New Apartments for Rent in Portland, OR Under $2,000 (509 Rentals)

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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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The Canyons
Rent Specials
$1,675 - $2,280
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Total Monthly Price

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$1,675 - $2,280
Total Monthly Price
$1,675 - $2,280
Built in 2020Studio to 2 Bedroom Apartments Available Now

The Canyons

3450 N Williams AvePortland, OR 97227
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Slate Apartments
Rent Specials
$1,675 - $2,575
Total Monthly Price

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$1,675 - $2,575
Total Monthly Price
$1,675 - $2,575
Built in 20161 to 2 Bedroom Apartments Available Now

Slate Apartments

124 NE 3rd AvePortland, OR 97232
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The Fitz
Rent Specials
$1,639 - $2,875
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$1,639 - $2,875
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Built in 20211 to 2 Bedroom Apartments Available Now

The Fitz

1905 NW 23rd AvePortland, OR 97210
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ART Tower
Rent Specials
$1,622 - $8,530
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$1,622 - $8,530
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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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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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Lakemont Ridge
Rent Specials
$1,599 - $2,650
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$1,599 - $2,650
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Built in 20201 to 3 Bedroom Apartments Available Now

Lakemont Ridge

7128 NW 159th AvePortland, OR 97229
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NV Apartments
$1,589 - $3,405
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$1,589 - $3,405
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Built in 20161 to 2 Bedroom Apartments Available Now

NV Apartments

1261 NW Overton StPortland, OR 97209
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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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The Frankie
Rent Specials
$1,542 - $4,035
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$1,542 - $4,035
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Built in 2024Studio to 3 Bedroom Apartments Available Now

The Frankie

3260 SE Milwaukie AvePortland, OR 97202
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Dianne
Rent Specials
$1,542 - $3,521
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$1,542 - $3,521
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Built in 2018Studio to 2 Bedroom Apartments Available Now

Dianne

535 NW 11th AvePortland, OR 97209
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North Hollow
Rent Specials
$1,536 - $3,614
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$1,536 - $3,614
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Built in 2018Studio to 2 Bedroom Apartments Available Now

North Hollow

1551 SW Taylor StPortland, OR 97205
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Heirloom
$1,531 - $2,534
Total Monthly Price

Total Monthly Price

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$1,531 - $2,534
Total Monthly Price
$1,531 - $2,534
Built in 20211 to 3 Bedroom Apartments Available Now

Heirloom

7900 SE Luther RdPortland, OR 97206
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The Gabe
Rent Specials
$1,515 - $2,319
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$1,515 - $2,319
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Built in 2024Studio to 3 Bedroom Apartments Available Now

The Gabe

4525 SW California StPortland, OR 97219
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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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The George Besaw
$1,510 - $1,599
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$1,510 - $1,599
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Built in 2018Studio Apartments Available Aug 5

The George Besaw

2323 NW Savier StPortland, OR 97210
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Akoya
Rent Specials
$1,504 - $10,000
Total Monthly Price

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Base Rent
$1,504 - $10,000
Total Monthly Price
$1,504 - $10,000
Built in 2020Studio to 2 Bedroom Apartments Available Now

Akoya

1430 NW Hoyt StPortland, OR 97209
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The Payton
$1,499 - $4,600
Total Monthly Price

Total Monthly Price

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$1,499 - $4,600
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Built in 2019Studio to 2 Bedroom Apartments Available Now

The Payton

2020 NE Multnomah StPortland, OR 97232
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13643 E Burnside St, Unit 13643
$1,495
Total Monthly Price

Total Monthly Price

Base Rent
$1,495
Total Monthly Price
$1,495
Built in 20172 Bedroom Apartment Available Aug 8

13643 E Burnside St, Unit 13643

13643 E Burnside StPortland, OR 97233
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Northpointe
Rent Specials
$1,487 - $4,018
Total Monthly Price

Total Monthly Price

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$1,487 - $4,018
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Built in 2019Studio to 2 Bedroom Apartments Available Now

Northpointe

1314 N Skidmore StPortland, OR 97217
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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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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!

Explore Portland, OR Rentals by Map

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See the most popular apartments and homes in Portland, OR

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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 $2,046.

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 $1,786 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 540 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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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.

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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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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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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.

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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.