Cheap Apartments for Rent in the Laurelhurst Neighborhood of Portland, OR from $500 (136 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Laurelhurst 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

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Rent Specials
$1,299 - $2,175Studio to 2 Bedroom Apartments Available Now

Union

304 NE Multnomah StPortland, OR 97232
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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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Laurelhurst, Portland, OR Local Guide

Cheapest Available Laurelhurst Apartments for Rent

 

The cheapest available apartment rental in the Laurelhurst area of Portland, OR is a Studio unit found at St. Francis Park priced from $536. Alder 9 has the second lowest priced unit, which is a Studio apartment currently listed from $626. Here are the most affordable Laurelhurst apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
St. Francis ParkStudioStudio,1BA$536
Alder 9Studio 30%Studio,1BA$626
Society 62Private Room w/Bath1BR,1BA$700
Margaret Carter PlazaOne Bathroom One Bedroom HUD Unit1BR,1BA$848
OrlostudioStudio,1BA$935
Koz on 13thStudioStudio,1BA$942
Melcliff Apartments0BR/1.0BAStudio,1BA$950
CommonsThe Maple1BR,1BA$999
Koz on SandyStudioStudio,1BA$1,025
Burnie (1 & 2)0BR/1.0BAStudio,1BA$1,049

Best Value Apartments for Rent in Laurelhurst, OR

As of July 24, 2025 the best value apartment in the Laurelhurst area is the $1.92 price per square foot 2BR/2.5BA Model at King's Crossing Townhomes in the in the Northeast Portland neighborhood starting from $2,550. The second greatest value Laurelhurst apartment is the 3826-B NE Grand Ave Model at 3826-B NE Grand Ave, Unit B starting at $1,590 with a $1.71 price per square foot in the Northeast Portland neighborhood. Here is today’s list of the best values for Laurelhurst apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
King's Crossing Townhomes2BR/2.5BA2BR,2.5BA$1.92
3826-B NE Grand Ave, Unit B3826-B NE Grand Ave1BR,1BA$1.71
5029 SE Taylor St, Unit Basement5029 SE Taylor St1BR,1BA$1.78
Burnside East2 BR 1 BATH C2BR,1BA$1.88
CommonsThe Cedar2BR,1BA$1.97
Wellesley Court Apartments1BR/1.0BA1BR,1BA$1.86
27th East Apartments553 SE 27th Ave1BR,1BA$1.98
Martin1x1.5x21BR,1.5BA$1.97
Margaret Carter PlazaOne Bathroom One Bedroom HUD Unit1BR,1BA$1.47
St. Francis ParkStudioStudio ,1BA$1.34

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Laurelhurst, Portland, OR

Ranked #21

Among cities in Oregon for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Laurelhurst, Portland, OR

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you Lifestyle Ratings of rentals in cities across the United States, including Portland. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including searching for the best amenities, and the best outdoor access, apartment communities for the kids, raising pets, transit options, walking, and biking. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Getting Around the Laurelhurst Neighborhood in Portland, OR

Walk Score®

91 / 100

Walker’s Paradise

Daily errands do not require a car

Bike Score®

95 / 100

Biker's Paradise

Daily errands can be accomplished on a bike

Transit Score®

73 / 100

Excellent Transit

Transit is convenient for most trips

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 Laurelhurst Apartments

What is a cheap apartment in Laurelhurst?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Laurelhurst is under $1,049.

What is the price of a cheap apartment in Laurelhurst?

The cheapest apartment in Laurelhurst is St. Francis Park which is listed at $554, while the average apartment in Laurelhurst costs $5,500.

What types of apartments are the cheapest in Laurelhurst?

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 59 regular apartments in Laurelhurst 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 Laurelhurst?

Cheap apartments in Laurelhurst have an average cost of $124 which is $5,376 cheaper than the average rent for all rentals in Laurelhurst.

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.