Cheap Apartments for Rent in the Downtown Portland Neighborhood of Portland, OR from $470 (213 Rentals) Page 3 of 5
Search the lowest-cost Apartments available for rent right now in the Downtown Portland area of Portland.

East of Eleven

1607 Apartments

1205 SW Cardinell Dr

Harrison Tower Apartment Homes

Park Avenue West

Asa Flats and Lofts

Burlington Tower

linc245 Apartments

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The Linden
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.

The Russell by Trion Living

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Akoya

327 Northwest Park Avenue, Unit Apartment 3-D

411 NW Flanders St, Unit 605

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5MLK

Ella Marie Apartments

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The Wyatt

Gossamer

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Byline Apartments

1125 NW 9th Ave, Unit 404

The Louisa Apartments

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NV Apartments

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Block 17 Apartments

Alder House

Peter Paulson Apartments

The Sitka Apartments

Margaret Carter Plaza

Empire Apartments

Grand Oak Apartments

St. James

A. Philips Square

Paramount Apartments

Yamhill at Sixth

Alder House

Alder 9

Everett Micro Lofts

Saint Francis Apartments

Fifth Avenue Court

Lynnwood Apartments

Wellesley Court Apartments

Brown Apartments

1631 NW Everett St

20 NW 16th Ave

Terrace Court

Goose Hollow Lofts

Eden on Everett

The Pearl Studios

Imperial Arms

Chapman Court Apartments

Vancouver Ave.
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 | $1,369 | $470 | $2,706 |
| Downtown Portland 1 Bedroom Apartments | $1,906 | $1,025 | $6,350 |
| Downtown Portland 2 Bedroom Apartments | $2,838 | $1,226 | $8,950 |
| Downtown Portland 3 Bedroom Apartments | $2,561 | $1,458 | $7,210 |
| Downtown Portland 4 Bedroom Apartments | $6,671 | $2,795 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 213 rentals with your search options within a 2 mile radius of the Downtown Portland Neighborhood of Portland, OR.
See all Apartments in PortlandExplore 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 Margaret Carter Plaza which is listed at $889, while the average apartment in Downtown Portland costs $1,711.
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 104 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 $231 which is $1,480 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

From Arts to Eats: A Local Insider's 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.

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.

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.

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.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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.
