20 NW 16th Ave
PortlandOR97209
Cheap Homes for Rent in the Downtown Portland Neighborhood of Portland, OR from $900 (7 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Portland area of Portland.
1631 NW Everett St
PortlandOR97209
111 SW Harrison St
PortlandOR97201
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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$1,340
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2 Bedroom Apartments Available May 18, 2027Total Monthly Price
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$1,340
Total Monthly Price
$1,340
730 NW Naito Pkwy, Unit SI FL1-ID15
730 NW Naito PkwyPortland, OR 97209
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$1,3951 Bedroom Apartments Available Now
1634 NW Everett St, Unit B-1
1634 NW Everett StPortland, OR 97209
300 NW 8th Ave, Unit 203
300 NW 8th Ave
PortlandOR97209
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.
300 NW 8th Ave
PortlandOR97209
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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 | $3,140 | $2,000 | $5,000 |
| Downtown Portland 3 Bedroom Homes for Rent | $3,500 | $3,500 | $3,500 |
| Downtown Portland 4 Bedroom Homes for Rent | $12,500 | $10,000 | $10,000+ |
| Downtown Portland 5 Bedroom Homes for Rent | $3,695 | $3,695 | $3,695 |
| Downtown Portland 6 Bedroom Homes for Rent | $3,425 | $3,425 | $3,425 |
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 7 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 July 30, 2026 the best value apartment in the Downtown Portland area is the $1.65 price per square foot 2 Bedroom 1 Bath Plan A Model at Ramona Apartments in the in the Northwest Portland neighborhood starting from $1,449. 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. |
|---|---|---|---|
| Ramona Apartments | 2 Bedroom 1 Bath Plan A | 2BR,1BA | $1.65 |
| Midtown East | 0x1 100 | Studio ,1BA | $1.23 |
| Buckman Heights | Two-Bedroom | 2BR,1BA | $1.88 |
| Waterleaf | 1 Bedroom 1 Bath | 1BR,1BA | $1.90 |
| Alder 9 | One Bedroom | 1BR,1BA | $1.68 |
| Brown Apartments | 1BR/1.0BA | 1BR,1BA | $1.84 |
| Blumel Hall | One Bedroom- Unfurnished | 1BR,1BA | $1.81 |
| A. Philips Square | Studio HUD Unit | Studio ,1BA | $1.43 |
| Margaret Carter Plaza | One Bathroom One Bedroom HUD Unit | 1BR,1BA | $1.55 |
| Fifth Avenue Place Apartments | Studio 425 | Studio ,1BA | $1.94 |
Frequently Asked Questions about Downtown Portland
What type of rentals are currently available in Downtown Portland?
There are currently 536 Apartments for Rent in Downtown Portland, OR with pricing that ranges from $470 to $12,193. There are also 44 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Portland ranging from $995 to $12,500.
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 $12,500 with an average monthly rent of $4,256.
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 $1,458 to $10,340, while Three Bedroom Homes, Condos, and Townhomes for rent range from $3,500 to $3,500. Four Bedroom Single-Family rentals are also available starting from $10,000 and Four Bedroom Apartments start at $2,895.
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
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.
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.
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.
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
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
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.
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.
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.