
Apartments for Rent in Portland, OR Under $1,500 (1,611 Rentals)


Lake Village and Lakewood Apartments

Sherman Villa

Griffin Court

LuDon Luradel

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1314 NW Irving St, Unit Apt 607

ReNew at Cornell

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Holloway

East of Eleven

Kearney Plaza
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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Multnomah Station

The Hawthorne

Sunnyside Park Apartments

Lair Hill Apartments

Rogers Plaza

MF 16 - N. Sumner

Gateway Crossing

Skidmore Apartments

Raleigh Court Apartments

Beverly Grove Apartments
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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822 N Killingsworth St, Unit #303

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2910 SE Gladstone St, Unit 3

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Gilhurst Apartments

Meetinghouse

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The Wilmore

Ascot 146 Apartments

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Hollywood Towne House

Peloton

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630 SE 182nd Ave, Unit 4

Powellhurst Place
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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Prescott

Shadow Hills

Altamont Summit Apartment Homes

Marvel 29

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The Linden

Wilson Townhomes

Oak Hill Apartments

Deveraux Glen

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Aspire Columbia Ridge

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Slabtown Flats
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.

Holm at Sellwood

Sheri-Hill Apartments

Carrington Square

Harrison Square Apartments

Irvington Apartments

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The Enclave

Clackamas Trails Apartments

Cornerstone Apartments

5636 SE Ogden St, Unit B

Ramona Apartments
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
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 Under $1500 | $1,373 | $470 | $9,113 |
| Portland 1 Bedroom Apartments Under $1500 | $1,741 | $698 | $7,290 |
| Portland 2 Bedroom Apartments Under $1500 | $2,089 | $837 | $10,000+ |
| Portland 3 Bedroom Apartments Under $1500 | $2,474 | $1,458 | $10,000+ |
| Portland 4 Bedroom Apartments Under $1500 | $5,699 | $1,902 | $10,000+ |
| Portland 5 Bedroom Apartments | $8,201 | $5,098 | $10,000+ |
Browse Top Apartments in Portland
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Portland, OR Local Guide
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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!
Read ArticleA 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
Read ArticleReal 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.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Portland, OR Rentals by Map
See the most popular apartments and homes in Portland, OR
Frequently Asked Questions about Portland
How much are Studio apartments in Portland?
There are currently 2,815 Studio Apartments in Portland with rent ranges from $470 to $9,113 with an average price of $1,373.
What is the current price range for One Bedroom Portland Apartments for rent?
Today's rental pricing for One Bedroom Apartments in Portland ranges from $698 to $7,290 with an average monthly rent of $1,741.
What does renting a Two Bedroom Apartment in Portland cost?
The monthly rent prices of Two Bedroom Apartments currently available in Portland range from $837 to $16,652. Today's average rental price for Two Bedrooms here is $2,089.
How expensive are Portland Three Bedroom Apartments?
There are currently 1,242 Three Bedroom Apartments listings available in Portland on ApartmentHomeLiving.com. The pricing ranges from $1,458 to $10,364 - averaging $2,474 for the location.
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

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.

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.

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.

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

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.

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.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.