Cheap Apartments for Rent in the Gateway Neighborhood of Portland, OR from $500 (105 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Gateway 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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Greenview Terrace
1 to 2 Bedroom Apartments

Greenview Terrace

620 SE 148th AvePortland, OR 97233
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SM Multnomah Manor
1 to 3 Bedroom Apartments

SM Multnomah Manor

9110 NE Hassalo StPortland, OR 97220
  • Utilities Included

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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Midland Apartments
1 to 2 Bedroom Apartments

Midland Apartments

2016 SE 122nd AvePortland, OR 97233
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Burlwood Apartments
1 to 3 Bedroom Apartments

Burlwood Apartments

14914 SE Division StPortland, OR 97236
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The Alexis Apartments
Studio to 3 Bedroom Apartments

The Alexis Apartments

15075 SE Stark StPortland, OR 97233
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Hazel Heights
1 to 2 Bedroom Apartments

Hazel Heights

12621 SE Stark StPortland, OR 97233
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Crescent Court
Studio to 3 Bedroom Apartments

Crescent Court

11560 SE Division StPortland, OR 97266
  • Utilities Included

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 Bria Apartments
1 to 2 Bedroom Apartments

The Bria Apartments

30 NE 146th AvePortland, OR 97230
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Sunshine Meadows
1 to 2 Bedroom Apartments

Sunshine Meadows

13605-13621 SE Division StPortland, OR 97236
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Pine Point Apartments
Studio to 2 Bedroom Apartments

Pine Point Apartments

12025 SE Pine StPortland, OR 97216
Senior Living
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Eastgate Station
1 to 4 Bedroom Apartments

Eastgate Station

100 NE 120th AvePortland, OR 97220
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The Nick Fish
Studio to 2 Bedroom Apartments

The Nick Fish

10550 NE Halsey StPortland, OR 97220
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Jackson Court
1 to 3 Bedroom Apartments

Jackson Court

1313 NE 131st PlPortland, OR 97230
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Ascot Place
1 Bedroom Apartments

Ascot Place

110-114 SE 146th AvePortland, OR 97233

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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Gateway, Portland, OR Local Guide

Cheapest Available Gateway Apartments for Rent

 

The cheapest available apartment rental in the Gateway area of Portland, OR is a Studio unit found at Buri Building priced from $799. SM Multnomah Manor has the second lowest priced unit, which is a 1 Bed apartment currently listed from $822. Here are the most affordable Gateway apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Buri BuildingStudio SIMStudio,1BA$799
SM Multnomah Manor1X1- 50% HUD1BR,1BA$822
Crescent CourtStudioStudio,1BA$950
Glendoveer Woods ApartmentsStudio NO Washer & DryerStudio,1BA$986
Wy'East PlazastudioStudio,1BA$1,001
Sunshine Meadows1x11BR,1BA$1,025
Pine Point Apartments1x11BR,1BA$1,027
Huckleberry ApartmentsStudioStudio,1BA$1,050
Eastgate Apartments1X11BR,1BA$1,095
seaside021BR/1.0BA1BR,1BA$1,095

Best Value Apartments for Rent in Gateway, OR

As of May 08, 2026 the best value apartment in the Gateway area is the $1.51 price per square foot 3BR/2.0BA Model at Stunning 3-bed/2-bath apartments, close to public transit in the in the East Portland neighborhood starting from $1,815. The second greatest value Gateway apartment is the 2 Bedroom Townhome Model at Lassam Terrace Apartments starting at $1,395 with a $1.44 price per square foot in the Southeast Portland neighborhood. Here is today’s list of the best values for Gateway apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Stunning 3-bed/2-bath apartments, close to public transit3BR/2.0BA3BR,2BA$1.51
Lassam Terrace Apartments2 Bedroom Townhome2BR,1.5BA$1.44
143rd Apartments2 Bedroom 1 Bath - 503912BR,1BA$1.62
Rochelle Apartments2 Bedroom, 1 Bath2BR,1BA$1.51
Evergreen Park2BR/1.0BA2BR,1BA$1.64
SM Multnomah Manor1X1- 50% HUD1BR,1BA$1.03
Sunshine Meadows1x11BR,1BA$1.37
Ventura Park Plaza Apartments1BD, 1BTH1BR,1BA$1.59
Vine Maple1BR 1Bath1BR,1BA$1.60
Pine Point Apartments1x11BR,1BA$1.48

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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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.

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Best Local Schools in
Gateway, Portland, OR

School data provided by Great Schools

Frequently Asked Questions about Cheap Gateway Apartments

What is the Cheapest Studio apartment in Gateway?

Currently the most affordable Cheap Studio Apartment in Gateway is at Buri Building listed at $799.

How much is rent for a Cheap One Bedroom Gateway Apartment?

The lowest price for a Cheap One Bedroom Gateway Apartment is $822 at SM Multnomah Manor.

What is the lowest price for a Cheap Two Bedroom Gateway Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Gateway is starting from $1,275 at Ash Street.

What is the most affordable Gateway Three Bedroom Apartment?

The best deal on a cheap Gateway Three Bedroom Apartment rental is at Cape Manor and starts from $1,650.

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

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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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.