Cheap Homes for Rent in Portland, AR from $400 (17 Rentals)

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

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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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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3147 LA-594

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Portland, AR Local Guide

Cheapest Available Portland Apartments for Rent and Nearby

 

The cheapest available apartment rental in Portland, AR is a 1 Bed unit found at Park Place Apartments priced from $625. Westchester Square has the second lowest priced unit, which is a 1 Bed apartment currently listed from $700. Here is today’s list of the most affordable Portland apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Park Place Apartments1 Bedroom1BR,1BA$625
Westchester SquareSm 1 Bed1BR,1BA$700
Meadowview Apartments1 Bedroom1BR,1BA$700
Creel PropertiesSTADIUM1BR,1BA$705
Sunset Village Apartments1 Bed, 1 bath1BR,1BA$710

Best Value Apartments for Rent in Portland, AR and Nearby

As of June 18, 2025 the best value apartment in the Portland area is the $0.74 price per square foot 2 bedroom townhome Model at Churchill Townhouses Apartments in the starting from $925. The second greatest value Portland apartment is the 2 bed Model at Morrison Place starting at $1,200 with a $1.03 price per square foot . 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.
Churchill Townhouses Apartments2 bedroom townhome2BR,2BA$0.74
Morrison Place2 bed2BR,2BA$1.03
The MarkTwo Bedroom Two Bath Upgrade2BR,2BA$1.05
Frances Place Apartments2 BR/2 BA2BR,2BA$0.84
Cypresswoods Apartments2 Bedroom Townhouse2BR,1.5BA$0.85
Bayou Park Apartments2 Bedroom2BR,1BA$0.82
Town & Country Apartment HomesThree Bedroom / One and a half Bath3BR,1.5BA$0.93
Pinnacle ApartmentsTwo Bedroom Apartment2BR,2BA$1.07
Van MarkA11BR,1BA$1.04
Westchester SquareSm 1 Bed1BR,1BA$1.06

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 Portland

What type of rentals are currently available in Portland?

There are currently 35 Apartments for Rent in Portland, AR with pricing that ranges from $450 to $2,331. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Portland ranging from $475 to $2,400.

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 $475 to $2,400 with an average monthly rent of $1,320.

How much are larger Three and Four Bedroom Rentals in Portland?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Portland range from $775 to $2,115, while Three Bedroom Homes, Condos, and Townhomes for rent range from $800 to $2,300. Four Bedroom Single-Family rentals are also available starting from $2,000 and Four Bedroom Apartments start at $950.

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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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.