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$1,495Built in 20251 Bedroom Apartments Contact Us For Availability
Powell Heights
3320 SE 90th PlPortland, OR 97266
New Apartments for Rent in Portland, OR Under $5,000 (536 Rentals) Page 2 of 11
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$1,484 - $6,186
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Built in 20221 to 3 Bedroom Apartments Available NowTotal Monthly Price
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$1,484 - $6,186
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Alta Art Tower
1510 SW Alder StPortland, OR 97205
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$1,482 - $1,572Built in 20241 to 2 Bedroom Apartments Available Apr 19
Powellhurst Place
5416 SE 122nd AvePortland, OR 97236
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Rent Specials
$1,480 - $2,538Built in 2018Studio to 2 Bedroom Apartments Contact Us For Availability
Álmr
2112 NW Irving StPortland, OR 97210
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Rent Specials
$1,475Built in 20181 Bedroom Apartments Available Now
Savona Apartments
4620 N Maryland AvePortland, OR 97217
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$1,474 - $2,945
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Built in 2020Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
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$1,474 - $2,945
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Multnomah Station
7661 SW Capitol HwyPortland, OR 97219
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$1,467 - $2,899Built in 2020Studio to 2 Bedroom Apartments Available Now
Solace
3956 N Vancouver AvePortland, OR 97227
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Rent Specials
$1,466 - $2,613
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Built in 2020Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,466 - $2,613
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Denizen OR
2050 NE Hoyt StPortland, OR 97232
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Rent Specials
$1,450 - $1,700Built in 20202 Bedroom Apartments Available Now
Sherman Villa
2306 SE 158th AvePortland, OR 97233
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$1,450 - $2,345Built in 2018Studio to 2 Bedroom Apartments Available Now
The Celine
2330 NW Raleigh StPortland, OR 97210
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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Rent Specials
$1,450 - $2,500Built in 2024Studio to 1 Bedroom Apartments Available Now
The Buckley at Lents
9224 SE Ramona StPortland, OR 97266
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Rent Specials
$1,449 - $3,150
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Built in 2025Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,449 - $3,150
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Holloway
2050 Northeast Pacific StreetPortland, OR 97232
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Rent Specials
$1,446 - $2,959Built in 20161 to 2 Bedroom Apartments Available Now
Osprey
3750 S River PkyPortland, OR 97239
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Rent Specials
$1,444 - $4,951
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Built in 2018Studio to 2 Bedroom Apartments Available Apr 7Total Monthly Price
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$1,444 - $4,951
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Storyline
1177 SW Market StPortland, OR 97201
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Rent Specials
$1,442 - $3,953Built in 2016Studio to 2 Bedroom Apartments Available Now
Park Avenue West
750 SW 9th AvePortland, OR 97205
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$1,440 - $1,875Built in 20251 to 3 Bedroom Apartments Available Now
Terracina Vista
16503 E Burnside StPortland, OR 97233
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$1,439 - $1,599Built in 20201 to 2 Bedroom Apartments Available Now
M63
6310 N Maryland AvePortland, OR 97217
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Rent Specials
$1,437 - $5,387
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Built in 2021Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
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$1,437 - $5,387
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Amara
15 NW Park AvePortland, OR 97209
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Rent Specials
$1,435 - $2,085Built in 2019Studio to 1 Bedroom Apartments Available Now
230 Ash
230 SW Ash StPortland, OR 97204
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$1,430 - $1,999
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Built in 2016Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,430 - $1,999
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The Century
3270 N Vancouver AvePortland, OR 97227
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$1,425 - $2,925Built in 2024Studio to 2 Bedroom Apartments Available Now
Memoir Buckman
1010 SE Ash StPortland, OR 97232
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Rent Specials
$1,425 - $3,238
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Built in 20231 Bedroom Apartments Available NowTotal Monthly Price
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$1,425 - $3,238
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The Olivia
3850 S Bond AvePortland, OR 97239
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$1,425 - $2,795Built in 2021Studio to 2 Bedroom Apartments Available Now
