Cheap 3 Bedroom Apartments for Rent in Portland, OR from $1,158 (64 Rentals)

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Miraflores
3 Bedroom Apartments

Miraflores

8917 N NewellPortland, OR 97203
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Schiller Way
3 Bedroom Apartments

Schiller Way

9326 SE Schiller StPortland, OR 97266
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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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Villa de Suenos
3 Bedroom Apartments

Villa de Suenos

6444-6518 NE Killingsworth StPortland, OR 97218
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Vista Aero
3 Bedroom Apartments

Vista Aero

6840 NE Killingsworth StPortland, OR 97218
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Rockwood Landing
3 Bedroom Apartments

Rockwood Landing

19045 SE Yamhill StPortland, OR 97233
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Clara Vista Townhomes
3 Bedroom Apartments

Clara Vista Townhomes

5315-5335 NE Cully BlvdPortland, OR 97218
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SM Multnomah Manor
3 Bedroom Apartments

SM Multnomah Manor

9110 NE Hassalo StPortland, OR 97220
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Fern Grove
3 Bedroom Apartments

Fern Grove

14232 E Burnside StPortland, OR 97233
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King Dishman
3 Bedroom Apartments

King Dishman

101 NE Knott StPortland, OR 97212

Renting with Roommates: Realistic Expectations for Shared Lease

Sharing a lease? Learn how to set clear expectations with your roommates on routines, bills, and cleaning to ensure a successful and peaceful shared living arrangement.

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L Roy Gardens
3 Bedroom Apartments

L Roy Gardens

3940 N Haight AvePortland, OR 97227
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Burlwood Apartments
3 Bedroom Apartments

Burlwood Apartments

14914 SE Division StPortland, OR 97236
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McCoy Village
3 Bedroom Apartments

McCoy Village

4310 NE Martin Luther King Jr BlvdPortland, OR 97211
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Dalton Park Apartments
3 Bedroom Apartments

Dalton Park Apartments

14201 E Burnside StPortland, OR 97233
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Plaza de Cedro
3 Bedroom Apartments

Plaza de Cedro

10801-10805 NE Fremont StPortland, OR 97220
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Z_Kateri Park
3 Bedroom Apartments

Z_Kateri Park

3640 SE 28th AvePortland, OR 97202
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Villa de Clara Vista
3 Bedroom Apartments

Villa de Clara Vista

6706 Ne Killingsworth StPortland, OR 97218
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The Dolphin Apartments
3 Bedroom Apartments

The Dolphin Apartments

6818 SE Division StPortland, OR 97206
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Holly Hill Apartments
3 Bedroom Apartments

Holly Hill Apartments

11605 SW Butner RdPortland, OR 97225
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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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Tabor West Apartments
3 Bedroom Apartments

Tabor West Apartments

6400-6476 SE Division StPortland, OR 97206
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Country Squire
3 Bedroom Apartments

Country Squire

6720-6730 SE 72nd AvePortland, OR 97206
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Lents 2000
3 Bedroom Apartments

Lents 2000

8940 SE Reedway StPortland, OR 97266
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Wellington Square
3 Bedroom Apartments

Wellington Square

19849 NE Halsey StPortland, OR 97230
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Brittany Place
3 Bedroom Apartments

Brittany Place

2916 SE 125th AvePortland, OR 97236
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Shadow Lane Duplexes
3 Bedroom Apartments

Shadow Lane Duplexes

18660 NW Shadow LnPortland, OR 97229
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Albina One
3 Bedroom Apartments

Albina One

1771 N Flint AvePortland, OR 97227

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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The Alexis Apartments
3 Bedroom Apartments

The Alexis Apartments

15075 SE Stark StPortland, OR 97233
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El-Ti-Kee
3 Bedroom Apartments

El-Ti-Kee

16005 E Burnside StPortland, OR 97233
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Executive East
3 Bedroom Apartments

Executive East

533-615 SE 160th AvePortland, OR 97233

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.

Portland, OR Local Guide

The Portland Power Commute: Top Neighborhoods for Renters Near the City’s Major Job Hubs

Balance work and life in Portland. Explore the neighborhoods for renting that offer great amenities and quick commutes to the city's top major employers. Find your Portland apartment today!

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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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A Local Experts Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Portland

A Local Experts guide to the Best Student Friendly Neighborhoods Near Colleges in the Portland area. Find your perfect Student apartment, condo, or rental home today

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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

What is a cheap apartment in Portland?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Portland is under $789.

What is the price of a cheap apartment in Portland?

The cheapest apartment in Portland is Villa de Clara Vista which is listed at $1,267, while the average apartment in Portland costs $3,550.

What types of apartments are the cheapest in Portland?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 7,436 regular apartments in Portland that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Portland?

Cheap apartments in Portland have an average cost of $653 which is $2,897 cheaper than the average rent for all rentals in Portland.

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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A Portland Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent

Written by: Chad Deitchley

As your ApartmentHomeLiving.com Local Expert for Portland, Oregon, I’d like to briefly introduce myself. My name is Chad, and I come to the ApartmentHomeLiving.com team after living in Portland for decades.

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Local Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Portland

Written by: Chad Deitchley

Hello! My name is Chad, and I joined the ApartmentHomeLiving.com team as a Local Expert after living in Portland, Oregon, for more than 20 years. I have a deep love for this charming and vibrant city.

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The Portland Power Commute: Top Neighborhoods for Renters Near the City’s Major Job Hubs

Written by: Chad Deitchley

Let me introduce myself as your ApartmentHomeLiving Local Expert for Portland, Oregon. I’m Chad, and I can attest firsthand to the vibrant and funky nature of this one-of-a-kind city.

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From Arts to Eats: A Local Insiders Guide to Living in Portland's Best Spots

Written by: Chad Deitchley

Hello! My name is Chad, and I am your ApartmentHomeLiving.com Local Expert for Portland, Oregon. After living in this one-of-a-kind city for more than 20 years, I have seen it change in many exciting ways.

Articles, How-To's, and Tips

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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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.