Cheap Homes for Rent in Belmont Neighborhood of Portland, OR from $500 (5 Rentals)

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Search the lowest-cost Homes 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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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. Cedarhurst Village has the second lowest priced unit, which is a Studio apartment currently listed from $1,100. Here are the most affordable Belmont apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
OrlostudioStudio,1BA$935
Cedarhurst Village0BR/1.0BAStudio,1BA$1,100
Tabor View LoftsLaddsStudio,1BA$1,185

Best Value Apartments for Rent in Belmont, OR

As of June 23, 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
830-848 SE 42nd Ave1 Beds, 1 Baths1BR,1BA$1.76
Belmont Dairy Apartments and LoftsOne Bedroom1BR,1BA$1.95
Artisan Apartments1X1C1BR,1BA$2.66
Hygge1 Loft A1BR,1BA$2.20
Hawthorne Twenty-SixSt. JohnsStudio ,1BA$2.44
Clinton Court1X1 B1BR,1BA$2.68
Kalani Apartments1 Bedroom 1 Bath1BR,1BA$2.62
Cedarhurst Village0BR/1.0BAStudio ,1BA$2.62

Frequently Asked Questions about Belmont

What type of rentals are currently available in Belmont?

There are currently 557 Apartments for Rent in Belmont, OR with pricing that ranges from $935 to $5,995. There are also 23 Single Family Homes for rent, Condos, and Townhome rentals currently available in Belmont ranging from $590 to $6,500.

What is the current price range for Rental Homes in Belmont?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Belmont ranges from $590 to $6,500 with an average monthly rent of $3,591.

How much are larger Three and Four Bedroom Rentals in Belmont?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Belmont range from $1,900 to $2,595, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,895 to $6,500. Four Bedroom Single-Family rentals are also available starting from $2,500 and Four Bedroom Apartments start at $3,595.

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.

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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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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.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.