Cheap Apartments for Rent in the Forest Park Neighborhood of Portland, OR from $400 (94 Rentals)

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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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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The Melrose Apartments
Rent Specials
$1,399 - $1,549
Total Monthly Price

Total Monthly Price

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$1,399 - $1,549
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1 to 3 Bedroom Apartments Available Now

The Melrose Apartments

6734 N Fessenden StPortland, OR 97203
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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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Clermont
Rent Specials
$1,522 - $2,874
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Total Monthly Price

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$1,522 - $2,874
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1 to 3 Bedroom Apartments Available Now

Clermont

1801-1899 N W 143rd AvePortland, OR 97229
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Lakemont Ridge
$1,599 - $2,725
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$1,599 - $2,725
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1 to 3 Bedroom Apartments Available Now

Lakemont Ridge

7128 NW 159th AvePortland, OR 97229
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From Arts to Eats: A Local Insider's Guide to Living in Portland's Best Spots

Discover the true heart of Portland, Oregon, with this local expert's guide. Explore the city's unique history, from the coin toss that named it to its "Keep Portland Weird" culture, and get an insider look at its most notable neighborhoods and internationally recognized food scene.

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Miraflores
2 to 4 Bedroom Apartments

Miraflores

8917 N NewellPortland, OR 97203
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Holly Hill Apartments
1 to 3 Bedroom Apartments

Holly Hill Apartments

11605 SW Butner RdPortland, OR 97225
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Clifden
1 to 2 Bedroom Apartments

Clifden

8415 N Fessenden StPortland, OR 97203
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Syracuse
Studio to 4 Bedroom Apartments

Syracuse

7210 N Burlington AvePortland, OR 97203
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The Bluffs
Studio to 2 Bedroom Apartments

The Bluffs

5150 N Lombard StPortland, OR 97203
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St. Johns Townhomes
Studio to 2 Bedroom Apartments

St. Johns Townhomes

8527-8537 N Saint Louis AvePortland, OR 97203
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North Louie
Studio to 2 Bedroom Apartments

North Louie

7448 N Saint Louis AvePortland, OR 97203

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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Forest Park, Portland, OR Local Guide

Cheapest Available Forest Park Apartments for Rent

 

The cheapest available apartment rental in the Forest Park area of Portland, OR is a Studio unit found at The Bluffs priced from $1,025. Wyndhaven has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,122. Here are the most affordable Forest Park apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
The BluffsStudioStudio,1BA$1,025
WyndhavenOne Bedroom -11BR,1BA$1,122
Bethany Meadows1 Bedroom 1 Bath1BR,1BA$1,150
Bridgeview Apartments1BR/1.0BA1BR,1BA$1,163
Ridgecrest Timbers1 Bedroom, 1 Bath1BR,1BA$1,165
Rock Creek 185E1Studio,1BA$1,177
8770 N Willamette0BR/1.0BAStudio,1BA$1,195
Ivanhoe (1 & 2)StudioStudio,1BA$1,199
L39 Group0BR/1.0BAStudio,1BA$1,224
Parkside Commons1BR/1.0BA1BR,1BA$1,250

Best Value Apartments for Rent in Forest Park, OR

As of April 27, 2026 the best value apartment in the Forest Park area is the $1.80 price per square foot 2x2.5 Model at Sarah Court in the in the Northwest Portland neighborhood starting from $1,895. The second greatest value Forest Park apartment is the Cypress Model at Meadows at Heron Creek starting at $1,587 with a $1.83 price per square foot in the Northwest Portland neighborhood. Here is today’s list of the best values for Forest Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Sarah Court2x2.52BR,2.5BA$1.80
Meadows at Heron CreekCypress2BR,1BA$1.83
Cathedral VillageTwo Bed One Bath2BR,1BA$1.79
Meadow Park Apartments1x11BR,1BA$1.68
yanke012BR/1.0BA2BR,1BA$1.73
Evanbrook Apartments1 bed 1 bath1BR,1BA$1.74
Cornell Manor1 bed 1 bath1BR,1BA$1.82
Oak Hill Apartments1x1a1BR,1BA$1.83
Bridgeview Apartments1BR/1.0BA1BR,1BA$1.68
WyndhavenOne Bedroom - 21BR,1BA$1.71

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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Pet Friendly Lifestyle
Forest Park, Portland, OR

Ranked #50

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
Forest Park, Portland, OR

School data provided by Great Schools

Lifestyle Ratings

Our team compares millions of points of data to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals and neighborhoods across the USA, including Forest Park, Portland, and the greater Portland area. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including filtering automatically for outdoor amenities like tennis courts, luxury housing options, transit availability, pet-friendly communities, apartment communities for the kids, and how walkable or bikeable each community and area is. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Forest Park Apartments

What is a cheap apartment in Forest Park?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Forest Park is under $1,250.

What is the price of a cheap apartment in Forest Park?

The cheapest apartment in Forest Park is Wyndhaven which is listed at $1,122, while the average apartment in Forest Park costs $2,121.

What types of apartments are the cheapest in Forest Park?

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 76 regular apartments in Forest Park 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 Forest Park?

Cheap apartments in Forest Park have an average cost of $282 which is $1,839 cheaper than the average rent for all rentals in Forest Park.

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

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.

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From Arts to Eats: A Local Insiders Guide to Living in Portland's Best Spots

Written by: Chad Deitchley

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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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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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.