
Cheap Apartments for Rent in the Centennial Neighborhood of Portland, OR from $500 (45 Rentals)
Search the lowest-cost Apartments available for rent right now in the Centennial area of Portland.


15762 SE Division St

D Street Salal Apartments

Alder Royal Apartments

Keystone East

Alder Village

17442 SE Powell Blvd

15772 SE Division St

17139 SE Salmon St
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.

Carrington Square

16804 SE Division St, Unit 3

16964 SE Stark St

Rosewood Apartments

Powell Court

16920 SE Powell Blvd

Spruce Park Apartments

Andrea Place Apartments

Greenview Terrace
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.

Burlwood Apartments

The Alexis Apartments

Fir Haven Mobile Home Park

Crofton Apartments

The Aurora

Central East Apartments

1200 SE 162nd Ave

Emerald Park Apartments

2629 SE 145th Ave
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.

Steven's Place

Arbor Glen (Whispering Winds Housing LTD)

Arbor View Apartments

Victoria Gardens Apartments

2645 SE 145th Ave

The Jamico

Bridge City Apartments

Villa 162 Apartments

Applegate Apartments
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.

Eastwood Apartments

The Anchor

Meadowview East

Walnut Terrace

Division Star

Maple Meadows Apartments

15136 SE Gladstone Dr

Eastside Village Apartments

Parkside Manor
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From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
Centennial, Portland, OR Local Guide

How much does it cost to rent an apartment in Centennial?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Centennial Studio Apartments | $921 | $700 | $1,040 |
| Centennial 1 Bedroom Apartments | $1,222 | $975 | $1,400 |
| Centennial 2 Bedroom Apartments | $1,534 | $1,075 | $1,795 |
| Centennial 3 Bedroom Apartments | $2,157 | $1,995 | $2,250 |
Browse Apartments in this Neighborhood
There are currently 45 rentals with your search options within a 2 mile radius of the Centennial Neighborhood of Portland, OR.
See all Apartments in PortlandExplore Portland
Cheapest Available Centennial Apartments for Rent
 The cheapest available apartment rental in the Centennial area of Portland, OR is a 1 Bed unit found at The Aurora priced from $1,034. Keystone East has the second lowest priced unit, which is a Studio apartment currently listed from $1,040. Here are the most affordable Centennial apartments for rent in Portland, OR:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Aurora | 1X1 | 1BR,1BA | $1,034 |
| Keystone East | 0BR/1.0BA | Studio,1BA | $1,040 |
| Bridge City Apartments | 1 Bed 1 Bath | 1BR,1BA | $1,295 |
| Applegate Apartments | 1 Bedroom / 1 Bath | 1BR,1BA | $1,295 |
| Powell Court | 2x1 | 2BR,1BA | $1,325 |
| Eastside Village Apartments | 2BR/1.0BA | 2BR,1BA | $1,349 |
| Meadowview East | 2x1 | 2BR,1BA | $1,355 |
| Spruce Park Apartments | 1 Bedroom | 1BR,1BA | $1,362 |
| Arbor Glen (Whispering Winds Housing LTD) | 2 Bedrooms, 2 Bathrooms | 2BR,2BA | $1,395 |
| Maple Meadows Apartments | 2BR/1.0BA | 2BR,1BA | $1,400 |
Best Value Apartments for Rent in Centennial, OR
As of July 09, 2026 the best value apartment in the Centennial area is the $1.47 price per square foot 2 Bedroom 2 Bath Model at Trailside in the in the East Portland neighborhood starting from $1,575. The second greatest value Centennial apartment is the 2BR/1.5BA Model at Griffin Court starting at $1,495 with a $1.50 price per square foot in the East Portland neighborhood. Here is today’s list of the best values for Centennial apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Trailside | 2 Bedroom 2 Bath | 2BR,2BA | $1.47 |
| Griffin Court | 2BR/1.5BA | 2BR,1.5BA | $1.50 |
| Maple Meadows Apartments | 2BR/1.0BA | 2BR,1BA | $1.40 |
| Township Eastside | 2x2 Classic | 2BR,2BA | $1.46 |
| Foothills Apartments | 2 Bedroom / 2 Bath | 2BR,2BA | $1.57 |
| Eleven Pines | 2x2 Renovated | 2BR,2BA | $1.63 |
| Sherman Villa | 2BR | 2BR,2BA | $1.42 |
| 630 SE 182nd Ave, Unit 4 | 630 SE 182nd Ave | 2BR,1.5BA | $1.61 |
| The Aurora | 2X1 | 2BR,1BA | $1.72 |
| Meadowview East | 2x1 | 2BR,1BA | $1.59 |
Frequently Asked Questions about Cheap Centennial Apartments
How much is rent for a Cheap One Bedroom Centennial Apartment?
The lowest price for a Cheap One Bedroom Centennial Apartment is $1,034 at The Aurora.
What is the lowest price for a Cheap Two Bedroom Centennial Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Centennial is starting from $1,325 at Powell Court.
What is the most affordable Centennial Three Bedroom Apartment?
The best deal on a cheap Centennial Three Bedroom Apartment rental is at Arbor Glen (Whispering Winds Housing LTD) and starts from $1,504.
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 Insider's Guide to Living in Portland's Best Spots
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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

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
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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.

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.

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.