New Apartments for Rent in Portland, OR Under $5,300 (536 Rentals) Page 2 of 11

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Revere
Rent Specials
$1,499 - $4,903
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$1,499 - $4,903

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Built in 2019Studio to 2 Bedroom Apartments Available Now

Revere

3309 N Mississippi AvePortland, OR 97227
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Ella
Rent Specials
$1,499 - $10,000
Total Monthly Price

Total Monthly Price

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$1,499 - $10,000

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Built in 2016Studio to 2 Bedroom Apartments Available May 8

Ella

3833 SW Bond AvePortland, OR 97239
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Denizen OR
Rent Specials
$1,486 - $2,927
Total Monthly Price

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Base Rent
$1,486 - $2,927

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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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Multnomah Station
$1,474 - $2,945
Total Monthly Price

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$1,474 - $2,945

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Built in 2020Studio to 3 Bedroom Apartments Available Now

Multnomah Station

7661 SW Capitol HwyPortland, OR 97219
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Dianne
Rent Specials
$1,466 - $3,521
Total Monthly Price

Total Monthly Price

Base Rent
$1,466 - $3,521

Total Monthly Price
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Built in 2018Studio to 2 Bedroom Apartments Available Now

Dianne

535 NW 11th AvePortland, OR 97209
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Akoya
Rent Specials
$1,456 - $10,000
Total Monthly Price

Total Monthly Price

Base Rent
$1,456 - $10,000

Total Monthly Price
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Built in 2020Studio to 2 Bedroom Apartments Available Now

Akoya

1430 NW Hoyt 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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Yard
Rent Specials
$1,451 - $2,935
Total Monthly Price

Total Monthly Price

Base Rent
$1,451 - $2,935

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 Century
Rent Specials
$1,430 - $1,510
Total Monthly Price

Total Monthly Price

Base Rent
$1,430 - $1,510

Total Monthly Price
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Built in 2016Studio to 1 Bedroom Apartments Available Now

The Century

3270 N Vancouver AvePortland, OR 97227
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The Olivia
Rent Specials
$1,425 - $2,496
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Total Monthly Price

Base Rent
$1,425 - $2,496

Total Monthly Price
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Built in 20231 Bedroom Apartments Available Now

The Olivia

3850 S Bond AvePortland, OR 97239
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Portland Astoria
Rent Specials
$1,410 - $6,202
Total Monthly Price

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Base Rent
$1,410 - $6,202

Total Monthly Price
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Built in 2021Studio to 2 Bedroom Apartments Available Now

Portland Astoria

140 SW Columbia StPortland, OR 97201
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The Frankie
Rent Specials
$1,410 - $4,035
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Total Monthly Price

Base Rent
$1,410 - $4,035

Total Monthly Price
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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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Slabtown Flats
Rent Specials
$1,409 - $2,810
Total Monthly Price

Total Monthly Price

Base Rent
$1,409 - $2,810

Total Monthly Price
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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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Heirloom
Rent Specials
$1,399 - $2,729
Total Monthly Price

Total Monthly Price

Base Rent
$1,399 - $2,729

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Built in 20211 to 3 Bedroom Apartments Available Now

Heirloom

7900 SE Luther RdPortland, OR 97206
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Storyline
Rent Specials
$1,399 - $7,347
Total Monthly Price

Total Monthly Price

Base Rent
$1,399 - $7,347

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Built in 2018Studio to 2 Bedroom Apartments Available Now

Storyline

1177 SW Market StPortland, OR 97201
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230 Ash
Rent Specials
$1,395 - $2,085
Total Monthly Price

Total Monthly Price

Base Rent
$1,395 - $2,085

Total Monthly Price
Varies
Built in 2019Studio to 1 Bedroom Apartments Available Now

230 Ash

230 SW Ash StPortland, OR 97204
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Solace
Rent Specials
$1,387 - $2,643
Total Monthly Price

Total Monthly Price

Base Rent
$1,387 - $2,643

Total Monthly Price
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Built in 2020Studio to 2 Bedroom Apartments Available Now

Solace

3956 N Vancouver AvePortland, OR 97227
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KADO NW
Rent Specials
$1,369 - $10,000
Total Monthly Price

Total Monthly Price

Base Rent
$1,369 - $10,000

Total Monthly Price
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Built in 2020Studio to 3 Bedroom Apartments Available Now

KADO NW

1378 NW 18th AvePortland, OR 97209
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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 $2,021.

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 $1,602 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 527 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 A Portland Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent article

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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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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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.

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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.