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$1,245 - $2,125Built in 2020Studio to 2 Bedroom Apartments Available Now
505 Dekum Apartments
505-577 NE Dekum StPortland, OR 97211
Cheap New Apartments for Rent in Portland, OR from $470 (421 Rentals) Page 2 of 9
Search the lowest-cost Apartments available for rent right now in Portland.
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Rent Specials
$1,246 - $1,798Built in 2023Studio to 3 Bedroom Apartments Available Now
Waterleaf
2065 S River PkyPortland, OR 97201
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$1,246 - $1,798Built in 2026Studio to 3 Bedroom Apartments Available Now
73Foster
7330 SE Foster RdPortland, OR 97206
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$1,250 - $2,195Built in 2018Studio to 3 Bedroom Apartments Available Now
The Woodstock!
6006 SE 53rd AvePortland, OR 97206
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$1,250 - $1,850Built in 20181 to 2 Bedroom Apartments Available Now
Oliver Station Apartments
5990 SE 92nd AvePortland, OR 97266
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$1,250Built in 20201 Bedroom Apartments Available Soon
MF 15 - N. Emerson
1514 N Emerson StPortland, OR 97217
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Rent Specials
$1,250Built in 2022Studio Apartments Available Soon
Nehalem 13
1280 Nehalem StPortland, OR 97202
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$1,250 - $2,805Built in 2017Studio to 2 Bedroom Apartments Available Now
Bridgetown Lofts
1850 NW Front AvePortland, OR 97209
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Rent Specials
$1,259 - $2,499
Total Monthly Price
Base Rent$1,259 - $2,499
Total Monthly Price$1,259 - $2,499
Novus
4981 SE Woodstock BlvdPortland, OR 97206
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Rent Specials
$1,270 - $5,410
Total Monthly Price
Base Rent$1,270 - $5,410
Total Monthly PriceVaries
Hollis
1625 SW Alder StPortland, OR 97205
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
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$1,275 - $1,875Built in 2026Studio to 2 Bedroom Apartments Available Now
Ellana on Alberta
2465 NE Alberta StPortland, OR 97211
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Rent Specials
$1,275 - $2,225
Total Monthly Price
Base Rent$1,275 - $2,225
Total Monthly Price$1,275 - $2,225
Annex at Bridgeton
1245 N Anchor WayPortland, OR 97217
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$1,286 - $3,199Built in 2020Studio to 2 Bedroom Apartments Available Now
Arris
878 N Fremont StPortland, OR 97227
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Rent Specials
$1,287 - $8,387
Total Monthly Price
Base Rent$1,287 - $8,387
Total Monthly PriceVaries
Amara
15 NW Park AvePortland, OR 97209
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$1,289 - $4,573Built in 2022Studio to 2 Bedroom Apartments Available Now
The Sutton
1550 NW Naito PkyPortland, OR 97209
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Rent Specials
$1,290 - $3,017Built in 2016Studio to 2 Bedroom Apartments Available Now
Rivage
2220 NW Front AvePortland, OR 97209
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Rent Specials
$1,295 - $3,653
Total Monthly Price
Base Rent$1,295 - $3,653
Total Monthly PriceVaries
The Dylan
3883 S Moody AvePortland, OR 97239
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Rent Specials
$1,295 - $2,095Built in 2024Studio to 2 Bedroom Apartments Available Now
The Woods on Marquam Hill
1311 SW Gibbs StPortland, OR 97239
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Rent Specials
$1,295Built in 2023Studio Apartments Available Now
8770 N Willamette
8770 N Willamette BlvdPortland, OR 97203
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Rent Specials
$1,297 - $3,257Built in 2017Studio to 2 Bedroom Apartments Available Now
The Strauss on Burnside
77 NE Grand AvePortland, OR 97232
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
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$1,299 - $3,828
Total Monthly Price
Base Rent$1,299 - $3,828
Total Monthly Price$1,299 - $3,828
Goat Blocks
975 SE 11th AvePortland, OR 97214
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$1,299 - $1,499Built in 2019Studio to 2 Bedroom Apartments Available Now
Forty One 11
4111 NE M L King BlvdPortland, OR 97211
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Rent Specials
$1,299 - $2,571
Total Monthly Price
Base Rent$1,299 - $2,571
Total Monthly Price$1,299 - $2,571
Collective on 4th
1818 SW 4th AvePortland, OR 97201
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$1,299 - $1,849Built in 2019Studio to 1 Bedroom Apartments Available Now
BD52
6615 SE 52nd AvePortland, OR 97206
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Rent Specials
$1,299 - $3,523
Total Monthly Price
Base Rent$1,299 - $3,523
Total Monthly PriceVaries
Anthem PDX
1313 E Burnside StPortland, OR 97232
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$1,299 - $5,383
Total Monthly Price
Base Rent$1,299 - $5,383
Total Monthly PriceVaries
Tempo PDX
80 NE 14th AvePortland, OR 97232
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Rent Specials
$1,299 - $2,260
Total Monthly Price
Base Rent$1,299 - $2,260
Total Monthly Price$1,299 - $2,260
230 Ash
230 SW Ash StPortland, OR 97204
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$1,299 - $9,456
Total Monthly Price
Base Rent$1,299 - $9,456
Total Monthly PriceVaries
Storyline
1177 SW Market StPortland, OR 97201
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Rent Specials
$1,299 - $1,895
Total Monthly Price
Base Rent$1,299 - $1,895
