Cheap Homes for Rent in Downtown Portland Neighborhood of Portland, OR from $600 (24 Rentals)

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

property at 1811 NW Couch St

1811 NW Couch St

PortlandOR97209

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Downtown Portland, Portland, OR Local Guide

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 Alder 9 priced from $626. Gretchen Kafoury Commons has the second lowest priced unit, which is a Studio apartment currently listed from $702. Here are the most affordable Downtown Portland apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Alder 9Studio 30%Studio,1BA$626
Gretchen Kafoury CommonsStudio PBV 60%Studio,1BA$702
Hamilton WestHamilton West: Your Urban Oasis in PortlandStudio,1BA$757
5th Avenue Place ApartmentsStudioStudio,1BA$795
Emmons PlaceSTUDIOSStudio,1BA$799

Best Value Apartments for Rent in Downtown Portland, OR

As of September 13, 2025 the best value apartment in the Downtown Portland area is the $1.78 price per square foot 2 Bed 2.5 Bath Model at 1607 Apartments in the in the Northwest Portland neighborhood starting from $2,200. The second greatest value Downtown Portland apartment is the Townhome Model at Museum Place starting at $2,404 with a $2.00 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.
1607 Apartments2 Bed 2.5 Bath2BR,2.5BA$1.78
Museum PlaceTownhome2BR,2BA$2.00
Hidwell Apartments1BR/1.0BA1BR,1BA$1.42
Pine Cone Apartments1bed1bath1BR,1BA$1.62
Westfal ApartmentsOne Bedroom1BR,1BA$1.83
Melcliff Apartments0BR/1.0BAStudio ,1BA$1.84
Brown Apartments0BR/1.0BAStudio ,1BA$1.79
5th Avenue Place ApartmentsStudioStudio ,1BA$1.67
Fountain Place ApartmentsStudio - 60%Studio ,1BA$2.06
Emmons PlaceSTUDIOSStudio ,1BA$1.90

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Downtown Portland, Portland, OR

Ranked #7

Among cities in Oregon for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Downtown Portland

What type of rentals are currently available in Downtown Portland?

There are currently 524 Apartments for Rent in Downtown Portland, OR with pricing that ranges from $626 to $20,000. There are also 84 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Portland ranging from $690 to $7,550.

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 $690 to $7,550 with an average monthly rent of $2,970.

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 $1,584 to $20,000, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,600 to $4,200. Four Bedroom Single-Family rentals are also available starting from $3,100 and Four Bedroom Apartments start at $4,000.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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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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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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.