
Cheap Apartments for Rent in the Centennial Neighborhood of Portland, OR from $800 (21 Rentals)
Search the lowest-cost Apartments available for rent right now in the Centennial area of Portland.


D Street Salal Apartments

Alder Royal Apartments

Crofton Apartments

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 | $1,014 | $950 | $1,100 |
| Centennial 1 Bedroom Apartments | $1,359 | $985 | $2,385 |
| Centennial 2 Bedroom Apartments | $1,516 | $1,000 | $1,795 |
| Centennial 3 Bedroom Apartments | $2,016 | $1,634 | $2,450 |
Browse Apartments in this Neighborhood
There are currently 21 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 Keystone East Apartment Homes priced from $950. Alder Royal Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $995. Here are the most affordable Centennial apartments for rent in Portland, OR:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Keystone East Apartment Homes | Sm | Studio,1BA | $950 |
| Alder Royal Apartments | 1BR/1.0BA | 1BR,1BA | $995 |
| Crofton Apartments | 2BD/1BTH | 2BR,1BA | $1,000 |
| The Aurora | 1X1 | 1BR,1BA | $1,034 |
| Executive East | 1BR/1.0BA | 1BR,1BA | $1,100 |
Best Value Apartments for Rent in Centennial, OR
As of November 09, 2025 the best value apartment in the Centennial area is the $1.56 price per square foot 2x1.5 townhouse Model at Rockrose Apartments in the in the East Portland neighborhood starting from $1,695. The second greatest value Centennial apartment is the 2BR/1.0BA Model at Maple Meadows-cozy 2 bedrooms in SE Portla starting at $1,499 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. |
|---|---|---|---|
| Rockrose Apartments | 2x1.5 townhouse | 2BR,1.5BA | $1.56 |
| Maple Meadows-cozy 2 bedrooms in SE Portla | 2BR/1.0BA | 2BR,1BA | $1.50 |
| Eleven Pines | 2x2 Renovated | 2BR,2BA | $1.57 |
| Foothills Apartments | 2 Bedroom / 2 Bath | 2BR,2BA | $1.57 |
| Villa 162 Apartments | 2 Bed / 1.5 Bath | 2BR,1.5BA | $1.36 |
| Sherman Villa | 2BR | 2BR,2BA | $1.53 |
| Parkside Manor | 2BR/1.0BA | 2BR,1BA | $1.58 |
| Eastwood | 2BR/1.0BA | 2BR,1BA | $1.63 |
| Griffin Court | 1BR/1.0BA | 1BR,1BA | $1.64 |
| Greenview Village | 1BR/1.0BA | 1BR,1BA | $1.61 |
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®
48 / 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 the price of a cheap apartment in Centennial?
The cheapest apartment in Centennial is Alder Royal Apartments which is listed at $995, while the average apartment in Centennial costs $2,010.
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 3 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 $256 which is $1,754 cheaper than the average rent for all rentals in Centennial.
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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

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.














