Cheap Apartments for Rent in Portland, MO from $400 (23 Rentals)

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Search the lowest-cost Apartments 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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Showing Results 1-23, Page 1 of 1

Portland, MO Local Guide

Cheapest Available Portland Apartments for Rent and Nearby

 

The cheapest available apartment rental in Portland, MO is a 1 Bed unit found at Schrimpf Management priced from $450. The Links at Columbia in the The Links of Columbia neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $775. Here is today’s list of the most affordable Portland apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Schrimpf Management1 Bedroom Apartments1BR,1BA$450
The Links at ColumbiaClassic Deluxe II1BR,1BA$775
Cliffside1X11BR,1BA$925
Stadium Apartments2 Bed - Standard2BR,1BA$925
Keeneland Downs ApartmentsSecretariat Floor Plan - 2 Bedrooms/1 Bath2BR,1BA$1,025

Best Value Apartments for Rent in Portland, MO and Nearby

As of June 23, 2025 the best value apartment in the Portland area is the $1.33 price per square foot Riviera Model at The Residences of Old Hawthorne in the in the The Links of Columbia neighborhood starting from $2,650. The second greatest value Portland apartment is the 2x2 Model at Cliffside starting at $1,500 with a $1.00 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.
The Residences of Old HawthorneRiviera3BR,2.5BA$1.33
Cliffside2x22BR,2BA$1.00
The Collective at ColumbiaThe Truman2BR,2.5BA$0.63
Wellington Manor3 BR W/ Garages3BR,2BA$1.02
Grayson Cottages2BR/2.5BA - 22F2BR,2.5BA$0.73
Rock Quarry VillageThree Bedroom Townhome3BR,2BA$0.99
Schrimpf Management2 Bedroom Apartments2BR,2BA$0.48
Campus Lodge4x44BR,4BA$0.49
Keeneland Downs ApartmentsDreamer Floor Plan - Deluxe 2 Bedroom Apartment2BR,1BA$1.42
Stadium Apartments2 Bed - Standard2BR,1BA$1.27

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Location, Location, Location!

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Frequently Asked Questions about Cheap Portland Apartments

How much is rent for a Cheap One Bedroom Portland Apartment?

The lowest price for a Cheap One Bedroom Portland Apartment is $450 at Schrimpf Management.

What is the lowest price for a Cheap Two Bedroom Portland Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Portland is starting from $495 at Schrimpf Management.

What is the most affordable Portland Three Bedroom Apartment?

The best deal on a cheap Portland Three Bedroom Apartment rental is at Schrimpf Management and starts from $795.

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.

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

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.