Cheap Apartments for Rent in the Belmont Neighborhood of Portland, OR from $800 (56 Rentals)

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

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

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Denizen OR
Rent Specials
$1,421 - $2,654
Total Monthly Price

Total Monthly Price

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$1,421 - $2,654

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Studio to 2 Bedroom Apartments Available Now

Denizen OR

2050 NE Hoyt StPortland, OR 97232
Transit Friendly
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  • Utilities Included

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.

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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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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
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Tabor View Lofts
Studio to 1 Bedroom Apartments

Tabor View Lofts

2655 SE 50th AvePortland, OR 97206
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Parkview Commons
Studio to 1 Bedroom Apartments

Parkview Commons

831 NE 29th AvePortland, OR 97232

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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Division Terrace
Studio to 1 Bedroom Apartments

Division Terrace

2880 SE Division StPortland, OR 97202
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Carolyn Court Apartments
1 to 2 Bedroom Apartments

Carolyn Court Apartments

5205-5231 E Burnside StPortland, OR 97215
Corporate Housing
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Midmont Station
1 Bedroom Apartments

Midmont Station

3334-3336 SE Belmont StPortland, 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

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.

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Burnside East
1 to 2 Bedroom Apartments

Burnside East

5316 E Burnside StPortland, OR 97215
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Margot01
Studio to 1 Bedroom Apartments

Margot01

2919 SE Division StPortland, OR 97202
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Park Lawn Apartments
Studio to 1 Bedroom Apartments

Park Lawn Apartments

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

Kalani Apartments

3030 SE Pine StPortland, OR 97214
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Hawthorne Twenty-Six
Studio to 2 Bedroom Apartments

Hawthorne Twenty-Six

2637 SE Hawthorne BlvdPortland, OR 97214
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Amore
Studio to 2 Bedroom Apartments

Amore

5505 NE Glisan StPortland, OR 97213
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Parkview Terrace
1 Bedroom Apartments

Parkview Terrace

2019 SE Taylor StPortland, OR 97214
  • Utilities Included

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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 Orlo priced from $935. Tabor View Lofts has the second lowest priced unit, which is a Studio apartment currently listed from $1,185. Here are the most affordable Belmont apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
OrlostudioStudio,1BA$935
Tabor View LoftsLaddsStudio,1BA$1,185
Belmont Dairy Apartments and LoftsStudio LoftStudio,1BA$1,258
Division Street LoftsBurnsideStudio,1BA$1,265
The Fifty at DivisionBurnsideStudio,1BA$1,285
Sandy LoftsS3-SANStudio,1BA$1,291
Midmont Station1 Beds, 1 Baths1BR,1BA$1,295
Shortstack BelmontStudioStudio,1BA$1,303
Rothko ResidencesStudioStudio,1BA$1,350
Hygge1 Loft A1BR,1BA$1,395

Best Value Apartments for Rent in Belmont, OR

As of July 05, 2026 the best value apartment in the Belmont area is the $1.57 price per square foot 405 NE 53rd Ave Model at 405 NE 53rd Ave, Unit 405 NE 53rd Ave, Portland, OR 97213 in the in the Southeast Portland neighborhood starting from $1,800. The second greatest value Belmont apartment is the 4642 SE Madison St Model at 4642 SE Madison St, Unit 4642 SE Madison Basement starting at $1,900 with a $1.73 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.
405 NE 53rd Ave, Unit 405 NE 53rd Ave, Portland, OR 97213405 NE 53rd Ave2BR,1BA$1.57
4642 SE Madison St, Unit 4642 SE Madison Basement4642 SE Madison St3BR,1BA$1.73
Belmont Dairy Apartments and LoftsOne Bedroom1BR,1BA$1.95
Artisan Apartments1X1C1BR,1BA$2.66
OR - 2311-2317 SE Hawthorne Blvd - KFOR - 2311-2317 SE Hawthorne Blvd - KF - 2317-...1BR,1BA$2.31
Hygge1 Loft A1BR,1BA$2.20
The Hawthorne1x1u1BR,1BA$2.73
Hawthorne Twenty-SixSt. JohnsStudio ,1BA$2.44
Clinton Court1X1 B1BR,1BA$2.62
Kalani Apartments1 Bedroom 1 Bath1BR,1BA$2.62

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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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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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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Real 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.

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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!

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 $1,395.

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 $10,872.

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 12 regular apartments in Belmont that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Belmont?

Cheap apartments in Belmont have an average cost of $337 which is $10,535 cheaper than the average rent for all rentals in Belmont.

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

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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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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.

decorative image for The Portland Power Commute: Top Neighborhoods for Renters Near the City’s Major Job Hubs article

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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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.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.