Cheap Apartments for Rent in the East Portland Neighborhood of Portland, OR from $300 (276 Rentals)

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

property at 1924 SE 139th Ave

$800

Total Monthly Price

Total Monthly Price

Base Rent
$800
Total Monthly Price
$800

1 Bedroom, 1.5 Bath Home for Rent

Available Now

1924 SE 139th Ave, Unit Room 3

1924 SE 139th Ave
PortlandOR97233

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

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

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property at 17139 SE Salmon St

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100
Total Monthly Price
$1,100

Studio, 1.5 Bath Home for Rent

Available Now

17139 SE Salmon St

PortlandOR97233

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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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

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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 1 Bed unit found at Pine Point Apartments priced from $562. East Stark Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $700. Here are the most affordable East Portland apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Pine Point Apartments1x11BR,1BA$562
East Stark ApartmentsStudioStudio,1BA$700
Buri BuildingStudio SIMStudio,1BA$799
SM Multnomah Manor1X1- 50% HUD1BR,1BA$822
Madison at Parkrose108th - The MadisonStudio,1BA$950
Milepost 5StuSROS-200Studio,1BA$977
8023-8069 NE Flanders St1 Beds, 1 Baths1BR,1BA$995
Wy'East PlazastudioStudio,1BA$1,001
The MontavillaRed AlderStudio,1BA$1,020
The Aurora1X11BR,1BA$1,034

Best Value Apartments for Rent in East Portland, OR

As of July 04, 2026 the best value apartment in the East Portland area is the $1.40 price per square foot 2 Bedroom Loft Model at Windsor Court Apartments in the in the East Portland neighborhood starting from $1,399. The second greatest value East Portland apartment is the 2BR/1.0BA Model at Maple Meadows Apartments starting at $1,400 with a $1.40 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.
Windsor Court Apartments2 Bedroom Loft2BR,2BA$1.40
Maple Meadows Apartments2BR/1.0BA2BR,1BA$1.40
Firwood Station2 Bed 1 Bath2BR,1BA$1.21
Rockwood Village Apartments2 Bedroom x 1 Bathroom2BR,1BA$1.33
Townhouse VillaTownhouse2BR,1BA$1.25
Halsey Summit Apartments2 Bedroom, 1 Bath2BR,1BA$1.30
hamar032BR/1.0BA2BR,1BA$1.41
Elaine Station Apartments1BR/1.0BA1BR,1BA$1.29
SM Multnomah Manor1X1- 50% HUD1BR,1BA$1.03
Pine Point Apartments1x11BR,1BA$0.81

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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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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Pet Friendly Lifestyle
East Portland, Portland, OR

Ranked #31

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 $1,034.

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

The cheapest apartment in East Portland is Pine Point Apartments which is listed at $562, while the average apartment in East Portland costs $2,000.

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 89 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 $751 which is $1,249 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.

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

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

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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.

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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

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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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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

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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.

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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.