
Cheap Apartments for Rent in the Centennial Neighborhood of Portland, OR from $800 (22 Rentals)
Search the lowest-cost Apartments available for rent right now in the Centennial area of Portland.


D Street Salal Apartments

15764 SE Division St

Alder Village

Alder Royal Apartments

Arbor View Apartments

17462 SE Powell Blvd
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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 | $965 | $915 | $1,050 |
| Centennial 1 Bedroom Apartments | $1,269 | $985 | $2,480 |
| Centennial 2 Bedroom Apartments | $1,522 | $1,130 | $1,795 |
| Centennial 3 Bedroom Apartments | $2,136 | $1,940 | $2,400 |
Browse Apartments in this Neighborhood
There are currently 22 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 priced from $915. 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 |
|---|---|---|---|
| Keystone East | SM Studio 355 Sq ft | Studio,1BA | $915 |
| The Aurora | 1X1 | 1BR,1BA | $1,034 |
| Alder Royal Apartments | 1BR/1.0BA | 1BR,1BA | $1,050 |
| Stark Street Crossing | 1BR/1.0BA | 1BR,1BA | $1,100 |
| Eastside Village Apartments | 1BR/1.0BA | 1BR,1BA | $1,149 |
Best Value Apartments for Rent in Centennial, OR
As of December 28, 2025 the best value apartment in the Centennial area is the $1.59 price per square foot 2x1.5 Model at Kensington Terrace - KT-142 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 Portland with laundry & fireplace in unit 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. |
|---|---|---|---|
| Kensington Terrace - KT-142 | 2x1.5 | 2BR,1.5BA | $1.59 |
| Maple Meadows-cozy 2 bedrooms in SE Portland with laundry & fireplace in unit | 2BR/1.0BA | 2BR,1BA | $1.50 |
| Township Eastside | 2x2 Classic | 2BR,2BA | $1.48 |
| Foothills Apartments | 2 Bedroom / 2 Bath | 2BR,2BA | $1.52 |
| Eleven Pines | 2x2 Renovated | 2BR,2BA | $1.68 |
| Sherman Villa | 2BR | 2BR,2BA | $1.53 |
| Villa 162 Apartments | 2 Bed / 1.5 Bath | 2BR,1.5BA | $1.36 |
| Griffin Court | 2BR/1.0BA | 2BR,1BA | $1.61 |
| Trailside | 1 Bedroom 1 Bath | 1BR,1BA | $1.65 |
| The Aurora | 1X1 | 1BR,1BA | $1.64 |
Frequently Asked Questions about Cheap Centennial Apartments
What is the Cheapest Studio apartment in Centennial?
Currently the most affordable Cheap Studio Apartment in Centennial is at Keystone East listed at $915.
How much is rent for a Cheap One Bedroom Centennial Apartment?
The lowest price for a Cheap One Bedroom Centennial Apartment is $1,034 at The Aurora.
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 $1,295 at Villa 162 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 $1,595.
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.
Articles, How-To's, and Tips

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Written by: Justin Habersaat
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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.

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!














