Cheap Apartments for Rent in the Downtown Portland Neighborhood of Portland, OR from $400 (210 Rentals) Page 2 of 5

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

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The Cameron
$1,211 - $3,389
Total Monthly Price

Total Monthly Price

Base Rent
$1,211 - $3,389

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Studio to 2 Bedroom Apartments Available Now

The Cameron

1500 SW 12th AvePortland, OR 97201
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Analog PDX
Rent Specials
$1,225 - $2,625
Total Monthly Price

Total Monthly Price

Base Rent
$1,225 - $2,625

Total Monthly Price
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Studio to 3 Bedroom Apartments Available Now

Analog PDX

1871 N Flint AvePortland, OR 97227
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North Hollow
Rent Specials
$1,247 - $4,204
Total Monthly Price

Total Monthly Price

Base Rent
$1,247 - $4,204

Total Monthly Price
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Studio to 2 Bedroom Apartments Available Now

North Hollow

1551 SW Taylor StPortland, OR 97205
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Jute Apartments
Rent Specials
$1,270 - $1,955
Total Monthly Price

Total Monthly Price

Base Rent
$1,270 - $1,955

Total Monthly Price
$1,270 - $1,955
Studio to 1 Bedroom Apartments Available Now

Jute Apartments

550 SE Martin Luther King Jr BlvdPortland, OR 97214
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The Douglas
Rent Specials
$1,275 - $2,950
Total Monthly Price

Total Monthly Price

Base Rent
$1,275 - $2,950

Total Monthly Price
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Studio to 4 Bedroom Apartments Available Now

The Douglas

1811 SW River DrPortland, OR 97201
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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Yard
Rent Specials
$1,277 - $2,605
Total Monthly Price

Total Monthly Price

Base Rent
$1,277 - $2,605

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Yard

22 NE 2nd AvePortland, OR 97232
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Hollis
Rent Specials
$1,289 - $2,206
Total Monthly Price

Total Monthly Price

Base Rent
$1,289 - $2,206

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Hollis

1625 SW Alder StPortland, OR 97205
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Anthem PDX
Rent Specials
$1,291 - $3,236
Total Monthly Price

Total Monthly Price

Base Rent
$1,291 - $3,236

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Anthem PDX

1313 E Burnside StPortland, OR 97232
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Goat Blocks
Rent Specials
$1,299 - $3,887
Total Monthly Price

Total Monthly Price

Base Rent
$1,299 - $3,887

Total Monthly Price
$1,299 - $3,887
Studio to 3 Bedroom Apartments Available Now

Goat Blocks

975 SE 11th AvePortland, OR 97214
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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.

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Collective on 4th
Rent Specials
$1,314 - $4,202
Total Monthly Price

Total Monthly Price

Base Rent
$1,314 - $4,202

Total Monthly Price
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Studio to 3 Bedroom Apartments Available Now

Collective on 4th

1818 SW 4th AvePortland, OR 97201
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Storyline
Rent Specials
$1,324 - $5,381
Total Monthly Price

Total Monthly Price

Base Rent
$1,324 - $5,381

Total Monthly Price
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Studio to 2 Bedroom Apartments Available Now

Storyline

1177 SW Market StPortland, OR 97201
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KADO NW
Rent Specials
$1,324 - $10,000
Total Monthly Price

Total Monthly Price

Base Rent
$1,324 - $10,000

Total Monthly Price
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Studio to 3 Bedroom Apartments Available Now

KADO NW

1378 NW 18th AvePortland, OR 97209
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38 Davis
Rent Specials
$1,325 - $1,695
Total Monthly Price

Total Monthly Price

Base Rent
$1,325 - $1,695

Total Monthly Price
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Studio to 1 Bedroom Apartments Available Now

38 Davis

38 NW Davis StPortland, OR 97209
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Grand Belmont
Rent Specials
$1,330 - $2,669
Total Monthly Price

Total Monthly Price

Base Rent
$1,330 - $2,669

Total Monthly Price
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Studio to 2 Bedroom Apartments Available Now

Grand Belmont

514 SE Belmont StPortland, OR 97214
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Akoya
Rent Specials
$1,346 - $10,000
Total Monthly Price

Total Monthly Price

Base Rent
$1,346 - $10,000

Total Monthly Price
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Studio to 2 Bedroom Apartments Available Now

Akoya

1430 NW Hoyt StPortland, OR 97209
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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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Museum Place
Rent Specials
$1,352 - $2,781
Total Monthly Price

Total Monthly Price

Base Rent
$1,352 - $2,781

Total Monthly Price
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Studio to 2 Bedroom Apartments Available Now

Museum Place

1030-1030 SW Jefferson StPortland, OR 97201
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230 Ash
Rent Specials
$1,360 - $1,949
Total Monthly Price

Total Monthly Price

Base Rent
$1,360 - $1,949

Total Monthly Price
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Studio to 1 Bedroom Apartments Available Now

230 Ash

230 SW Ash StPortland, OR 97204
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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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Tempo PDX
Rent Specials
$1,384 - $4,256
Total Monthly Price

Total Monthly Price

Base Rent
$1,384 - $4,256

Total Monthly Price
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Studio to 2 Bedroom Apartments Available Now

Tempo PDX

80 NE 14th AvePortland, OR 97232
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Oro Apartments
Rent Specials
$1,392 - $1,584
Total Monthly Price

Total Monthly Price

Base Rent
$1,392 - $1,584

Total Monthly Price
$1,392 - $1,584
Studio to 1 Bedroom Apartments Available Now

Oro Apartments

1470 NW Overton StPortland, OR 97209
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Amara
Rent Specials
$1,397 - $4,708
Total Monthly Price

Total Monthly Price

Base Rent
$1,397 - $4,708

Total Monthly Price
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Studio to 3 Bedroom Apartments Available Now

Amara

15 NW Park AvePortland, OR 97209
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Cyan/PDX
Rent Specials
$1,400 - $4,317
Total Monthly Price

Total Monthly Price

Base Rent
$1,400 - $4,317

Total Monthly Price
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Studio to 3 Bedroom Apartments Available Now

Cyan/PDX

1720 SW 4th AvePortland, OR 97201
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Byline Apartments
Rent Specials
$1,430 - $8,630
Total Monthly Price

Total Monthly Price

Base Rent
$1,430 - $8,630

Total Monthly Price
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Studio to 2 Bedroom Apartments Available Now

Byline Apartments

1640 SW Yamhill StPortland, OR 97205
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The Linden
Rent Specials
$1,430 - $5,783
Total Monthly Price

Total Monthly Price

Base Rent
$1,430 - $5,783

Total Monthly Price
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1 to 2 Bedroom Apartments Available Now

The Linden

1250 E Burnside StPortland, OR 97214
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Portland’s Best Affordable Neighborhoods

Learn about Portland and the best places to live with original content written by our Portland, OR Local Expert Chad Deitchley

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 $899.

What is the price of a cheap apartment in Downtown Portland?

The cheapest apartment in Downtown Portland is Margaret Carter Plaza which is listed at $889, while the average apartment in Downtown Portland costs $8,344.

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 137 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 $375 which is $7,969 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

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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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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.

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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.

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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

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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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.

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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.

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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.