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

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

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

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Greenview Terrace
1 to 2 Bedroom Apartments

Greenview Terrace

620 SE 148th AvePortland, OR 97233
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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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Emerald Park Apartments
1 to 3 Bedroom Apartments

Emerald Park Apartments

646-664 SE 148th AvePortland, OR 97233
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1200 SE 162nd Ave
1 to 3 Bedroom Apartments

1200 SE 162nd Ave

1200 SE 162nd AvePortland, OR 97233

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.

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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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Country Square
1 to 3 Bedroom Apartments

Country Square

15151 SE Stark StPortland, 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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Taylene Court
2 Bedroom Apartments

Taylene Court

15340 SE Stark StPortland, OR 97233

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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.

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Greenview Village
1 to 2 Bedroom Apartments

Greenview Village

14998 SE Stark StPortland, OR 97233
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Rosewood Park
2 Bedroom Apartments

Rosewood Park

16836 SE Stark StPortland, OR 97233
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Division Star
1 to 2 Bedroom Apartments

Division Star

2624-2640 SE 170th AvePortland, OR 97236
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East Stark Apartments
Studio to 2 Bedroom Apartments

East Stark Apartments

17010 SE Stark StPortland, OR 97233
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Walnut Terrace
1 to 2 Bedroom Apartments

Walnut Terrace

15220 SE Stark StPortland, OR 97233
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Kimberly Dawn
2 Bedroom Apartments

Kimberly Dawn

15007-15043 SE Powell BlvdPortland, OR 97236
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Trailside
1 to 3 Bedroom Apartments

Trailside

4850 SW 11th StGresham, OR 97080
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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.

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 ListingModel NameBed/BathPriced From
Crofton Apartments2BD/1BTH2BR,1BA$1,000
Alder Royal Apartments0BR/1.0BAStudio,1BA$1,100
Stark Street Crossing1BR/1.0BA1BR,1BA$1,150
Country Square1BR/1.0BA1BR,1BA$1,250
Spruce Park Apartments1 Bedroom1BR,1BA$1,250
Bridge City Apartments1 Bed 1 Bath1BR,1BA$1,295
Villa 162 Apartments2 Bed / 1.5 Bath2BR,1BA$1,295
Trailside1 Bedroom 1 Bath1BR,1BA$1,300
Carrington Square2BR/1.0BA2BR,1BA$1,300
Eastside Village Apartments2BR/1.0BA2BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Griffin Court2BR/1.5BA2BR,1.5BA$1.50
Township Eastside2x2 Classic2BR,2BA$1.55
Foothills Apartments2 Bedroom / 2 Bath2BR,2BA$1.62
Sherman Villa2BR2BR,2BA$1.53
Villa 162 Apartments2 Bed / 1.5 Bath2BR,1.5BA$1.36
Rosewood Park2BR/1.0BA2BR,1BA$1.53
Greenview Village2BR/1.0BA2BR,1BA$1.54
Carrington Square2BR/1.0BA2BR,1BA$1.55
Trailside1 Bedroom 1 Bath1BR,1BA$1.59
Crofton Apartments2BD/1BTH2BR,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

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A Portland Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent

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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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Local Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Portland

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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.

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The Portland Power Commute: Top Neighborhoods for Renters Near the City’s Major Job Hubs

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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.

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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

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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.

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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.

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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.

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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.