2043 NW Johnson St
PortlandOR97209
Cheap Homes for Rent in Downtown Neighborhood of Portland, OR from $500 (6 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown area of Portland.
1811 NW Couch St
PortlandOR97209
1134 SW Jefferson St, Unit 206
1134 SW Jefferson St
PortlandOR97201
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.
1631 NW Everett St
PortlandOR97209
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$1,1951 Bedroom Apartments Available Now
1518-1522 SW Harrison St
1518-1522-1522 SW Harrison StPortland, OR 97201
2109 NW Irving St
PortlandOR97210
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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Downtown, Portland, OR Local Guide
How much does it cost to rent a home in Downtown?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown 2 Bedroom Homes for Rent | $2,539 | $1,850 | $2,850 |
| Downtown 3 Bedroom Homes for Rent | $10,500 | $10,000 | $10,000+ |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 6 rentals with your search options within a 2 mile radius of the Downtown Neighborhood of Portland, OR.
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Cheapest Available Downtown Apartments for Rent
The cheapest available apartment rental in the Downtown area of Portland, OR is a Studio unit found at Helen Swindells Apartments priced from $500. Modern Rich Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $649. Here are the most affordable Downtown apartments for rent in Portland, OR:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Helen Swindells Apartments | 0x1 | Studio,1BA | $500 |
| Modern Rich Apartments | 0BR/1.0BA | Studio,1BA | $649 |
| Fountain Place Apartments | Micro Studio | Studio,1BA | $680 |
Best Value Apartments for Rent in Downtown, OR
As of March 02, 2026 the best value apartment in the Downtown area is the $1.70 price per square foot 1x1 Model at Lair Hill in the in the Southwest Portland neighborhood starting from $1,395. The second greatest value Downtown apartment is the 2BR/1.0BA Model at Victorian Apartments starting at $1,459 with a $1.86 price per square foot in the Northwest Portland neighborhood. Here is today’s list of the best values for Downtown apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Lair Hill | 1x1 | 1BR,1BA | $1.70 |
| Victorian Apartments | 2BR/1.0BA | 2BR,1BA | $1.86 |
| Honeyman Hardware Lofts | Broadway Studio A | Studio ,1BA | $1.89 |
| Portland Terrace | 1 bedroom 1 bath | 1BR,1BA | $1.79 |
| Museum Place | Gallery B | 1BR,1BA | $2.05 |
| Westfal Apartments | One Bedroom | 1BR,1BA | $1.83 |
| Allendale Apartments | 0BR/1.0BA | Studio ,1BA | $1.75 |
| Rena Villa | 1x1 | 1BR,1BA | $1.97 |
| Ongford Apartments | Studio | Studio ,1BA | $1.99 |
| Fifth Avenue Place Apartments | Studio 425 | Studio ,1BA | $1.78 |
Frequently Asked Questions about Downtown
What type of rentals are currently available in Downtown?
There are currently 520 Apartments for Rent in Downtown, OR with pricing that ranges from $500 to $15,462. There are also 40 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown ranging from $550 to $10,500.
What is the current price range for Rental Homes in Downtown?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown ranges from $550 to $10,500 with an average monthly rent of $4,061.
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
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.
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.
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.
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
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.
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.
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.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.