
Cheap New Apartments for Rent in Portland, OR from $300 (363 Rentals) Page 3 of 8
Search the lowest-cost Apartments available for rent right now in Portland.


Muse Apartments

Total Monthly Price
Sky3

Nehalem 13

Total Monthly Price
230 Ash

Oliver Station Apartments

Total Monthly Price
Solace

The Marilyn

Yamhill Firs Apartments

The Buckley at Lents
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.

Total Monthly Price
Multnomah Village Apartments

Total Monthly Price
Anthem PDX

Ellis Flats

Total Monthly Price
Sanctuary

Bridgetown Lofts

54 Woodstock

Total Monthly Price
Revere

Holm at Sellwood

Sunshine Portland

Central Lofts
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.

Raleigh Slabtown

The Carson

Total Monthly Price
The Century

Cadence

Total Monthly Price
The Wilmore

Couch9

Almr Apartments

Memoir Buckman

Total Monthly Price
North Hollow

The Rodney

The Weidler

Total Monthly Price
Holloway

The Jade

Total Monthly Price
Prose Hayden Island

Total Monthly Price
Yard

East of Eleven

Total Monthly Price
Byline Apartments

Total Monthly Price
Laurel 42

Total Monthly Price
Slabtown Flats

Total Monthly Price
Portland Astoria

Total Monthly Price
Dianne

Total Monthly Price
The George Besaw

Total Monthly Price
Amara

Wilson Townhomes

Meetinghouse

Powellhurst Place

Total Monthly Price
Northpointe

MF 16 - N. Sumner

Skidmore Apartments

Total Monthly Price
The Payton
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 | $1,342 | $320 | $8,235 |
| Portland 1 Bedroom Apartments | $1,745 | $698 | $6,655 |
| Portland 2 Bedroom Apartments | $2,087 | $837 | $8,630 |
| Portland 3 Bedroom Apartments | $2,563 | $1,395 | $10,000+ |
| Portland 4 Bedroom Apartments | $6,815 | $1,902 | $10,000+ |
| Portland 5 Bedroom Apartments | $10,469 | $5,098 | $10,000+ |
Explore Portland
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

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

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.

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.

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.

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.