Cheap Homes for Rent in Centennial Neighborhood of Portland, OR from $1,500 (6 Rentals)

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

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.

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.

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 ListingModel NameBed/BathPriced From
Alder Royal Apartments1BR/1.0BA1BR,1BA$995
Keystone East Apartment HomesSTU-SmStudio,1BA$1,045
Alder Village1BR/1.0BA1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Maple Meadows2BR/1.0BA2BR,1BA$1.50
Township Eastside2x2 Classic2BR,2BA$1.48
Foothills Apartments2 Bedroom / 2 Bath2BR,2BA$1.57
Powell Court2 Bedroom 1 Bath2BR,1BA$1.62
Sherman Villa2BR2BR,2BA$1.55
1855 SE 162nd Ave, Unit 18551855 SE 162nd Ave2BR,1BA$1.58
Carrington Square2BR/1.0BA2BR,1BA$1.66
Trailside1 Bedroom 1 Bath1BR,1BA$1.65
Griffin Court1BR/1.0BA1BR,1BA$1.64
Parkside Manor1BR/1.0BA1BR,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.

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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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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.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

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.

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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.