Marquam Heights
3158 SW 12th AvePortland, OR 97239
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Rent Specials
$1,410 - $4,035
Total Monthly Price
Built in 2024Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
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$1,410 - $4,035
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The Frankie
3260 SE Milwaukie AvePortland, OR 97202
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$1,400
Total Monthly Price
Built in 20201 Bedroom Apartment Available NowTotal Monthly Price
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$1,400
Total Monthly Price
$1,400
1627 N Farragut St, Unit Apt B.
1627 N Farragut StPortland, OR 97217
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Rent Specials
$1,400 - $1,900Built in 2022Studio to 1 Bedroom Apartments Available Now
Central Lofts
7373 N Philadelphia AvePortland, OR 97203
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Rent Specials
$1,400Built in 20161 Bedroom Apartments Contact Us For Availability
Ellis Flats
4525 N Albina AvePortland, OR 97217
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Rent Specials
$1,400 - $5,989
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Built in 2021Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,400 - $5,989
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Portland Astoria
140 SW Columbia StPortland, OR 97201
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$1,399 - $3,937
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Built in 2016Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,399 - $3,937
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Sky3
1221 SW 11th AvePortland, OR 97205
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$1,399 - $2,800
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Built in 2018Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,389 - $2,790
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Slabtown Flats
1885 NW Quimby StPortland, OR 97209
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$1,399 - $1,950
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Built in 20181 to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,280 - $1,831
Required Monthly Fees
$119
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$1,399 - $1,950
Hollywood 12
1728 NE 45th AvePortland, OR 97213
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$1,395 - $1,625Built in 20251 Bedroom Apartments Available Now
Ella PDX
4915 N Vancouver AvePortland, OR 97217
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Rent Specials
$1,379 - $5,869
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Built in 2018Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,379 - $5,869
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The Rodney
1470 NW Glisan StPortland, OR 97209
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$1,375 - $1,650Built in 20171 to 2 Bedroom Apartments Available Now
Yamhill Firs Apartments
19025 SE Yamhill StPortland, OR 97233
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$1,375 - $2,993
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Built in 2017Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,375 - $2,993
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Couch9
135 NW 9th AvePortland, OR 97209
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$1,374 - $3,453
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Built in 2018Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,374 - $3,453
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Tempo PDX
80 NE 14th AvePortland, OR 97232
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$1,359 - $5,086
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Built in 2018Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,359 - $5,086
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North Hollow
1551 SW Taylor StPortland, OR 97205
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$1,355 - $2,580Built in 2017Studio to 2 Bedroom Apartments Available Now
Bridgetown Lofts
1850 NW Front AvePortland, OR 97209
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$1,355 - $1,905Built in 2018Studio to 2 Bedroom Apartments Available Now
Hygge
620 NE 20th AvePortland, OR 97232
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Rent Specials
$1,355 - $3,521
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Built in 2018Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,355 - $3,521
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Dianne
535 NW 11th AvePortland, OR 97209
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$1,355 - $2,145Built in 2019Studio to 2 Bedroom Apartments Available Now
Cadence
2005 N Williams AvePortland, OR 97227
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Rent Specials
$1,355 - $2,325Built in 2022Studio to 2 Bedroom Apartments Available Now
Skylar Grand
465 NE Davis StPortland, OR 97232
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Rent Specials
$1,354 - $10,000
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Built in 2020Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
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$1,354 - $10,000
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KADO NW
1378 NW 18th AvePortland, OR 97209
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$1,350 - $1,995Built in 2018Studio to 1 Bedroom Apartments Contact Us For Availability
The Marilyn
2390 SE Hawthorne BlvdPortland, OR 97214
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$1,350Built in 20191 Bedroom Apartments Contact Us For Availability
54 Woodstock
5419 SE Woodstock BlvdPortland, OR 97206
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$1,350Built in 20201 Bedroom Apartments Contact Us For Availability
Kaya Camilla
5510 N Denver AvePortland, OR 97217
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Rent Specials
$1,349 - $1,960Built in 2024Studio to 2 Bedroom Apartments Available Now
The Weidler
1784 NW Northrup StPortland, OR 97209
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Rent Specials
$1,349 - $1,599Built in 2019Studio to 1 Bedroom Apartments Available Now
BD52
6615 SE 52nd AvePortland, OR 97206
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Rent Specials
$1,342 - $5,819Built in 2016Studio to 2 Bedroom Apartments Available Now
Peloton
4141 N Williams AvePortland, OR 97217
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Rent Specials
$1,340 - $3,243Built in 2016Studio to 2 Bedroom Apartments Available Now
Rivage
2220 NW Front AvePortland, OR 97209
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 | $1,330 | $500 | $5,607 |
| Portland 1 Bedroom Apartments | $1,739 | $650 | $6,675 |
| Portland 2 Bedroom Apartments | $2,085 | $837 | $8,930 |
| Portland 3 Bedroom Apartments | $2,545 | $842 | $10,000+ |
| Portland 4 Bedroom Apartments | $5,557 | $1,902 | $10,000+ |
| Portland 5 Bedroom Apartments | $8,597 | $3,000 | $10,000+ |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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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 Waterleaf listed at $480.
How much is the average rent for a New Portland Apartment?
The average rent for a New Apartment in Portland is $2,043.
What is the largest New Portland Apartment for rent?
Today's New apartment with the most square footage in Portland is a 2,611 square feet unit starting from $1,900 at Willamette Tower.
What is the average size for Portland New Apartments for rent?
The average size for a New rental in Portland is currently at 531 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
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.
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.
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.
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
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.