
Cheap Apartments for Rent in the Centennial Neighborhood of Portland, OR from $800 (19 Rentals)
Search the lowest-cost Apartments available for rent right now in the Centennial area of Portland.


D Street Salal Apartments

Crofton Apartments

Alder Village

Arbor View Apartments

17452 SE Powell Blvd
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.

Alder Royal Apartments

Rosewood Apartments

Burlwood Apartments

The Alexis Apartments

Fir Haven Mobile Home Park

Central East Apartments
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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.

Greenview Village

Emerald Park Apartments

Rose Apartments

Executive East

Victoria Gardens Apartments

Stark Street Crossing
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.

Eastside Village 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 | $1,005 | $915 | $1,095 |
| Centennial 1 Bedroom Apartments | $1,316 | $985 | $2,880 |
| Centennial 2 Bedroom Apartments | $1,503 | $1,095 | $1,795 |
| Centennial 3 Bedroom Apartments | $1,955 | $1,550 | $2,250 |
Browse Apartments in this Neighborhood
There are currently 19 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 Studio unit found at Keystone East priced from $915. Crofton Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,045. Here are the most affordable Centennial apartments for rent in Portland, OR:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Keystone East | You didn't know what you were missing until you... | Studio,1BA | $915 |
| Crofton Apartments | 1BD/1BTH | 1BR,1BA | $1,045 |
| Arbor View Apartments | STU | Studio,1BA | $1,095 |
| Alder Royal Apartments | 1BR/1.0BA | 1BR,1BA | $1,100 |
| Rosewood Apartments | 1BR/1.0BA | 1BR,1BA | $1,150 |
Best Value Apartments for Rent in Centennial, OR
As of February 23, 2026 the best value apartment in the Centennial area is the $1.50 price per square foot 2BR/1.5BA Model at Griffin Court in the in the East Portland neighborhood starting from $1,500. The second greatest value Centennial apartment is the 2x2 Classic Model at Township Eastside starting at $1,470 with a $1.48 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. |
|---|---|---|---|
| Griffin Court | 2BR/1.5BA | 2BR,1.5BA | $1.50 |
| Township Eastside | 2x2 Classic | 2BR,2BA | $1.48 |
| Eleven Pines | 2x2 | 2BR,2BA | $1.61 |
| Foothills Apartments | 2 Bedroom / 2 Bath | 2BR,2BA | $1.62 |
| Stark Street Crossing | 2BR/1.0BA | 2BR,1BA | $1.37 |
| Villa 162 Apartments | 2 Bed / 1.5 Bath | 2BR,1.5BA | $1.36 |
| Sherman Villa | 2BR | 2BR,2BA | $1.53 |
| Carrington Square | 2BR/1.0BA | 2BR,1BA | $1.55 |
| Trailside | 1 Bedroom 1 Bath | 1BR,1BA | $1.65 |
| The Jamico | 2x1 | 2BR,1BA | $1.60 |
Frequently Asked Questions about Cheap Centennial Apartments
What is the price of a cheap apartment in Centennial?
The cheapest apartment in Centennial is Crofton Apartments which is listed at $1,045, 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 2 regular apartments in Centennial that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Centennial?
Cheap apartments in Centennial have an average cost of $149 which is $1,846 cheaper than the average rent for all rentals in Centennial.
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

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.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.