
Cheap Homes for Rent in Portland, OR from $500 (195 Rentals) Page 2 of 4
Search the lowest-cost Homes available for rent right now in Portland.


8924-8934 SE Ellis St, Unit 8932

282 NE 4th St

16964 SE Stark St

5404 NE 54th Ave

0225 S Hamilton St

4748 SW Murray Blvd

421 N Hayden Bay Dr

7420 NE Hazel Dell Ave

2154 NW Everett St
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.

6155 N Minnesota Ave, Unit 103

6213-6217 SE Fern Ave, Unit 6213

11102-11130 SW 62nd Ave, Unit 11106

1611 N Rosa Parks Way, Unit 303

17223 SE Woodward Ct

8323 SE 62nd Ave

1005 SW Park Ave, Unit #204, Unit #204

8417 SW 24th Ave, Unit 315

1430 NW Pettygrove St, Unit E411

1430 NW Pettygrove St, Unit E414
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.

1430 NW Pettygrove St, Unit E313

4620 N Maryland Ave, Unit B102

3507 SW 11th Ave, Unit 3

3712 S Kelly Ave

5571 NE Killingsworth St

11240 SW Barbur Blvd, Unit 27

8000 NE Hwy 99, Unit 123

8000 NE Hwy 99, Unit Unit 129

1940 SE 80th Ave

1430 NW Pettygrove St, Unit C313
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

1430 NW Pettygrove St, Unit E202

1430 NW Pettygrove St, Unit E302

1430 NW Pettygrove St, Unit C306

1430 NW Pettygrove St, Unit C406

1 NE Park Ln

5552 SW Beaverton Hillsdale Hwy

3405 NE 80th Ave, Unit NEPortland/Roseway, Unit NEPortland/Roseway

5554 SW Beaverton Hillsdale Hwy

200 SW Florence Ave, Unit G11, Unit G11

1430 NW Pettygrove St, Unit E308

8417 SW 24th Ave, Unit 207

2919 SE Division St, Unit 102

2619 SE 125th Ave

3412 NE 66th Ave

4314 Southwest View Point Ter

4507 SE 67th Ave

12576 SE 27th Ave

5005 SW Mitchell St

3805 Lincoln Ave

9118 SE Flavel St
Portland, OR Local Guide

How much does it cost to rent a home in Portland?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Portland 2 Bedroom Homes for Rent | $2,170 | $765 | $5,900 |
| Portland 3 Bedroom Homes for Rent | $2,820 | $870 | $6,750 |
| Portland 4 Bedroom Homes for Rent | $3,304 | $2,250 | $8,500 |
| Portland 5 Bedroom Homes for Rent | $3,767 | $800 | $6,800 |
| Portland 6 Bedroom Homes for Rent | $4,678 | $3,295 | $6,750 |
| Portland 7 Bedroom Homes for Rent | $5,000 | $5,000 | $5,000 |
Browse Top Homes for Rent in Portland
Explore Portland
Frequently Asked Questions about Portland
What type of rentals are currently available in Portland?
There are currently 6455 Apartments for Rent in Portland, OR with pricing that ranges from $470 to $18,302. There are also 917 Single Family Homes for rent, Condos, and Townhome rentals currently available in Portland ranging from $550 to $8,500.
What is the current price range for Rental Homes in Portland?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Portland ranges from $550 to $8,500 with an average monthly rent of $3,135.
How much are larger Three and Four Bedroom Rentals in Portland?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Portland range from $842 to $10,503, while Three Bedroom Homes, Condos, and Townhomes for rent range from $870 to $6,750. Four Bedroom Single-Family rentals are also available starting from $2,250 and Four Bedroom Apartments start at $1,902.
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

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.

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.

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.

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

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.

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.

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.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.