Cheap Apartments for Rent in the East Portland Neighborhood of Portland, OR from $600 (112 Rentals)

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Search the lowest-cost Apartments available for rent right now in the East Portland area of Portland.

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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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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hamar03
$1,1952 Bedroom Apartments Available Now

hamar03

11710-11714 SE Powell BlvdPortland, OR 97266
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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Midland Apartments
1 to 2 Bedroom Apartments

Midland Apartments

2016 SE 122nd AvePortland, OR 97233
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Leander Court
2 to 4 Bedroom Apartments

Leander Court

4620 SE 122nd AvePortland, OR 97236
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Rosewood Plaza
Studio Apartments

Rosewood Plaza

18173 NE Couch StPortland, OR 97230
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SM Multnomah Manor
1 to 3 Bedroom Apartments

SM Multnomah Manor

9110 NE Hassalo StPortland, OR 97220
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Burlwood Apartments
1 to 3 Bedroom Apartments

Burlwood Apartments

14914 SE Division StPortland, OR 97236
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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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East Portland, Portland, OR Local Guide

Cheapest Available East Portland Apartments for Rent

 

The cheapest available apartment rental in the East Portland area of Portland, OR is a Studio unit found at MILEPOST 5 priced from $630. Buri Building has the second lowest priced unit, which is a Studio apartment currently listed from $799. Here are the most affordable East Portland apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
MILEPOST 5Studio Just SinkStudio,$630
Buri BuildingStudio SIMStudio,1BA$799
SM Multnomah Manor1X1- 50% HUD1BR,1BA$822
Keystone EastYou didn't know what you were missing until you...Studio,1BA$915
Parkview ApartmentsStudioStudio,1BA$925
Terracina VistaOne Bedroom1BR,1BA$950
Glendoveer Woods ApartmentsSpacious Studio NO Washer & DryerStudio,1BA$959
Alder Royal Apartments1BR/1.0BA1BR,1BA$1,000
Amanda Courts ApartmentsStudio1BR,1BA$1,000
Crofton Apartments1BD/1BTH1BR,1BA$1,045

Best Value Apartments for Rent in East Portland, OR

As of February 17, 2026 the best value apartment in the East Portland area is the $1.11 price per square foot 3x2.5 Model at The Willows in the in the East Portland neighborhood starting from $2,395. The second greatest value East Portland apartment is the 2BD/1BTH Model at Cedar Tree starting at $1,750 with a $1.33 price per square foot in the East Portland neighborhood. Here is today’s list of the best values for East Portland apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Willows3x2.53BR,2.5BA$1.11
Cedar Tree2BD/1BTH2BR,1BA$1.33
Stunning 3-bed/2-bath apartments, close to public transit3BR/2.0BA3BR,2BA$1.37
Plaza de Cedro3 bedroom3BR,2BA$1.10
Imperial House2BR/1.0BA2BR,1BA$1.38
Rockwood Village Apartments2 Bedroom x 1 Bathroom2BR,1BA$1.33
Villa 162 Apartments2 Bed / 1.5 Bath2BR,1.5BA$1.36
seaside011BR/1.0BA1BR,1BA$1.26
Brentwood Apartments2BD, 1BTH A2BR,1BA$1.44
SM Multnomah Manor1X1- 50% HUD1BR,1BA$1.03

The Portland Power Commute: Top Neighborhoods for Renters Near the City’s Major Job Hubs

Balance work and life in Portland. Explore the neighborhoods for renting that offer great amenities and quick commutes to the city's top major employers. Find your Portland apartment today!

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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.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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A Local Experts Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Portland

A Local Experts guide to the Best Student Friendly Neighborhoods Near Colleges in the Portland area. Find your perfect Student apartment, condo, or rental home today

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Quick Rent Budget Calculator

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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 Lifestyle
East Portland, Portland, OR

Ranked #30

Among cities in Oregon for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
East Portland, Portland, OR

School data provided by Great Schools

Lifestyle Ratings

Our team compiles millions of data points to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals in cities and towns across the United States including East Portland, Portland, and the greater Portland area. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including searching for the best amenities, and the best outdoor access, pet-friendly features, apartment complexes for the kids, proximity to transit, and other valuable search options. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap East Portland Apartments

What is a cheap apartment in East Portland?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in East Portland is under $1,045.

What is the price of a cheap apartment in East Portland?

The cheapest apartment in East Portland is SM Multnomah Manor which is listed at $822, while the average apartment in East Portland costs $1,995.

What types of apartments are the cheapest in East Portland?

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 142 regular apartments in East Portland 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 East Portland?

Cheap apartments in East Portland have an average cost of $835 which is $1,160 cheaper than the average rent for all rentals in East Portland.

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.

Articles, How-To's, and Tips

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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.

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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.