Cheap Apartments for Rent in the Downtown Neighborhood of Portland, OR from $500 (160 Rentals) Page 2 of 4

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

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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5 MLK
Rent Specials
$1,487 - $3,670Studio to 2 Bedroom Apartments Available Now

5 MLK

5 SE Martin Luther King Jr BlvdPortland, OR 97214
Transit Friendly
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Alder House
Studio Apartments

Alder House

539 SW 13th AvePortland, OR 97205
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Alder House
Studio Apartments

Alder House

523-539 SW 13th AvePortland, OR 97205
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Empire Apartments
Studio to 2 Bedroom Apartments

Empire Apartments

1217 SW 11th AvePortland, OR 97205
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The Arthur
Studio Apartments

The Arthur

726 SW 11th AvePortland, OR 97205
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Medallion Apartments
1 to 2 Bedroom Apartments

Medallion Apartments

1969 NW Johnson StPortland, OR 97209
Senior Living
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Grand Oak Apartments
Studio to 1 Bedroom Apartments

Grand Oak Apartments

400-418 SE Grand AvePortland, OR 97214
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St. James
Studio to 2 Bedroom Apartments

St. James

1312 SW 10th AvePortland, OR 97201
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Topanga Apartments
Studio to 1 Bedroom Apartments

Topanga Apartments

2157 W Burnside StPortland, OR 97210
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Katherine Apartments
Studio to 2 Bedroom Apartments

Katherine Apartments

621-629 NW 23rd AvePortland, OR 97210
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Yamhill at Sixth
Studio to 1 Bedroom Apartments

Yamhill at Sixth

630 SE Yamhill StPortland, OR 97214
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Koz on 4th
Studio to 1 Bedroom Apartments

Koz on 4th

2211 SW 4th AvePortland, OR 97201
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Bel Aire Apartments
Studio to 1 Bedroom Apartments

Bel Aire Apartments

2139 W Burnside StPortland, OR 97210
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Everett Micro Lofts
Studio Apartments

Everett Micro Lofts

306-318 NW BroadwayPortland, OR 97209
Student Housing
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Saint Francis Apartments
Studio to 2 Bedroom Apartments

Saint Francis Apartments

1024-1126 SW Main StPortland, OR 97205
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Showing Results 51-100, Page 2 of 4

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 $895.

What is the price of a cheap apartment in Downtown?

The cheapest apartment in Downtown is Gretchen Kafoury Commons which is listed at $950, while the average apartment in Downtown costs $9,189.

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 192 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 $563 which is $8,626 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

decorative image for A Portland Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent article

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.

decorative image for Local Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Portland article

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.

decorative image for The Portland Power Commute: Top Neighborhoods for Renters Near the City’s Major Job Hubs article

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.

Articles, How-To's, and Tips

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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!