Cheap New Apartments for Rent in Portland, OR from $500 (443 Rentals) Page 4 of 9

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

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BD52
Rent Specials
$1,499 - $1,750Built in 2019Studio to 1 Bedroom Apartments Available Now

BD52

6615 SE 52nd AvePortland, OR 97206
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Fitz
Rent Specials
$1,614 - $2,600Built in 2021Studio to 2 Bedroom Apartments Available Now

Fitz

1905 NW 23rd AvePortland, OR 97210
Corporate Housing
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5 MLK
Rent Specials
$1,627 - $4,906Built in 2020Studio to 2 Bedroom Apartments Available Now

5 MLK

5 SE Martin Luther King Jr BlvdPortland, OR 97214
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72Foster No Availability!!
Built in 2019Studio to 3 Bedroom Apartments

72Foster No Availability!!

5005 SE 72nd AvePortland, OR 97206
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4130 NE Garfield Ave
Built in 20201 Bedroom Apartments

4130 NE Garfield Ave

4130 NE Garfield AvePortland, OR 97211
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The Alexis Apartments
Built in 2018Studio to 3 Bedroom Apartments

The Alexis Apartments

15075 SE Stark StPortland, OR 97233
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Hazel Heights
Built in 20181 to 2 Bedroom Apartments

Hazel Heights

12621 SE Stark StPortland, OR 97233
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Koz on Killingsworth
Built in 2021Studio to 2 Bedroom Apartments

Koz on Killingsworth

151 N Killingsworth StPortland, OR 97217
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Tabor Burnside Apartments
Built in 2016Studio to 3 Bedroom Apartments

Tabor Burnside Apartments

5607 E Burnside StPortland, OR 97215
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Dekum Court
Built in 2025Studio to 4 Bedroom Apartments

Dekum Court

6971 NE 27th AvePortland, OR 97211
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Koz on 4th
Built in 2020Studio to 1 Bedroom Apartments

Koz on 4th

2211 SW 4th AvePortland, OR 97201
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Koz on 13th
Built in 2019Studio to 1 Bedroom Apartments

Koz on 13th

123 SE 13th AvePortland, OR 97214
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Showing Results 151-200, Page 4 of 9

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 $762.

What is the price of a cheap apartment in Portland?

The cheapest apartment in Portland is Las Adelitas which is listed at $698, while the average apartment in Portland costs $3,534.

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 8,870 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 $467 which is $3,067 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

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.

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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.

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

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.

Articles, How-To's, and Tips

decorative image for How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips article

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!