downtown Portland’s Oldtown neighborhood. Each residence offers spacious living, access to a community laundry room, and roof top community garden with some of the most amazing views in Portland — perfect for comfort and everyday ease. Enjoy being minutes from everything you need — very walkable, urban-core location — Walk Score 98, Transit Score 92, Bike Score 99. Just a block from the famous Portland Saturday market, and Union Station, Lan Su Chinese Gar4den, and Pacific Northwest College of Art all within 0.3 of a mile. Community & Neighborhood Features: Smoke-Free Community Interior Features: Spacious and open floor plans with lots of natural light, Laundry on site, lots of closet and storage space. Lease Information: Lease Terms: Flexible 12-13-month leases available Utilities: Paid by the landlord: Water/Sewer/Garbage/Electricity Internet - Set up directly through the provider Pet Policy: Cats permitted, both large and small dogs also permitted Parking: Parking is available on site for rent Application Fee: $65 Photos shown are of a similar home, finishes and floorplans may vary For more information, please contact us today at: **** 503-496-4348 Atlasmgmtpdx. com vacancies Equal Housing Statement Atlas Management is an Equal Housing Opportunity provider. We comply with all federal, state, and local fair housing laws. We do not discriminate against any person on the basis of race, color, religion, sex, disability, familial status, national origin, sexual orientation, gender identity, marital status, source of income, military/veteran status, or any other protected class. Rental criteria, occupancy standards, and additional application information are available at atlasmgmtpdx com
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.
7.8
/10
Very GoodFifth Avenue Place Apartments is worth considering and a notable rental in the neighborhood. Residents prioritizing Location will find this property to be a solid option for their next home. It may not stand out for Quality, but it offers a satisfying, above-average quality of life.
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·8A 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.
With multiple in-demand amenities, Fifth Avenue Place Apartments is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
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·6A 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.
While Fifth Avenue Place Apartments does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·8A 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.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.
Fifth Avenue Place Apartments is great for:
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
- Studio units are cheaper than other similar listings nearby
- Less expensive
- The 2-bedrooms are cheaper than other similar listings nearby
- Middle school nearby
- There is a middle school 1 mile away
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 24% less than the average rent price for studios in Old Town - Chinatown.
If you decide to upgrade your space, you can expect 2-bedrooms at Fifth Avenue Place Apartments to be 19% less than the average for similarly sized apartments in Old Town - Chinatown.
Median rents as of Sep 19 2026.
Old Town - Chinatown
Portland
| Month | Median Rent |
|---|---|
| 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 | $1,163 |
| January 2026 | $1,147 |
| February 2026 | $1,152 |
| March 2026 | $1,195 |
| April 2026 | $1,185 |
| May 2026 | $1,187 |
| June 2026 | $1,180 |
| July 2026 | $1,195 |
| August 2026 | $1,182 |
| September 2026 | $1,157 |
| Month | Median Rent |
|---|---|
| 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 |
| November 2025 | $995 |
| December 2025 | $1,055 |
| January 2026 | $959 |
| February 2026 | $987 |
| March 2026 | $972 |
| April 2026 | $942 |
| May 2026 | $906 |
| June 2026 | $1,083 |
| July 2026 | $1,023 |
| August 2026 | $950 |
| September 2026 | $994 |
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
$33,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $33,000 annually to afford this studio monthly rent price of $825.
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-
Rose City Park
2334 ne 57th ave
portland, OR, 97212
K-5Public
B+
Flex Online School
10740 ne walker rd ste b
hillsboro, OR, 97006
K-12Public
A
Functional Living Skills Program
11611 ne ainsworth cir
portland, OR, 97220
K-12Public
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Internet available near Fifth Avenue Place Apartments
Neighborhood
Old Town - Chinatown | Portland, OR
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
Whole Foods Market
1210 NW Couch St
Kiriko Made
325 NW Couch St
Orox Leather Co.
450 NW Couch St
Pendleton Woolen Mills, Inc
220 NW Broadway
Index PDX
114 NW 3rd Ave
Pendleton
210 NW Broadway
Pear
338 NW 6th Ave
Deadstock Coffee
408 NW Couch St
Casba Coffee
201 NW Davis St
Lovely Rita
15 NW 4th Ave
John's Coffee Shop
301 NW Broadway
Mingle Lounge
322 NW Everett St
The Society Cafe
203 NW 3rd Ave
Barrel Room
120 NW Couch St
Pala
105 NW 3rd Ave
Darcelle's XV
208 NW 3rd Ave
Town Center Greens LP
232 NW 6th Ave
Produce Organics LLC
140 NW 4th Ave
Portland Saturday Market
2 SW Naito Pkwy
Nuvrei
404 NW 10th Ave
Cosmic Bliss
207 NW 10th Ave
Lan Su Chinese Garden
North Park Blocks
Jamison Square
Vera Katz Eastbank Esplanade
The Pioneer Courthouse
Golden Horse Seafood Restaurant
238 NW 4th Ave
Republic Cafe
222 NW 4th Ave
Taqueria Las Piedritas
198 NW 4th Ave
The Society Cafe
203 NW 3rd Ave
Pancake Creative LLC
431 NW Flanders St
NW Everett / 5th
Macadam / Greeley, Fessenden, Front Ave / St Helens Rd, Broadway / Halsey, Capitol Hwy / Mocks Crest, Jackson Park / NE 15th
NW Everett / 5th EB
I-5 Express
NW 5th / Davis SB
I-5 Express
NW 5th / Davis
Powell Blvd, Holgate / Broadway, Capitol Hwy / Mocks Crest, Macadam / Greeley, Jackson Park / NE 15th, Fessenden, Division
NW 5th / Couch MAX Station
MAX Yellow Line, MAX Orange Line, Orange Night Bus, MAX Green Line
NW 6th / Davis MAX Station
MAX Yellow Line, MAX Green Line
Union Station / NW 5th / Glisan MAX Station
MAX Yellow Line, MAX Green Line, Orange Night Bus, MAX Orange Line
Union Station / NW 6th / Hoyt MAX Station
MAX Yellow Line, MAX Green Line
Old Town / Chinatown MAX Station
MAX Red Line, MAX Blue Line
Old Town / Chinatown MAX Station
MAX Red Line, MAX Blue Line
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