Cheap Apartments for Rent in the Central Eastside Neighborhood of Portland, OR from $600 (80 Rentals)

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

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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.

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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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Grand Oak Apartments
Studio to 1 Bedroom Apartments

Grand Oak Apartments

400-418 SE Grand AvePortland, OR 97214
  • Utilities Included

Portland’s Best Affordable Neighborhoods

Learn about Portland and the best places to live with original content written by our Portland, OR Local Expert Chad Deitchley

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Yamhill Apartments
Studio to 1 Bedroom Apartments

Yamhill Apartments

630 SE Yamhill StPortland, OR 97214
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Terrace Court
Studio Apartments

Terrace Court

815 SE Washington StPortland, OR 97214
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Central Eastside, Portland, OR Local Guide

Cheapest Available Central Eastside Apartments for Rent

 

The cheapest available apartment rental in the Central Eastside area of Portland, OR is a Studio unit found at Modern Rich Apartments priced from $649. Morrison Park Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $800. Here are the most affordable Central Eastside apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Modern Rich Apartments0BR/1.0BAStudio,1BA$649
Morrison Park ApartmentsStudio - 50%Studio,1BA$800
Terrace CourtStudioStudio,1BA$895
Melcliff Apartments0BR/1.0BAStudio,1BA$950
Koz on 13thStudioStudio,1BA$952
Pacific Tower ApartmentsStudio1BR,1BA$1,000
The Yards at Union StationONE BEDROOM C1BR,1BA$1,100
AcquaStudioStudio,1BA$1,125
Lower Burnside LoftsEff1Studio,1BA$1,130
Buckman HeightsStudio - Income Restrictions ApplyStudio,1BA$1,183

Best Value Apartments for Rent in Central Eastside, OR

As of June 27, 2025 the best value apartment in the Central Eastside area is the $2.29 price per square foot Morrison Studio B Model at Honeyman Hardware Lofts in the in the Pearl District neighborhood starting from $2,475. The second greatest value Central Eastside apartment is the 1bd1ba1fl 750 Model at Parkview Apartments starting at $1,485 with a $1.98 price per square foot in the Southeast Portland neighborhood. Here is today’s list of the best values for Central Eastside apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Honeyman Hardware LoftsMorrison Studio BStudio ,1BA$2.29
Parkview Apartments1bd1ba1fl 7501BR,1BA$1.98
327 Northwest Park Avenue, Unit Apartment 3-D327 Northwest Park Avenue1BR,1BA$2.26
LindenBuckman1BR,1BA$2.33
linc301 Apartments1x1 620 sq. ft. Hawthorne1BR,1BA$2.19
Essex HousePlan 1AR1BR,1BA$2.41
Skylar GrandUrban 1 Bedroom 01HStudio ,1BA$2.43
WaterleafStudio-60%Studio ,1BA$2.13
Terrace CourtStudioStudio ,1BA$2.39
Modern Rich Apartments0BR/1.0BAStudio ,1BA$2.16

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Central Eastside, Portland, OR

Ranked #27

Among neighborhoods in Portland, OR for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of neighborhoods, areas, and rental properties across Oregon including Central Eastside, Portland, and the greater Portland area. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including our Star Ratings to compare for easy access to the parks, luxury amenities, apartment communities for the kids, raising pets, transit options, and how walkable or bikeable each community and area is. These search options are in the site filters at the top of this page.

Getting Around the Central Eastside Neighborhood in Portland, OR

Walk Score®

84 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

100 / 100

Biker's Paradise

Daily errands can be accomplished on a bike

Transit Score®

80 / 100

Excellent Transit

Transit is convenient for most trips

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Central Eastside Apartments

What is a cheap apartment in Central Eastside?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Central Eastside is under $1,183.

What is the price of a cheap apartment in Central Eastside?

The cheapest apartment in Central Eastside is Pacific Tower Apartments which is listed at $1,000, while the average apartment in Central Eastside costs $2,935.

What types of apartments are the cheapest in Central Eastside?

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 40 regular apartments in Central Eastside 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 Central Eastside?

Cheap apartments in Central Eastside have an average cost of $131 which is $2,804 cheaper than the average rent for all rentals in Central Eastside.

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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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.

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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.