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$470 - $1,458Studio to 3 Bedroom Apartments Contact Us For Availability
The Vera
2045 SW River PkyPortland, OR 97201
Cheap Apartments for Rent in the Downtown Neighborhood of Portland, OR from $470 (196 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown area of Portland.
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$500Studio Apartments Contact Us For Availability
Helen Swindells Building
2-16 NW BroadwayPortland, OR 97209
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$649Studio Apartments Available Now
Modern Rich Apartments
205-217 NW Couch StPortland, OR 97209
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$789 - $1,292Studio to 1 Bedroom Apartments Available Now
Hamilton West
1212 SW Clay StPortland, OR 97201
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$791 - $1,210Studio to 1 Bedroom Apartments Available Sep 28
Gretchen Kafoury Commons
1240 SW Columbia StPortland, OR 97201
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$860Studio Apartments Contact Us For Availability
Fountain Place Apartments
929 SW Salmon StPortland, OR 97205
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$875Studio Apartments Available Now
Morrison Park Apartments
803 SW Morrison StPortland, OR 97205
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$849 - $1,325
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Studio to 1 Bedroom Apartments Available Sep 26Total Monthly Price
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$849 - $1,325
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$849 - $1,325
Koz on 4th
2211 SW 4th AvePortland, OR 97201
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$900Studio Apartments Contact Us For Availability
Doricourt Apartments
1126 SW 12th AvePortland, OR 97205
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$900 - $1,000Studio Apartments Available Now
Regency Apartments
1410 SW BroadwayPortland, OR 97201
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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$915 - $1,145
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Studio to 1 Bedroom Apartments Available NowTotal Monthly Price
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$915 - $1,145
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$915 - $1,145
Washington Plaza Apartments
1129 SW Washington StPortland, OR 97205
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$949Studio Apartments Available Now
Emmons Place
680 NW 18th AvePortland, OR 97209
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$950 - $1,115Studio to 1 Bedroom Apartments Contact Us For Availability
Bel Aire Apartments
2139 W Burnside StPortland, OR 97210
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$950 - $1,685Studio to 2 Bedroom Apartments Available Now
Tiller Terrace
1670 SW Alder StPortland, OR 97205
318 NW Broadway
PortlandOR97209
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$975 - $1,439Studio to 2 Bedroom Apartments Available Now
Stadium Station
737 SW 17th AvePortland, OR 97205
1527 SW Columbia St
PortlandOR97201
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$995Studio to 1 Bedroom Apartments Available Now
Ongford Apartments
1417 SW 10th AvePortland, OR 97201
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$995 - $1,515
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$995 - $1,515
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$995 - $1,515
The Fredrick
3010-3106 SW 10th AvePortland, OR 97239
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$999 - $1,249Studio Apartments Contact Us For Availability
Park Avenue Apartments
2059 SW Park AvePortland, OR 97201
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.
