Luxury Apartments for Rent in the Downtown Portland Neighborhood of Portland, OR (63 Rentals)

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The most luxurious Apartments in the Downtown Portland area of Portland with high-end amenities, features, and finishes.

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5 MLK
Rent Specials
from $1,448Studio to 2 Bedroom Apartments Available Now

5 MLK

5 SE Martin Luther King Jr BlvdPortland, OR 97214
Transit Friendly
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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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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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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

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Downtown Portland, Portland, OR Local Guide

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
Downtown Portland, Portland, OR

Ranked #7

Among neighborhoods in Portland, OR for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving brings you Lifestyle Ratings of neighborhoods, metropolitan areas, and rental properties across Oregon including Downtown Portland, Portland, and the greater Portland area. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including our Star Ratings to compare for convenient access to the outdoors, luxury amenities, family-friendliness, raising pets, transit options, and much more. Find Lifestyle Search in the filter options (above). Happy Searching!

Luxury Living Rating

Downtown Portland is one of the A-list higher-end submarkets in town, with a score of 4.0 out of 4. Luxury Lifestyle Scoring is based on having high-end community amenities like racquetball and tennis courts, luxury pools, on-site concierge services, and quartz countertops in the kitchen with high-end appliances. Other luxury items often include wood-burning fireplaces, access to sports facilities like golf, raquetball, and tennis, and for some communities, even a doorman to greet residents.

Frequently Asked Questions about Downtown Portland

How much are Studio apartments in Downtown Portland?

There are currently 208 Studio Apartments in Downtown Portland with rent ranges from $649 to $12,658 with an average price of $1,433.

What is the current price range for One Bedroom Downtown Portland Apartments for rent?

Today's rental pricing for One Bedroom Apartments in Downtown Portland ranges from $590 to $15,506 with an average monthly rent of $2,002.

What does renting a Two Bedroom Apartment in Downtown Portland cost?

The monthly rent prices of Two Bedroom Apartments currently available in Downtown Portland range from $1,200 to $20,000. Today's average rental price for Two Bedrooms here is $2,733.

How expensive are Downtown Portland Three Bedroom Apartments?

There are currently 38 Three Bedroom Apartments listings available in Downtown Portland on ApartmentHomeLiving.com. The pricing ranges from $1,773 to $26,948 - averaging $5,352 for the location.

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.

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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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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.