
Cheap Apartments for Rent in the Downtown Neighborhood of Portland, OR from $470 (196 Rentals) Page 3 of 4
Search the lowest-cost Apartments available for rent right now in the Downtown area of Portland.


Goose Hollow Tower

Yamhill at Sixth

Alder House

Alexandra Court Apartments

PARK REGENT (PAR01)

Everett Micro Lofts

Saint Francis Apartments

Fifth Avenue Court

Rena Villa
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.

Vista Heights

782 - Topanga Apartments

Adelle Apartments

Uptown Apartments

Brown Apartments

Forrest View Apartments

The Montgomery

Maurice Dear Apartments

Charmain Apartments

1631 NW Everett St

20 NW 16th Ave

Edington Court

Goose Hollow Lofts

Gardner Court

Eden on Everett

Forest & Garden Apartments

Nordel Apartments

Skylar Grand

Imperial Arms

The Amy

Winona Apartments!

Water Meade Apartments

Chapman Court Apartments

Grandview Apartments

Plato Apartments

The Belmar Apartments

Cambridge Trinity

Rosenbaum

Everett Apartments

Teasdale Apartments!

The Willa

Regent Apartments

Goose Apartments

Katherine Apartments

Elite Court Apartments

The Fordham Apartments

Capri Apartments

The Shannon

Curtis Hale Apartments

The Stewart
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+ |
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
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.

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.

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.

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.