Cheap New Apartments for Rent in Portland, OR from $500 (441 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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Multnomah Village Apartments
Rent Specials
$1,490 - $2,115
Total Monthly Price

Total Monthly Price

Base Rent
$1,490 - $2,115

Total Monthly Price
$1,490 - $2,115
Built in 2017Studio to 2 Bedroom Apartments Available Now

Multnomah Village Apartments

7711 SW Capitol HwyPortland, OR 97219
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Waterside Apartments
$1,550 - $1,700
Total Monthly Price

Total Monthly Price

Base Rent
$1,114 - $1,264
Required Monthly Fees
$436

Total Monthly Price
$1,550 - $1,700
Built in 20201 Bedroom Apartments Available Now

Waterside Apartments

16533 NE Halsey StPortland, OR 97230
Family Friendly
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The Gabe
Rent Specials
$1,588 - $2,225
Total Monthly Price

Total Monthly Price

Base Rent
$1,573 - $2,210
Required Monthly Fees
$15

Total Monthly Price
$1,588 - $2,225
Built in 2024Studio to 3 Bedroom Apartments Available Now

The Gabe

4525 SW California StPortland, OR 97219
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Mt. Tabor Villas
Rent Specials
$1,600 - $1,715
Total Monthly Price

Total Monthly Price

Base Rent
$1,500 - $1,615
Required Monthly Fees
$100

Total Monthly Price
$1,600 - $1,715
Built in 20202 Bedroom Apartments Available Now

Mt. Tabor Villas

475 NE 74th AvePortland, OR 97213
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Fitz
Rent Specials
$1,614 - $2,775
Total Monthly Price

Total Monthly Price

Base Rent
$1,614 - $2,775

Total Monthly Price
$1,614 - $2,775
Built in 2021Studio to 2 Bedroom Apartments Available Now

Fitz

1905 NW 23rd AvePortland, OR 97210
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Alta Art Tower
Rent Specials
$1,615 - $6,186
Total Monthly Price

Total Monthly Price

Base Rent
$1,615 - $6,186

Total Monthly Price
$1,615 - $6,186
Built in 20221 to 3 Bedroom Apartments Available Now

Alta Art Tower

1510 SW Alder StPortland, OR 97205
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Revere
Rent Specials
$1,646 - $9,008
Total Monthly Price

Total Monthly Price

Base Rent
$1,621 - $8,983
Required Monthly Fees
$25

Total Monthly Price
$1,646 - $9,008
Built in 2019Studio to 2 Bedroom Apartments Available Now

Revere

3309 N Mississippi AvePortland, OR 97227
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Heirloom
$1,654 - $2,521
Total Monthly Price

Total Monthly Price

Base Rent
$1,654 - $2,521

Total Monthly Price
$1,654 - $2,521
Built in 20211 to 3 Bedroom Apartments Available Now

Heirloom

7900 SE Luther RdPortland, OR 97206
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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
Corporate Housing
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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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The Amy
Built in 2019Studio to 1 Bedroom Apartments

The Amy

2031 SW 10th AvePortland, OR 97201
Student Housing
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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 4th
Built in 2020Studio to 1 Bedroom Apartments

Koz on 4th

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

Koz on 13th

123 SE 13th AvePortland, OR 97214
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Grove
Built in 2018Studio to 1 Bedroom Apartments

Grove

1385 NW 22nd AvePortland, OR 97210
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Dekum Apartments
Built in 2016Studio to 1 Bedroom Apartments

Dekum Apartments

1308 NE Dekum StPortland, OR 97211
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Meridian 40
Built in 2023Studio to 1 Bedroom Apartments

Meridian 40

1524 NE 40th AvePortland, OR 97232
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Cardy on Woodstock
Built in 2021Studio Apartments

Cardy on Woodstock

5111 SE Woodstock BlvdPortland, OR 97206
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Spring Villa Apartments
Built in 20211 to 2 Bedroom Apartments

Spring Villa Apartments

14775 NE Couch StPortland, OR 97230
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Enclave 54
Built in 2020Studio Apartments

Enclave 54

5434 SE Milwaukie AvePortland, OR 97202
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Lucera
Built in 2020Studio to 1 Bedroom Apartments

Lucera

4626 N Maryland AvePortland, OR 97217
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330 Dekum Apartments
Built in 2021Studio to 1 Bedroom Apartments

330 Dekum Apartments

330 NE Dekum StPortland, OR 97211
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Cathedral Village
Built in 2022Studio to 3 Bedroom Apartments

Cathedral Village

6520 N Salem AvePortland, OR 97203
  • Utilities Included

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 $795.

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 $3,720.

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 9,095 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 $438 which is $3,282 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.

decorative image for From Arts to Eats: A Local Insiders Guide to Living in Portland's Best Spots article

From Arts to Eats: A Local Insiders 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.

Articles, How-To's, and Tips

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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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.