Cheap Apartments for Rent in the Crestwood Neighborhood of Portland, OR from $1,000 (67 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Crestwood area of Portland.

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.

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Garden Home 1
1 Bedroom Apartments

Garden Home 1

7164 SW Oleson RdPortland, OR 97223
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Village Manor Apartments
1 to 3 Bedroom Apartments

Village Manor Apartments

6761 SW Garden Home RdPortland, OR 97223
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Westbrook Village
Studio to 3 Bedroom Apartments

Westbrook Village

9863 SW 35th DrPortland, OR 97219
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LuDon Apartments
2 to 3 Bedroom Apartments

LuDon Apartments

4501-4537 SW Luradel StPortland, OR 97219
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Ivy Tree
1 to 2 Bedroom Apartments

Ivy Tree

2302-2418 SW Dolph CtPortland, OR 97219
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Multnomah Woods
2 Bedroom Apartments

Multnomah Woods

5241-5409 SW Multnomah BlvdPortland, OR 97219
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Vista Manor
1 Bedroom Apartments

Vista Manor

1430 SW Moss StPortland, OR 97219

Cash 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.

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fivec01
2 Bedroom Apartments

fivec01

11102-11130 SW 62nd AvePortland, OR 97219

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.

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Garden Cottage
1 Bedroom Apartments

Garden Cottage

7202-7246 SW Garden Home RdPortland, OR 97223
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#299 JANEWOOD WEST
1 to 2 Bedroom Apartments

#299 JANEWOOD WEST

10800 SW Barbur BlvdPortland, OR 97219
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nilld02
2 Bedroom Apartments

nilld02

6627-6645 SW Terri CtPortland, OR 97225
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Village 35
1 Bedroom Apartments

Village 35

7938 SW 35th AvePortland, OR 97219
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Shadow Hills
2 to 3 Bedroom Apartments

Shadow Hills

2040 SW Vermont StPortland, OR 97219

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.

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The Frank Estate
1 to 2 Bedroom Apartments

The Frank Estate

7510 SW Aloma WayPortland, OR 97223
Showing Results 1-50, Page 1 of 2

Crestwood, Portland, OR Local Guide

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 Village at Washington Square priced from $1,248. Red Rock Commons has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,260. Here are the most affordable Crestwood apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Village at Washington Square1BDRM/1BATH1BR,1BA$1,248
Red Rock Commons1 Bed 1 Bath1BR,1BA$1,260
8417 SW 24th Ave1BR/1.0BA1BR,1BA$1,295
Barbur Heights Apartments1 Bedroom / 1.0 Bath1BR,1BA$1,295
Cedar Lane and Garden GlenGarden Glen II 1x1 592 sq. ft.2BR,1BA$1,330
ShenandoahOne Bedroom1BR,1BA$1,350
Grace Manor Apartments2bd1bth2BR,1BA$1,350
Manchester Square ApartmentsOne Bedroom1BR,1BA$1,395
The York2x1L2BR,1BA$1,395
Timber Terrace Apartments XB-YY212X12BR,1BA$1,395

Best Value Apartments for Rent in Crestwood, OR

As of August 04, 2025 the best value apartment in the Crestwood area is the $1.67 price per square foot 2 Beds, 1.5 baths Model at Vermont Street Apartments in the in the Southwest Portland neighborhood starting from $1,800. The second greatest value Crestwood apartment is the 2X2 Model at Sharrita Villa starting at $1,895 with a $1.84 price per square foot in the Southwest Portland neighborhood. Here is today’s list of the best values for Crestwood apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Vermont Street Apartments2 Beds, 1.5 baths2BR,1.5BA$1.67
Sharrita Villa2X22BR,2BA$1.84
Grace Manor Apartments3bd1bth3BR,1BA$1.80
Gatehouse Apartments2x22BR,2BA$1.67
The York2x1L2BR,1BA$1.55
Silver Creek Apartments2x12BR,1BA$1.66
Indian Hills Apartments2 Beds 1 Bath2BR,1BA$1.70
Ridgeview Terrace2x12BR,1BA$1.76
Quail Ridge Apartments2 Bedroom, 1 Bath Large2BR,1BA$1.79
Timber Terrace Apartments XB-YY212X12BR,1BA$1.80

Quick 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.

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Pet Friendly Lifestyle
Crestwood, Portland, OR

Ranked #55

Among cities in Oregon for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Crestwood, Portland, OR

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!

Getting Around the Crestwood Neighborhood in Portland, OR

Walk Score®

71 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

59 / 100

Bikeable

Some bike infrastructure

Transit Score®

41 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Crestwood Apartments

What is a cheap apartment in Crestwood?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Crestwood is under $1,395.

What is the price of a cheap apartment in Crestwood?

The cheapest apartment in Crestwood is Village at Washington Square which is listed at $1,248, while the average apartment in Crestwood costs $4,500.

What types of apartments are the cheapest in Crestwood?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 8 regular apartments in Crestwood that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Crestwood?

Cheap apartments in Crestwood have an average cost of $472 which is $4,028 cheaper than the average rent for all rentals in Crestwood.

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.

decorative image for A Portland Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent article

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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.