1631 NW Everett St
PortlandOR97209
Cheap Homes for Rent in Downtown Portland Neighborhood of Portland, OR from $1,000 (10 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Portland area of Portland.
20 NW 16th Ave
PortlandOR97209
111 SW Harrison St
PortlandOR97201
2333 SW 6th Ave
PortlandOR97201
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$1,420
Total Monthly Price
2 Bedroom Apartments Available May 18, 2027Total Monthly Price
Base Rent
$1,420
Total Monthly Price
$1,420
730 NW Naito Pkwy, Unit SI FL1-ID15
730 NW Naito PkwyPortland, OR 97209
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
401
1205 SW Cardinell Dr
PortlandOR97201
408 NW 12th Ave, Unit 208
408 NW 12th Ave
PortlandOR97209
300 NW 8th Ave
PortlandOR97209
930 NW Naito Pky
PortlandOR97209
548 NE Tillamook St
PortlandOR97212
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
Showing Results 1-10, Page 1 of 1
Downtown Portland, Portland, OR Local Guide
How much does it cost to rent a home in Downtown Portland?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Portland 2 Bedroom Homes for Rent | $2,861 | $1,695 | $4,250 |
| Downtown Portland 3 Bedroom Homes for Rent | $3,195 | $3,195 | $3,195 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 10 rentals with your search options within a 2 mile radius of the Downtown Portland Neighborhood of Portland, OR.
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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 Building 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Waterleaf | Studio | Studio,1BA | $480 |
| Helen Swindells Building | 0x1 | Studio,1BA | $500 |
| Modern Rich Apartments | 0BR/1.0BA | Studio,1BA | $649 |
Best Value Apartments for Rent in Downtown Portland, OR
As of June 11, 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 0x1 100 Model at Midtown East starting at $999 with a $1.23 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Gallery Park Apartments | Two Bedroom | 2BR,2BA | $1.46 |
| Midtown East | 0x1 100 | Studio ,1BA | $1.23 |
| Victorian Apartments | 2BR/1.0BA | 2BR,1BA | $1.78 |
| Waterleaf | 1 Bedroom 1 Bath | 1BR,1BA | $1.83 |
| Buckman Heights | One-Bedroom | 1BR,1BA | $1.82 |
| Westcott Properties | 2x1 | 2BR,1BA | $1.92 |
| Worthington | 1BR (622sq ft '09s) | 1BR,1BA | $1.97 |
| Westfal Apartments | One Bedroom | 1BR,1BA | $1.71 |
| Margaret Carter Plaza | One Bathroom One Bedroom HUD Unit | 1BR,1BA | $1.55 |
| Fifth Avenue Place Apartments | Studio 425 | Studio ,1BA | $1.99 |
Frequently Asked Questions about Downtown Portland
What type of rentals are currently available in Downtown Portland?
There are currently 535 Apartments for Rent in Downtown Portland, OR with pricing that ranges from $470 to $991,249. There are also 44 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Portland ranging from $1,095 to $4,250.
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 $1,095 to $4,250 with an average monthly rent of $2,389.
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
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.
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.
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.
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
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.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.