Cheap Apartments for Rent in the Downtown Neighborhood of Portland, OR from $400 (152 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.

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Yard
Rent Specials
$1,277 - $3,275
Total Monthly Price

Total Monthly Price

Base Rent
$1,277 - $3,275

Total Monthly Price
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Studio to 2 Bedroom Apartments Available Now

Yard

22 NE 2nd AvePortland, OR 97232
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Museum Place
Rent Specials
$1,286 - $2,781
Total Monthly Price

Total Monthly Price

Base Rent
$1,286 - $2,781

Total Monthly Price
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Studio to 2 Bedroom Apartments Available Now

Museum Place

1030-1030 SW Jefferson StPortland, OR 97201
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Storyline
Rent Specials
$1,300 - $5,838
Total Monthly Price

Total Monthly Price

Base Rent
$1,300 - $5,838

Total Monthly Price
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Studio to 2 Bedroom Apartments Available Now

Storyline

1177 SW Market StPortland, OR 97201
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Sky3
Rent Specials
$1,350 - $3,773
Total Monthly Price

Total Monthly Price

Base Rent
$1,350 - $3,773

Total Monthly Price
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Studio to 2 Bedroom Apartments Available Now

Sky3

1221 SW 11th AvePortland, OR 97205
Corporate Housing
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  • Low Income
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735 St. Clair
Rent Specials
$1,354 - $2,745
Total Monthly Price

Total Monthly Price

Base Rent
$1,354 - $2,745

Total Monthly Price
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Studio to 2 Bedroom Apartments Available Now

735 St. Clair

735 SW Saint Clair AvePortland, OR 97205
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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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Grand Belmont
Rent Specials
$1,359 - $2,235
Total Monthly Price

Total Monthly Price

Base Rent
$1,359 - $2,235

Total Monthly Price
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Studio to 2 Bedroom Apartments Available Now

Grand Belmont

514 SE Belmont StPortland, OR 97214
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Sawbuck
$1,360 - $9,414
Total Monthly Price

Total Monthly Price

Base Rent
$1,360 - $9,414

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Jul 20

Sawbuck

1725 SW Salmon StPortland, OR 97205
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230 Ash
Rent Specials
$1,360 - $1,935
Total Monthly Price

Total Monthly Price

Base Rent
$1,360 - $1,935

Total Monthly Price
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Studio to 1 Bedroom Apartments Available Now

230 Ash

230 SW Ash StPortland, OR 97204
Eco-Friendly
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  • Low Income
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Tanner Flats
Rent Specials
$1,380 - $1,421
Total Monthly Price

Total Monthly Price

Base Rent
$1,380 - $1,421

Total Monthly Price
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Studio to 2 Bedroom Apartments Available Now

Tanner Flats

2004 SW Jefferson StPortland, OR 97201
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Amara
Rent Specials
$1,380 - $4,519
Total Monthly Price

Total Monthly Price

Base Rent
$1,380 - $4,519

Total Monthly Price
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Studio to 3 Bedroom Apartments Available Now

Amara

15 NW Park AvePortland, OR 97209
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North Hollow
Rent Specials
$1,399 - $3,593
Total Monthly Price

Total Monthly Price

Base Rent
$1,399 - $3,593

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Jul 17

North Hollow

1551 SW Taylor StPortland, OR 97205
Corporate Housing
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  • Low Income
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Alder House
Studio Apartments

Alder House

539 SW 13th AvePortland, OR 97205
  • Utilities Included

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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Empire Apartments
Studio to 2 Bedroom Apartments

Empire Apartments

1217 SW 11th AvePortland, OR 97205
  • Utilities Included
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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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Goose Hollow Tower
Studio to 2 Bedroom Apartments

Goose Hollow Tower

1630 SW Clay StPortland, OR 97201
Student Housing
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Hidwell Apartments
Studio to 2 Bedroom Apartments

Hidwell Apartments

1415 SW 11th AvePortland, OR 97201
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Yamhill at Sixth
Studio to 1 Bedroom Apartments

Yamhill at Sixth

630 SE Yamhill StPortland, OR 97214

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Alder House
Studio Apartments

Alder House

523-539 SW 13th AvePortland, OR 97205
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Edington Court
Studio to 1 Bedroom Apartments

Edington Court

10 NW 20th AvePortland, OR 97209
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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
  • Utilities Included
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Fifth Avenue Court
Studio to 2 Bedroom Apartments

Fifth Avenue Court

221 NW 5th AvePortland, OR 97209
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Vista Heights
Studio to 2 Bedroom Apartments

Vista Heights

715 SW King AvePortland, OR 97205
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Rena Villa
Studio to 1 Bedroom Apartments

Rena Villa

815 SW Vista AvePortland, OR 97205
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The Shannon
Studio to 1 Bedroom Apartments

The Shannon

911 SW 21st AvePortland, OR 97205

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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The Montgomery
Studio Apartments

The Montgomery

1607 SW Montgomery StPortland, OR 97201
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Allendale Apartments
Studio to 2 Bedroom Apartments

Allendale Apartments

730 SW St Clair AvePortland, OR 97205
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Charmain Apartments
Studio to 1 Bedroom Apartments

Charmain Apartments

805 SW Vista AvePortland, OR 97205
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Uptown Apartments
Studio to 2 Bedroom Apartments

Uptown Apartments

2386 W Burnside StPortland, OR 97210
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Brown Apartments
Studio to 2 Bedroom Apartments

Brown Apartments

807 SW 14th AvePortland, OR 97205
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Adelle Apartments
Studio to 1 Bedroom Apartments

Adelle Apartments

761 SW Vista AvePortland, OR 97205
  • Utilities Included
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West Park Place
Studio to 1 Bedroom Apartments

West Park Place

1415-1419 SW Park AvePortland, OR 97201
  • Utilities Included

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

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 $950.

What is the price of a cheap apartment in Downtown?

The cheapest apartment in Downtown is Westfal Apartments which is listed at $1,025, while the average apartment in Downtown costs $9,524.

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 114 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 $396 which is $9,128 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

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A Portland Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent

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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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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.

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

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

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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.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

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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.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

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