Cheap Studio Apartments for Rent in the Downtown Neighborhood of Portland, OR from $470 (126 Rentals)

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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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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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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.

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Grand Belmont
Rent Specials
$1,125 - $1,390
Total Monthly Price

Total Monthly Price

Base Rent
$1,135 - $2,569
Total Monthly Price
Varies
Studio Apartments Available Now

Grand Belmont

514 SE Belmont StPortland, OR 97214
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Park Plaza
$1,187
Total Monthly Price

Total Monthly Price

Base Rent
$1,103 - $2,420
Total Monthly Price
Varies
Studio Apartments Contact Us For Availability

Park Plaza

1969 SW Park AvePortland, OR 97201
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The Cameron
Rent Specials
$1,211 - $1,756
Total Monthly Price

Total Monthly Price

Base Rent
$1,211 - $2,197
Total Monthly Price
Varies
Studio Apartments Available Now

The Cameron

1500 SW 12th AvePortland, OR 97201
Corporate Housing
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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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38 Davis
Rent Specials
$1,275 - $1,375
Total Monthly Price

Total Monthly Price

Base Rent
$1,275 - $1,945
Total Monthly Price
Varies
Studio Apartments Available Now

38 Davis

38 NW Davis StPortland, OR 97209
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Cyan/PDX
Rent Specials
$1,285 - $1,417
Total Monthly Price

Total Monthly Price

Base Rent
$1,285 - $3,834
Total Monthly Price
Varies
Studio Apartments Available Now

Cyan/PDX

1720 SW 4th AvePortland, OR 97201
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North Hollow
Rent Specials
$1,299 - $1,626
Total Monthly Price

Total Monthly Price

Base Rent
$1,299 - $4,909
Total Monthly Price
Varies
Studio Apartments Available Now

North Hollow

1551 SW Taylor StPortland, OR 97205
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Slate Apartments
Rent Specials
$1,300
Total Monthly Price

Total Monthly Price

Base Rent
$1,750 - $2,575
Total Monthly Price
$1,750 - $2,575
Studio Apartments Contact Us For Availability

Slate Apartments

124 NE 3rd AvePortland, OR 97232
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Sawbuck
$1,345 - $4,149
Total Monthly Price

Total Monthly Price

Base Rent
$1,345 - $4,149
Total Monthly Price
Varies
Studio Apartments Available Apr 30

Sawbuck

1725 SW Salmon StPortland, OR 97205
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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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Showing Results 1-50, Page 1 of 3

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 $875.

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 $13,255.

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 198 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 $451 which is $12,804 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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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.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.