
Cheap Homes for Rent in Belmont Neighborhood of Portland, OR from $600 (8 Rentals)
Search the lowest-cost Homes available for rent right now in the Belmont area of Portland.


2919 SE Division St, Unit 201

1622-1628 SE 32nd Pl / 3259-3261 SE Market St, Unit 3261

2618 SE 51st Ave
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.

2105 SE Caruthers St

3087 SE Ankeny St, Unit 07

2314 NE Flanders St

4303 SE Division St
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.
Belmont, Portland, OR Local Guide

How much does it cost to rent a home in Belmont?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Belmont 2 Bedroom Homes for Rent | $2,500 | $2,095 | $3,200 |
| Belmont 3 Bedroom Homes for Rent | $5,627 | $3,149 | $6,995 |
| Belmont 4 Bedroom Homes for Rent | $3,922 | $2,500 | $4,995 |
Browse Homes for Rent in this Neighborhood
There are currently 8 rentals with your search options within a 1 mile radius of the Belmont Neighborhood of Portland, OR.
Explore Portland
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. Laurelwood Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,200. 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 |
| Laurelwood Apartments | 1 BED 1 BATH | 1BR,1BA | $1,200 |
| The Fifty at Division | St. Johns | Studio,1BA | $1,235 |
Best Value Apartments for Rent in Belmont, OR
As of May 09, 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 $2,272 with a $2.50 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. |
|---|---|---|---|
| 1814 SE Madison St | 3 Bed | 3BR,1BA | $1.08 |
| 2121 Belmont | 1x1 G | 1BR,1BA | $2.50 |
| Belmont Dairy Apartments and Lofts | One Bedroom | 1BR,1BA | $1.65 |
| Laurelwood Apartments | 1 BED 1 BATH | 1BR,1BA | $1.60 |
| Hawthorne Twenty-Six | Steel | Studio ,1BA | $2.16 |
| MF 11 - Cedarhurst Village Apartments | 1BR/1.0BA | 1BR,1BA | $2.06 |
| Hawthorne @ Ladd's - 1 & 2 Bedroom Apartment Homes | 1x1i | 1BR,1BA | $2.33 |
| The Hawthorne | 1x1u | 1BR,1BA | $2.43 |
| Kalani Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $2.43 |
| Hygge | Studio | Studio ,1BA | $2.57 |
Frequently Asked Questions about Belmont
What type of rentals are currently available in Belmont?
There are currently 546 Apartments for Rent in Belmont, OR with pricing that ranges from $935 to $13,401. There are also 29 Single Family Homes for rent, Condos, and Townhome rentals currently available in Belmont ranging from $690 to $6,995.
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 $690 to $6,995 with an average monthly rent of $3,081.
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 $1,855 to $9,502, while Three Bedroom Homes, Condos, and Townhomes for rent range from $3,149 to $6,995. Four Bedroom Single-Family rentals are also available starting from $2,500 and Four Bedroom Apartments start at $5,995.
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

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.

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.

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.

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

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.

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.

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.

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.