
Cheap Homes for Rent in Central Eastside Neighborhood of Portland, OR from $1,500 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the Central Eastside area of Portland.


2415 SE Madison St
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.

2416 SE Morrison St
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.

1704 Southeast Ankeny Street, Unit Apt A
Central Eastside, Portland, OR Local Guide

How much does it cost to rent a home in Central Eastside?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Central Eastside 2 Bedroom Homes for Rent | $2,738 | $1,965 | $3,250 |
Central Eastside 3 Bedroom Homes for Rent | $2,750 | $2,750 | $2,750 |
Central Eastside 4 Bedroom Homes for Rent | $3,681 | $3,095 | $4,400 |
Central Eastside 5 Bedroom Homes for Rent | $4,450 | $4,450 | $4,450 |
Browse Homes for Rent in this Neighborhood
There are currently 5 rentals with your search options within a 1 mile radius of the Central Eastside Neighborhood of Portland, OR.
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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 Modern Rich Apartments priced from $649. 5th Avenue Place Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $795. Here are the most affordable Central Eastside apartments for rent in Portland, OR:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Modern Rich Apartments | 0BR/1.0BA | Studio,1BA | $649 |
5th Avenue Place Apartments | Studio, 1 bath | Studio,1BA | $795 |
Morrison Park Apartments | Studio - 50% | Studio,1BA | $800 |
Best Value Apartments for Rent in Central Eastside, OR
As of July 07, 2025 the best value apartment in the Central Eastside area is the $1.91 price per square foot Plan 2CR Model at Essex House in the in the Downtown neighborhood starting from $2,646. The second greatest value Central Eastside apartment is the 2x2 989 sq. ft. Harrison Model at linc245 Apartments starting at $2,315 with a $2.34 price per square foot in the Southwest Portland 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. |
---|---|---|---|
Essex House | Plan 2CR | 2BR,2BA | $1.91 |
linc245 Apartments | 2x2 989 sq. ft. Harrison | 2BR,2BA | $2.34 |
Parkview Apartments | 1bd1ba2fl 810 | 1BR,1BA | $1.88 |
327 Northwest Park Avenue, Unit Apartment 3-D | 327 Northwest Park Avenue | 1BR,1BA | $2.26 |
linc301 Apartments | 1x1 620 sq. ft. Hawthorne | 1BR,1BA | $2.19 |
Waterleaf | Studio-60% | Studio ,1BA | $2.13 |
Melcliff Apartments | 1BR/1.0BA | 1BR,1BA | $2.23 |
5th Avenue Place Apartments | Studio, 1 bath | Studio ,1BA | $1.67 |
Pacific Tower Apartments | Studio | Studio ,1BA | $2.25 |
Modern Rich Apartments | 0BR/1.0BA | Studio ,1BA | $2.16 |
Quick Rent Budget Calculator
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Frequently Asked Questions about Central Eastside
What type of rentals are currently available in Central Eastside?
There are currently 433 Apartments for Rent in Central Eastside, OR with pricing that ranges from $649 to $20,000. There are also 19 Single Family Homes for rent, Condos, and Townhome rentals currently available in Central Eastside ranging from $1,500 to $4,450.
What is the current price range for Rental Homes in Central Eastside?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Central Eastside ranges from $1,500 to $4,450 with an average monthly rent of $2,853.
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.

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.

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.

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.

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.