Cheap Studio Apartments for Rent in the Downtown Neighborhood of Portland, OR from $470 (115 Rentals)

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Genius Ideas and Studio Layout Tips That Maximize Every Square Inch

Transform your studio apartment layout and maximize storage. Get proven ideas from a 20-year property expert to make any small space stylish and functional.

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Koz on 4th
Rent Specials
$925 - $1,221
Total Monthly Price

Total Monthly Price

Base Rent
$949 - $1,425
Total Monthly Price
$949 - $1,425
Studio Apartments Available Now

Koz on 4th

2211 SW 4th AvePortland, OR 97201
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The Fredrick
Rent Specials
$995 - $1,040
Total Monthly Price

Total Monthly Price

Base Rent
$995 - $1,515
Total Monthly Price
$995 - $1,515
Studio Apartments Available Now

The Fredrick

3010-3106 SW 10th AvePortland, OR 97239
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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Create a productive work-from-home apartment setup, even in a small space or studio. Discover layout ideas, desk solutions, and organization tips that actually work.

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Park Plaza
$1,164
Total Monthly Price

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Base Rent
$1,031 - $2,426
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Park Plaza

1969 SW Park AvePortland, OR 97201
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Manhattan Apartments
$1,195 - $1,235
Total Monthly Price

Total Monthly Price

Base Rent
$1,195 - $1,895
Total Monthly Price
$1,195 - $1,895
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Manhattan Apartments

2209 NW Everett StPortland, OR 97210
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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.

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The Cameron
$1,211 - $1,801
Total Monthly Price

Total Monthly Price

Base Rent
$1,211 - $2,778
Total Monthly Price
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Studio Apartments Available Jun 13

The Cameron

1500 SW 12th AvePortland, OR 97201
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Collective on 4th
Rent Specials
$1,214 - $2,326
Total Monthly Price

Total Monthly Price

Base Rent
$1,214 - $4,232
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Collective on 4th

1818 SW 4th AvePortland, OR 97201
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North Hollow
Rent Specials
$1,245 - $1,558
Total Monthly Price

Total Monthly Price

Base Rent
$1,245 - $4,841
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Studio Apartments Available Now

North Hollow

1551 SW Taylor StPortland, OR 97205
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The Douglas
Rent Specials
$1,275 - $1,394
Total Monthly Price

Total Monthly Price

Base Rent
$1,275 - $2,999
Total Monthly Price
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Studio Apartments Available Now

The Douglas

1811 SW River DrPortland, OR 97201
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38 Davis
Rent Specials
$1,275 - $1,375
Total Monthly Price

Total Monthly Price

Base Rent
$1,275 - $1,700
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Studio Apartments Available Now

38 Davis

38 NW Davis StPortland, OR 97209
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Yard
Rent Specials
$1,277 - $1,726
Total Monthly Price

Total Monthly Price

Base Rent
$1,277 - $2,615
Total Monthly Price
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Studio Apartments Available Now

Yard

22 NE 2nd AvePortland, OR 97232
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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.

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Akoya
Rent Specials
$1,281 - $1,486
Total Monthly Price

Total Monthly Price

Base Rent
$1,281 - $10,000
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Studio Apartments Available Now

Akoya

1430 NW Hoyt StPortland, OR 97209
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Jute Apartments
Rent Specials
$1,295 - $1,505
Total Monthly Price

Total Monthly Price

Base Rent
$1,295 - $1,970
Total Monthly Price
$1,295 - $1,970
Studio Apartments Available Now

Jute Apartments

550 SE Martin Luther King Jr BlvdPortland, OR 97214
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Hollis
Rent Specials
$1,300 - $2,477
Total Monthly Price

Total Monthly Price

Base Rent
$1,300 - $2,565
Total Monthly Price
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Studio Apartments Available Now

Hollis

1625 SW Alder StPortland, OR 97205
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Storyline
Rent Specials
$1,315 - $1,399
Total Monthly Price

Total Monthly Price

Base Rent
$1,315 - $6,225
Total Monthly Price
Varies
Studio Apartments Available Now

Storyline

1177 SW Market StPortland, OR 97201
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Grand Belmont
Rent Specials
$1,320 - $1,485
Total Monthly Price

Total Monthly Price

Base Rent
$1,330 - $2,735
Total Monthly Price
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Studio Apartments Available Now

Grand Belmont

514 SE Belmont StPortland, OR 97214
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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.

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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 $915.

What is the price of a cheap apartment in Downtown?

The cheapest apartment in Downtown is Waterleaf which is listed at $480, while the average apartment in Downtown costs $11,466.

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 128 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 $460 which is $11,006 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

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.

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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

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.

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From Arts to Eats: A Local Insiders 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.

Articles, How-To's, and Tips

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.