Cheap Apartments for Rent in the Centennial Neighborhood of Portland, OR from $500 (66 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Centennial 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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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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Greenview Terrace
1 to 2 Bedroom Apartments

Greenview Terrace

620 SE 148th AvePortland, OR 97233
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Burlwood Apartments
1 to 3 Bedroom Apartments

Burlwood Apartments

14914 SE Division StPortland, OR 97236
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The Alexis Apartments
Studio to 3 Bedroom Apartments

The Alexis Apartments

15075 SE Stark StPortland, OR 97233
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Crofton Apartments
Studio to 2 Bedroom Apartments

Crofton Apartments

15627 SE Stark StPortland, OR 97233
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The Aurora
1 to 3 Bedroom Apartments

The Aurora

16015 SE Stark StPortland, OR 97233
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Emerald Park Apartments
1 to 3 Bedroom Apartments

Emerald Park Apartments

646-664 SE 148th AvePortland, OR 97233
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1200 SE 162nd Ave
1 to 3 Bedroom Apartments

1200 SE 162nd Ave

1200 SE 162nd AvePortland, OR 97233

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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Stark Street Crossing
Studio to 2 Bedroom Apartments

Stark Street Crossing

14112-14134 SE Stark StPortland, OR 97233
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Greenview Village
1 to 2 Bedroom Apartments

Greenview Village

14998 SE Stark StPortland, OR 97233
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Country Square
1 to 3 Bedroom Apartments

Country Square

15151 SE Stark StPortland, OR 97233
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The Jamico
Studio to 2 Bedroom Apartments

The Jamico

16711 SE Powell BlvdPortland, OR 97236

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.

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Rosewood Park
2 Bedroom Apartments

Rosewood Park

16836 SE Stark StPortland, OR 97233
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Taylene Court
2 Bedroom Apartments

Taylene Court

15340 SE Stark StPortland, OR 97233
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Meadowview East
2 Bedroom Apartments

Meadowview East

3910 SE 166th AvePortland, OR 97236
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Walnut Terrace
1 to 2 Bedroom Apartments

Walnut Terrace

15220 SE Stark StPortland, OR 97233
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East Stark Apartments
Studio to 2 Bedroom Apartments

East Stark Apartments

17010 SE Stark StPortland, OR 97233
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Division Star
1 to 2 Bedroom Apartments

Division Star

2624-2640 SE 170th AvePortland, OR 97236
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Kimberly Dawn
2 Bedroom Apartments

Kimberly Dawn

15007-15043 SE Powell BlvdPortland, OR 97236

From Arts to Eats: A Local Insider's Guide to Living in Portland's Best Spots

Discover the true heart of Portland, Oregon, with this local expert's guide. Explore the city's unique history, from the coin toss that named it to its "Keep Portland Weird" culture, and get an insider look at its most notable neighborhoods and internationally recognized food scene.

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Showing Results 1-50, Page 1 of 2

Cheapest Available Centennial Apartments for Rent

 

The cheapest available apartment rental in the Centennial area of Portland, OR is a 2 Beds unit found at Crofton Apartments priced from $1,000. Alder Royal Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,050. Here are the most affordable Centennial apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Crofton Apartments2BD/1BTH2BR,1BA$1,000
Alder Royal Apartments1BR/1.0BA1BR,1BA$1,050
Griffin Court1BR/1.0BA1BR,1BA$1,150
Carrington Square1BR/1.0BA1BR,1BA$1,150
Spruce Park Apartments1 Bedroom1BR,1BA$1,249
Greenview Village2BR/1.0BA2BR,1BA$1,250
Bridge City Apartments1 Bed 1 Bath1BR,1BA$1,295
Villa 162 Apartments2 Bed / 1.5 Bath2BR,1BA$1,295
Rosewood Park2BR/1.0BA2BR,1BA$1,300
Eastside Village Apartments2BR/1.0BA2BR,1BA$1,349

Best Value Apartments for Rent in Centennial, OR

As of May 25, 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 2x2 Classic Model at Township Eastside 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Trailside2 Bedroom 2 Bath2BR,2BA$1.47
Township Eastside2x2 Classic2BR,2BA$1.50
Eleven Pines2x2 Renovated2BR,2BA$1.65
Powell Court2x12BR,1BA$1.52
Sherman Villa2BR2BR,2BA$1.53
Villa 162 Apartments2 Bed / 1.5 Bath2BR,1.5BA$1.36
Rosewood Park2BR/1.0BA2BR,1BA$1.44
Greenview Village2BR/1.0BA2BR,1BA$1.43
Walnut Terrace2BR/1.0BA2BR,1BA$1.61
Crofton Apartments2BD/1BTH2BR,1BA$1.29

Frequently Asked Questions about Cheap Centennial Apartments

What is the price of a cheap apartment in Centennial?

The cheapest apartment in Centennial is Alder Royal Apartments which is listed at $1,050, while the average apartment in Centennial costs $1,995.

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 10 regular apartments in Centennial 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

decorative image for A Portland Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent article

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.

decorative image for The Portland Power Commute: Top Neighborhoods for Renters Near the City’s Major Job Hubs article

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.

decorative image for From Arts to Eats: A Local Insiders Guide to Living in Portland's Best Spots article

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

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.