Cheap Apartments for Rent in the Centennial Neighborhood of Portland, OR from $800 (21 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Centennial area of Portland.

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Burlwood Apartments
1 to 3 Bedroom Apartments

Burlwood Apartments

14914 SE Division StPortland, OR 97236
  • Utilities Included
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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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The Aurora
1 to 3 Bedroom Apartments

The Aurora

16015 SE Stark StPortland, OR 97233
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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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Alder Village
Studio to 3 Bedroom Apartments

Alder Village

16000 SE Alder 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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Rose Apartments
1 to 3 Bedroom Apartments

Rose Apartments

1200 SE 162nd AvePortland, OR 97233
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Executive East
1 to 3 Bedroom Apartments

Executive East

533-615 SE 160th AvePortland, 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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Griffin Court
1 to 2 Bedroom Apartments

Griffin Court

15301-15353 SE Division StPortland, OR 97236
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Carrington Square
1 to 2 Bedroom Apartments

Carrington Square

637 SE 182nd AvePortland, OR 97233

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 ListingModel NameBed/BathPriced From
Keystone East Apartment HomesSmStudio,1BA$950
Alder Royal Apartments1BR/1.0BA1BR,1BA$995
Crofton Apartments2BD/1BTH2BR,1BA$1,000
The Aurora1X11BR,1BA$1,034
Executive East1BR/1.0BA1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Rockrose Apartments2x1.5 townhouse2BR,1.5BA$1.56
Maple Meadows-cozy 2 bedrooms in SE Portla2BR/1.0BA2BR,1BA$1.50
Eleven Pines2x2 Renovated2BR,2BA$1.57
Foothills Apartments2 Bedroom / 2 Bath2BR,2BA$1.57
Villa 162 Apartments2 Bed / 1.5 Bath2BR,1.5BA$1.36
Sherman Villa2BR2BR,2BA$1.53
Parkside Manor2BR/1.0BA2BR,1BA$1.58
Eastwood2BR/1.0BA2BR,1BA$1.63
Griffin Court1BR/1.0BA1BR,1BA$1.64
Greenview Village1BR/1.0BA1BR,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

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.

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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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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.