Cheap Homes for Rent in Downtown Portland Neighborhood of Portland, OR from $800 (21 Rentals)

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

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

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property at 327 NW Park Ave

$1,495

Total Monthly Price

Total Monthly Price

Base Rent
$1,495
Total Monthly Price
$1,495

1 Bedroom, 1 Bath Condo for Rent

Available Now

327 NW Park Ave, Unit 1C

327 NW Park Ave
PortlandOR97209

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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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Showing Results 1-21, Page 1 of 1

Cheapest Available Downtown Portland Apartments for Rent

 

The cheapest available apartment rental in the Downtown Portland area of Portland, OR is a Studio unit found at Helen Swindells Apartments priced from $500. Modern Rich Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $649. Here are the most affordable Downtown Portland apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Helen Swindells Apartments0x1Studio,1BA$500
Modern Rich Apartments0BR/1.0BAStudio,1BA$649
Gretchen Kafoury CommonsStudio 40%Studio,1BA$702
Hamilton WestEff StudioStudio,1BA$757
Pearl CourtStudio - DStudio,1BA$789

Best Value Apartments for Rent in Downtown Portland, OR

As of March 12, 2026 the best value apartment in the Downtown Portland area is the $1.46 price per square foot Two Bedroom Model at Gallery Park Apartments in the in the Northwest Portland neighborhood starting from $1,750. The second greatest value Downtown Portland apartment is the 2BR/1.0BA Model at Victorian Apartments starting at $1,459 with a $1.86 price per square foot in the Northwest Portland neighborhood. Here is today’s list of the best values for Downtown Portland apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Gallery Park ApartmentsTwo Bedroom2BR,2BA$1.46
Victorian Apartments2BR/1.0BA2BR,1BA$1.86
Parkview Apartments1bd1ba1fl 7501BR,1BA$1.99
Bridgetown LoftsSt.Johns1BR,1BA$1.98
Westcott Properties1x11BR,1BA$1.54
Wellesley Court Apartments1BR/1.0BA1BR,1BA$2.00
Westfal ApartmentsOne Bedroom1BR,1BA$1.71
Ongford ApartmentsStudioStudio ,1BA$1.99
Fifth Avenue Place ApartmentsStudio 425Studio ,1BA$1.78
The Yards at Union StationStudio - Income RestrictedStudio ,1BA$2.02

Frequently Asked Questions about Downtown Portland

What type of rentals are currently available in Downtown Portland?

There are currently 534 Apartments for Rent in Downtown Portland, OR with pricing that ranges from $500 to $13,121. There are also 71 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Portland ranging from $895 to $6,700.

What is the current price range for Rental Homes in Downtown Portland?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Portland ranges from $895 to $6,700 with an average monthly rent of $3,198.

How much are larger Three and Four Bedroom Rentals in Downtown Portland?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown Portland range from $1,619 to $10,036, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,875 to $3,295. Four Bedroom Single-Family rentals are also available starting from $6,700 and Four Bedroom Apartments start at $3,900.

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.

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 From Arts to Eats: A Local Insiders Guide to Living in Portland's Best Spots article

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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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.