Cheap Apartments for Rent near Portland, MO from $500 (34 Rentals)

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

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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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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217 Twin Ridge Rd
1 to 3 Bedroom Apartments

217 Twin Ridge Rd

217 Twin Ridge RdLinn, MO 65051
Student Housing

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Aria Discovery LLC
Studio to 3 Bedroom Apartments

Aria Discovery LLC

4500 Kentsfield DrColumbia, MO 65201
Corporate Housing

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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Showing Results 1-34, 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 $550. 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 $800. Here is today’s list of the most affordable Portland apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Schrimpf Management1 Bedroom Apartments1BR,1BA$550
The Links at ColumbiaClassic Deluxe II1BR,1BA$800
Forest Village Apartments2 Bedroom2BR,1BA$825
Grindstone at Columbia2BR/2BA2BR,2BA$880
Stadium ApartmentsThe Greenbriar2BR,1BA$970
deVille I Properties LLC2 Bedroom Townhome2BR,1BA$1,210
Springbrook Park ApartmentsIvyStudio,1BA$1,220
Wellington Manor2 BR2BR,2BA$1,300
Broadway Village ApartmentsModel2BR,1BA$1,450
Aria Discovery LLCCrescendo1BR,1BA$1,525

Best Value Apartments for Rent in Portland, MO and Nearby

As of July 13, 2026 the best value apartment in the Portland area is the $0.49 price per square foot The Faurot Model at State Columbia in the starting from $835. The second greatest value Portland apartment is the 2 Bedroom Townhome Model at deVille I Properties LLC starting at $1,210 with a $0.82 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.
State ColumbiaThe Faurot3BR,3.5BA$0.49
deVille I Properties LLC2 Bedroom Townhome2BR,1.5BA$0.82
Wellington Manor2 BR2BR,2BA$1.22
Broadway Village ApartmentsModel2BR,1BA$1.38
Grindstone at Columbia2BR/2BA2BR,2BA$0.85
Schrimpf Management1 Bedroom Apartments1BR,1BA$0.58
Forest Village Apartments2 Bedroom2BR,1BA$1.00
Aria Discovery LLCCrescendo1BR,1BA$2.07
Stadium ApartmentsThe Greenbriar2BR,1BA$1.33
The Links at ColumbiaClassic Deluxe II1BR,1BA$1.47

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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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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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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Remember the 3 Rules of Real Estate:
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 $550 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 $595 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

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.

Articles, How-To's, and Tips

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

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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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

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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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.