Cheap Apartments for Rent in the Brooklyn Neighborhood of Portland, OR from $700 (33 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Brooklyn 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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The Frankie
Rent Specials
$1,410 - $4,035
Total Monthly Price

Total Monthly Price

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$1,410 - $4,035

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Studio to 3 Bedroom Apartments Available Now

The Frankie

3260 SE Milwaukie AvePortland, OR 97202
Student Housing
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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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Enclave 54
Studio Apartments

Enclave 54

5434 SE Milwaukie AvePortland, OR 97202
  • Utilities Included
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Dean River
Studio to 3 Bedroom Apartments

Dean River

3255 SE 17th AvePortland, OR 97202
Corporate Housing
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1627 SE Reedway St
1 Bedroom Apartments

1627 SE Reedway St

1627 SE Reedway StPortland, OR 97202
Corporate Housing
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Yukon Flats
Studio to 2 Bedroom Apartments

Yukon Flats

5965 SE Milwaukie AvePortland, OR 97202
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Cherry Hill Apartments
1 to 2 Bedroom Apartments

Cherry Hill Apartments

5802-5812 SE Milwaukie AvePortland, OR 97202
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4425 SE 26TH Ave
1 Bedroom Apartments

4425 SE 26TH Ave

4425 SE 26TH AvePortland, OR 97202
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Fairmont Place
1 to 2 Bedroom Apartments

Fairmont Place

730 SE Franklin StPortland, OR 97202
  • 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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Shalimar Apartments
2 Bedroom Apartments

Shalimar Apartments

3112 SE 9th AvePortland, OR 97202
  • Utilities Included
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Insley Apartments
1 to 2 Bedroom Apartments

Insley Apartments

5350 SE 18th AvePortland, OR 97202
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1330 SE Lafayette St
2 Bedroom Apartments

1330 SE Lafayette St

1330 SE Lafayette StPortland, OR 97202
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Harold
Studio to 2 Bedroom Apartments

Harold

5490 SE Milwaukie AvePortland, OR 97202
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Alexander Court
1 Bedroom Apartments

Alexander Court

1638 SE Knight StPortland, OR 97202
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The Westland
2 Bedroom Apartments

The Westland

1530 SE Reedway StPortland, OR 97202

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.

Brooklyn, Portland, OR Local Guide

Cheapest Available Brooklyn Apartments for Rent

 

The cheapest available apartment rental in the Brooklyn area of Portland, OR is a Studio unit found at Studio Pointe Apartments priced from $945. The Tristan has the second lowest priced unit, which is a Studio apartment currently listed from $975. Here are the most affordable Brooklyn apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Studio Pointe ApartmentsStudio 1Studio,1BA$945
The Tristan0 Bedroom 1 Bath - 50411Studio,1BA$975
Brooklyn Flats0 Bedroom 1 Bath - 50384Studio,1BA$1,015
Brookland ApartmentsStudio, 1 BathroomStudio,1BA$1,149
5902-5920 SE Milwaukie Ave1 Bed 1 Bath1BR,1BA$1,295
The FrankieStudioStudio,1BA$1,410
Z_Caritas Sacred Heart VillaStudioStudio,1BA$1,438
Milwaukie Avenue ApartmentsBottom Floor2BR,1BA$1,450

Best Value Apartments for Rent in Brooklyn, OR

As of May 16, 2026 the best value apartment in the Brooklyn area is the $0.96 price per square foot Studio Model at Z_Caritas Sacred Heart Villa in the in the Southeast Portland neighborhood starting from $1,438. The second greatest value Brooklyn apartment is the 3229 SE 10th Ave Model at 3229 SE 10th Ave, Unit 2 starting at $1,895 with a $2.15 price per square foot in the Southeast Portland neighborhood. Here is today’s list of the best values for Brooklyn apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Z_Caritas Sacred Heart VillaStudioStudio ,1BA$0.96
3229 SE 10th Ave, Unit 23229 SE 10th Ave2BR,1BA$2.15
Milwaukie Avenue ApartmentsBottom Floor2BR,1BA$1.81
The FrankieFlex 2X1.52BR,1.5BA$3.12
5902-5920 SE Milwaukie Ave1 Bed 1 Bath1BR,1BA$1.73
Brookland Apartments2 Bedrooms, 2 Bathrooms2BR,2BA$3.23
The Tristan0 Bedroom 1 Bath - 50411Studio ,1BA$2.38
Brooklyn Flats0 Bedroom 1 Bath - 50384Studio ,1BA$3.30
Studio Pointe ApartmentsStudio 1Studio ,1BA$3.97

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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Pet Friendly Lifestyle
Brooklyn, Portland, OR

Ranked #140

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Frequently Asked Questions about Cheap Brooklyn Apartments

What is a cheap apartment in Brooklyn?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Brooklyn is under $1,450.

What is the price of a cheap apartment in Brooklyn?

The cheapest apartment in Brooklyn is Brooklyn Flats which is listed at $1,215, while the average apartment in Brooklyn costs $7,419.

What types of apartments are the cheapest in Brooklyn?

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

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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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.