
Cheap Apartments for Rent in the King Neighborhood of Portland, OR from $600 (18 Rentals)
Search the lowest-cost Apartments available for rent right now in the King area of Portland.


Alberta 14

King Street Lofts
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.

Miracles Club MLK
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.

4606-4732 NE Martin Luther King Jr. Blvd
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.
King, Portland, OR Local Guide

How much does it cost to rent an apartment in King?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
King Studio Apartments | $1,261 | $1,150 | $1,299 |
King 1 Bedroom Apartments | $1,556 | $1,225 | $2,295 |
King 2 Bedroom Apartments | $1,774 | $1,426 | $1,999 |
King 3 Bedroom Apartments | $2,295 | $2,295 | $2,295 |
Browse Apartments in this Neighborhood
There are currently 18 rentals with your search options within a 2 mile radius of the King Neighborhood of Portland, OR.
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King, Portland, OR Local Guide
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Cheapest Available King Apartments for Rent
 The cheapest available apartment rental in the King area of Portland, OR is a 1 Bed unit found at King Street Lofts priced from $1,225. Shaver Green has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,300. Here are the most affordable King apartments for rent in Portland, OR:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
King Street Lofts | 1x1 | 1BR,1BA | $1,225 |
Shaver Green | 1 Bed 1 Bath Unit Restricted at 60% MTSP | 1BR,1BA | $1,300 |
Forty One 11 | Unit L | 1BR,1BA | $1,599 |
Best Value Apartments for Rent in King, OR
As of July 13, 2025 the best value apartment in the King area is the $1.77 price per square foot 3826-B NE Grand Ave Model at 3826-B NE Grand Ave, Unit B in the in the Northeast Portland neighborhood starting from $1,650. The second greatest value King apartment is the 1 Bed 1 Bath Unit Restricted at 60% MTSP Model at Shaver Green starting at $1,300 with a $2.17 price per square foot in the Northeast Portland neighborhood. Here is today’s list of the best values for King apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
3826-B NE Grand Ave, Unit B | 3826-B NE Grand Ave | 1BR,1BA | $1.77 |
Shaver Green | 1 Bed 1 Bath Unit Restricted at 60% MTSP | 1BR,1BA | $2.17 |
Forty One 11 | Unit L | 1BR,1BA | $2.96 |
King Street Lofts | 1x1 | 1BR,1BA | $2.51 |
Quick Rent Budget Calculator
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.
Pet Friendly LifestyleKing, Portland, OR
Ranked #153
Among neighborhoods in Portland, OR for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Getting Around the King Neighborhood in Portland, OR
Walk Score®
93 / 100
Walker’s Paradise
Daily errands do not require a car
Bike Score®
100 / 100
Biker's Paradise
Daily errands can be accomplished on a bike
Transit Score®
50 / 100
Good Transit
Many nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap King Apartments
What is the price of a cheap apartment in King?
The cheapest apartment in King is King Street Lofts which is listed at $1,225, while the average apartment in King costs $2,295.
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.

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.

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.

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.

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.