2043 NW Johnson St
PortlandOR97209
Cheap Homes for Rent in Downtown Neighborhood of Portland, OR from $500 (16 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown area of Portland.
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20 NW 16th Ave
PortlandOR97209
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
1631 NW Everett St
PortlandOR97209
2109 NW Irving St
PortlandOR97210
1717 W Burnside St
PortlandOR97209
1811 NW Couch St
PortlandOR97209
526 NW 18th Ave., Unit Basement
526 NW 18th Ave.
PortlandOR97209
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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.
411 NW Flanders St
PortlandOR97209
1205 SW Cardinell Dr
PortlandOR97201
2109 NW Irving St
PortlandOR97210
1926 W Burnside St
PortlandOR97209
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.
1926 W Burnside St
PortlandOR97209
255 SW Harrison St
PortlandOR97201
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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 | $3,201 | $1,895 | $7,550 |
| Downtown 3 Bedroom Homes for Rent | $6,649 | $2,799 | $10,000+ |
| Downtown 4 Bedroom Homes for Rent | $4,236 | $3,750 | $4,995 |
Browse Homes for Rent in this Neighborhood
There are currently 16 rentals with your search options within a 2 mile radius of the Downtown Neighborhood of Portland, OR.
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Downtown, Portland, OR Local Guide
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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 Hamilton West priced from $757. 5th Avenue Place Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $795. Here are the most affordable Downtown apartments for rent in Portland, OR:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Hamilton West | Hamilton West: Your Urban Oasis in Portland | Studio,1BA | $757 |
| 5th Avenue Place Apartments | Studio | Studio,1BA | $795 |
| Pacific Tower Apartments | Studio | Studio,1BA | $900 |
| Fountain Place Apartments | Studio - 60% | Studio,1BA | $900 |
| Gretchen Kafoury Commons | Studio 60% | Studio,1BA | $900 |
Best Value Apartments for Rent in Downtown, OR
As of October 05, 2025 the best value apartment in the Downtown area is the $1.68 price per square foot 2170 NW Flanders St Model at 2170 NW Flanders St, Unit 2170 in the in the Northwest Portland neighborhood starting from $1,850. The second greatest value Downtown apartment is the 2222 NW Irving St Model at 2222 NW Irving St, Unit 2 starting at $1,775 with a $2.03 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. |
|---|---|---|---|
| 2170 NW Flanders St, Unit 2170 | 2170 NW Flanders St | 1BR,1BA | $1.68 |
| 2222 NW Irving St, Unit 2 | 2222 NW Irving St | 1BR,1BA | $2.03 |
| linc301 Apartments | 2x1 828 sq. ft. Morrison | 2BR,1BA | $2.06 |
| Hidwell Apartments | 1BR/1.0BA | 1BR,1BA | $1.56 |
| Portland Terrace | 1 bedroom 1 bath | 1BR,1BA | $1.79 |
| Pine Cone Apartments | 1bed1bath | 1BR,1BA | $1.62 |
| Morrison Park Apartments | 2BR/1.0BA | 2BR,1BA | $1.95 |
| Westfal Apartments | One Bedroom | 1BR,1BA | $1.83 |
| Brown Apartments | 0BR/1.0BA | Studio ,1BA | $1.99 |
| 5th Avenue Place Apartments | Studio | Studio ,1BA | $1.67 |
Quick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
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Pet Friendly LifestyleDowntown, Portland, OR
Ranked #12
Among cities in Oregon for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about Downtown
What type of rentals are currently available in Downtown?
There are currently 517 Apartments for Rent in Downtown, OR with pricing that ranges from $649 to $20,000. There are also 57 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown ranging from $540 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 $540 to $10,500 with an average monthly rent of $3,453.
How much are larger Three and Four Bedroom Rentals in Downtown?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown range from $1,584 to $20,000, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,799 to $10,500. Four Bedroom Single-Family rentals are also available starting from $3,750 and Four Bedroom Apartments start at $9,495.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.
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.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.