New Apartments for Rent in Portland, OR Under $2,000 (537 Rentals)

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The Payton
$1,963 - $3,857

Total Monthly Price

Base Rent$1,963 - $3,857
Total Monthly PriceVaries
Built in 20191 to 2 Bedroom Apartments Available Now

The Payton

2020 NE Multnomah StPortland, OR 97232
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Willamette Tower
$1,955 - $8,253

Total Monthly Price

Base Rent$1,955 - $8,253
Total Monthly PriceVaries
Built in 20231 to 3 Bedroom Apartments Available Now

Willamette Tower

3820 S River PkyPortland, OR 97267
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NV Apartments
Rent Specials
$1,911 - $4,640

Total Monthly Price

Base Rent$1,911 - $4,640
Total Monthly PriceVaries
Built in 20161 to 2 Bedroom Apartments Available Now

NV Apartments

1261 NW Overton StPortland, OR 97209
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Slabtown Flats
Rent Specials
$1,860 - $2,910

Total Monthly Price

Base Rent$1,860 - $2,910
Total Monthly PriceVaries
Built in 2018Studio to 2 Bedroom Apartments Available Now

Slabtown Flats

1885 NW Quimby StPortland, OR 97209
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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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Denizen OR
Rent Specials
$1,743 - $3,245

Total Monthly Price

Base Rent$1,743 - $3,245
Total Monthly PriceVaries
Built in 2020Studio to 2 Bedroom Apartments Available Now

Denizen OR

2050 NE Hoyt StPortland, OR 97232
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Byline Apartments
Rent Specials
$1,710 - $8,630

Total Monthly Price

Base Rent$1,710 - $8,630
Total Monthly PriceVaries
Built in 2025Studio to 2 Bedroom Apartments Available Now

Byline Apartments

1640 SW Yamhill StPortland, OR 97205
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The Olivia
Rent Specials
$1,704 - $3,122

Total Monthly Price

Base Rent$1,704 - $3,122
Total Monthly PriceVaries
Built in 20231 Bedroom Apartments Available Now

The Olivia

3850 S Bond AvePortland, OR 97239
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How Commercial-to-Residential Property Conversions Help the Housing Crisis

Explore the rise of commercial-to-residential conversions. Learn how repurposing vacant office space helps solve the affordable housing shortage.

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The Fitz
Rent Specials
$1,650 - $2,887

Total Monthly Price

Base Rent$1,650 - $2,887
Total Monthly PriceVaries
Built in 20211 to 2 Bedroom Apartments Available Now

The Fitz

1905 NW 23rd AvePortland, OR 97210
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The Canyons
Rent Specials
$1,625 - $2,375

Total Monthly Price

Base Rent$1,625 - $2,375
Total Monthly PriceVaries
Built in 2020Studio to 2 Bedroom Apartments Available Now

The Canyons

3450 N Williams AvePortland, OR 97227
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Lakemont Ridge
Rent Specials
$1,625 - $2,650

Total Monthly Price

Base Rent$1,625 - $2,650
Total Monthly PriceVaries
Built in 20201 to 3 Bedroom Apartments Available Now

Lakemont Ridge

7128 NW 159th AvePortland, OR 97229
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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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Revere
Rent Specials
$1,575 - $7,446

Total Monthly Price

Base Rent$1,575 - $7,446
Total Monthly PriceVaries
Built in 2019Studio to 2 Bedroom Apartments Available Now

Revere

3309 N Mississippi AvePortland, OR 97227
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Portland Astoria
Rent Specials
$1,565 - $5,118

Total Monthly Price

Base Rent$1,565 - $5,118
Total Monthly PriceVaries
Built in 2021Studio to 2 Bedroom Apartments Available Now

Portland Astoria

140 SW Columbia StPortland, OR 97201
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5MLK
Rent Specials
$1,558 - $6,154

Total Monthly Price

Base Rent$1,558 - $6,154
Total Monthly PriceVaries
Built in 2020Studio to 2 Bedroom Apartments Available Now

5MLK

5 SE Martin Luther King Jr BlvdPortland, OR 97214
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The Gabe
Rent Specials
$1,549 - $4,995

Total Monthly Price

Base Rent$1,549 - $4,995
Total Monthly PriceVaries
Built in 2024Studio to 3 Bedroom Apartments Available Now

The Gabe

4525 SW California StPortland, OR 97219
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Dianne
Rent Specials
$1,542 - $3,660

Total Monthly Price

Base Rent$1,542 - $3,660
Total Monthly PriceVaries
Built in 2018Studio to 2 Bedroom Apartments Available Now

Dianne

535 NW 11th AvePortland, OR 97209
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Annex at Bridgeton
Rent Specials
$1,525 - $2,275

Total Monthly Price

Base Rent$1,525 - $2,275
Total Monthly PriceVaries
Built in 2024Studio to 2 Bedroom Apartments Available Now

Annex at Bridgeton

1245 N Anchor WayPortland, OR 97217
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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Looking for the perfect new rental? Learn great ways to spot the perfect apartment for you, identify common red flags, and avoid rental issues and scams with these expert provided actionable tips.

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Q21
Rent Specials
$1,510 - $3,282

Total Monthly Price

Base Rent$1,510 - $3,282
Total Monthly PriceVaries
Built in 2017Studio to 3 Bedroom Apartments Available Oct 8

Q21

2112 NW Quimby StPortland, OR 97210
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Hollis
Rent Specials
$1,491 - $6,428

Total Monthly Price

Base Rent$1,491 - $6,428
Total Monthly PriceVaries
Built in 2020Studio to 2 Bedroom Apartments Available Now

Hollis

1625 SW Alder StPortland, OR 97205
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First Apartment Regrets: Real Renters Share What They'd Do Differently

Your first apartment comes with a learning curve nobody warns you about. Hear from real renters who've been there and get the advice they wish someone had given them on day one.

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Showing Results 1-50, Page 1 of 11

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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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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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!

Explore Portland, OR Rentals by Map

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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 $2,098.

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 $1,726 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 529 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

decorative image for From Arts to Eats: A Local Insider's Guide to Living in Portland's Best Spots article

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.

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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.

decorative image for Local Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Portland article

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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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

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How Commercial-to-Residential Property Conversions Help the Housing Crisis

Written by: Robin Stewart

Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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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.