
Cheap Apartments for Rent in the Central Eastside Neighborhood of Portland, OR from $400 (107 Rentals)
Search the lowest-cost Apartments available for rent right now in the Central Eastside area of Portland.


Waterleaf

Helen Swindells Building

Modern Rich Apartments

Morrison Park Apartments

Fifth Avenue Place Apartments

The Yards at Union Station

318 NW Broadway

919 NE 19th Ave

Pacific Tower Apartments
From Arts to Eats: A Local Insider's Guide to Living in Portland's Best Spots
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Koz on 13th

The Morrison

St. Francis Park

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Grand Belmont

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Jute Apartments

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38 Davis

Brooklyn Flats

Buckman Heights

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The Douglas

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Tempo PDX
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Hygge

The Marilyn

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Goat Blocks

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Denizen OR

1475 SE 15th Ave

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730 NW Naito Pkwy, Unit SI FL1-ID15

3025 SE 20th Ave, Unit 3025

The Lower Burnside Lofts

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230 Ash
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

Couch9

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Portland Astoria

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Anthem PDX

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Holloway

Essex House

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Cyan/PDX

Memoir Buckman

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Yard

East of Eleven

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Amara
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The Linden

300 NW 8th Ave, Unit 203

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Parkview Apartments

linc245 Apartments

linc301 Apartments

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Collective on 4th

Harrison Tower Apartment Homes

The Dorian

411 NW Flanders St, Unit 605

327 Northwest Park Avenue, Unit Apartment 3-D
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Central Eastside, Portland, OR Local Guide

How much does it cost to rent an apartment in Central Eastside?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Central Eastside Studio Apartments | $1,387 | $470 | $2,016 |
| Central Eastside 1 Bedroom Apartments | $1,732 | $1,056 | $3,275 |
| Central Eastside 2 Bedroom Apartments | $2,338 | $1,264 | $4,771 |
| Central Eastside 3 Bedroom Apartments | $3,288 | $1,458 | $10,000+ |
| Central Eastside 4 Bedroom Apartments | $13,564 | $10,000 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 107 rentals with your search options within a 1 mile radius of the Central Eastside Neighborhood of Portland, OR.
See all Apartments in PortlandExplore Portland
Central Eastside, Portland, OR Local Guide
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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 Waterleaf priced from $480. Helen Swindells Building has the second lowest priced unit, which is a Studio apartment currently listed from $500. Here are the most affordable Central Eastside apartments for rent in Portland, OR:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Waterleaf | Studio | Studio,1BA | $480 |
| Helen Swindells Building | 0x1 | Studio,1BA | $500 |
| Modern Rich Apartments | 0BR/1.0BA | Studio,1BA | $649 |
| Fifth Avenue Place Apartments | Studio 425 | Studio,1BA | $875 |
| The Yards at Union Station | Studio - Income Restricted | Studio,1BA | $899 |
| Wellesley Court Apartments | 0BR/1.0BA | Studio,1BA | $995 |
| The Morrison | Morrison Top Floor Studios | Studio,1BA | $1,050 |
| Skylar Grand | Studio 01D [Inclusionary Housing] | Studio,1BA | $1,089 |
| St. Francis Park | Studio | Studio,1BA | $1,118 |
| Pacific Tower Apartments | Studio 60% 380 | Studio,1BA | $1,125 |
Best Value Apartments for Rent in Central Eastside, OR
As of July 25, 2026 the best value apartment in the Central Eastside area is the $1.64 price per square foot 1621 SE Pine St Model at 1621 SE Pine St, Unit Main Floor in the in the Southeast Portland neighborhood starting from $2,950. The second greatest value Central Eastside apartment is the 105 Model at Everett Station Lofts starting at $1,847 with a $2.06 price per square foot in the Pearl District neighborhood. Here is today’s list of the best values for Central Eastside apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1621 SE Pine St, Unit Main Floor | 1621 SE Pine St | 3BR,1BA | $1.64 |
| Everett Station Lofts | 105 | 1BR,1BA | $2.06 |
| Ella Marie Apartments | 1 Bedroom Coming Soon! | 1BR,1BA | $2.24 |
| 327 Northwest Park Avenue, Unit Apartment 3-D | 327 Northwest Park Avenue | 1BR,1BA | $2.26 |
| Buckman Terrace | Make Buckman Terrace 1BR/1BA 705 sq ft your Por... | 1BR,1BA | $1.99 |
| Waterleaf | 1 Bedroom 1 Bath | 1BR,1BA | $1.90 |
| The Yards at Union Station | One-Bedroom | 1BR,1BA | $2.02 |
| Honeyman Hardware Lofts | Broadway Studio B | Studio ,1BA | $2.14 |
| Fifth Avenue Place Apartments | Studio 425 | Studio ,1BA | $2.06 |
| Modern Rich Apartments | 0BR/1.0BA | Studio ,1BA | $2.16 |
The Portland Power Commute: Top Neighborhoods for Renters Near the City’s Major Job Hubs
Balance work and life in Portland. Explore the neighborhoods for renting that offer great amenities and quick commutes to the city's top major employers. Find your Portland apartment today!
Read ArticleDon't Settle: How to Negotiate Your Apartment Lease and Save Money
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Read ArticleA Local Experts Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Portland
A Local Experts guide to the Best Student Friendly Neighborhoods Near Colleges in the Portland area. Find your perfect Student apartment, condo, or rental home today
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick 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.
Pet Friendly LifestyleCentral Eastside, Portland, OR
Ranked #28
Among cities in Oregon for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
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.
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 $1,125.
What is the price of a cheap apartment in Central Eastside?
The cheapest apartment in Central Eastside is Fifth Avenue Place Apartments which is listed at $1,100, while the average apartment in Central Eastside costs $15,991.
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 80 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 $439 which is $15,552 cheaper than the average rent for all rentals in Central Eastside.
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
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.

The Portland Power Commute: Top Neighborhoods for Renters Near the City’s Major Job Hubs
Written by: Chad Deitchley
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.

Local Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Portland
Written by: Chad Deitchley
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.

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.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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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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Written by: Robin Stewart
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.