Cheap Studio Apartments for Rent in the Downtown Portland Neighborhood of Portland, OR from $470 (153 Rentals)

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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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Koz on 4th
Rent Specials
$946 - $1,271
Total Monthly Price

Total Monthly Price

Base Rent
$949 - $1,425

Total Monthly Price
$949 - $1,425
Studio Apartments Available Now

Koz on 4th

2211 SW 4th AvePortland, OR 97201
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Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Koz on 13th
Rent Specials
$975 - $1,075
Total Monthly Price

Total Monthly Price

Base Rent
$1,025 - $1,399

Total Monthly Price
$1,025 - $1,399
Studio Apartments Available Sep 10

Koz on 13th

123 SE 13th AvePortland, OR 97214
Corporate Housing
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The Addy
Rent Specials
$976 - $1,336
Total Monthly Price

Total Monthly Price

Base Rent
$976 - $2,437

Total Monthly Price
Varies
Studio Apartments Available Now

The Addy

1222 NW 18th AvePortland, OR 97209
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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

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

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Grand Belmont
Rent Specials
$1,133 - $1,335
Total Monthly Price

Total Monthly Price

Base Rent
$1,143 - $2,235

Total Monthly Price
Varies
Studio Apartments Available Now

Grand Belmont

514 SE Belmont StPortland, OR 97214
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Analog PDX
Rent Specials
$1,185 - $1,664
Total Monthly Price

Total Monthly Price

Base Rent
$1,185 - $2,625

Total Monthly Price
$1,185 - $2,625
Studio Apartments Available Now

Analog PDX

1871 N Flint AvePortland, OR 97227
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Collective on 4th
Rent Specials
$1,199 - $2,266
Total Monthly Price

Total Monthly Price

Base Rent
$1,199 - $2,635

Total Monthly Price
$1,199 - $2,635
Studio Apartments Available Now

Collective on 4th

1818 SW 4th AvePortland, OR 97201
Student Housing
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38 Davis
Rent Specials
$1,200 - $1,375
Total Monthly Price

Total Monthly Price

Base Rent
$1,200 - $1,599

Total Monthly Price
Varies
Studio Apartments Available Now

38 Davis

38 NW Davis StPortland, OR 97209
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Park Plaza
$1,203 - $1,638
Total Monthly Price

Total Monthly Price

Base Rent
$1,127 - $2,426

Total Monthly Price
Varies
Studio Apartments Contact Us For Availability

Park Plaza

1969 SW Park AvePortland, OR 97201
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The Cameron
Rent Specials
$1,211 - $1,384
Total Monthly Price

Total Monthly Price

Base Rent
$1,211 - $2,568

Total Monthly Price
Varies
Studio Apartments Available Now

The Cameron

1500 SW 12th AvePortland, 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.

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 $892.

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

The cheapest apartment in Downtown Portland is Waterleaf which is listed at $480, while the average apartment in Downtown Portland costs $1,689.

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 112 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 $222 which is $1,467 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

decorative image for From Arts to Eats: A Local Insider's Guide to Living in Portland's Best Spots article

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.

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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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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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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

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

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.

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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.