Cheap Homes for Rent in Centennial Neighborhood of Portland, OR from $1,500 (6 Rentals)
Search the lowest-cost Homes available for rent right now in the Centennial area of Portland.

17871-17883 SE Division
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.

16825 SE Powell Blvd

17119 SE Powell Blvd

15421 SE Stark Street
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.
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 | $1,800 | $1,550 | $2,155 |
Centennial 3 Bedroom Homes for Rent | $2,584 | $2,195 | $3,100 |
Centennial 4 Bedroom Homes for Rent | $3,517 | $2,940 | $4,095 |
Browse Homes for Rent in this Neighborhood
There are currently 6 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 Alder Royal Apartments priced from $995. Keystone East Apartment Homes has the second lowest priced unit, which is a Studio apartment currently listed from $1,045. Here are the most affordable Centennial apartments for rent in Portland, OR:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Alder Royal Apartments | 1BR/1.0BA | 1BR,1BA | $995 |
Keystone East Apartment Homes | STU-Sm | Studio,1BA | $1,045 |
Alder Village | 1BR/1.0BA | 1BR,1BA | $1,100 |
Best Value Apartments for Rent in Centennial, OR
As of July 29, 2025 the best value apartment in the Centennial area is the $1.50 price per square foot 2BR/1.0BA Model at Maple Meadows in the in the East Portland neighborhood starting from $1,499. The second greatest value Centennial apartment is the 2x2 Classic Model at Township Eastside starting at $1,470 with a $1.48 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. |
---|---|---|---|
Maple Meadows | 2BR/1.0BA | 2BR,1BA | $1.50 |
Township Eastside | 2x2 Classic | 2BR,2BA | $1.48 |
Foothills Apartments | 2 Bedroom / 2 Bath | 2BR,2BA | $1.57 |
Powell Court | 2 Bedroom 1 Bath | 2BR,1BA | $1.62 |
Sherman Villa | 2BR | 2BR,2BA | $1.55 |
1855 SE 162nd Ave, Unit 1855 | 1855 SE 162nd Ave | 2BR,1BA | $1.58 |
Carrington Square | 2BR/1.0BA | 2BR,1BA | $1.66 |
Trailside | 1 Bedroom 1 Bath | 1BR,1BA | $1.65 |
Griffin Court | 1BR/1.0BA | 1BR,1BA | $1.64 |
Parkside Manor | 1BR/1.0BA | 1BR,1BA | $1.67 |
Frequently Asked Questions about Centennial
What type of rentals are currently available in Centennial?
There are currently 140 Apartments for Rent in Centennial, OR with pricing that ranges from $995 to $2,700. There are also 17 Single Family Homes for rent, Condos, and Townhome rentals currently available in Centennial ranging from $1,550 to $4,095.
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 $1,550 to $4,095 with an average monthly rent of $2,633.
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.

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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.