
Top Rated Cheap Apartments for Rent in Portland, OR from $500 (512 Rentals) Page 3 of 11
Top Rated Apartments in Portland.
Cheap Apartments in Portland.


Total Monthly Price
The Douglas

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Scott Mountain

The Russell by Trion Living

Brio Flats

Total Monthly Price
Asa Flats and Lofts

BD52

Total Monthly Price
Harbor Sky

Oro Apartments

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The Rodney

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735 St. Clair

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Q21

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Portland Astoria

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Denizen OR

Raleigh Slabtown

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Holloway

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Hollis

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Modera Woodstock

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Couch9

Burnside 26

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Block 17 Apartments

The Carson

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Sawbuck

Cadence

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Indigo

Overlook 2730

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Sky3

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Northpointe

Ellis Flats

Kiln

Corbett Heights Apartments

Maestro

Tanner Flats Apartments

Total Monthly Price
The Frankie

The Sutton

9Ten North by Trion Living

Total Monthly Price
Amara

Shadow Hills

2020 Building

Hollywood Towne House Apartments

Oriel Apartments

Union

Jasper

The Weidler

Clackamas Trails Apartments

Essex House

Total Monthly Price
Hollywood 12

Kearney Plaza

Peloton

Cascade Vista
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 | $1,335 | $500 | $3,246 |
| Portland 1 Bedroom Apartments | $1,758 | $698 | $6,675 |
| Portland 2 Bedroom Apartments | $2,084 | $762 | $8,930 |
| Portland 3 Bedroom Apartments | $2,583 | $842 | $10,000+ |
| Portland 4 Bedroom Apartments | $5,828 | $1,902 | $10,000+ |
| Portland 5 Bedroom Apartments | $8,275 | $4,250 | $10,000+ |
Explore Portland
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 $3,711.
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 8,882 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 $3,275 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

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.

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.

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.

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

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.

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.

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.

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.