
Cheap Homes for Rent in the Centennial Neighborhood of Portland, OR from $1,200 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the Centennial area of Portland.


16049 SE Caruthers St, Unit 1
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.

16964 SE Stark St

2645 SE 145th Ave
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16745 SE Division St
Centennial, Portland, OR Local Guide

How much does it cost to rent a home in Centennial?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Centennial 2 Bedroom Homes for Rent | $1,250 | $1,250 | $1,250 |
| Centennial 3 Bedroom Homes for Rent | $2,512 | $1,945 | $3,100 |
| Centennial 4 Bedroom Homes for Rent | $2,995 | $2,995 | $2,995 |
Browse Homes for Rent in this Neighborhood
There are currently 5 rentals with your search options within a 2 mile radius of the Centennial Neighborhood of Portland, OR.
Explore Portland
Cheapest Available Centennial Apartments for Rent
 The cheapest available apartment rental in the Centennial area of Portland, OR is a 1 Bed unit found at The Aurora priced from $1,034. Keystone East has the second lowest priced unit, which is a Studio apartment currently listed from $1,040. Here are the most affordable Centennial apartments for rent in Portland, OR:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Aurora | 1X1 | 1BR,1BA | $1,034 |
| Keystone East | 0BR/1.0BA | Studio,1BA | $1,040 |
| Applegate Apartments | 1 Bedroom / 1 Bath | 1BR,1BA | $1,295 |
Best Value Apartments for Rent in Centennial, OR
As of July 27, 2026 the best value apartment in the Centennial area is the $1.47 price per square foot 2 Bedroom 2 Bath Model at Trailside in the in the East Portland neighborhood starting from $1,575. The second greatest value Centennial apartment is the 2BR/1.5BA Model at Griffin Court starting at $1,500 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. |
|---|---|---|---|
| Trailside | 2 Bedroom 2 Bath | 2BR,2BA | $1.47 |
| Griffin Court | 2BR/1.5BA | 2BR,1.5BA | $1.50 |
| Maple Meadows Apartments | 2BR/1.0BA | 2BR,1BA | $1.35 |
| Township Eastside | 2x2 Classic | 2BR,2BA | $1.36 |
| Foothills Apartments | Oak | 2BR,2BA | $1.57 |
| Eleven Pines | 2x2 Renovated | 2BR,2BA | $1.65 |
| Country Square | 2BR/1.0BA | 2BR,1BA | $1.56 |
| Sherman Villa | 2BR | 2BR,2BA | $1.42 |
| 630 SE 182nd Ave, Unit 4 | 630 SE 182nd Ave | 2BR,1.5BA | $1.61 |
| Meadowview East | 2x1 | 2BR,1BA | $1.59 |
Frequently Asked Questions about Centennial
What type of rentals are currently available in Centennial?
There are currently 139 Apartments for Rent in Centennial, OR with pricing that ranges from $985 to $2,250. There are also 12 Single Family Homes for rent, Condos, and Townhome rentals currently available in Centennial ranging from $1,200 to $3,100.
What is the current price range for Rental Homes in Centennial?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Centennial ranges from $1,200 to $3,100 with an average monthly rent of $1,995.
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

From Arts to Eats: A Local Insider's Guide to Living in Portland's Best Spots
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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.

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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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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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Articles, How-To's, and Tips

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There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.