
New Apartments for Rent in Portland, OR Under $5,000 (530 Rentals) Page 2 of 11


Memoir Buckman

Bridgetown Lofts

Freewell

The Olivia

Portland Astoria

Heartline Apartments

Gossamer

Heirloom

Harbor Sky

56 Commons Apartments

The Hawthorne

Muse Apartments

tenin01

The Gabe

Alta Art Tower

Álmr

The Payton

Reveal Apartments

Ascot 146 Apartments

Savona Apartments

The Bluebird

Goat Blocks

Slabtown Square

Sherman Villa

Skylar Grand

Maestro

Terrace Glen Apartments

Multnomah Station

Modera Belmont

Windsor Buckman

The George Besaw

The Carson

Cook Street

The Sutton

Holm at Sellwood

Tanner Flats Apartments

The Century

Arris

Central Lofts

Steele Apartments

Overlook Park Flats

MF 14 - N Humboldt

Solace

Novus

The Cameron

Fremont St Apartments

KADO NW

Rothko
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 | $1,425 | $507 | $8,917 |
Portland 1 Bedroom Apartments | $1,856 | $506 | $10,000+ |
Portland 2 Bedroom Apartments | $2,283 | $507 | $10,000+ |
Portland 3 Bedroom Apartments | $2,614 | $507 | $10,000+ |
Portland 4 Bedroom Apartments | $2,806 | $1,810 | $4,897 |
Portland 5 Bedroom Apartments | $5,798 | $2,975 | $10,000+ |
Explore Portland
Getting Around Portland, OR
Walk Score®
75 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
85 / 100
Very Bikeable
Biking is convenient for most trips
Transit Score®
54 / 100
Good Transit
Many nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 Dekum Court listed at $506.
How much is the average rent for a New Portland Apartment?
The average rent for a New Apartment in Portland is $2,124.
What is the largest New Portland Apartment for rent?
Today's New apartment with the most square footage in Portland is a 4,000 square feet unit starting from $2,038 at Yacht Harbor Club.
What is the average size for Portland New Apartments for rent?
The average size for a New rental in Portland is currently at 536 sq ft.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.