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$999 - $1,595Studio to 1 Bedroom Apartments Available Now
Clay & Tiffany
1110 SW Clay StPortland, OR 97201
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$1,000 - $1,620Studio to 2 Bedroom Apartments Available Sep 9
Celio Apartments
901 SW King AvePortland, OR 97205
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$1,000 - $1,715Studio to 2 Bedroom Apartments Available Now
The Zeno
1425 SW Clay StPortland, OR 97201
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$1,025 - $1,5951 to 2 Bedroom Apartments Contact Us For Availability
Westfal Apartments
1880 SW 5th AvePortland, OR 97201
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$1,028 - $1,316Studio to 1 Bedroom Apartments Available Now
WestShore Apartments
222 SW Pine StPortland, OR 97204
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$1,045 - $1,975Studio to 3 Bedroom Apartments Available Now
Portland Towers Apartments
950 SW 21st AvePortland, OR 97205
1964 NW Johnson St
PortlandOR97209
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$1,050 - $1,300Studio to 1 Bedroom Apartments Available Now
Beverly Alder Apartments
1103-1117 SW Alder StPortland, OR 97205
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$1,0501 Bedroom Apartments Contact Us For Availability
Pine Cone Apartments
1025 SW 11th AvePortland, OR 97205
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$1,092 - $2,426
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,092 - $2,426
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Park Plaza
1969 SW Park AvePortland, OR 97201
Portland’s Best Affordable Neighborhoods
Learn about Portland and the best places to live with original content written by our Portland, OR Local Expert Chad Deitchley
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$1,100 - $1,2001 Bedroom Apartments Contact Us For Availability
Twenty 65 Apartments
2065 NW Flanders StPortland, OR 97209
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$1,100 - $1,275Studio Apartments Available Now
NEVADA COURT APARTMENTS (MCM02)
2185 SW Yamhill StPortland, OR 97205
2066 NW Glisan St
PortlandOR97209
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$1,123 - $2,039Studio to 3 Bedroom Apartments Available Now
The Vue
1717 SW Park AvePortland, OR 97201
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$1,142 - $3,326Studio to 3 Bedroom Apartments Available Now
Vista St. Clair
1000 SW Vista AvePortland, OR 97205
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$1,150 - $1,975Studio to 2 Bedroom Apartments Available Now
JEANNE MANOR APARTMENTS (JEAN01)
1431 SW Park AvePortland, OR 97201
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$1,155 - $4,214
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$1,155 - $4,214
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Sky3
1221 SW 11th AvePortland, OR 97205
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$1,195 - $1,895
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$1,195 - $1,895
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$1,195 - $1,895
Manhattan Apartments
2209 NW Everett StPortland, OR 97210
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$1,195 - $1,400Studio Apartments Available Now
Sovereign Building
1207 SW BroadwayPortland, OR 97205
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$1,199 - $2,606
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$1,199 - $2,606
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$1,199 - $2,606
Collective on 4th
1818 SW 4th AvePortland, OR 97201
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
2190 W Burnside St
PortlandOR97210
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$1,200 - $1,425Studio to 1 Bedroom Apartments Available Now
Medina
2926 SW 4th AvePortland, OR 97239
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$1,211 - $2,258
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,211 - $2,258
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The Cameron
1500 SW 12th AvePortland, OR 97201
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$1,215 - $2,940Studio to 2 Bedroom Apartments Available Now
DOCK 59
1315 NW Johnson StPortland, OR 97209
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$1,235 - $2,307
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$1,235 - $2,307
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Collins Circle
1701 SW Columbia StPortland, OR 97201
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$1,246 - $1,798Studio to 3 Bedroom Apartments Available Now
Waterleaf
2065 S River PkyPortland, OR 97201
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$1,273 - $2,682
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$1,273 - $2,682
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Museum Place
1030-1030 SW Jefferson StPortland, OR 97201
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$1,275 - $2,373
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Studio to 4 Bedroom Apartments Available NowTotal Monthly Price
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$1,275 - $2,373
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The Douglas
1811 SW River DrPortland, OR 97201
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$1,292 - $2,235
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$1,292 - $2,235
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Grand Belmont
514 SE Belmont StPortland, OR 97214
1245 SW Grover St
PortlandOR97239
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
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Downtown, Portland, OR Local Guide
How much does it cost to rent an apartment in Downtown?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Studio Apartments | $1,335 | $470 | $6,657 |
| Downtown 1 Bedroom Apartments | $1,881 | $1,025 | $7,437 |
| Downtown 2 Bedroom Apartments | $2,996 | $1,264 | $10,000+ |
| Downtown 3 Bedroom Apartments | $3,362 | $1,458 | $7,125 |
| Downtown 4 Bedroom Apartments | $14,240 | $9,207 | $10,000+ |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 196 rentals with your search options within a 2 mile radius of the Downtown Neighborhood of Portland, OR.