Total Monthly Price$1,299 - $1,895
Parallax
4030 N Williams AvePortland, OR 97227
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$1,300 - $1,490Built in 2020Studio to 2 Bedroom Apartments Available Sep 15
Kaya Camilla
5510 N Denver AvePortland, OR 97217
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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$1,300Built in 2020Studio Apartments Available Oct 8
Tabor Commons
1020 SE 60th AvePortland, OR 97215
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$1,300Built in 20221 Bedroom Apartments Available Sep 16
Central Lofts Apartments
7373 N Philadelphia AvePortland, OR 97203
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$1,300 - $10,000
Total Monthly Price
Base Rent$1,300 - $10,000
Total Monthly PriceVaries
KADO NW
1378 NW 18th AvePortland, OR 97209
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$1,303 - $1,920Built in 2026Studio to 3 Bedroom Apartments Available Now
Shortstack Belmont
2755 SE Belmont StPortland, OR 97214
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$1,310 - $1,973Built in 2022Studio to 2 Bedroom Apartments Available Sep 18
The Robert
4750 N Albina AvePortland, OR 97217
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$1,311 - $2,750Built in 2016Studio to 3 Bedroom Apartments Available Now
The Abigail
1650 NW 13th AvePortland, OR 97209
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$1,317 - $1,572Built in 20241 to 2 Bedroom Apartments Available Now
Powellhurst Place
5416 SE 122nd AvePortland, OR 97236
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Rent Specials
$1,319 - $2,675
Total Monthly Price
Base Rent$1,319 - $2,675
Total Monthly Price$1,319 - $2,675
Analog PDX
1871 N Flint AvePortland, OR 97227
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$1,325Built in 20221 Bedroom Apartments Available Soon
Mila Rose Residences
4064 N Mississippi AvePortland, OR 97227
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Rent Specials
$1,325 - $1,695
Total Monthly Price
Base Rent$1,325 - $1,695
Total Monthly PriceVaries
38 Davis
38 NW Davis StPortland, OR 97209
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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Rent Specials
$1,339 - $2,442
Total Monthly Price
Base Rent$1,339 - $2,442
Total Monthly PriceVaries
Prose Hayden Island
110 N Tomahawk Island DrPortland, OR 97217
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$1,340 - $1,940
Total Monthly Price
Base Rent$1,340 - $1,940
Total Monthly Price$1,340 - $1,940
Jute Apartments
550 SE Martin Luther King Jr BlvdPortland, OR 97214
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Rent Specials
$1,342 - $4,325Built in 2018Studio to 2 Bedroom Apartments Available Now
The Rodney
1470 NW Glisan StPortland, OR 97209
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$1,343 - $2,686Built in 2017Studio to 2 Bedroom Apartments Available Now
The Morgan
1650 SE Tacoma StPortland, OR 97202
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Rent Specials
$1,345 - $2,150
Total Monthly Price
Base Rent$1,345 - $2,150
Total Monthly Price$1,345 - $2,150
Laurel 42
4242 NE Halsey StPortland, OR 97213
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$1,345 - $4,268
Total Monthly Price
Base Rent$1,345 - $4,268
Total Monthly PriceVaries
North Hollow
1551 SW Taylor StPortland, OR 97205
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Rent Specials
$1,348 - $3,085Built in 2024Studio to 2 Bedroom Apartments Available Now
Memoir Buckman
1010 SE Ash StPortland, OR 97232
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$1,348 - $2,527
Total Monthly Price
Base Rent$1,348 - $2,527
Total Monthly PriceVaries
The Wilmore
4312-4327 N Williams AvePortland, OR 97217
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$1,350Built in 20241 Bedroom Apartment Available Now
5636 SE Ogden St, Unit B
5636 SE Ogden StPortland, OR 97206
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Rent Specials
$1,355 - $2,672
Total Monthly Price
Base Rent$1,355 - $2,672
Total Monthly PriceVaries
Sanctuary
4940 S Landing DrPortland, OR 97239
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.
Showing Results 51-100, Page 2 of 9
Portland, OR Local Guide
How much does it cost to rent an apartment in Portland?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Portland Studio Apartments | $1,346 | $470 | $6,657 |
| Portland 1 Bedroom Apartments | $1,750 | $698 | $7,437 |
| Portland 2 Bedroom Apartments | $2,095 | $837 | $10,000+ |
| Portland 3 Bedroom Apartments | $2,376 | $1,290 | $10,000+ |
| Portland 4 Bedroom Apartments | $3,017 | $1,902 | $9,491 |
| Portland 5 Bedroom Apartments | $5,098 | $5,098 | $5,098 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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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 $800.
What is the price of a cheap apartment in Portland?
The cheapest apartment in Portland is Park Terrace which is listed at $729, while the average apartment in Portland costs $1,728.
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 7,070 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 $384 which is $1,344 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
From Arts to Eats: A Local Insider's 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.
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.
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.
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.
Articles, How-To's, and Tips
Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.
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.