New Apartments for Rent in Portland, OR Under $1,500 (348 Rentals)

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ART Tower
Rent Specials
$1,489 - $7,570
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$1,489 - $7,570

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Built in 20221 to 3 Bedroom Apartments Available Now

ART Tower

1510 SW Alder StPortland, OR 97205
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Denizen OR
Rent Specials
$1,461 - $2,588
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$1,461 - $2,588

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Built in 2020Studio to 2 Bedroom Apartments Available Now

Denizen OR

2050 NE Hoyt StPortland, OR 97232
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Amara
Rent Specials
$1,460 - $4,708
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Total Monthly Price

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$1,460 - $4,708

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Built in 2021Studio to 3 Bedroom Apartments Available Now

Amara

15 NW Park AvePortland, OR 97209
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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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The Wilmore
$1,459 - $1,824
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$1,459 - $1,824

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Built in 2016Studio to 2 Bedroom Apartments Available Now

The Wilmore

4312-4327 N Williams AvePortland, OR 97217
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Ella
Rent Specials
$1,458 - $10,000
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$1,458 - $10,000

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Built in 2016Studio to 2 Bedroom Apartments Available Now

Ella

3833 SW Bond AvePortland, OR 97239
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Sky3
Rent Specials
$1,450 - $3,998
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$1,450 - $3,998

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Built in 2016Studio to 2 Bedroom Apartments Available Now

Sky3

1221 SW 11th AvePortland, OR 97205
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The Century
Rent Specials
$1,430 - $2,351
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$1,430 - $2,351

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Built in 20161 to 2 Bedroom Apartments Available Now

The Century

3270 N Vancouver AvePortland, OR 97227
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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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The George Besaw
Rent Specials
$1,399 - $1,568
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$1,399 - $1,568

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Built in 2018Studio Apartments Available Now

The George Besaw

2323 NW Savier StPortland, OR 97210
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Prose Hayden Island
Rent Specials
$1,396 - $2,674
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$1,396 - $2,674

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Built in 20231 to 2 Bedroom Apartments Available Now

Prose Hayden Island

110 N Tomahawk Island DrPortland, OR 97217
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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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Revere
Rent Specials
$1,389 - $8,642
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$1,389 - $8,642

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Built in 2019Studio to 2 Bedroom Apartments Available Now

Revere

3309 N Mississippi AvePortland, OR 97227
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Hollis
Rent Specials
$1,384 - $2,381
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$1,384 - $2,381

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Built in 2020Studio to 2 Bedroom Apartments Available Now

Hollis

1625 SW Alder StPortland, OR 97205
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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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Harbor Sky
$1,375 - $3,150
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$1,375 - $3,150

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Built in 2020Studio to 2 Bedroom Apartments Available Now

Harbor Sky

1055 N Anchor WayPortland, OR 97217
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Akoya
Rent Specials
$1,372 - $10,000
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$1,372 - $10,000

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Built in 2020Studio to 2 Bedroom Apartments Available Now

Akoya

1430 NW Hoyt StPortland, OR 97209
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Solace
Rent Specials
$1,365 - $3,462
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Base Rent
$1,365 - $3,462

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Built in 2020Studio to 2 Bedroom Apartments Available Now

Solace

3956 N Vancouver AvePortland, OR 97227
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230 Ash
Rent Specials
$1,360 - $1,949
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$1,360 - $1,949

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Built in 2019Studio to 1 Bedroom Apartments Available Now

230 Ash

230 SW Ash StPortland, OR 97204
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  • Low Income
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Sanctuary
Rent Specials
$1,360 - $2,772
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$1,360 - $2,772

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Built in 2017Studio to 2 Bedroom Apartments Available Now

Sanctuary

4940 S Landing DrPortland, OR 97239
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Multnomah Station
$1,359 - $2,945
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$1,359 - $2,945

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Built in 2020Studio to 2 Bedroom Apartments Available Now

Multnomah Station

7661 SW Capitol HwyPortland, OR 97219
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Slabtown Flats
Rent Specials
$1,355 - $2,810
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$1,355 - $2,810

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Built in 2018Studio to 2 Bedroom Apartments Available Now

Slabtown Flats

1885 NW Quimby StPortland, OR 97209
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Yard
Rent Specials
$1,351 - $2,560
Total Monthly Price

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Base Rent
$1,351 - $2,560

Total Monthly Price
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Built in 2016Studio to 2 Bedroom Apartments Available Now

Yard

22 NE 2nd AvePortland, OR 97232
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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

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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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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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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Quick 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.

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

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Frequently Asked Questions about New Portland Apartments

What is the Cheapest New apartment in Portland?

Currently the most affordable New Apartment in Portland is at The Vera listed at $470.

How much is the average rent for a New Portland Apartment?

The average rent for a New Apartment in Portland is $2,051.

What is the largest New Portland Apartment for rent?

Today's New apartment with the most square footage in Portland is a 3,727 square feet unit starting from $1,772 at Residences at 11W.

What is the average size for Portland New Apartments for rent?

The average size for a New rental in Portland is currently at 537 sq ft.

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

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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.

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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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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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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

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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.

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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.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.