Cheap Apartments for Rent in the Gateway Neighborhood of Portland, OR from $526 (126 Rentals)

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

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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Parkwood Apartments
$1,285 - $1,450

Total Monthly Price

Base Rent$1,285 - $1,450
Total Monthly Price$1,285 - $1,450
1 to 2 Bedroom Apartments Available Now

Parkwood Apartments

11359 NE Halsey StPortland, OR 97220
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Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Portland’s Best Affordable Neighborhoods

Learn about Portland and the best places to live with original content written by our Portland, OR Local Expert Chad Deitchley

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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
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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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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Eastgate Station
1 to 4 Bedroom Apartments

Eastgate Station

100 NE 120th AvePortland, OR 97220
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Hazel Heights
1 to 2 Bedroom Apartments

Hazel Heights

12621 SE Stark StPortland, OR 97233
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Edgemont Apartments
Studio to 2 Bedroom Apartments

Edgemont Apartments

11181-11211 NE Weidler StPortland, OR 97220
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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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The Rose
Studio to 2 Bedroom Apartments

The Rose

318 NE 97th AvePortland, OR 97220

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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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 Wy'East Plaza priced from $572. Buri Building has the second lowest priced unit, which is a Studio apartment currently listed from $799. Here are the most affordable Gateway apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Wy'East PlazaStudioStudio, 1BA$572
Buri BuildingStudio SIMStudio, 1BA$799
SM Multnomah Manor1X1- 50% HUD1BR, 1BA$822
TimberView ApartmentsStudioStudio, 1BA$899
Ascot Firs1BR/1.0BA1BR, 1BA$995
Edgemont ApartmentsStudioStudio, 1BA$995
The RoseStudio 60%Studio, 1BA$1,025
Pine Point Apartments1x11BR, 1BA$1,027
Glendoveer Woods ApartmentsSpacious Studio NO Washer & DryerStudio, 1BA$1,032
Crescent Court1x11BR, 1BA$1,150

Best Value Apartments for Rent in Gateway, OR

As of September 23, 2026 the best value apartment in the Gateway area is the $1.51 price per square foot 3BR/2.0BA Model at 120 SE 143rd Ave in the East Portland neighborhood starting from $1,810. The second greatest value Gateway apartment is the 3BR/2.0BA Model at Carolyn Gardens in the East Portland neighborhood starting at $1,723 with a $1.45 price per square foot. 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.
120 SE 143rd Ave3BR/2.0BA3BR, 2BA$1.51
Carolyn Gardens3BR/2.0BA3BR, 2BA$1.45
eastburn2BR/1.0BA2BR, 1BA$1.22
Country Square2BR/1.0BA2BR, 1BA$1.41
Cherry Park Apartments2 x 2.0 - 9202BR, 2BA$1.52
Shannon2BR/1.0BA2BR, 1BA$1.54
Rochelle Apartments2 Bedroom, 1 Bath2BR, 1BA$1.51
Greenview Village2BR/1.0BA2BR, 1BA$1.48
SM Multnomah Manor1X1- 50% HUD1BR, 1BA$1.03
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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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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Best Local Schools in
Gateway, Portland, OR

School data provided by Great Schools

Frequently Asked Questions about Cheap Gateway Apartments

What is a cheap apartment in Gateway?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Gateway is under $1,150.

What is the price of a cheap apartment in Gateway?

The cheapest apartment in Gateway is SM Multnomah Manor which is listed at $822, while the average apartment in Gateway costs $1,246.

What types of apartments are the cheapest in Gateway?

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 115 regular apartments in Gateway 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 Gateway?

Cheap apartments in Gateway have an average cost of $567 which is $679 cheaper than the average rent for all rentals in Gateway.

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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From Arts to Eats: A Local Insider's 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.

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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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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.

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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.

Articles, How-To's, and Tips

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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How Commercial-to-Residential Property Conversions Help the Housing Crisis

Written by: Robin Stewart

Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.