Cheap Short Term Lease Apartments for Rent in Portland, OR from $470 (95 Rentals)

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Short Term Rental Options.

Cheap Apartments in Portland.

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Park Plaza
$1,038 - $2,426

Total Monthly Price

Base Rent$1,038 - $2,426
Total Monthly PriceVaries
Studio to 2 Bedroom Apartments Available Now

Park Plaza

1969 SW Park AvePortland, OR 97201
Corporate Housing
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  • 3D Tour

From Arts to Eats: A Local Insider's Guide to Living in Portland's Best Spots

Discover the true heart of Portland, Oregon, with this local expert's guide. Explore the city's unique history, from the coin toss that named it to its "Keep Portland Weird" culture, and get an insider look at its most notable neighborhoods and internationally recognized food scene.

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Tanner Flats
Rent Specials
$1,299 - $4,143

Total Monthly Price

Base Rent$1,299 - $4,143
Total Monthly PriceVaries
Studio to 2 Bedroom Apartments Available Now

Tanner Flats

2004 SW Jefferson StPortland, OR 97201
Student Housing
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  • Customer Reviewed
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Sanctuary
Rent Specials
$1,355 - $2,414

Total Monthly Price

Base Rent$1,355 - $2,414
Total Monthly PriceVaries
Studio to 2 Bedroom Apartments Available Now

Sanctuary

4940 S Landing DrPortland, OR 97239
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Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Sky3
Rent Specials
$1,399 - $4,349

Total Monthly Price

Base Rent$1,399 - $4,349
Total Monthly PriceVaries
Studio to 2 Bedroom Apartments Available Now

Sky3

1221 SW 11th AvePortland, OR 97205
Corporate Housing
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  • Low Income

Portland’s Best Affordable Neighborhoods

Learn about Portland and the best places to live with original content written by our Portland, OR Local Expert Chad Deitchley

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Goose Hollow Lofts
1 to 2 Bedroom Apartments

Goose Hollow Lofts

1450 SW Jefferson StPortland, OR 97201
Corporate Housing
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The Amy
Studio to 1 Bedroom Apartments

The Amy

2031 SW 10th AvePortland, OR 97201
Student Housing
  • Utilities Included
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Timber Terrace
1 to 2 Bedroom Apartments

Timber Terrace

8332 SW 21st StPortland, OR 97219
Corporate Housing
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Britney Forest Apartments
1 to 2 Bedroom Apartments

Britney Forest Apartments

3904-4014 SE 39th AvePortland, OR 97202
Corporate Housing
  • Utilities Included
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Carolyn Court Apartments
1 to 2 Bedroom Apartments

Carolyn Court Apartments

5205-5231 E Burnside StPortland, OR 97215
Corporate Housing
  • Utilities Included
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650 SW Sherman St
Studio to 1 Bedroom Apartments

650 SW Sherman St

650 SW Sherman StPortland, OR 97201
  • Utilities Included
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Wheel House Lofts
Studio to 1 Bedroom Apartments

Wheel House Lofts

8130 SE 6th AvePortland, OR 97202

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Portland, OR Local Guide

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

Balance work and life in Portland. Explore the neighborhoods for renting that offer great amenities and quick commutes to the city's top major employers. Find your Portland apartment today!

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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A Local Experts Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Portland

A Local Experts guide to the Best Student Friendly Neighborhoods Near Colleges in the Portland area. Find your perfect Student apartment, condo, or rental home today

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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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 $800.

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 $1,725.

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 7,787 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 $436 which is $1,289 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 From Arts to Eats: A Local Insider's Guide to Living in Portland's Best Spots article

From Arts to Eats: A Local Insider's 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.

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.

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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.

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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.

Articles, How-To's, and Tips

decorative image for Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My! article

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.