
Cheap Apartments for Rent in the Crestwood Neighborhood of Portland, OR from $900 (91 Rentals)
Search the lowest-cost Apartments available for rent right now in the Crestwood area of Portland.


2121 Multnomah

Indian Hills Apartments

#306 WOODSIDE VISTA

#323 SPRING TERRACE

Village at Washington Square

Capitol Park

Grace Manor Apartments

Cedar Lane and Garden Glen

11102-11130 SW 62nd Ave, Unit 11106
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.

Pickett Park

8417

8417 SW 24th Ave, Unit 315

Madison Apartments

11240 SW Barbur Blvd, Unit 27

8417 SW 24th Ave, Unit 207

Total Monthly Price
Multnomah Village Apartments

3934 SW Multnomah Blvd

11240 SW Barbur Blvd, Unit 23

Ivy Terrace Apartments
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.

Capitol Gardens

Total Monthly Price
Multnomah Station

Timber Terrace

3200-3236 SW Marigold St

3200-3236 SW Marigold St, Unit 3210

3334 SW Luradel St

Loganberry Commons

Ridgeview Terrace

Habitat

Shadow Hills
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.

Total Monthly Price
The Gabe

LuDon Luradel

Garden Home 1

Quail Ridge Apartments

Custer Apartments

2222 Apartments

Village Manor Apartments

Westbrook Village

Hilldale Garden Apartments

6491 SW Capitol Hwy
From Arts to Eats: A Local Insider's Guide to Living in Portland's Best Spots
Discover the true heart of Portland, Oregon, with this local expert's guide. Explore the city's unique history, from the coin toss that named it to its "Keep Portland Weird" culture, and get an insider look at its most notable neighborhoods and internationally recognized food scene.

2626 SW Beaverton Hillsdale Hwy

12345 SW Hall Blvd

Multnomah Woods

Silver Creek Apartments

Ivy Tree

Capitol Hill Apartments

Vista Manor

Cedar Lane Apartment Community

Raleigh Hills Patio

Carleton Terrace 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.
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 | $1,504 | $1,165 | $1,778 |
| Crestwood 1 Bedroom Apartments | $1,763 | $1,100 | $3,075 |
| Crestwood 2 Bedroom Apartments | $2,134 | $1,250 | $3,123 |
| Crestwood 3 Bedroom Apartments | $2,230 | $1,558 | $3,026 |
| Crestwood 4 Bedroom Apartments | $3,523 | $2,070 | $4,300 |
Browse Apartments in this Neighborhood
There are currently 91 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
- Nearby Portland neighborhoods
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Cheapest Available Crestwood Apartments for Rent
 The cheapest available apartment rental in the Crestwood area of Portland, OR is a Studio unit found at 2222 Apartments priced from $1,095. Custer Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,095. Here are the most affordable Crestwood apartments for rent in Portland, OR:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 2222 Apartments | 0BR/1.0BA | Studio,1BA | $1,095 |
| Custer Apartments | 1BR/1.0BA | 1BR,1BA | $1,095 |
| Indian Hills Apartments | 1BR/1.0BA | 1BR,1BA | $1,125 |
| #305 ASHER PARK | One Bedroom, One Bath | 1BR,1BA | $1,145 |
| #306 WOODSIDE VISTA | 1x1 | 1BR,1BA | $1,160 |
| Dartmouth Crossing North | One Bedroom | 1BR,1BA | $1,216 |
| Vista Manor | 1BR/1.0BA | 1BR,1BA | $1,230 |
| #323 SPRING TERRACE | 1 Bedroom | 1BR,1BA | $1,240 |
| Capitol Park | 1 bed-1 bath | 1BR,1BA | $1,250 |
| Red Rock Commons | 1 Bed 1 Bath | 1BR,1BA | $1,260 |
Best Value Apartments for Rent in Crestwood, OR
As of April 12, 2026 the best value apartment in the Crestwood area is the $1.51 price per square foot 3bd1bth Model at Grace Manor Apartments in the in the Far Southwest Portland neighborhood starting from $1,550. The second greatest value Crestwood apartment is the 2 Bed 2 Bath Model at Shadow Hills starting at $1,655 with a $1.66 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Grace Manor Apartments | 3bd1bth | 3BR,1BA | $1.51 |
| Shadow Hills | 2 Bed 2 Bath | 2BR,2BA | $1.66 |
| The Fields | TWO BEDROOM | 2BR,1BA | $1.65 |
| Gatehouse Apartments | 2x2 | 2BR,2BA | $1.72 |
| Capitol Gardens | 2 Bed. Townhome | 2BR,1.5BA | $1.60 |
| Loganberry Commons | 2x2 | 2BR,2BA | $1.76 |
| Village at Washington Square | 2BDRM/1BATH | 2BR,1BA | $1.65 |
| 2121 Multnomah | 2x1R | 2BR,1BA | $1.74 |
| Capitol Park | 1 bed-1 bath | 1BR,1BA | $1.79 |
| Indian Hills Apartments | 1BR/1.0BA | 1BR,1BA | $1.67 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleThe 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
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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 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 $1,260.
What is the price of a cheap apartment in Crestwood?
The cheapest apartment in Crestwood is Custer Apartments which is listed at $1,095, while the average apartment in Crestwood costs $5,135.
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 12 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 $468 which is $4,667 cheaper than the average rent for all rentals in Crestwood.
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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.