Cheap New Apartments for Rent in Portland, OR from $300 (363 Rentals) Page 3 of 8

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

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Multnomah Station
Rent Specials
$1,349 - $2,945
Total Monthly Price

Total Monthly Price

Base Rent
$1,349 - $2,945

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Built in 2020Studio to 2 Bedroom Apartments Available Now

Multnomah Station

7661 SW Capitol HwyPortland, OR 97219
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Sky3
Rent Specials
$1,350 - $3,707
Total Monthly Price

Total Monthly Price

Base Rent
$1,350 - $3,707

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Built in 2016Studio to 2 Bedroom Apartments Available Now

Sky3

1221 SW 11th AvePortland, OR 97205
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230 Ash
Rent Specials
$1,360 - $1,935
Total Monthly Price

Total Monthly Price

Base Rent
$1,360 - $1,935

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Built in 2019Studio to 1 Bedroom Apartments Available Now

230 Ash

230 SW Ash StPortland, OR 97204
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Solace
Rent Specials
$1,365 - $3,520
Total Monthly Price

Total Monthly Price

Base Rent
$1,365 - $3,520

Total Monthly Price
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Built in 2020Studio to 2 Bedroom Apartments Available Now

Solace

3956 N Vancouver AvePortland, OR 97227
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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Anthem PDX
Rent Specials
$1,387 - $3,055
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Total Monthly Price

Base Rent
$1,387 - $3,055

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Built in 2020Studio to 2 Bedroom Apartments Available Now

Anthem PDX

1313 E Burnside StPortland, OR 97232
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Sanctuary
Rent Specials
$1,395 - $2,772
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Total Monthly Price

Base Rent
$1,395 - $2,772

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Built in 2017Studio to 2 Bedroom Apartments Available Now

Sanctuary

4940 S Landing DrPortland, OR 97239
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Revere
Rent Specials
$1,397 - $5,411
Total Monthly Price

Total Monthly Price

Base Rent
$1,397 - $5,411

Total Monthly Price
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Built in 2019Studio to 2 Bedroom Apartments Available Now

Revere

3309 N Mississippi AvePortland, OR 97227
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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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The Century
Rent Specials
$1,415 - $2,200
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Base Rent
$1,415 - $2,200

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Built in 20161 to 2 Bedroom Apartments Available Now

The Century

3270 N Vancouver AvePortland, OR 97227
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The Wilmore
$1,422 - $1,898
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Total Monthly Price

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$1,422 - $1,898

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Built in 2016Studio to 2 Bedroom Apartments Available Now

The Wilmore

4312-4327 N Williams AvePortland, OR 97217
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North Hollow
Rent Specials
$1,430 - $3,593
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Total Monthly Price

Base Rent
$1,430 - $3,593

Total Monthly Price
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Built in 2018Studio to 2 Bedroom Apartments Available Now

North Hollow

1551 SW Taylor StPortland, OR 97205
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Holloway
Rent Specials
$1,439 - $3,125
Total Monthly Price

Total Monthly Price

Base Rent
$1,439 - $3,125

Total Monthly Price
Varies
Built in 2025Studio to 3 Bedroom Apartments Available Now

Holloway

2050 Northeast Pacific StreetPortland, OR 97232
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Prose Hayden Island
Rent Specials
$1,444 - $2,586
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Total Monthly Price

Base Rent
$1,444 - $2,586

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Built in 20231 to 2 Bedroom Apartments Available Now

Prose Hayden Island

110 N Tomahawk Island DrPortland, OR 97217
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Yard
Rent Specials
$1,446 - $3,275
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Total Monthly Price

Base Rent
$1,446 - $3,275

Total Monthly Price
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Built in 2016Studio to 2 Bedroom Apartments Available Now

Yard

22 NE 2nd AvePortland, OR 97232
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Byline Apartments
Rent Specials
$1,455 - $8,630
Total Monthly Price

Total Monthly Price

Base Rent
$1,455 - $8,630

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Built in 2025Studio to 2 Bedroom Apartments Available Now

Byline Apartments

1640 SW Yamhill StPortland, OR 97205
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Laurel 42
Rent Specials
$1,460 - $1,599
Total Monthly Price

Total Monthly Price

Base Rent
$1,460 - $1,599

Total Monthly Price
$1,460 - $1,599
Built in 2019Studio to 1 Bedroom Apartments Available Now

Laurel 42

4242 NE Halsey StPortland, OR 97213
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Slabtown Flats
Rent Specials
$1,460 - $2,810
Total Monthly Price

Total Monthly Price

Base Rent
$1,460 - $2,810

Total Monthly Price
Varies
Built in 2018Studio to 2 Bedroom Apartments Available Now

Slabtown Flats

1885 NW Quimby StPortland, OR 97209
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Portland Astoria
Rent Specials
$1,463 - $4,577
Total Monthly Price

Total Monthly Price

Base Rent
$1,463 - $4,577

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Built in 2021Studio to 2 Bedroom Apartments Available Now

Portland Astoria

140 SW Columbia StPortland, OR 97201
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Dianne
Rent Specials
$1,464 - $3,521
Total Monthly Price

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Base Rent
$1,464 - $3,521

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Built in 2018Studio to 2 Bedroom Apartments Available Now

Dianne

535 NW 11th AvePortland, OR 97209
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The George Besaw
Rent Specials
$1,475 - $1,599
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Total Monthly Price

Base Rent
$1,475 - $1,599

Total Monthly Price
Varies
Built in 2018Studio Apartments Available Jul 24

The George Besaw

2323 NW Savier StPortland, OR 97210
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Amara
Rent Specials
$1,475 - $4,230
Total Monthly Price

Total Monthly Price

Base Rent
$1,475 - $4,230

Total Monthly Price
Varies
Built in 2021Studio to 3 Bedroom Apartments Available Now

Amara

15 NW Park AvePortland, OR 97209
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Northpointe
Rent Specials
$1,487 - $3,845
Total Monthly Price

Total Monthly Price

Base Rent
$1,487 - $3,845

Total Monthly Price
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Built in 2019Studio to 2 Bedroom Apartments Available Now

Northpointe

1314 N Skidmore StPortland, OR 97217
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The Payton
$1,499 - $4,600
Total Monthly Price

Total Monthly Price

Base Rent
$1,499 - $4,600

Total Monthly Price
Varies
Built in 2019Studio to 2 Bedroom Apartments Available Now

The Payton

2020 NE Multnomah StPortland, OR 97232
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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 Pine Point Apartments which is listed at $562, while the average apartment in Portland costs $3,819.

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 7,652 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 $403 which is $3,416 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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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.

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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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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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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

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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.