Cheap Homes for Rent in Forest Park Neighborhood of Portland, OR from $500 (17 Rentals)

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

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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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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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 Ivanhoe (1 & 2) priced from $975. The Bluffs has the second lowest priced unit, which is a Studio apartment currently listed from $999. Here are the most affordable Forest Park apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Ivanhoe (1 & 2)StudioStudio,1BA$975
The BluffsStudioStudio,1BA$999
Central Chalet Apartments1BR 1 Bath1BR,1BA$1,100
Marvel 29SA3 - STUDIOStudio,1BA$1,195
Cedar Mill Apartments1BR/1.0BA1BR,1BA$1,195

Best Value Apartments for Rent in Forest Park, OR

As of July 24, 2025 the best value apartment in the Forest Park area is the $1.89 price per square foot Edison Model at Bethany West in the in the Northwest Portland neighborhood starting from $2,500. The second greatest value Forest Park apartment is the 2 Bed 2 Bath B Model at The Lakes starting at $1,915 with a $1.76 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.
Bethany WestEdison3BR,2BA$1.89
The Lakes2 Bed 2 Bath B2BR,2BA$1.76
Springville OaksB2A2BR,2BA$1.83
Hunters RunExeter2BR,2BA$1.86
Jasper Square by Trion Living2x22BR,2BA$1.86
King's Court Apartments2 Bed 2 Bath2BR,2BA$1.90
Cornell Manor2 bed 1 bath2BR,1BA$1.81
Evanbrook Apartments1 bed 1 bath1BR,1BA$1.91
Cimarron Apartments1BR1B1BR,1BA$1.85
Central Chalet Apartments1BR 1 Bath1BR,1BA$1.69

Quick Rent Budget Calculator

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Frequently Asked Questions about Forest Park

What type of rentals are currently available in Forest Park?

There are currently 274 Apartments for Rent in Forest Park, OR with pricing that ranges from $1,100 to $4,942. There are also 103 Single Family Homes for rent, Condos, and Townhome rentals currently available in Forest Park ranging from $580 to $7,850.

What is the current price range for Rental Homes in Forest Park?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Forest Park ranges from $580 to $7,850 with an average monthly rent of $2,733.

How much are larger Three and Four Bedroom Rentals in Forest Park?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Forest Park range from $1,599 to $4,867, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,695 to $4,750. Four Bedroom Single-Family rentals are also available starting from $2,730 and Four Bedroom Apartments start at $2,884.

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.

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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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.