
Cheap New Apartments for Rent in Portland, OR from $500 (440 Rentals) Page 8 of 9
Search the lowest-cost Apartments available for rent right now in Portland.


Northbrook Village

Arts Plaza

Seven Acres

Henley Place

Baseline 158

Attwell off Main

Autumn Grove

Latitude 45

Modera Raleigh Hills

Halsey Crossing Apartments

Market Village Apartments

Rosa B

Ellis Apartments

The Ceeley

Modera Beaverton

Oak Street Lofts

Aria

Twelve Mile Crossing

The Oliveen

Terra Lofts Apartments & Townhomes

Commons on the Tualatin River

Axletree Apartments - City Vibes, Small To...

Heather Lodge Apartments

Hudson West

5 Points Apartments

West End District

Westline

Pacific Ridge Apartments

The Wes

The Ridge at Bella Vista

Rock Creek Ridge

Eagle Ridge on 242

River Ridge Apartments

Navalia

The 72nd Apartments

The Landing at Vancouver

The Jefferson Apartments

Adera

Trio Pointe

Broadstone Riva

The Elwood

Aeon

Arcadia by Alta

Jens Pointe

The Miller

Columbia at the Waterfront

Acero Jensen Park

Sonder Fields

Meritum Evergreen
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 | $1,425 | $507 | $8,917 |
Portland 1 Bedroom Apartments | $1,856 | $506 | $10,000+ |
Portland 2 Bedroom Apartments | $2,283 | $507 | $10,000+ |
Portland 3 Bedroom Apartments | $2,614 | $507 | $10,000+ |
Portland 4 Bedroom Apartments | $2,806 | $1,810 | $4,897 |
Portland 5 Bedroom Apartments | $5,798 | $2,975 | $10,000+ |
Explore Portland
Getting Around Portland, OR
Walk Score®
75 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
85 / 100
Very Bikeable
Biking is convenient for most trips
Transit Score®
54 / 100
Good Transit
Many nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 Dekum Court which is listed at $506, while the average apartment in Portland costs $2,745.
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 6,922 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 $425 which is $2,320 cheaper than the average rent for all rentals in Portland.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.