Cheap Homes for Rent in Central Eastside Neighborhood of Portland, OR from $1,400 (7 Rentals)

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

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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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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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. Pacific Tower Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $900. Here are the most affordable Central Eastside apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
5th Avenue Place ApartmentsStudioStudio,1BA$795
Pacific Tower ApartmentsStudioStudio,1BA$900
Acqua Apartments - Student AffordableStudioStudio,1BA$924

Best Value Apartments for Rent in Central Eastside, OR

As of October 15, 2025 the best value apartment in the Central Eastside area is the $2.03 price per square foot 2322 SE Main St Model at 2322 SE Main St, Unit SE Hawthorne Upper Apt in the in the Southeast Portland neighborhood starting from $1,950. The second greatest value Central Eastside apartment is the A01 Model at Slate Apartments starting at $1,675 with a $2.20 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.
2322 SE Main St, Unit SE Hawthorne Upper Apt2322 SE Main St1BR,1BA$2.03
Slate ApartmentsA011BR,1BA$2.20
Wellesley Court Apartments1BR/1.0BA1BR,1BA$1.91
linc301 Apartments1x1 620 sq. ft. Hawthorne1BR,1BA$2.02
Morrison Park Apartments2BR/1.0BA2BR,1BA$1.95
WaterleafStudio-60%Studio ,1BA$2.13
5th Avenue Place ApartmentsStudioStudio ,1BA$1.67
The Yards at Union StationSTUDIO BStudio ,1BA$2.24
Acqua Apartments - Student AffordableStudioStudio ,1BA$2.12
Pacific Tower ApartmentsStudioStudio ,1BA$2.25

Quick Rent Budget Calculator

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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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Frequently Asked Questions about Central Eastside

What type of rentals are currently available in Central Eastside?

There are currently 438 Apartments for Rent in Central Eastside, OR with pricing that ranges from $626 to $13,903. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Central Eastside ranging from $1,450 to $7,550.

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 $1,450 to $7,550 with an average monthly rent of $2,799.

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 $1,535 to $8,492, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,695 to $5,000. Four Bedroom Single-Family rentals are also available starting from $4,100 and Four Bedroom Apartments start at $8,937.

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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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.

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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.