
Cheap Homes for Rent in Central Northeast Portland Neighborhood of Portland, OR from $2,400 (4 Rentals)
Search the lowest-cost Homes available for rent right now in the Central Northeast Portland 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.

3244 NE 48th Ave

4831 NE Prescott 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.
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 | $2,495 | $2,495 | $2,495 |
| Central Northeast Portland 3 Bedroom Homes for Rent | $3,831 | $2,695 | $5,800 |
| Central Northeast Portland 4 Bedroom Homes for Rent | $3,354 | $2,650 | $4,119 |
Browse Homes for Rent in this Neighborhood
There are currently 4 rentals with your search options within a 1 mile radius of the Central Northeast Portland Neighborhood of Portland, OR.
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Central Northeast Portland, Portland, OR Local Guide
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Best Value Apartments for Rent in Central Northeast Portland, OR
As of November 12, 2025 the best value apartment in the Central Northeast Portland area is the $1.25 price per square foot 4 Bedrooms 2 Baths Model at Villas de Mariposas in the in the Cully neighborhood starting from $1,696. The second greatest value Central Northeast Portland apartment is the 3 Bedroom 1.5 Baths PBV unit at 30% AMI Model at Villa de Suenos starting at $1,267 with a $1.14 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 | 4 Bedrooms 2 Baths | 4BR,2BA | $1.25 |
| Villa de Suenos | 3 Bedroom 1.5 Baths PBV unit at 30% AMI | 3BR,1.5BA | $1.14 |
| Los Jardines de la Paz | 3 Bedroom 1 Bath | 3BR,1BA | $1.19 |
| Fernhill Crossing LLC | 2 Bedrooms, 2 Bathrooms | 2BR,2BA | $2.24 |
| 5404 NE 54th Ave, Unit B | 5404 NE 54th Ave | 1BR,1BA | $1.74 |
| Las Adelitas | 2 Bedrooms 1 Bath - 60% AMI | 2BR,1BA | $2.16 |
| Chaku Kumtuks Haws | $1,505 / 2br - Brand NEW 2 bedroom apartments (... | 2BR,1BA | $2.36 |
| Rose City Center Apartments - 55 and Over | #308 | 1BR,1BA | $2.51 |
| The Hannah | 1BR/1.0BA | 1BR,1BA | $2.78 |
| Hayu Tilixam | One Bedroom | 1BR,1BA | $2.03 |
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!
Read ArticleApartment 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.
Read ArticleDon'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.
Read ArticleThe 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.
Read ArticleA 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
Read ArticleQuick 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 Northeast Portland, Portland, OR
Ranked #138
Among cities in Oregon for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
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 $2,595. There are also 10 Single Family Homes for rent, Condos, and Townhome rentals currently available in Central Northeast Portland ranging from $2,495 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 $2,495 to $5,800 with an average monthly rent of $3,045.
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.

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!

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.
