2043 NW Johnson St
PortlandOR97209
Cheap Homes for Rent in Downtown Neighborhood of Portland, OR from $600 (6 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown area of Portland.
1811 NW Couch St
PortlandOR97209
2154 NW Everett 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.
1221 SW 10th Ave
PortlandOR97205
3030 SW 4th Ave
PortlandOR97201
411 NW Flanders St
PortlandOR97209
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.
Showing Results 1-6, Page 1 of 1
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 | $2,588 | $1,965 | $3,900 |
| Downtown 3 Bedroom Homes for Rent | $3,458 | $2,450 | $5,995 |
| Downtown 4 Bedroom Homes for Rent | $6,075 | $5,650 | $6,500 |
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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Downtown, Portland, OR Local Guide
- Nearby Portland neighborhoods
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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 Emmons Place priced from $579. 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 |
|---|---|---|---|
| Emmons Place | STUDIOS | Studio,1BA | $579 |
| Modern Rich Apartments | 0BR/1.0BA | Studio,1BA | $649 |
| Fountain Place Apartments | Studio - 60% | Studio,1BA | $737 |
Best Value Apartments for Rent in Downtown, OR
As of July 03, 2025 the best value apartment in the Downtown area is the $1.78 price per square foot 2 Bed 2.5 Bath Model at 1607 Apartments in the in the Northwest Portland neighborhood starting from $2,200. The second greatest value Downtown apartment is the Two Bedroom Model at Goose Hollow Plaza starting at $1,525 with a $1.66 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. |
|---|---|---|---|
| 1607 Apartments | 2 Bed 2.5 Bath | 2BR,2.5BA | $1.78 |
| Goose Hollow Plaza | Two Bedroom | 2BR,1BA | $1.66 |
| Downtown Living Starts At Lair Hill | 1x1 | 1BR,1BA | $1.82 |
| Pine Cone Apartments | 1bed1bath | 1BR,1BA | $1.62 |
| Westfal Apartments | One Bedroom | 1BR,1BA | $1.83 |
| Allendale Apartments | 1BR/1.0BA | 1BR,1BA | $1.99 |
| Uptown Apartments | Studio | Studio ,1BA | $1.84 |
| 5th Avenue Place Apartments | Studio, 1 bath | Studio ,1BA | $1.67 |
| Fountain Place Apartments | Studio - 60% | Studio ,1BA | $1.69 |
| Emmons Place | STUDIOS | Studio ,1BA | $1.38 |
Quick Rent Budget Calculator
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Frequently Asked Questions about Downtown
What type of rentals are currently available in Downtown?
There are currently 519 Apartments for Rent in Downtown, OR with pricing that ranges from $579 to $24,496. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown ranging from $615 to $6,500.
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 $615 to $6,500 with an average monthly rent of $3,112.
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.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.