Cheap Apartments for Rent in the Belmont Neighborhood of Portland, OR from $800 (61 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Belmont area of Portland.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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The Vintage
Studio to 2 Bedroom Apartments

The Vintage

3046-3056 NE Holladay StPortland, OR 97232
  • Utilities Included
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Del Rey Apartments
Studio to 1 Bedroom Apartments

Del Rey Apartments

2555 NE Glisan StPortland, OR 97232
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Paradise Villa
Studio to 2 Bedroom Apartments

Paradise Villa

600-610 SE 39th AvePortland, OR 97214
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3228-3240 SE Morrison St
1 to 2 Bedroom Apartments

3228-3240 SE Morrison St

3228-3240 SE Morrison StPortland, OR 97214
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Glee Apartments
Studio to 2 Bedroom Apartments

Glee Apartments

455 NE 24th AvePortland, OR 97232
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West Tabor
Studio to 2 Bedroom Apartments

West Tabor

516 SE 52nd AvePortland, OR 97215
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Provi Apartments
Studio to 2 Bedroom Apartments

Provi Apartments

4720 NE Glisan StPortland, OR 97213
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Oliver Apartments
Studio to 2 Bedroom Apartments

Oliver Apartments

4330 SE Division StPortland, OR 97206

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Parkview Commons
Studio to 1 Bedroom Apartments

Parkview Commons

831 NE 29th AvePortland, OR 97232
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Division Terrace
Studio to 1 Bedroom Apartments

Division Terrace

2880 SE Division StPortland, OR 97202
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jvdv01
Studio to 1 Bedroom Apartments

jvdv01

3423 SE Hawthorne BlvdPortland, OR 97214
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Queen Marie
Studio to 2 Bedroom Apartments

Queen Marie

1210 SE 20th AvePortland, OR 97214
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Eastside 101
Studio to 2 Bedroom Apartments

Eastside 101

700 SE Cesar E Chavez BlvdPortland, OR 97214
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Burnside East
1 to 2 Bedroom Apartments

Burnside East

5316 E Burnside StPortland, OR 97215
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Park Lawn Apartments
Studio to 1 Bedroom Apartments

Park Lawn Apartments

2457-2525 NE Glisan StPortland, OR 97232

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Belmont, Portland, OR Local Guide

Cheapest Available Belmont Apartments for Rent

 

The cheapest available apartment rental in the Belmont area of Portland, OR is a Studio unit found at Sunnyside priced from $1,185. Division Street Lofts has the second lowest priced unit, which is a Studio apartment currently listed from $1,225. Here are the most affordable Belmont apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
SunnysideMicro 1Studio,1BA$1,185
Division Street LoftsTilikumStudio,1BA$1,225
The Fifty at DivisionSt. JohnsStudio,1BA$1,245
jvdv010BR/1.0BAStudio,1BA$1,250
The Margot2919 SE Division Street - 402Studio,1BA$1,250
27th East Apartments553 SE 27th Ave1BR,1BA$1,265
Sandy LoftsS3-SANStudio,1BA$1,270
Denizen ORS3Studio,1BA$1,296
Tabor View LoftsRichmondStudio,1BA$1,315
Division Terrace1BR/1.0BA1BR,1BA$1,339

Best Value Apartments for Rent in Belmont, OR

As of November 14, 2025 the best value apartment in the Belmont area is the $2.65 price per square foot 2 Bedroom 1 Bathroom Model at The Anita in the in the Southeast Portland neighborhood starting from $2,095. The second greatest value Belmont apartment is the 1 Bedroom - 788 sq. ft. Model at Hawthorne 44 starting at $1,850 with a $2.35 price per square foot in the Southeast Portland neighborhood. Here is today’s list of the best values for Belmont apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Anita2 Bedroom 1 Bathroom2BR,1BA$2.65
Hawthorne 441 Bedroom - 788 sq. ft.1BR,1BA$2.35
Frazer Park Apartments2x12BR,1BA$2.03
Multnomah Heights1 Bedroom Flat1BR,1BA$2.22
27th East Apartments553 SE 27th Ave1BR,1BA$1.98
2515 SE 51st Ave, Unit #182515 SE 51st Ave1BR,1BA$2.25
The Hawthorne1x1u1BR,1BA$2.68
The MarilynBURNSIDE1BR,1BA$2.61
Division Terrace1BR/1.0BA1BR,1BA$2.44
Theory 33Floor Plan Type: WStudio ,1BA$2.60

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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Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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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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Pet Friendly Lifestyle
Belmont, Portland, OR

Ranked #58

Among cities in Oregon for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving.com is proud to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals and neighborhoods across the USA, and customized analysis for Central Portland, OR. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including our Star Ratings to compare for convenient access to the outdoors, luxury amenities, apartment complexes for the kids, raising pets, transit options, walking, and biking. Find Lifestyle Search in the filter options (above). Happy Searching!

Getting Around the Belmont Neighborhood in Portland, OR

Walk Score®

95 / 100

Walker’s Paradise

Daily errands do not require a car

Bike Score®

100 / 100

Biker's Paradise

Daily errands can be accomplished on a bike

Transit Score®

51 / 100

Good Transit

Many nearby public transportation options

Frequently Asked Questions about Cheap Belmont Apartments

What is the Cheapest Studio apartment in Belmont?

Currently the most affordable Cheap Studio Apartment in Belmont is at Sunnyside listed at $1,185.

How much is rent for a Cheap One Bedroom Belmont Apartment?

The lowest price for a Cheap One Bedroom Belmont Apartment is $1,265 at 27th East Apartments.

What is the lowest price for a Cheap Two Bedroom Belmont Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Belmont is starting from $1,475 at 27th East Apartments.

What is the most affordable Belmont Three Bedroom Apartment?

The best deal on a cheap Belmont Three Bedroom Apartment rental is at Splash Apartments and starts from $3,610.

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.

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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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.