Cheap Homes for Rent in Downtown Portland Neighborhood of Portland, OR from $900 (16 Rentals)

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

property at 20 NW 16th Ave

$1,000 - $1,025

Studio Rentals

Available Now

20 NW 16th Ave

PortlandOR97209

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Showing Results 1-16, 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 Waterleaf priced from $480. Helen Swindells Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $500. Here are the most affordable Downtown Portland apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
WaterleafStudioStudio,1BA$480
Helen Swindells Apartments0x1Studio,1BA$500
Modern Rich Apartments0BR/1.0BAStudio,1BA$649
Gretchen Kafoury CommonsSecond Month FREE — Studio Available Now!Studio,1BA$702
Hamilton WestEff StudioStudio,1BA$789

Best Value Apartments for Rent in Downtown Portland, OR

As of April 26, 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 1BR/1.0BA Model at Victorian Apartments starting at $1,395 with a $1.78 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 Apartments1BR/1.0BA1BR,1BA$1.78
Parkview Apartments1bd1ba1fl 7501BR,1BA$1.99
Waterleaf1 Bedroom 1 Bath1BR,1BA$1.64
Alder 9One Bedroom1BR,1BA$1.68
Westcott Properties1x11BR,1BA$1.85
Westfal ApartmentsOne Bedroom1BR,1BA$1.71
Margaret Carter PlazaOne Bathroom One Bedroom HUD Unit1BR,1BA$1.55
Brown Apartments0BR/1.0BAStudio ,1BA$1.79
Fifth Avenue Place ApartmentsStudio 425Studio ,1BA$1.78

Frequently Asked Questions about Downtown Portland

What type of rentals are currently available in Downtown Portland?

There are currently 539 Apartments for Rent in Downtown Portland, OR with pricing that ranges from $470 to $13,193. There are also 68 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Portland ranging from $995 to $7,500.

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 $995 to $7,500 with an average monthly rent of $2,533.

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.

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