Cheap Homes for Rent in East Portland Neighborhood of Portland, OR from $700 (23 Rentals)

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

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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 5SROStudio,$630
Buri BuildingStudio SIMStudio,1BA$799
SM Multnomah Manor1X1- 50% HUD1BR,1BA$822
Parkview ApartmentsStudioStudio,1BA$900
Terracina VistaOne Bedroom1BR,1BA$950

Best Value Apartments for Rent in East Portland, OR

As of November 14, 2025 the best value apartment in the East Portland area is the $1.06 price per square foot 3x2.5 Model at The Willows in the in the East Portland neighborhood starting from $2,295. The second greatest value East Portland apartment is the 2 Bedroom Model at Cedar Tree starting at $1,800 with a $1.36 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$1.06
Cedar Tree2 Bedroom2BR,1BA$1.36
Plaza de Cedro3 bedroom3BR,2BA$1.10
Halsey Summit Apartments3 Bedroom, 1.5 Bath3BR,1.5BA$1.09
Rockrose Apartments2x1.5 townhouse2BR,1.5BA$1.47
Red Rose Manor2BR2B2BR,2BA$1.45
Villa 162 Apartments2 Bed / 1.5 Bath2BR,1.5BA$1.36
Gateway Plaza Apartments1BD, 1BTH 45%1BR,1BA$1.38
Gateway ParkOne Bedroom1BR,1BA$1.40
SM Multnomah Manor1X1- 50% HUD1BR,1BA$1.03

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Pet Friendly Lifestyle
East Portland, Portland, OR

Ranked #28

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

Frequently Asked Questions about East Portland

What type of rentals are currently available in East Portland?

There are currently 841 Apartments for Rent in East Portland, OR with pricing that ranges from $700 to $3,233. There are also 117 Single Family Homes for rent, Condos, and Townhome rentals currently available in East Portland ranging from $700 to $4,500.

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 $700 to $4,500 with an average monthly rent of $2,559.

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 $1,150 to $3,233, while Three Bedroom Homes, Condos, and Townhomes for rent range from $790 to $3,000. 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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.