Cheap Homes for Rent in Portland, ND from $500 (13 Rentals)

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

property at 376 4th St E

$679

Total Monthly Price

Total Monthly Price

Base Rent
$679

Total Monthly Price
$679

1 Bedroom, 1 Bath Townhome for Rent

Available Now

376 4th St E

HalstadMN56548

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.

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.

Portland, ND Local Guide

Cheapest Available Portland Apartments for Rent and Nearby

 

The cheapest available apartment rental in Portland, ND is a Studio unit found at Silver Leaf Property Management - Grand Forks priced from $450. Landmark Estates has the second lowest priced unit, which is a Studio apartment currently listed from $525. Here is today’s list of the most affordable Portland apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Silver Leaf Property Management - Grand ForksEfficiencyStudio,1BA$450
Landmark EstatesEfficiency AStudio,1BA$525
Forest Park Apartments1 Bedroom B1BR,1BA$855
Aspen LoftsUnit HStudio,1BA$975
Southwind Apartments3 Bedroom B3BR,2BA$1,062

Best Value Apartments for Rent in Portland, ND and Nearby

As of April 25, 2026 the best value apartment in the Portland area is the $0.91 price per square foot 3 Bedroom 1700 sq. ft. Model at Stonewood Apartments in the starting from $1,550. The second greatest value Portland apartment is the 2 Bed 2 Bath - High Ceiling Model at EMPIRE starting at $2,800 with a $1.66 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.
Stonewood Apartments3 Bedroom 1700 sq. ft.3BR,2BA$0.91
EMPIRE2 Bed 2 Bath - High Ceiling2BR,2BA$1.66
Ashland Apartment HomesC23BR,2BA$1.39
West Ridge Apartments2 Bed 1 Bath | 1076 sqft2BR,1BA$1.30
Southwind Apartments2 Bedroom A2BR,2BA$1.08
Mallview Apartments2A2BR,1BA$1.53
Silver WatersA11BR,1BA$1.49
Southpoint ApartmentsA11BR,1BA$1.57
Forest Park Apartments1 Bedroom B1BR,1BA$1.14
Silver Leaf Property Management - Grand ForksEfficiencyStudio ,1BA$1.38

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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 Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Portland

What type of rentals are currently available in Portland?

There are currently 34 Apartments for Rent in Portland, ND with pricing that ranges from $450 to $3,100. There are also 40 Single Family Homes for rent, Condos, and Townhome rentals currently available in Portland ranging from $545 to $2,495.

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 $545 to $2,495 with an average monthly rent of $1,376.

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

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.