Cheap Apartments for Rent in Portland, OR from $500 (1,920 Rentals) Page 3 of 39
Search the lowest-cost Apartments available for rent right now in Portland.

Westfal Apartments

SAGEWOOD ESTATES

Midtown West Apartments

Brio Flats

Shift

Tabor Pointe Apartments

Medina

Slabtown Square

Sellwood Apartments

Imperial House

Halsey Street Arms Apartments

Tiller Terrace

Twenty 65 Apartments

2354-2362 SW Cactus Dr

13020 SE Foster Rd

Hassalo on Eighth

Bridgeview Apartments

Mayfield Court Apartments

Oro Apartments

St. Francis Park

414 SE 133rd Ave

7437 N Saint Louis Ave

White Willow Apartments

Atomic Orchard Experiment

The Merrick

ArLo

Brooklyn Flats

Bridgetown Lofts

Fern Grove

The Village Coliving Community

Greenwood Village Apartments

Amanda Courts Apartments

941 NE 113th Ave

Executive 1801

311 Graham - Inclusionary Housing!

4706 NE 15th Ave

Grant Park Village

MERX Slabtown

Windsor Court Apartments

Glen East Apartments

Sawbuck

Gateway Park

Knoll West

Connery Place - Student Housing

608 SE Tacoma St
Portland, OR Local Guide

How much does it cost to rent an apartment in Portland?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Portland Studio Apartments | $1,343 | $619 | $2,735 |
| Cheap Portland 1 Bedroom Apartments | $1,751 | $698 | $7,200 |
| Cheap Portland 2 Bedroom Apartments | $2,093 | $668 | $9,214 |
| Cheap Portland 3 Bedroom Apartments | $2,551 | $765 | $10,000+ |
| Cheap Portland 4 Bedroom Apartments | $5,121 | $1,902 | $10,000+ |
| Portland 5 Bedroom Apartments | $7,984 | $4,250 | $10,000+ |
Browse Top Apartments in Portland
See all Apartments in PortlandExplore 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 $799.
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 $3,543.
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 8,844 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 $473 which is $3,070 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

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.

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!




