Cheap New Apartments for Rent in Portland, WA from $500 (427 Rentals) Page 3 of 9

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

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Amara
Rent Specials
$1,301 - $3,862Built in 2021Studio to 3 Bedroom Apartments Available Now

Amara

15 NW Park AvePortland, OR 97209
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Holloway
Rent Specials
$1,303 - $3,168Built in 2025Studio to 3 Bedroom Apartments Contact Us For Availability

Holloway

2050 Northeast Pacific StreetPortland, OR 97232
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Rivage
$1,321 - $2,860Built in 2016Studio to 2 Bedroom Apartments Contact Us For Availability

Rivage

2220 NW Front AvePortland, OR 97209
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Union
$1,325 - $2,175Built in 2015Studio to 2 Bedroom Apartments Available Now

Union

304 NE Multnomah StPortland, OR 97232
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Couch9
Rent Specials
$1,325 - $3,499Built in 2017Studio to 3 Bedroom Apartments Available Now

Couch9

135 NW 9th AvePortland, OR 97209
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KADO NW
Rent Specials
$1,350 - $10,000Built in 2020Studio to 3 Bedroom Apartments Available Now

KADO NW

1378 NW 18th AvePortland, OR 97209
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Sky3
Rent Specials
$1,389 - $4,186Built in 2016Studio to 2 Bedroom Apartments Available Now

Sky3

1221 SW 11th AvePortland, OR 97205
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Solace
Rent Specials
$1,399 - $2,753Built in 2020Studio to 2 Bedroom Apartments Available Now

Solace

3956 N Vancouver AvePortland, OR 97227
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Fitz
Rent Specials
$1,400 - $2,850Built in 2021Studio to 2 Bedroom Apartments Available Now

Fitz

1905 NW 23rd AvePortland, OR 97210
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Showing Results 101-150, Page 3 of 9

Getting Around Portland, OR

Walk Score®

75 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

85 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

54 / 100

Good Transit

Many nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 $757.

What is the price of a cheap apartment in Portland?

The cheapest apartment in Portland is Dekum Court which is listed at $506, while the average apartment in Portland costs $2,779.

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 6,810 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 $424 which is $2,355 cheaper than the average rent for all rentals in Portland.

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.

decorative image for A Portland Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent article

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.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

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.