Cheap Apartments for Rent in the Central Eastside Neighborhood of Portland, OR from $400 (107 Rentals)

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

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.

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Koz on 13th
Rent Specials
$1,044 - $1,530
Total Monthly Price

Total Monthly Price

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$1,044 - $1,530

Total Monthly Price
$1,044 - $1,530
Studio to 1 Bedroom Apartments Contact Us For Availability

Koz on 13th

123 SE 13th AvePortland, OR 97214
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Grand Belmont
Rent Specials
$1,144 - $2,235
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$1,144 - $2,235

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Studio to 2 Bedroom Apartments Available Now

Grand Belmont

514 SE Belmont StPortland, OR 97214
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Jute Apartments
Rent Specials
$1,199 - $2,020
Total Monthly Price

Total Monthly Price

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$1,199 - $2,020

Total Monthly Price
$1,199 - $2,020
Studio to 1 Bedroom Apartments Available Now

Jute Apartments

550 SE Martin Luther King Jr BlvdPortland, OR 97214
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38 Davis
Rent Specials
$1,200 - $1,695
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Total Monthly Price

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$1,200 - $1,695

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Studio to 1 Bedroom Apartments Available Now

38 Davis

38 NW Davis StPortland, OR 97209
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The Douglas
$1,275 - $2,950
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Total Monthly Price

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$1,275 - $2,950

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Studio to 4 Bedroom Apartments Available Now

The Douglas

1811 SW River DrPortland, OR 97201
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Tempo PDX
Rent Specials
$1,276 - $4,752
Total Monthly Price

Total Monthly Price

Base Rent
$1,276 - $4,752

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Studio to 2 Bedroom Apartments Available Now

Tempo PDX

80 NE 14th AvePortland, OR 97232
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Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Goat Blocks
Rent Specials
$1,299 - $3,872
Total Monthly Price

Total Monthly Price

Base Rent
$1,299 - $3,872

Total Monthly Price
$1,299 - $3,872
Studio to 3 Bedroom Apartments Available Now

Goat Blocks

975 SE 11th AvePortland, OR 97214
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Denizen OR
Rent Specials
$1,310 - $3,364
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Total Monthly Price

Base Rent
$1,310 - $3,364

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Studio to 2 Bedroom Apartments Available Now

Denizen OR

2050 NE Hoyt StPortland, OR 97232
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230 Ash
Rent Specials
$1,360 - $1,940
Total Monthly Price

Total Monthly Price

Base Rent
$1,360 - $1,940

Total Monthly Price
$1,360 - $1,940
Studio to 1 Bedroom Apartments Available Now

230 Ash

230 SW Ash StPortland, OR 97204
Eco-Friendly
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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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Portland Astoria
Rent Specials
$1,377 - $4,751
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Total Monthly Price

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$1,377 - $4,751

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Studio to 2 Bedroom Apartments Available Now

Portland Astoria

140 SW Columbia StPortland, OR 97201
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Anthem PDX
Rent Specials
$1,387 - $3,555
Total Monthly Price

Total Monthly Price

Base Rent
$1,387 - $3,555

Total Monthly Price
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Studio to 2 Bedroom Apartments Available Now

Anthem PDX

1313 E Burnside StPortland, OR 97232
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Holloway
Rent Specials
$1,399 - $3,125
Total Monthly Price

Total Monthly Price

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$1,399 - $3,125

Total Monthly Price
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Studio to 3 Bedroom Apartments Available Now

Holloway

2050 Northeast Pacific StreetPortland, OR 97232
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Cyan/PDX
Rent Specials
$1,420 - $5,000
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Total Monthly Price

Base Rent
$1,420 - $5,000

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Studio to 3 Bedroom Apartments Available Now

Cyan/PDX

1720 SW 4th AvePortland, OR 97201
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Yard
Rent Specials
$1,446 - $3,275
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Total Monthly Price

Base Rent
$1,446 - $3,275

Total Monthly Price
$1,446 - $3,275
Studio to 2 Bedroom Apartments Available Now

Yard

22 NE 2nd AvePortland, OR 97232
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Amara
Rent Specials
$1,472 - $4,564
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$1,472 - $4,564

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Studio to 3 Bedroom Apartments Available Now

Amara

15 NW Park AvePortland, OR 97209
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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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The Linden
Rent Specials
$1,475 - $4,771
Total Monthly Price

Total Monthly Price

Base Rent
$1,475 - $4,771

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1 to 2 Bedroom Apartments Available Now

The Linden

1250 E Burnside StPortland, OR 97214
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property at 300 NW 8th Ave

$1,495

Total Monthly Price

Total Monthly Price

Base Rent
$1,495

Total Monthly Price
$1,495

Studio, 1 Bath Condo for Rent

Available Now

300 NW 8th Ave, Unit 203

300 NW 8th Ave
PortlandOR97209
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Collective on 4th
Rent Specials
$1,556 - $2,674
Total Monthly Price

Total Monthly Price

Base Rent
$1,556 - $2,674

Total Monthly Price
$1,556 - $2,674
Studio to 2 Bedroom Apartments Available Now

Collective on 4th

1818 SW 4th AvePortland, OR 97201
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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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 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 ListingModel NameBed/BathPriced From
WaterleafStudioStudio,1BA$480
Helen Swindells Building0x1Studio,1BA$500
Modern Rich Apartments0BR/1.0BAStudio,1BA$649
Fifth Avenue Place ApartmentsStudio 425Studio,1BA$875
The Yards at Union StationStudio - Income RestrictedStudio,1BA$899
Wellesley Court Apartments0BR/1.0BAStudio,1BA$995
The MorrisonMorrison Top Floor StudiosStudio,1BA$1,050
Skylar GrandStudio 01D [Inclusionary Housing]Studio,1BA$1,089
St. Francis ParkStudioStudio,1BA$1,118
Pacific Tower ApartmentsStudio 60% 380Studio,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 ListingModel NameBed/BathPrice Per Sq.Ft.
1621 SE Pine St, Unit Main Floor1621 SE Pine St3BR,1BA$1.64
Everett Station Lofts1051BR,1BA$2.06
Ella Marie Apartments1 Bedroom Coming Soon!1BR,1BA$2.24
327 Northwest Park Avenue, Unit Apartment 3-D327 Northwest Park Avenue1BR,1BA$2.26
Buckman TerraceMake Buckman Terrace 1BR/1BA 705 sq ft your Por...1BR,1BA$1.99
Waterleaf1 Bedroom 1 Bath1BR,1BA$1.90
The Yards at Union StationOne-Bedroom1BR,1BA$2.02
Honeyman Hardware LoftsBroadway Studio BStudio ,1BA$2.14
Fifth Avenue Place ApartmentsStudio 425Studio ,1BA$2.06
Modern Rich Apartments0BR/1.0BAStudio ,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!

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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A 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

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Real 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.

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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 #28

Among cities in Oregon 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.

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

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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.

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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.

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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.

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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.

Articles, How-To's, and Tips

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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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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

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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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

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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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

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.