
Cheap Apartments for Rent in Portland, OR from $500 with Washer/Dryer (848 Rentals) Page 2 of 17
Search the lowest-cost Apartments available for rent right now in Portland.


Evergreen Park

The Lower Burnside Lofts

The Morgan

Traditions at Hazelwood

The Strauss on Burnside

The Robert

The Matisse

Rivage
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.

Cook Street

Bridgeton Apartments

Q21

20 Pettygrove

Bethany Meadows

Village at Washington Square

North Hollow

Northpointe

The Century

Cornell Manor
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

Little King

1480 N Jarrett St

Capitol Park

The Margot

Laurel 42

Grand Belmont

Honeyman Hardware Lofts

The Roux

Hidden Oaks Apartments

Multnomah Station

38 Davis

Prescott

Goat Blocks

Martin

The Marilyn

DOCK 59 APARTMENTS

linc245 Apartments

Slabtown Square

Marvel 29

Anthem PDX

The Dylan

Sandstone Manor

Stafford Apartments

Denizen OR

Storyline

The George Besaw

Maestro

Sky3
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 | $1,344 | $619 | $6,493 |
| Portland 1 Bedroom Apartments | $1,750 | $698 | $7,200 |
| Portland 2 Bedroom Apartments | $2,096 | $668 | $9,214 |
| Portland 3 Bedroom Apartments | $2,505 | $765 | $10,000+ |
| Portland 4 Bedroom Apartments | $4,937 | $1,902 | $10,000+ |
| Portland 5 Bedroom Apartments | $7,374 | $2,995 | $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 Las Adelitas which is listed at $698, while the average apartment in Portland costs $3,565.
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 8,780 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 $453 which is $3,112 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.
Articles, How-To's, and Tips

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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.


