
Cheap Apartments for Rent in the Centennial Neighborhood of Portland, OR from $500 (52 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

17452 SE Powell Blvd

Alder Royal Apartments

15812 SE Division St

15790-15820 SE Division St

15790 SE Division St

Arbor View Apartments
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.

16964 SE Stark St

16932 SE Powell Blvd

Villa 162 Apartments

The Jamico

Bridge City Apartments

Carrington Square

Rosewood Apartments

Powell Court

Andrea Place Apartments

Griffin Court
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.

Greenview Terrace

Burlwood Apartments

The Alexis Apartments

Fir Haven Mobile Home Park

The Aurora

Central East Apartments

Emerald Park Apartments

1200 SE 162nd Ave

2639 SE 145th Ave

2633 SE 145th Ave
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.

2629 SE 145th Ave

Stark Street Crossing

Victoria Gardens Apartments

Spruce Park Apartments

Country Square

Eastwood Apartments

17223 SE Woodward Ct

Executive East

Applegate Apartments

Taylene Court
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Greenview Village

Rosewood Park

Powell Butte Townhomes

Division Star

East Stark Apartments

Walnut Terrace

Kimberly Dawn

Maple Meadows Apartments

Trailside

Eastside Village Apartments
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
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 | $1,007 | $915 | $1,100 |
| Centennial 1 Bedroom Apartments | $1,283 | $985 | $1,595 |
| Centennial 2 Bedroom Apartments | $1,485 | $1,095 | $1,795 |
| Centennial 3 Bedroom Apartments | $2,055 | $1,940 | $2,250 |
Browse Apartments in this Neighborhood
There are currently 52 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 2 Beds unit found at Crofton Apartments priced from $1,000. Alder Royal Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,100. Here are the most affordable Centennial apartments for rent in Portland, OR:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Crofton Apartments | 2BD/1BTH | 2BR,1BA | $1,000 |
| Alder Royal Apartments | 0BR/1.0BA | Studio,1BA | $1,100 |
| Stark Street Crossing | 1BR/1.0BA | 1BR,1BA | $1,150 |
| Country Square | 1BR/1.0BA | 1BR,1BA | $1,250 |
| Spruce Park Apartments | 1 Bedroom | 1BR,1BA | $1,250 |
| Bridge City Apartments | 1 Bed 1 Bath | 1BR,1BA | $1,295 |
| Villa 162 Apartments | 2 Bed / 1.5 Bath | 2BR,1BA | $1,295 |
| Trailside | 1 Bedroom 1 Bath | 1BR,1BA | $1,300 |
| Carrington Square | 2BR/1.0BA | 2BR,1BA | $1,300 |
| Eastside Village Apartments | 2BR/1.0BA | 2BR,1BA | $1,349 |
Best Value Apartments for Rent in Centennial, OR
As of April 10, 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 $1,544 with a $1.55 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 | $1.55 |
| Foothills Apartments | 2 Bedroom / 2 Bath | 2BR,2BA | $1.62 |
| Sherman Villa | 2BR | 2BR,2BA | $1.53 |
| Villa 162 Apartments | 2 Bed / 1.5 Bath | 2BR,1.5BA | $1.36 |
| Rosewood Park | 2BR/1.0BA | 2BR,1BA | $1.53 |
| Greenview Village | 2BR/1.0BA | 2BR,1BA | $1.54 |
| Carrington Square | 2BR/1.0BA | 2BR,1BA | $1.55 |
| Trailside | 1 Bedroom 1 Bath | 1BR,1BA | $1.59 |
| Crofton Apartments | 2BD/1BTH | 2BR,1BA | $1.29 |
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 $1,150 at Alder Royal Apartments.
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 $1,000 at Crofton Apartments.
What is the most affordable Centennial Three Bedroom Apartment?
The best deal on a cheap Centennial Three Bedroom Apartment rental is at Eastside Village Apartments and starts from $1,545.
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.