
Cheap Homes for Rent in Central Eastside Neighborhood of Portland, OR from $1,200 (7 Rentals)
Search the lowest-cost Homes available for rent right now in the Central Eastside area of Portland.


411 NW Flanders St, Unit # 606

333 NW 9th Ave
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255 SW Harrison St

1704 Southeast Ankeny Street, Unit Apt A
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111 SW Harrison St, Unit 111 SW Harrison St. #11G
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 | $3,247 | $1,990 | $6,550 |
Central Eastside 3 Bedroom Homes for Rent | $2,815 | $2,700 | $2,995 |
Central Eastside 4 Bedroom Homes for Rent | $4,368 | $3,995 | $4,750 |
Browse Homes for Rent in this Neighborhood
There are currently 7 rentals with your search options within a 1 mile radius of the Central Eastside Neighborhood of Portland, OR.
Explore 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 St. Francis Park priced from $536. Alder 9 has the second lowest priced unit, which is a Studio apartment currently listed from $626. Here are the most affordable Central Eastside apartments for rent in Portland, OR:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
St. Francis Park | Studio | Studio,1BA | $536 |
Alder 9 | Studio 30% | Studio,1BA | $626 |
5th Avenue Place Apartments | Studio, 1 bath | Studio,1BA | $845 |
Best Value Apartments for Rent in Central Eastside, OR
As of August 30, 2025 the best value apartment in the Central Eastside area is the $1.91 price per square foot 2717 SE 15th Ave., Lower Model at 2717 SE 15th Ave., Lower, Unit United States in the in the Southeast Portland neighborhood starting from $1,525. The second greatest value Central Eastside apartment is the 327 Northwest Park Avenue Model at 327 Northwest Park Avenue, Unit Apartment 3-D starting at $1,650 with a $2.26 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. |
---|---|---|---|
2717 SE 15th Ave., Lower, Unit United States | 2717 SE 15th Ave., Lower | 2BR,1BA | $1.91 |
327 Northwest Park Avenue, Unit Apartment 3-D | 327 Northwest Park Avenue | 1BR,1BA | $2.26 |
Wellesley Court Apartments | 1BR/1.0BA | 1BR,1BA | $1.65 |
linc301 Apartments | 1x1 620 sq. ft. Hawthorne | 1BR,1BA | $2.17 |
Waterleaf | Studio-60% | Studio ,1BA | $2.13 |
Melcliff Apartments | 0BR/1.0BA | Studio ,1BA | $1.57 |
5th Avenue Place Apartments | Studio, 1 bath | Studio ,1BA | $1.78 |
The Yards at Union Station | STUDIO B | Studio ,1BA | $2.02 |
Pacific Tower Apartments | Studio | Studio ,1BA | $2.25 |
St. Francis Park | Studio | Studio ,1BA | $1.34 |
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.
Pet Friendly LifestyleCentral Eastside, Portland, OR
Ranked #26
Among cities in Oregon for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about Central Eastside
What type of rentals are currently available in Central Eastside?
There are currently 439 Apartments for Rent in Central Eastside, OR with pricing that ranges from $626 to $6,400. There are also 26 Single Family Homes for rent, Condos, and Townhome rentals currently available in Central Eastside ranging from $1,295 to $6,550.
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 $1,295 to $6,550 with an average monthly rent of $2,758.
How much are larger Three and Four Bedroom Rentals in Central Eastside?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Central Eastside range from $1,773 to $6,400, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,700 to $2,995. Four Bedroom Single-Family rentals are also available starting from $3,995 and Four Bedroom Apartments start at $2,495.
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.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.