Cheap New Apartments for Rent in Portland, OR from $500 (444 Rentals) Page 7 of 9

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

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Boathouse
Built in 2016Studio to 2 Bedroom Apartments

Boathouse

0444 SW Boundary StPortland, OR 97239
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Hollywood 12
Built in 20181 to 2 Bedroom Apartments

Hollywood 12

1728 NE 45th AvePortland, OR 97213
  • Utilities Included
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The Bluebird
Built in 20252 to 3 Bedroom Apartments

The Bluebird

105 NE 146th AvePortland, OR 97230
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The Bridgetown
Built in 2017Studio to 3 Bedroom Apartments

The Bridgetown

4525 NE Fremont StPortland, OR 97213
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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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30k Apartments
Built in 2018Studio to 2 Bedroom Apartments

30k Apartments

3011 NE Killingsworth StPortland, OR 97211
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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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Heartline Apartments
Built in 2018Studio to 3 Bedroom Apartments

Heartline Apartments

1250 NW Kearney StPortland, OR 97209
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Sellwood 13
Built in 2017Studio to 1 Bedroom Apartments

Sellwood 13

8036 SE 13th AvePortland, OR 97202
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  • Utilities Included
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Bezel
Built in 20211 to 2 Bedroom Apartments

Bezel

1481 NE Alberta StPortland, OR 97211
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The Allison
Built in 20221 to 4 Bedroom Apartments

The Allison

3210 SW 12th AvePortland, OR 97239
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485 NE Jessup St
Built in 20242 Bedroom Apartments

485 NE Jessup St

485 NE Jessup StPortland, OR 97211
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Humboldt 25
Built in 20231 Bedroom Apartments

Humboldt 25

1525 N Humboldt StPortland, OR 97217
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1834 Apartments
Built in 20201 to 2 Bedroom Apartments

1834 Apartments

1834 NW 25th AvePortland, OR 97210
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The Marigold
Built in 20191 to 3 Bedroom Apartments

The Marigold

3425 SE Gladstone StPortland, OR 97202
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The Garfield
Built in 20191 to 2 Bedroom Apartments

The Garfield

3975 NE Portland AvePortland, OR 97212
  • Utilities Included
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Peyton Place
Built in 20231 to 2 Bedroom Apartments

Peyton Place

6960 N Montana AvePortland, OR 97217
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The Chloe
Built in 20231 Bedroom Apartments

The Chloe

16 N Blandena StPortland, OR 97217
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2291 NW Glisan St
Built in 20211 to 2 Bedroom Apartments

2291 NW Glisan St

2291 NW Glisan StPortland, OR 97210
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Fernhill Crossing LLC
Built in 20201 to 2 Bedroom Apartments

Fernhill Crossing LLC

4225-4256 NE Highland CtPortland, OR 97218

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 $757.

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 $3,569.

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 9,253 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 $464 which is $3,105 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!