Cheap Homes for Rent in East Portland Neighborhood of Portland, OR from $800 (19 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

Read Article

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.

Read Article

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.

Read Article
Showing Results 1-19, Page 1 of 1

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 $620. 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 5SROStudio,$620
Buri BuildingStudio SIMStudio,1BA$799
SM Multnomah Manor1X1- 50% HUD1BR,1BA$822
Crescent CourtStudioStudio,1BA$950
Traditions at HazelwoodS1Studio,1BA$965

Best Value Apartments for Rent in East Portland, OR

As of September 20, 2025 the best value apartment in the East Portland area is the $1.43 price per square foot 2 Bedroom Model at Cedar Tree in the in the East Portland neighborhood starting from $1,900. The second greatest value East Portland apartment is the 3 bedroom Model at Plaza de Cedro starting at $1,267 with a $1.10 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.
Cedar Tree2 Bedroom2BR,1BA$1.43
Plaza de Cedro3 bedroom3BR,2BA$1.10
Fern Grove3BR 1Bath3BR,1BA$1.39
Garden Villa2x22BR,2BA$1.33
Rockwood Village Apartments2 Bedroom x 1 Bathroom2BR,1BA$1.33
Villa 162 Apartments2 Bed / 1.5 Bath2BR,1.5BA$1.36
Gateway Plaza Apartments1BD, 1BTH 45%1BR,1BA$1.33
Gateway ParkOne Bedroom1BR,1BA$1.40
SM Multnomah Manor1X1- 50% HUD1BR,1BA$1.03
seaside021BR/1.0BA1BR,1BA$1.40

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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
East Portland, Portland, OR

Ranked #37

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

decorative image of woman handing cat to small boy

Best Local Schools in
East Portland, Portland, OR

School data provided by Great Schools

Frequently Asked Questions about East Portland

What type of rentals are currently available in East Portland?

There are currently 833 Apartments for Rent in East Portland, OR with pricing that ranges from $700 to $3,084. There are also 100 Single Family Homes for rent, Condos, and Townhome rentals currently available in East Portland ranging from $835 to $4,995.

What is the current price range for Rental Homes in East Portland?

Today's rental pricing for Homes for Rent, Condos and Townhomes in East Portland ranges from $835 to $4,995 with an average monthly rent of $2,897.

How much are larger Three and Four Bedroom Rentals in East Portland?

For those who are looking for larger living arrangements, Three Bedroom Apartments in East Portland range from $1,297 to $3,084, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,995 to $4,995. Four Bedroom Single-Family rentals are also available starting from $2,350 and Four Bedroom Apartments start at $2,447.

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.

decorative image for A Portland Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent article

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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

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.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

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.