Cheap Apartments for Rent in the Downtown Neighborhood of Portland, OR from $470 (196 Rentals) Page 2 of 4

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

close
View Me
230 Ash
Rent Specials
$1,299 - $2,260
Total Monthly Price

Total Monthly Price

Base Rent
$1,299 - $2,260

Total Monthly Price
$1,299 - $2,260
Studio to 1 Bedroom Apartments Available Now

230 Ash

230 SW Ash StPortland, OR 97204
Eco-Friendly
  • Verified
  • Customer Reviewed
  • Low Income
close
View Me
Jute Apartments
Rent Specials
$1,310 - $1,940
Total Monthly Price

Total Monthly Price

Base Rent
$1,310 - $1,940

Total Monthly Price
$1,310 - $1,940
Studio to 1 Bedroom Apartments Available Sep 12

Jute Apartments

550 SE Martin Luther King Jr BlvdPortland, OR 97214
Affordability
  • Verified
  • 3D Tour
close
View Me
Hollis
Rent Specials
$1,313 - $2,801
Total Monthly Price

Total Monthly Price

Base Rent
$1,313 - $2,801

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Hollis

1625 SW Alder StPortland, OR 97205
Affordability
  • Verified
  • Customer Reviewed
  • 3D Tour
close
View Me
38 Davis
Rent Specials
$1,325 - $1,695
Total Monthly Price

Total Monthly Price

Base Rent
$1,325 - $1,695

Total Monthly Price
Varies
Studio to 1 Bedroom Apartments Available Now

38 Davis

38 NW Davis StPortland, OR 97209
Transit Friendly
  • Verified
  • Customer Reviewed
  • Utilities Included

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

close
View Me
Tanner Flats
Rent Specials
$1,365 - $4,189
Total Monthly Price

Total Monthly Price

Base Rent
$1,365 - $4,189

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Tanner Flats

2004 SW Jefferson StPortland, OR 97201
Student Housing
  • Verified
  • Customer Reviewed
  • 3D Tour
close
View Me
North Hollow
Rent Specials
$1,374 - $4,126
Total Monthly Price

Total Monthly Price

Base Rent
$1,374 - $4,126

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

North Hollow

1551 SW Taylor StPortland, OR 97205
Corporate Housing
  • Verified
  • Customer Reviewed
  • Low Income
close
View Me
Amara
Rent Specials
$1,374 - $5,875
Total Monthly Price

Total Monthly Price

Base Rent
$1,374 - $5,875

Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

Amara

15 NW Park AvePortland, OR 97209
Transit Friendly
  • Verified
  • Customer Reviewed
  • 3D Tour
close
View Me
Storyline
Rent Specials
$1,299 - $9,205
Total Monthly Price

Total Monthly Price

Base Rent
$1,299 - $9,205

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Storyline

1177 SW Market StPortland, OR 97201
Transit Friendly
  • Verified
  • Customer Reviewed
  • 3D Tour
close
View Me
Sawbuck
Rent Specials
$1,388 - $16,509
Total Monthly Price

Total Monthly Price

Base Rent
$1,388 - $16,509

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Sawbuck

1725 SW Salmon StPortland, OR 97205
Furnished
  • Verified
  • Customer Reviewed
  • 3D Tour
close
View Me
735 St. Clair
Rent Specials
$1,420 - $2,903
Total Monthly Price

Total Monthly Price

Base Rent
$1,420 - $2,903

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

735 St. Clair

735 SW Saint Clair AvePortland, OR 97205
Affordability
  • Verified
  • Customer Reviewed
  • 3D Tour
close
View Me
Arrive University Park
$1,425 - $4,089
Total Monthly Price

Total Monthly Price

Base Rent
$1,425 - $4,089

Total Monthly Price
$1,425 - $4,089
Studio to 3 Bedroom Apartments Available Now

Arrive University Park

1720 SW 4th AvePortland, OR 97201
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

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

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

property at 300 NW 8th Ave

$1,495

Total Monthly Price

Total Monthly Price

Base Rent
$1,495

Total Monthly Price
$1,495

Studio, 1 Bath Condo for Rent

Available Now

300 NW 8th Ave, Unit 203

300 NW 8th Ave
PortlandOR97209
close
View Me
ART Tower
Rent Specials
$1,534 - $9,224
Total Monthly Price

Total Monthly Price

Base Rent
$1,534 - $9,224

Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

ART Tower

1510 SW Alder StPortland, OR 97205
Transit Friendly
  • Verified
  • Customer Reviewed
  • 3D Tour
close
View Me
Dianne
Rent Specials
$1,542 - $3,555
Total Monthly Price

Total Monthly Price

Base Rent
$1,542 - $3,555

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Dianne

535 NW 11th AvePortland, OR 97209
Transit Friendly
  • Verified
  • Customer Reviewed
  • 3D Tour
close
View Me
Yard
Rent Specials
$1,556 - $2,535
Total Monthly Price

Total Monthly Price

Base Rent
$1,556 - $2,535

Total Monthly Price
$1,556 - $2,535
Studio to 2 Bedroom Apartments Available Now

Yard

22 NE 2nd AvePortland, OR 97232
Furnished
  • Verified
  • Customer Reviewed
  • 3D Tour

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

close
View Me
5MLK
Rent Specials
$1,587 - $7,452
Total Monthly Price

Total Monthly Price

Base Rent
$1,587 - $7,452

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

5MLK

5 SE Martin Luther King Jr BlvdPortland, OR 97214
Transit Friendly
  • Verified
  • Customer Reviewed
  • 3D Tour
close
View Me
Portland Astoria
Rent Specials
$1,588 - $4,973
Total Monthly Price

Total Monthly Price

Base Rent
$1,588 - $4,973

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Portland Astoria

140 SW Columbia StPortland, OR 97201
Luxury
  • Verified
  • Customer Reviewed
  • 3D Tour

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

close
View Me
Akoya
Rent Specials
$1,678 - $10,000
Total Monthly Price

Total Monthly Price

Base Rent
$1,678 - $10,000

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Akoya

1430 NW Hoyt StPortland, OR 97209
Corporate Housing
  • Verified
  • Customer Reviewed
close
View Me
Alder House
Studio Apartments

Alder House

539 SW 13th AvePortland, OR 97205
  • Utilities Included
close
View Me
Empire Apartments
Studio to 2 Bedroom Apartments

Empire Apartments

1217 SW 11th AvePortland, OR 97205
  • Utilities Included
close
View Me
Medallion Apartments
1 to 2 Bedroom Apartments

Medallion Apartments

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

Grand Oak Apartments

400-418 SE Grand AvePortland, OR 97214
  • Utilities Included
close
View Me
St. James
Studio to 2 Bedroom Apartments

St. James

1312 SW 10th AvePortland, OR 97201
  • Utilities Included

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.

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

decorative image for From Arts to Eats: A Local Insider's Guide to Living in Portland's Best Spots article

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.

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.

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 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.

Articles, How-To's, and Tips

decorative image for Rent According to Income: A Look at Income-Restricted Rentals   article

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.

decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags   article

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.