Cheap Apartments for Rent in the Belmont Neighborhood of Portland, OR from $800 (57 Rentals)

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

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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
  • Utilities Included
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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
  • Utilities Included
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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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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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Eastside 101
Studio to 2 Bedroom Apartments

Eastside 101

700 SE Cesar E Chavez BlvdPortland, OR 97214
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Queen Marie
Studio to 2 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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Hawthorne Twenty-Six
Studio to 2 Bedroom Apartments

Hawthorne Twenty-Six

2637 SE Hawthorne BlvdPortland, OR 97214

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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Kalani Apartments
1 to 2 Bedroom Apartments

Kalani Apartments

3030 SE Pine StPortland, OR 97214

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 West Tabor priced from $1,080. Sandy Lofts has the second lowest priced unit, which is a Studio apartment currently listed from $1,157. Here are the most affordable Belmont apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
West TaborS04Studio,1BA$1,080
Sandy LoftsS3-SANStudio,1BA$1,157
The Fifty at DivisionSt. JohnsStudio,1BA$1,245
The Margot2919 SE Division Street - 402Studio,1BA$1,250
Division Street LoftsSt. JohnStudio,1BA$1,258
HyggeStudioStudio,1BA$1,275
Denizen ORS3Studio,1BA$1,276
The MarilynROSS ISLANDStudio,1BA$1,299
HollowaySD1.3AStudio,1BA$1,303
Division Terrace1BR/1.0BA1BR,1BA$1,339

Best Value Apartments for Rent in Belmont, OR

As of September 15, 2025 the best value apartment in the Belmont area is the $1.71 price per square foot 4 bedroom apartment Model at Multnomah Heights in the in the Southeast Portland neighborhood starting from $2,899. The second greatest value Belmont apartment is the 2 Bedroom Townhome - Large w/ Patio Model at Sunnyside starting at $2,699 with a $2.29 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.
Multnomah Heights4 bedroom apartment4BR,2BA$1.71
Sunnyside2 Bedroom Townhome - Large w/ Patio2BR,1.5BA$2.29
2322 SE Main St, Unit SE Hawthorne Duplex Apt2322 SE Main St1BR,1BA$2.40
Burnside East2 BR 1 BATH C2BR,1BA$1.88
The Payton1 Bedroom Classic F1BR,1BA$2.55
Theory 33Floor Plan Type: U1BR,1BA$2.58
Kalani Apartments1 Bedroom 1 Bath1BR,1BA$2.62
Division Terrace1BR/1.0BA1BR,1BA$2.59
The MarilynROSS ISLANDStudio ,1BA$2.54
Sandy LoftsS6-SANStudio ,1BA$2.64

Quick Rent Budget Calculator

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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 #69

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

Pet Friendliness Lifestyle Score

3.5
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 West Tabor listed at $1,080.

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

The lowest price for a Cheap One Bedroom Belmont Apartment is $1,339 at Division Terrace.

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 $1,695 at Burnside East.

What is the most affordable Belmont Three Bedroom Apartment?

The best deal on a cheap Belmont Three Bedroom Apartment rental is at Holloway and starts from $1,936.

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 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.

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

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.