
Cheap Apartments for Rent in the Belmont Neighborhood of Portland, OR from $800 (74 Rentals)
Search the lowest-cost Apartments available for rent right now in the Belmont area of Portland.


3001-3007-3007 SE Belmont St

Laurelwood Apartments

MF 11 - Cedarhurst Village Apartments

Total Monthly Price
Denizen OR

Hygge

1902-1924-1924 SE Ash St

Shortstack Belmont

1025 NE 31st Ave

Rothko Residences
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Sunnyside

Sandy Lofts

3087 SE Ankeny St

The Hawthorne

Total Monthly Price
Holloway

Splash

Total Monthly Price
701 NE 28th Ave, Unit #36

1823-1825 SE Morrison St

1430 SE 46th Ave

3924 SE Grant Ct, Unit C
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Total Monthly Price
704 SE 26th Ave, Unit 704

Burnside 26

2323-2337-2337 SE Hawthorne Blvd

2311 SE Madison St

1026 SE 29th Ave

Brentwood Apartments

Colonial Gardens Apartments

The Vintage

Del Rey Apartments

Paradise Villa
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

3228-3240 SE Morrison St

Glee Apartments

Provi Apartments

West Tabor Apartments

Oliver Apartments

Tabor View Lofts

Parkview Commons

Division Terrace

Anthology on Division

Carolyn Court Apartments
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Belmont Dairy Apartments and Lofts

27th East Apartments

qui2525

Division Street Lofts

The Fifty at Division

715 NE 20th Ave

Eastside 101

Queen Marie

Burnside East

Margot01
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Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
Belmont, Portland, OR Local Guide

How much does it cost to rent an apartment in Belmont?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Belmont Studio Apartments | $1,539 | $1,100 | $2,506 |
| Belmont 1 Bedroom Apartments | $1,868 | $1,150 | $4,120 |
| Belmont 2 Bedroom Apartments | $2,659 | $1,325 | $5,152 |
| Belmont 3 Bedroom Apartments | $5,291 | $1,920 | $10,000+ |
| Belmont 4 Bedroom Apartments | $9,293 | $6,952 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 74 rentals with your search options within a 1 mile radius of the Belmont Neighborhood of Portland, OR.
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Belmont, Portland, OR Local Guide
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Cheapest Available Belmont Apartments for Rent
 The cheapest available apartment rental in the Belmont area of Portland, OR is a Studio unit found at Orlo priced from $935. Anthology on Division has the second lowest priced unit, which is a Studio apartment currently listed from $1,245. Here are the most affordable Belmont apartments for rent in Portland, OR:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Orlo | studio | Studio,1BA | $935 |
| Anthology on Division | Studio - H | Studio,1BA | $1,245 |
| Belmont Dairy Apartments and Lofts | Studio Loft | Studio,1BA | $1,258 |
| qui2525 | 1BR/1.0BA | 1BR,1BA | $1,265 |
| Denizen OR | S7 | Studio,1BA | $1,269 |
| Hygge | Studio | Studio,1BA | $1,295 |
| Shortstack Belmont | Studio | Studio,1BA | $1,303 |
| Rothko Residences | Studio | Studio,1BA | $1,375 |
| Sandy Lofts | A03-SAN | 1BR,1BA | $1,398 |
| Artisan Apartments | 0x1B | Studio,1BA | $1,399 |
Best Value Apartments for Rent in Belmont, OR
As of August 19, 2026 the best value apartment in the Belmont area is the $2.39 price per square foot 2x2 Den Penthouse Classic Model at The Payton in the in the Southeast Portland neighborhood starting from $4,275. The second greatest value Belmont apartment is the 2805 SE 23rd Ave Model at 2805 SE 23rd Ave, Unit 2805 SE 23rd Ave starting at $2,200 with a $2.20 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Payton | 2x2 Den Penthouse Classic | 2BR,2BA | $2.39 |
| 2805 SE 23rd Ave, Unit 2805 SE 23rd Ave | 2805 SE 23rd Ave | 2BR,1BA | $2.20 |
| 32se2 | 2BR/1.0BA | 2BR,1BA | $2.22 |
| qui2525 | 1BR/1.0BA | 1BR,1BA | $1.58 |
| Belmont Dairy Apartments and Lofts | One Bedroom | 1BR,1BA | $1.95 |
| OR - 2311-2317 SE Hawthorne Blvd - KF | OR - 2311-2317 SE Hawthorne Blvd - KF - 2317-... | 1BR,1BA | $2.31 |
| Kalani Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $2.66 |
| Sandy Lofts | A03-SAN | 1BR,1BA | $2.61 |
| Artisan Apartments | 0x1B | Studio ,1BA | $2.66 |
| Hygge | Studio | Studio ,1BA | $2.61 |
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!
Read ArticleDon'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.
Read ArticleA 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
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick 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.
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!
Frequently Asked Questions about Cheap Belmont Apartments
What is a cheap apartment in Belmont?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Belmont is under $1,399.
What is the price of a cheap apartment in Belmont?
The cheapest apartment in Belmont is Orlo which is listed at $1,150, while the average apartment in Belmont costs $1,732.
What types of apartments are the cheapest in Belmont?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 6 regular apartments in Belmont that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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

From Arts to Eats: A Local Insider's 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.

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.

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.

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.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.