Cheap New Apartments for Rent in Portland, OR from $500 (441 Rentals) Page 6 of 9

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

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NAYA Generations
Built in 20161 to 4 Bedroom Apartments

NAYA Generations

8510 SE Steele StPortland, OR 97266
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Ava's Place
Built in 2022Studio to 1 Bedroom Apartments

Ava's Place

5881 N Montana AvePortland, OR 97217
  • Smoke Free
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Abernethy Flats
Built in 2019Studio to 1 Bedroom Apartments

Abernethy Flats

2014 SE 11th AvePortland, OR 97214
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Greeley Court
Built in 20221 Bedroom Apartments

Greeley Court

5531 N Greeley AvePortland, OR 97217
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Ivanhoe (1 & 2)
Built in 2016Studio to 2 Bedroom Apartments

Ivanhoe (1 & 2)

8510 N Ivanhoe StPortland, OR 97203
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The Hannah
Built in 20241 Bedroom Apartments

The Hannah

5480 NE 36th AvePortland, OR 97211
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Syracuse
Built in 2018Studio to 4 Bedroom Apartments

Syracuse

7228 N Burlington AvePortland, OR 97203
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St. J's
Built in 2017Studio to 3 Bedroom Apartments

St. J's

7180 N Leavitt AvePortland, OR 97203
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888
Built in 2017Studio to 3 Bedroom Apartments

888

915 SE Belmont StPortland, OR 97214
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Watts Rowhouses
Built in 20221 to 2 Bedroom Apartments

Watts Rowhouses

1350 N Watts StPortland, OR 97217
  • Utilities Included
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The Ripple Apartments
Built in 2019Studio to 1 Bedroom Apartments

The Ripple Apartments

4975 NE 14th PlPortland, OR 97211
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Homeroom Apartments
Built in 2018Studio to 2 Bedroom Apartments

Homeroom Apartments

485 SE 14th AvePortland, OR 97214
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Modera Pearl
Built in 2017Studio to 2 Bedroom Apartments

Modera Pearl

1481 NW 13th AvePortland, OR 97209
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Montana 11
Built in 2020Studio to 1 Bedroom Apartments

Montana 11

6712 N Montana AvePortland, OR 97217
  • Utilities Included
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Greeley Apartments PDX
Built in 2023Studio to 1 Bedroom Apartments

Greeley Apartments PDX

5880 N Greeley AvePortland, OR 97217
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Willis RowHouses
Built in 2023Studio to 2 Bedroom Apartments

Willis RowHouses

1615 N Willis BlvdPortland, OR 97217
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Prose Hayden Island
Built in 20231 to 2 Bedroom Apartments

Prose Hayden Island

110 N Tomahawk Island DrPortland, OR 97217
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Cook Street
Built in 2016Studio to 2 Bedroom Apartments

Cook Street

107 N Cook StPortland, OR 97227
Corporate Housing
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AVIVA Apartments
Built in 2024Studio to 2 Bedroom Apartments

AVIVA Apartments

18604-18688 E Burnside StPortland, OR 97233
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Soleil
Built in 2023Studio to 1 Bedroom Apartments

Soleil

3755 N Williams AvePortland, OR 97227
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Eastbank Quarters
Built in 20171 to 2 Bedroom Apartments

Eastbank Quarters

686 SE Spokane StPortland, OR 97202
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7710 SE Mitchell St
Built in 2023Studio to 1 Bedroom Apartments

7710 SE Mitchell St

7710 SE Mitchell StPortland, OR 97206
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Slogan Apartments
Built in 2017Studio to 2 Bedroom Apartments

Slogan Apartments

1510 N Sumner StPortland, OR 97217
Corporate Housing
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Crescent Court
Built in 2022Studio to 3 Bedroom Apartments

Crescent Court

11560 SE Division StPortland, OR 97266
  • Utilities Included
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Reveal Apartments
Built in 2019Studio to 2 Bedroom Apartments

Reveal Apartments

1411 NW Quimby StPortland, OR 97209
Corporate Housing
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Oliver Station Apartments
Built in 20181 to 2 Bedroom Apartments

Oliver Station Apartments

5990 SE 92nd AvePortland, OR 97266
  • Utilities Included
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Cecelia Apartments
Built in 20211 to 3 Bedroom Apartments

Cecelia Apartments

6263 N Cecelia StPortland, OR 97203
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Woodstock Living
Built in 20231 to 3 Bedroom Apartments

Woodstock Living

6080 SE 84th AvePortland, OR 97266
Student Housing
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The Alexander
Built in 20161 to 2 Bedroom Apartments

The Alexander

50 SE 13th AvePortland, OR 97214
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107th Apartments
Built in 2024Studio to 2 Bedroom Apartments

107th Apartments

4775 NE 107th AvePortland, OR 97220
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West Lombard
Built in 20251 Bedroom Apartments

West Lombard

6375 N Lombard StPortland, OR 97203
  • Utilities Included
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56 Commons Apartments
Built in 20161 to 3 Bedroom Apartments

56 Commons Apartments

4925 SW 56th AvePortland, OR 97221
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Lombard
Built in 2019Studio to 3 Bedroom Apartments

Lombard

5120 N Lombard StPortland, OR 97203
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Greenwich Flats
Built in 20221 to 2 Bedroom Apartments

Greenwich Flats

7350 N Greenwich AvePortland, OR 97217
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Overlook Park Flats
Built in 20171 to 2 Bedroom Apartments

Overlook Park Flats

3705 N Overlook BlvdPortland, OR 97227
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West Parc
Built in 2016Studio to 3 Bedroom Apartments

West Parc

15715 NW Central DrPortland, OR 97229
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Wildwood Apartments
Built in 2016Studio to 2 Bedroom Apartments

Wildwood Apartments

2240 NW Pettygrove StPortland, OR 97210
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Artisan Apartments
Built in 2020Studio to 3 Bedroom Apartments

Artisan Apartments

3301 SE Division StPortland, OR 97202
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Boathouse
Built in 2016Studio to 2 Bedroom Apartments

Boathouse

0444 SW Boundary StPortland, OR 97239
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Overlook Flats
Built in 20221 to 2 Bedroom Apartments

Overlook Flats

5780 N Greeley AvePortland, OR 97217
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Amore
Built in 2021Studio to 2 Bedroom Apartments

Amore

5505 NE Glisan StPortland, OR 97213
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Modera Morrison
Built in 2023Studio to 3 Bedroom Apartments

Modera Morrison

1130 SE Morrison StPortland, OR 97214
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Windsor Buckman
Built in 2020Studio to 2 Bedroom Apartments

Windsor Buckman

909 SE 12th AvePortland, OR 97214
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The Bluebird
Built in 20252 to 3 Bedroom Apartments

The Bluebird

105 NE 146th AvePortland, OR 97230
  • Utilities Included
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The Aurora
Built in 20231 to 3 Bedroom Apartments

The Aurora

16015 SE Stark StPortland, OR 97233
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Overlook Lofts
Built in 2022Studio to 1 Bedroom Apartments

Overlook Lofts

1515 N Simpson StPortland, OR 97217
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The Julian
Built in 20201 to 2 Bedroom Apartments

The Julian

5681 NE Glisan StPortland, OR 97213
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The Bridgetown
Built in 2017Studio to 3 Bedroom Apartments

The Bridgetown

4525 NE Fremont StPortland, OR 97213

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.

decorative image for Local Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Portland article

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.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

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.