See all Apartments in PortlandExplore Portland
Downtown, Portland, OR Local Guide
- Nearby Portland neighborhoods
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Cheapest Available Downtown Apartments for Rent
The cheapest available apartment rental in the Downtown area of Portland, OR is a Studio unit found at Modern Rich Apartments priced from $649. Hamilton West has the second lowest priced unit, which is a Studio apartment currently listed from $789. Here are the most affordable Downtown apartments for rent in Portland, OR:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Modern Rich Apartments | 0BR/1.0BA | Studio,1BA | $649 |
| Hamilton West | Hamilton West: Your Urban Oasis in Portland | Studio,1BA | $789 |
| Morrison Park Apartments | 0BR/1.0BA | Studio,1BA | $875 |
| Regency Apartments | Studio A | Studio,1BA | $900 |
| Washington Plaza Apartments | s4fl 375 | Studio,1BA | $915 |
| PARK REGENT (PAR01) | Studio (281sq ft #103) | Studio,1BA | $925 |
| Emmons Place | STUDIOS | Studio,1BA | $949 |
| Tiller Terrace | Studio | Studio,1BA | $950 |
| Stadium Station | Studio B | Studio,1BA | $975 |
| 782 - Topanga Apartments | Studio | Studio,1BA | $995 |
Best Value Apartments for Rent in Downtown, OR
As of September 02, 2026 the best value apartment in the Downtown area is the $1.00 price per square foot 2169 NW Irving St Model at 2169 NW Irving St, Unit #10 in the in the Northwest Portland neighborhood starting from $2,500. The second greatest value Downtown apartment is the 2x1 Model at White Apartments starting at $2,350 with a $1.81 price per square foot in the Northwest Portland neighborhood. Here is today’s list of the best values for Downtown apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 2169 NW Irving St, Unit #10 | 2169 NW Irving St | 2BR,1BA | $1.00 |
| White Apartments | 2x1 | 2BR,1BA | $1.81 |
| Everett Station Lofts | 105 | 1BR,1BA | $2.06 |
| Victorian Apartments | 1BR/1.0BA | 1BR,1BA | $1.70 |
| The Zeno | Two Bedroom | 2BR,1BA | $2.08 |
| Portland Terrace | 1 bedroom 1 bath | 1BR,1BA | $1.89 |
| Blumel Hall | One Bedroom- Unfurnished | 1BR,1BA | $1.81 |
| Cambridge Trinity | One Bedroom | 1BR,1BA | $1.91 |
| Brown Apartments | 0BR/1.0BA | Studio ,1BA | $1.99 |
| Ongford Apartments | Studio | Studio ,1BA | $2.03 |
The Portland Power Commute: Top Neighborhoods for Renters Near the City’s Major Job Hubs
Balance work and life in Portland. Explore the neighborhoods for renting that offer great amenities and quick commutes to the city's top major employers. Find your Portland apartment today!
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Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleA Local Experts Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Portland
A Local Experts guide to the Best Student Friendly Neighborhoods Near Colleges in the Portland area. Find your perfect Student apartment, condo, or rental home today
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
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Lifestyle Ratings
ApartmentHomeLiving brings you Lifestyle Ratings of rentals and neighborhoods across the USA, including Downtown, Portland, and the greater Portland area. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including our Star Ratings to compare for outdoor amenities like tennis courts, luxury amenities, places to raise kids, raising pets, transit options, in addition to floorplans, availablity, and pricing. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!
Frequently Asked Questions about Cheap Downtown Apartments
What is a cheap apartment in Downtown?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown is under $995.
What is the price of a cheap apartment in Downtown?
The cheapest apartment in Downtown is Stadium Station which is listed at $1,100, while the average apartment in Downtown costs $1,692.
What types of apartments are the cheapest in Downtown?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 119 regular apartments in Downtown that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Downtown?
Cheap apartments in Downtown have an average cost of $358 which is $1,334 cheaper than the average rent for all rentals in Downtown.
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.
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First Apartment Regrets: Real Renters Share What They'd Do Differently
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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.