Cheap Apartments for Rent in the Belmont Neighborhood of Portland, OR from $700 (48 Rentals)

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

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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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.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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The Vintage
Studio 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 1 Bedroom Apartments

Paradise Villa

600-610 SE 39th AvePortland, OR 97214
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Glee Apartments
Studio Apartments

Glee Apartments

455 NE 24th AvePortland, OR 97232
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Provi Apartments
1 Bedroom Apartments

Provi Apartments

4720 NE Glisan StPortland, OR 97213
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Parkview Commons
Studio to 1 Bedroom Apartments

Parkview Commons

831 NE 29th AvePortland, OR 97232
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Oliver Apartments
1 to 2 Bedroom Apartments

Oliver Apartments

4330 SE Division StPortland, OR 97206

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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Queen Marie
Studio to 1 Bedroom Apartments

Queen Marie

1210 SE 20th AvePortland, OR 97214
  • Utilities Included
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Park Lawn Apartments
Studio to 2 Bedroom Apartments

Park Lawn Apartments

2457-2525 NE Glisan StPortland, OR 97232
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Eastside 101
1 to 2 Bedroom Apartments

Eastside 101

700 SE Cesar E Chavez BlvdPortland, OR 97214
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Amore
1 Bedroom Apartments

Amore

5505 NE Glisan StPortland, OR 97213
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Artisan Apartments
Studio to 3 Bedroom Apartments

Artisan Apartments

3301 SE Division StPortland, OR 97202
Showing Results 1-48, Page 1 of 1

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 1 Bed unit found at Orlo priced from $1,150. Theory 33 has the second lowest priced unit, which is a Studio apartment currently listed from $1,195. Here are the most affordable Belmont apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Orlo1/1 lg1BR,1BA$1,150
Theory 33Floor Plan Type: WStudio,1BA$1,195
RothkoStudioStudio,1BA$1,225
The Margot2919 SE Division Street - 402Studio,1BA$1,250
Division Street LoftsBurnsideStudio,1BA$1,275
The Fifty at DivisionBurnsideStudio,1BA$1,275
Sandy LoftsS5-SANStudio,1BA$1,289
SunnysideUrban One BedroomStudio,1BA$1,299
HyggeStudioStudio,1BA$1,300

Best Value Apartments for Rent in Belmont, OR

As of May 28, 2025 the best value apartment in the Belmont area is the $2.34 price per square foot 2322 SE Main St Model at 2322 SE Main St, Unit SE Hawthorne Duplex Apt in the in the Southeast Portland neighborhood starting from $2,250. The second greatest value Belmont apartment is the 2 BR 1 BATH C Model at Burnside East starting at $1,695 with a $1.88 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.
2322 SE Main St, Unit SE Hawthorne Duplex Apt2322 SE Main St1BR,1BA$2.34
Burnside East2 BR 1 BATH C2BR,1BA$1.88
Hawthorne 441 Bedroom - 858 sq. ft.1BR,1BA$2.16
2121 SE BelmontA51BR,1BA$2.66
The Anita2 Bedroom 1 Bathroom2BR,1BA$2.52
Orlo1/1 lg1BR,1BA$1.75
Theory 33Floor Plan Type: U1BR,1BA$2.58
Hawthorne Twenty-SixBurnsideStudio ,1BA$2.66
3829 SE Washington St, Unit A3829 SE Washington St1BR,1BA$2.17
The Fifty at DivisionBurnsideStudio ,1BA$2.56

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 #55

Among neighborhoods in Portland, OR 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

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 Cheap Belmont Apartments

What is the Cheapest Studio apartment in Belmont?

Currently the most affordable Cheap Studio Apartment in Belmont is at Theory 33 listed at $1,195.

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

The lowest price for a Cheap One Bedroom Belmont Apartment is $1,150 at Orlo.

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 $1,325 at Orlo.

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 $3,780.

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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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.

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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.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.