Cheap Apartments for Rent in the Belmont Neighborhood of Portland, OR from $800 (72 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
$1,361 - $2,937
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$1,361 - $2,937

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Studio to 2 Bedroom Apartments Available Now

Denizen OR

2050 NE Hoyt StPortland, OR 97232
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Holloway
Rent Specials
$1,499 - $3,140
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$1,499 - $3,140

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Studio to 2 Bedroom Apartments Available Now

Holloway

2050 Northeast Pacific StreetPortland, OR 97232
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The Payton
$1,837 - $4,858
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$1,837 - $4,858

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1 to 2 Bedroom Apartments Available Now

The Payton

2020 NE Multnomah StPortland, OR 97232
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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
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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

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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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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Margot01
Studio to 1 Bedroom Apartments

Margot01

2919 SE Division StPortland, OR 97202
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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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Carolyn Court Apartments
1 to 2 Bedroom Apartments

Carolyn Court Apartments

5205-5231 E Burnside StPortland, OR 97215
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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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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
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The Hub
Studio to 1 Bedroom Apartments

The Hub

3423 SE Hawthorne BlvdPortland, OR 97214
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Highland Terrace Apartments
Studio to 1 Bedroom Apartments

Highland Terrace Apartments

2023-2051 SE MadisonPortland, 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
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Kalani Apartments
1 to 2 Bedroom Apartments

Kalani Apartments

3030 SE Pine StPortland, OR 97214
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Clinton Court
Studio to 1 Bedroom Apartments

Clinton Court

2725 SE 29th AvePortland, OR 97202
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Hawthorne Twenty-Six
Studio to 2 Bedroom Apartments

Hawthorne Twenty-Six

2637 SE Hawthorne BlvdPortland, OR 97214

From Arts to Eats: A Local Insider's Guide to Living in Portland's Best Spots

Discover the true heart of Portland, Oregon, with this local expert's guide. Explore the city's unique history, from the coin toss that named it to its "Keep Portland Weird" culture, and get an insider look at its most notable neighborhoods and internationally recognized food scene.

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. Margot01 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
OrlostudioStudio,1BA$935
Margot010BR/1.0BAStudio,1BA$1,195
Laurelwood Apartments1 BED 1 BATH1BR,1BA$1,200
Belmont Dairy Apartments and LoftsStudio LoftStudio,1BA$1,258
Division Street LoftsBurnsideStudio,1BA$1,275
The Fifty at DivisionBurnsideStudio,1BA$1,295
HyggeStudioStudio,1BA$1,295
Tabor View LoftsRichmondStudio,1BA$1,295
The MarilynROSS ISLANDStudio,1BA$1,299
Denizen ORS3Studio,1BA$1,361

Best Value Apartments for Rent in Belmont, OR

As of May 21, 2026 the best value apartment in the Belmont area is the $1.08 price per square foot 3 Bed Model at 1814 SE Madison St in the in the Southeast Portland neighborhood starting from $2,795. The second greatest value Belmont apartment is the 1x1 G Model at 2121 Belmont starting at $2,247 with a $2.48 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.
1814 SE Madison St3 Bed3BR,1BA$1.08
2121 Belmont1x1 G1BR,1BA$2.48
Belmont Dairy Apartments and LoftsOne Bedroom1BR,1BA$1.65
Laurelwood Apartments1 BED 1 BATH1BR,1BA$1.60
The Fifty at DivisionRoss Island1BR,1BA$2.21
Hawthorne Twenty-SixFremontStudio ,1BA$2.27
Hawthorne @ Ladd's - 1 & 2 Bedroom Apartment Homes1x1i1BR,1BA$2.49
The Hawthorne1x1u1BR,1BA$2.51
Sandy LoftsA04-SAN1BR,1BA$2.58
HyggeStudioStudio ,1BA$2.57

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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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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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 the Cheapest Studio apartment in Belmont?

Currently the most affordable Cheap Studio Apartment in Belmont is at Orlo listed at $935.

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

The lowest price for a Cheap One Bedroom Belmont Apartment is $1,200 at Laurelwood 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 $2,569 at Denizen OR.

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

decorative image for A Portland Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent article

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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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.