Cheap Apartments for Rent in the Central Eastside Neighborhood of Portland, OR from $600 (73 Rentals)

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

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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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.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Grand Oak Apartments
Studio to 1 Bedroom Apartments

Grand Oak Apartments

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

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.

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Yamhill at Sixth
Studio to 1 Bedroom Apartments

Yamhill at Sixth

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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Everett Micro Lofts
Studio Apartments

Everett Micro Lofts

306-318 NW BroadwayPortland, OR 97209
Student Housing
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Warnell Apartments!
Studio to 1 Bedroom Apartments

Warnell Apartments!

1512 SE 16th AvePortland, OR 97214
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Lynnwood Apartments
Studio to 2 Bedroom Apartments

Lynnwood Apartments

1634 SE Hawthorne BlvdPortland, OR 97214
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Del Rey Apartments
Studio to 1 Bedroom Apartments

Del Rey Apartments

2555 NE Glisan StPortland, OR 97232
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Glee Apartments
Studio to 2 Bedroom Apartments

Glee Apartments

455 NE 24th AvePortland, OR 97232
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The Morrison
Studio Apartments

The Morrison

717-735 SE Morrison StPortland, OR 97214
  • Utilities Included
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Water Meade Apartments
Studio to 2 Bedroom Apartments

Water Meade Apartments

103 S Meade StPortland, OR 97201
  • Utilities Included

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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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 5th Avenue Place Apartments priced from $795. Terrace Court has the second lowest priced unit, which is a Studio apartment currently listed from $895. Here are the most affordable Central Eastside apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
5th Avenue Place ApartmentsStudioStudio,1BA$795
Terrace CourtStudioStudio,1BA$895
Pacific Tower ApartmentsStudioStudio,1BA$900
The Yards at Union StationSTUDIO BStudio,1BA$900
Wellesley Court Apartments0BR/1.0BAStudio,1BA$925
Koz on 13thStudioStudio,1BA$943
Warnell Apartments!0BR/1.0BAStudio,1BA$995
WaterleafStudio-60%Studio,1BA$999
Acqua Apartments - Student AffordableStudioStudio,1BA$1,005
St. Francis ParkStudioStudio,1BA$1,118

Best Value Apartments for Rent in Central Eastside, OR

As of November 01, 2025 the best value apartment in the Central Eastside area is the $1.98 price per square foot 131 SW Hooker St Model at 131 SW Hooker St, Unit 131 in the in the Southwest Portland neighborhood starting from $2,175. The second greatest value Central Eastside apartment is the 2322 SE Main St Model at 2322 SE Main St, Unit SE Hawthorne Upper Apt starting at $1,950 with a $2.03 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.
131 SW Hooker St, Unit 131131 SW Hooker St2BR,1BA$1.98
2322 SE Main St, Unit SE Hawthorne Upper Apt2322 SE Main St1BR,1BA$2.03
327 Northwest Park Avenue, Unit Apartment 3-D327 Northwest Park Avenue1BR,1BA$2.26
Wellesley Court Apartments1BR/1.0BA1BR,1BA$2.00
linc301 Apartments1x1 620 sq. ft. Hawthorne1BR,1BA$2.19
Morrison Park Apartments2BR/1.0BA2BR,1BA$1.95
WaterleafStudio-60%Studio ,1BA$1.74
5th Avenue Place ApartmentsStudioStudio ,1BA$1.67
The Yards at Union StationSTUDIO BStudio ,1BA$2.02
Pacific Tower ApartmentsStudioStudio ,1BA$2.25

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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Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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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 #25

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.

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 the Cheapest Studio apartment in Central Eastside?

Currently the most affordable Cheap Studio Apartment in Central Eastside is at 5th Avenue Place Apartments listed at $795.

How much is rent for a Cheap One Bedroom Central Eastside Apartment?

The lowest price for a Cheap One Bedroom Central Eastside Apartment is $955 at Pacific Tower Apartments.

What is the lowest price for a Cheap Two Bedroom Central Eastside Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Central Eastside is starting from $1,200 at Morrison Park Apartments.

What is the most affordable Central Eastside Three Bedroom Apartment?

The best deal on a cheap Central Eastside Three Bedroom Apartment rental is at Acqua Apartments - Student Affordable and starts from $1,297.

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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.