
Cheap Apartments for Rent in the Crestwood Neighborhood of Portland, OR from $900 (65 Rentals)
Search the lowest-cost Apartments available for rent right now in the Crestwood area of Portland.


4718-4720 SW Luradel St

Village at Washington Square

Ridgeview Terrace

Capitol Park

LuDon Luradel

1 Bedroom in Multnomah Village

3912 SW Multnomah Blvd
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.

MADISON

Grace Manor Apartments

The Gabe

Shadow Hills

Multnomah Station

Multnomah Village Apartments

2121 Multnomah

3930 SW Multnomah Blvd
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.

Spring Terrace Apartments

Hillsdale Heights Apartments
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Crestwood, Portland, OR Local Guide

How much does it cost to rent an apartment in Crestwood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Crestwood Studio Apartments | $1,499 | $1,250 | $1,849 |
| Crestwood 1 Bedroom Apartments | $1,634 | $1,150 | $2,799 |
| Crestwood 2 Bedroom Apartments | $1,866 | $1,220 | $3,112 |
| Crestwood 3 Bedroom Apartments | $2,093 | $1,558 | $2,972 |
| Crestwood 4 Bedroom Apartments | $2,070 | $2,070 | $2,070 |
Browse Apartments in this Neighborhood
There are currently 65 rentals with your search options within a 2 mile radius of the Crestwood Neighborhood of Portland, OR.
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Crestwood, Portland, OR Local Guide
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Cheapest Available Crestwood Apartments for Rent
 The cheapest available apartment rental in the Crestwood area of Portland, OR is a 1 Bed unit found at Cedar Lane and Garden Glen priced from $1,150. 2222 Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,215. Here are the most affordable Crestwood apartments for rent in Portland, OR:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Cedar Lane and Garden Glen | Garden Glen II 1x1 476 sq. ft. | 1BR,1BA | $1,150 |
| 2222 Apartments | 1BR/1.0BA | 1BR,1BA | $1,215 |
| St James on Hall Apartments | 2BD 1BA | 2BR,1BA | $1,249 |
| Parkridge Apartments | Efficiency | Studio,1BA | $1,250 |
| Capitol Park | 1 bed-1 bath | 1BR,1BA | $1,250 |
| Ridgeview Terrace | 1x1 | 1BR,1BA | $1,250 |
| Red Rock Commons | 1 Bed 1 Bath | 1BR,1BA | $1,260 |
| Barbur Heights Apartments | 1 Bedroom / 1.0 Bath | 1BR,1BA | $1,275 |
| LuDon Luradel | 1BR/1.0BA | 1BR,1BA | $1,275 |
| Shenandoah | One Bedroom | 1BR,1BA | $1,275 |
Best Value Apartments for Rent in Crestwood, OR
As of January 06, 2026 the best value apartment in the Crestwood area is the $1.39 price per square foot 2BR 2 Bath Model at Spring Terrace Apartments in the in the Far Southwest Portland neighborhood starting from $1,450. The second greatest value Crestwood apartment is the 3bd1bth Model at Grace Manor Apartments starting at $1,850 with a $1.80 price per square foot in the Far Southwest Portland neighborhood. Here is today’s list of the best values for Crestwood apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Spring Terrace Apartments | 2BR 2 Bath | 2BR,2BA | $1.39 |
| Grace Manor Apartments | 3bd1bth | 3BR,1BA | $1.80 |
| Shadow Hills | 2 Bed 2 Bath | 2BR,2BA | $1.66 |
| Indian Hills Apartments | 2 Beds 1 Bath | 2BR,1BA | $1.64 |
| Hampton Park Apartments | 2 Bedroom, 2 Bath | 2BR,2BA | $1.84 |
| Gatehouse Apartments | 2x2 | 2BR,2BA | $1.72 |
| The York | 2x1L | 2BR,1BA | $1.61 |
| Quail Ridge Apartments | 2 Bedroom, 1 Bath Large | 2BR,1BA | $1.79 |
| Timber Terrace | 2X1 | 2BR,1BA | $1.71 |
| St James on Hall Apartments | 2BD 1BA | 2BR,1BA | $1.65 |
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 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 ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
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.
Best Local Schools in Crestwood, Portland, OR
Lake Oswego Senior High School
School data provided by Great Schools
Lifestyle Ratings
ApartmentHomeLiving.com compares millions of points of data to bring you Lifestyle Ratings of rentals and neighborhoods across the USA, and customized analysis for Portland, Oregon. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including rankings of the best places for convenient access to the outdoors, luxury amenities, kid and pet-friendly communities, availability of transit options, and other valuable search options. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!
Frequently Asked Questions about Cheap Crestwood Apartments
What is the Cheapest Studio apartment in Crestwood?
Currently the most affordable Cheap Studio Apartment in Crestwood is at Parkridge Apartments listed at $1,250.
How much is rent for a Cheap One Bedroom Crestwood Apartment?
The lowest price for a Cheap One Bedroom Crestwood Apartment is $1,150 at Cedar Lane and Garden Glen.
What is the lowest price for a Cheap Two Bedroom Crestwood Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Crestwood is starting from $1,220 at Cedar Lane and Garden Glen.
What is the most affordable Crestwood Three Bedroom Apartment?
The best deal on a cheap Crestwood Three Bedroom Apartment rental is at Grace Manor Apartments and starts from $1,850.
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!































