
Cheap Apartments for Rent in the Centennial Neighborhood of Portland, OR from $800 (16 Rentals)
Search the lowest-cost Apartments available for rent right now in the Centennial area of Portland.


Keystone East Apartment Homes

Country Square

Arbor Glen Apartments
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 | $1,034 | $995 | $1,100 |
Centennial 1 Bedroom Apartments | $1,328 | $985 | $1,435 |
Centennial 2 Bedroom Apartments | $1,549 | $1,130 | $1,795 |
Centennial 3 Bedroom Apartments | $2,017 | $1,634 | $2,625 |
Browse Apartments in this Neighborhood
There are currently 16 rentals with your search options within a 2 mile radius of the Centennial Neighborhood of Portland, OR.
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Cheapest Available Centennial Apartments for Rent
 The cheapest available apartment rental in the Centennial area of Portland, OR is a Studio unit found at Alder Royal Apartments priced from $995. The Aurora has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,034. Here are the most affordable Centennial apartments for rent in Portland, OR:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Alder Royal Apartments | 0BR/1.0BA | Studio,1BA | $995 |
The Aurora | 1X1 | 1BR,1BA | $1,034 |
Keystone East Apartment Homes | Sm | Studio,1BA | $1,045 |
Alder Village | 1BR/1.0BA | 1BR,1BA | $1,100 |
Greenview Village | 1BR/1.0BA | 1BR,1BA | $1,200 |
Best Value Apartments for Rent in Centennial, OR
As of September 16, 2025 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 | 2BR/1.0BA | 2BR,1BA | $1.48 |
Township Eastside | 2x2 Classic | 2BR,2BA | $1.55 |
Foothills Apartments | 2 Bedroom / 2 Bath | 2BR,2BA | $1.57 |
Powell Court | 2 Bedroom 1 Bath | 2BR,1BA | $1.62 |
Stark Street Crossing | 2BR/1.0BA | 2BR,1BA | $1.55 |
Villa 162 Apartments | 2 Bed / 1.5 Bath | 2BR,1.5BA | $1.36 |
Sherman Villa | 2BR | 2BR,2BA | $1.53 |
The Aurora | 1X1 | 1BR,1BA | $1.64 |
Getting Around the Centennial Neighborhood in Portland, OR
Walk Score®
67 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
78 / 100
Very Bikeable
Biking is convenient for most trips
Transit Score®
47 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Centennial Apartments
What is a cheap apartment in Centennial?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Centennial is under $1,395.
What is the price of a cheap apartment in Centennial?
The cheapest apartment in Centennial is The Aurora which is listed at $1,034, while the average apartment in Centennial costs $1,967.
What types of apartments are the cheapest in Centennial?
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 1 regular apartments in Centennial that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

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.

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.