
Cheap Homes for Rent in Central Northeast Portland Neighborhood of Portland, OR from $1,200 (9 Rentals)
Search the lowest-cost Homes available for rent right now in the Central Northeast Portland area of Portland.


5303 NE 72nd Ave.

5404 NE 54th Ave

4609-4609 NE Killingsworth St
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.

4609-4609 NE Killingsworth St

4609-4609 NE Killingsworth St

4105 NE Killingsworth St

3620-3628 NE 45th Ave
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.

4101 NE Killingsworth St
Central Northeast Portland, Portland, OR Local Guide

How much does it cost to rent a home in Central Northeast Portland?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Central Northeast Portland 2 Bedroom Homes for Rent | $2,240 | $1,695 | $4,500 |
| Central Northeast Portland 3 Bedroom Homes for Rent | $3,158 | $1,950 | $5,800 |
| Central Northeast Portland 4 Bedroom Homes for Rent | $4,119 | $4,119 | $4,119 |
Browse Homes for Rent in this Neighborhood
There are currently 9 rentals with your search options within a 1 mile radius of the Central Northeast Portland Neighborhood of Portland, OR.
Explore Portland
Cheapest Available Central Northeast Portland Apartments for Rent
 The cheapest available apartment rental in the Central Northeast Portland area of Portland, OR is a Studio unit found at Las Adelitas priced from $619. Villas de Mariposas has the second lowest priced unit, which is a 2 Beds apartment currently listed from $658. Here are the most affordable Central Northeast Portland apartments for rent in Portland, OR:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Las Adelitas | Studio - 30% AMI | Studio,1BA | $619 |
| Villas de Mariposas | 2 Bedroom 1 Bath | 2BR,1BA | $658 |
| Hayu Tilixam | Two Bedroom | 2BR,2BA | $668 |
Best Value Apartments for Rent in Central Northeast Portland, OR
As of January 02, 2026 the best value apartment in the Central Northeast Portland area is the $0.63 price per square foot 2 Bedroom 1 Bath Model at Villas de Mariposas in the in the Cully neighborhood starting from $658. The second greatest value Central Northeast Portland apartment is the 3 Bedroom 1 Bath PBV 50% AMI Model at Villa de Clara Vista starting at $1,267 with a $1.28 price per square foot in the Cully neighborhood. Here is today’s list of the best values for Central Northeast Portland apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Villas de Mariposas | 2 Bedroom 1 Bath | 2BR,1BA | $0.63 |
| Villa de Clara Vista | 3 Bedroom 1 Bath PBV 50% AMI | 3BR,1BA | $1.28 |
| 5404 NE 54th Ave, Unit B | 5404 NE 54th Ave | 1BR,1BA | $1.71 |
| Las Adelitas | 2 Bedrooms 1 Bath - 60% AMI | 2BR,1BA | $2.16 |
| Chaku Kumtuks Haws | 2 bedrooms | 2BR,1BA | $2.36 |
| Fernhill Crossing LLC | 2 Bedrooms, 1 Bathroom | 2BR,1BA | $2.87 |
| The Hannah | 1BR/1.0BA | 1BR,1BA | $2.42 |
| The Bridgetown | Urban One Bedroom One Bath A | 1BR,1BA | $2.83 |
| Hayu Tilixam | One Bedroom | 1BR,1BA | $1.48 |
| Rose City Center Apartments - 55 and Over | #406 | Studio ,1BA | $2.37 |
Frequently Asked Questions about Central Northeast Portland
What type of rentals are currently available in Central Northeast Portland?
There are currently 119 Apartments for Rent in Central Northeast Portland, OR with pricing that ranges from $619 to $1,950. There are also 24 Single Family Homes for rent, Condos, and Townhome rentals currently available in Central Northeast Portland ranging from $1,220 to $5,800.
What is the current price range for Rental Homes in Central Northeast Portland?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Central Northeast Portland ranges from $1,220 to $5,800 with an average monthly rent of $2,414.
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

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.

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.

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.
Articles, How-To's, and Tips

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!