Cheap Studio Apartments for Rent in the Downtown Portland Neighborhood of Portland, OR from $470 (149 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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Exploring Rental Options: Apartments, Townhomes, and Lofts—Oh My!

Looking for the perfect rental? From apartments and condos to lofts and single family rentals, explore the unique pros and cons of each rental type to help you land in your perfect new place.

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The Addy
Rent Specials
$970 - $1,338

Total Monthly Price

Base Rent$970 - $2,507
Total Monthly PriceVaries
Studio Apartments Available Now

The Addy

1222 NW 18th AvePortland, OR 97209
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Koz on 13th
Rent Specials
$975 - $1,025

Total Monthly Price

Base Rent$975 - $1,329
Total Monthly Price$975 - $1,329
Studio Apartments Available Oct 1

Koz on 13th

123 SE 13th AvePortland, OR 97214
Corporate Housing
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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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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Looking for the perfect new rental? Learn great ways to spot the perfect apartment for you, identify common red flags, and avoid rental issues and scams with these expert provided actionable tips.

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Park Plaza
$1,152 - $1,273

Total Monthly Price

Base Rent$1,088 - $2,426
Total Monthly PriceVaries
Studio Apartments Available Now

Park Plaza

1969 SW Park AvePortland, OR 97201
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Analog PDX
Rent Specials
$1,184 - $1,685

Total Monthly Price

Base Rent$1,184 - $2,675
Total Monthly PriceVaries
Studio Apartments Available Now

Analog PDX

1871 N Flint AvePortland, OR 97227
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property at 20 NW 16th Ave
$1,200

Total Monthly Price

Base Rent$1,200
Total Monthly Price$1,200
Studio, 1 Bath Condo for Rent
Available Oct 1
Affordability

20 NW 16th Ave, Unit #306

20 NW 16th Ave
PortlandOR97209
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The Cameron
Rent Specials
$1,211 - $1,435

Total Monthly Price

Base Rent$1,211 - $2,381
Total Monthly PriceVaries
Studio Apartments Contact Us For Availability

The Cameron

1500 SW 12th AvePortland, OR 97201
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230 Ash
Rent Specials
$1,250 - $1,580

Total Monthly Price

Base Rent$1,250 - $1,850
Total Monthly PriceVaries
Studio Apartments Available Now

230 Ash

230 SW Ash StPortland, OR 97204
Eco-Friendly
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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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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 $572, while the average apartment in Downtown Portland costs $1,650.

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 150 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 $334 which is $1,316 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.

decorative image for The Portland Power Commute: Top Neighborhoods for Renters Near the City’s Major Job Hubs article

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.

decorative image for Local Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Portland article

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.

decorative image for A Portland Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent article

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 How Commercial-to-Residential Property Conversions Help the Housing Crisis article

How Commercial-to-Residential Property Conversions Help the Housing Crisis

Written by: Robin Stewart

Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags article

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.

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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.