
Cheap 2 Bedroom Apartments for Rent in the Downtown Portland Neighborhood of Portland, OR from $1,200 (19 Rentals)


Goose Hollow Lofts

Pacific Tower Apartments

The Yards at Union Station

Stadium Station

The Zeno
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.

730 NW Naito Pkwy

Buckman Heights

Waterleaf

Westfal Apartments

The Sitka Apartments

Pearl Court Apartments
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.

Vancouver Ave.

St. James

Washington Towers Apartments

The Ramona

Sherm Apartments

Saint Francis 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.

Fifth Avenue Court
Downtown Portland, Portland, OR Local Guide

How much does it cost to rent an apartment in Downtown Portland?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Portland Studio Apartments | $1,384 | $649 | $2,492 |
| Downtown Portland 1 Bedroom Apartments | $1,941 | $950 | $7,200 |
Downtown Portland 2 Bedroom Apartments | $2,868 | $1,200 | $8,930 |
| Downtown Portland 3 Bedroom Apartments | $3,814 | $1,773 | $8,861 |
| Downtown Portland 4 Bedroom Apartments | $6,073 | $3,900 | $9,704 |
Explore Portland
Frequently Asked Questions about Cheap Downtown Portland Apartments
What is a cheap apartment in Downtown Portland?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Portland is under $895.
What is the price of a cheap apartment in Downtown Portland?
The cheapest apartment in Downtown Portland is Vancouver Ave. which is listed at $1,200, while the average apartment in Downtown Portland costs $4,617.
What types of apartments are the cheapest in Downtown Portland?
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 183 regular apartments in Downtown Portland 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 Downtown Portland?
Cheap apartments in Downtown Portland have an average cost of $361 which is $4,256 cheaper than the average rent for all rentals in Downtown Portland.
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

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.

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!