
Cheap Homes for Rent in Central Northeast Portland Neighborhood of Portland, OR from $1,400 (9 Rentals)
Search the lowest-cost Homes available for rent right now in the Central Northeast Portland area of Portland.


5317 NE Emerson St

4815 NE 50th Pl

4819 NE 50th Pl
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

4801 NE 50th Pl

6024-6024 NE Milton St, Unit 6020

4103 NE Killingsworth St

4821 NE 42nd Ave
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.

4333 NE 63rd Ave
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 | $2,304 | $1,495 | $4,850 |
| Central Northeast Portland 3 Bedroom Homes for Rent | $3,413 | $2,295 | $5,400 |
| Central Northeast Portland 4 Bedroom Homes for Rent | $3,175 | $2,745 | $3,995 |
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 1 Bed unit found at Kimberly Court priced from $895. Villa de Clara Vista has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,097. Here are the most affordable Central Northeast Portland apartments for rent in Portland, OR:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Kimberly Court | 1BR/1.0BA | 1BR,1BA | $895 |
| Villa de Clara Vista | 2 Bedroom 1 Bath PBV 50% AMI | 2BR,1BA | $1,097 |
| Nesika Illahee | Stu-468 | Studio,1BA | $1,201 |
Best Value Apartments for Rent in Central Northeast Portland, OR
As of June 25, 2026 the best value apartment in the Central Northeast Portland area is the $1.20 price per square foot 4 Bed 2 Bath PBV 60% MTSP Rent Limit Model at Clara Vista Townhomes in the in the Cully neighborhood starting from $1,696. The second greatest value Central Northeast Portland apartment is the 2 Bedrooms, 2 Bathrooms Model at Fernhill Crossing LLC starting at $1,699 with a $2.00 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. |
|---|---|---|---|
| Clara Vista Townhomes | 4 Bed 2 Bath PBV 60% MTSP Rent Limit | 4BR,2BA | $1.20 |
| Fernhill Crossing LLC | 2 Bedrooms, 2 Bathrooms | 2BR,2BA | $2.00 |
| Las Adelitas | 2 Bedrooms 1 Bath - 60% AMI | 2BR,1BA | $2.16 |
| Villa de Clara Vista | 2 Bedroom 1 Bath PBV 50% AMI | 2BR,1BA | $1.62 |
| Chaku Kumtuks Haws | $1,505 / 2br - Brand NEW 2 bedroom apartments (... | 2BR,1BA | $2.36 |
| Rose City Center Apartments - 55 and Over | #203 | 1BR,1BA | $2.43 |
| Nesika Illahee | Stu-468 | Studio ,1BA | $2.57 |
| Kimberly Court | 1BR/1.0BA | 1BR,1BA | $1.95 |
Frequently Asked Questions about Central Northeast Portland
What type of rentals are currently available in Central Northeast Portland?
There are currently 117 Apartments for Rent in Central Northeast Portland, OR with pricing that ranges from $619 to $2,200. There are also 17 Single Family Homes for rent, Condos, and Townhome rentals currently available in Central Northeast Portland ranging from $1,445 to $5,400.
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 $1,445 to $5,400 with an average monthly rent of $2,584.
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.

From Arts to Eats: A Local Insiders Guide to Living in Portland's Best Spots
Written by: Chad Deitchley
Hello! My name is Chad, and I am your ApartmentHomeLiving.com Local Expert for Portland, Oregon. After living in this one-of-a-kind city for more than 20 years, I have seen it change in many exciting ways.
Articles, How-To's, and Tips

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.