Cheap Homes for Rent in Portland Neighborhood of Louisville, KY from $600 (8 Rentals)

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

property at 2718 W Jefferson St

$699

Total Monthly Price

Total Monthly Price

Base Rent
$699

Total Monthly Price
$699

1 Bedroom, 1 Bath Home for Rent

Available Now

2718 W Jefferson St

LouisvilleKY40212

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Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Portland, Louisville, KY Local Guide

Cheapest Available Portland Apartments for Rent

 
Apartment ListingModel NameBed/BathPriced From
Montgomery Apartments3 Bedroom, 2 Bath3BR,2BA$1,295

Best Value Apartments for Rent in Portland, KY

As of July 05, 2026 the best value apartment in the Portland area is the $1.20 price per square foot 3 Bedroom, 2 Bath Model at Montgomery Apartments in the in the Portland neighborhood starting from $1,295. The second greatest value Portland apartment is the 2014 W Main St Model at 2014 W Main St, Unit 1F starting at $795 with a $0.80 price per square foot in the Portland neighborhood. Here is today’s list of the best values for Portland apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Montgomery Apartments3 Bedroom, 2 Bath3BR,2BA$1.20
2014 W Main St, Unit 1F2014 W Main St2BR,1BA$0.80
2433 Slevin St, Unit 22433 Slevin St3BR,1BA$1.09
100 N. 33rd St., Apt 3, Unit 3100 N. 33rd St., Apt 31BR,1BA$0.87
2614 W Jefferson St, Unit 42614 W Jefferson St2BR,1BA$1.07

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Official Expert's Guide to the Top Neighborhoods in Louisville for College Renters

Learn About the Best Neighborhoods to Rent Near College Campuses in Louisville, KY | Find Louisville Off-Campus Student Housing at ApartmentHomeLiving.com

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Frequently Asked Questions about Portland

What type of rentals are currently available in Portland?

There are currently 61 Apartments for Rent in Portland, KY with pricing that ranges from $650 to $1,295. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Portland ranging from $695 to $1,800.

What is the current price range for Rental Homes in Portland?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Portland ranges from $695 to $1,800 with an average monthly rent of $1,144.

Expert Rental Resources

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.

Helpful Local Expert Guides

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Louisville is a terrific location to get an advanced education at one of its many great colleges and universities.

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Kentucky is a business-friendly commonwealth, and Louisville is its largest city. It also is home to many great employers who pay well, and their workers have lots of great choices in neighborhoods to rent great apartments.

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Articles, How-To's, and Tips

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There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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