20 NW 16th Ave
PortlandOR97209
Cheap Homes for Rent in the Downtown Neighborhood of Portland, OR from $1,000 (7 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown area of Portland.
1631 NW Everett St
PortlandOR97209
22 S Meade St
PortlandOR97201
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.
111 SW Harrison St
PortlandOR97201
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$1,340
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2 Bedroom Apartments Available May 18, 2027Total Monthly Price
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$1,340
Total Monthly Price
$1,340
730 NW Naito Pkwy, Unit SI FL1-ID15
730 NW Naito PkwyPortland, OR 97209
2109 NW Irving St
PortlandOR97210
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.
2442 SW Sheffield Ave, Unit B
2442 SW Sheffield Ave
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 | $2,952 | $2,100 | $4,200 |
| Downtown 3 Bedroom Homes for Rent | $2,495 | $2,495 | $2,495 |
| Downtown 4 Bedroom Homes for Rent | $8,197 | $3,895 | $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 7 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 Waterleaf priced from $480. Helen Swindells Building has the second lowest priced unit, which is a Studio apartment currently listed from $500. Here are the most affordable Downtown apartments for rent in Portland, OR:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Waterleaf | Studio | Studio,1BA | $480 |
| Helen Swindells Building | 0x1 | Studio,1BA | $500 |
| Modern Rich Apartments | 0BR/1.0BA | Studio,1BA | $649 |
Best Value Apartments for Rent in Downtown, OR
As of July 16, 2026 the best value apartment in the Downtown area is the $1.00 price per square foot 2169 NW Irving St Model at 2169 NW Irving St, Unit #10 in the in the Northwest Portland neighborhood starting from $2,500. The second greatest value Downtown apartment is the 2BR/2.0BA Model at Goose Hollow Townhomes starting at $1,950 with a $2.02 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. |
|---|---|---|---|
| 2169 NW Irving St, Unit #10 | 2169 NW Irving St | 2BR,1BA | $1.00 |
| Goose Hollow Townhomes | 2BR/2.0BA | 2BR,2BA | $2.02 |
| Everett Station Lofts | 105 | 1BR,1BA | $2.06 |
| 1351-01PP- Yamhill Manor | Unit 09 | 1BR,1BA | $1.49 |
| 1607 Apartments | 1BR/1.0BA | 1BR,1BA | $1.79 |
| Waterleaf | 1 Bedroom 1 Bath | 1BR,1BA | $1.90 |
| Blumel Hall | One Bedroom- Unfurnished | 1BR,1BA | $1.81 |
| Westfal Apartments | One Bedroom | 1BR,1BA | $1.71 |
| Allendale Apartments | 1BR/1.0BA | 1BR,1BA | $1.99 |
| Brown Apartments | 0BR/1.0BA | Studio ,1BA | $1.99 |
Frequently Asked Questions about Downtown
What type of rentals are currently available in Downtown?
There are currently 522 Apartments for Rent in Downtown, OR with pricing that ranges from $470 to $9,918. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown ranging from $1,050 to $12,500.
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 $1,050 to $12,500 with an average monthly rent of $3,367.
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 $1,455 to $9,157, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,495 to $2,495. Four Bedroom Single-Family rentals are also available starting from $3,895 and Four Bedroom Apartments start at $9,131.
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
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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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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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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.
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There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
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Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.