Cheap Homes for Rent in Laurelhurst Neighborhood of Portland, OR from $500 (20 Rentals)

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

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.

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.

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 2 Beds unit found at Center Village priced from $621. Society 62 has the second lowest priced unit, which is a 1 Bed apartment currently listed from $795. Here are the most affordable Laurelhurst apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Center Villageb2.12BR,1BA$621
Society 62Private Room w/Bath1BR,1BA$795
Margaret Carter PlazaStudio HUD UnitStudio,1BA$800
OrlostudioStudio,1BA$935
Tabor CommonsMicro Studio-AStudio,1BA$995

Best Value Apartments for Rent in Laurelhurst, OR

As of June 28, 2026 the best value apartment in the Laurelhurst area is the $1.65 price per square foot e1.1 Model at 5819 Glisan in the in the Southeast Portland neighborhood starting from $1,995. The second greatest value Laurelhurst apartment is the 405 NE 53rd Ave Model at 405 NE 53rd Ave, Unit 405 NE 53rd Ave, Portland, OR 97213 starting at $1,800 with a $1.57 price per square foot in the Southeast 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.
5819 Glisane1.1Studio ,1BA$1.65
405 NE 53rd Ave, Unit 405 NE 53rd Ave, Portland, OR 97213405 NE 53rd Ave2BR,1BA$1.57
Crown Point Apartments2 Beds, 1 Baths2BR,1BA$1.27
4642 SE Madison St, Unit 4642 SE Madison Basement4642 SE Madison St3BR,1BA$1.73
The Binford2x12BR,1BA$1.73
830-848 SE 42nd Ave1 Beds, 1 Baths1BR,1BA$1.76
Irvington Apartmentslxl1BR,1BA$1.71
The Ellington Apartments2x1 U2BR,1BA$1.45
King DishmanTwo Bathroom One Bathoom HUD Unit2BR,1BA$1.45
Margaret Carter PlazaOne Bathroom One Bedroom HUD Unit1BR,1BA$1.55

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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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.

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Pet Friendly Lifestyle
Laurelhurst, Portland, OR

Ranked #18

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Laurelhurst

What type of rentals are currently available in Laurelhurst?

There are currently 1278 Apartments for Rent in Laurelhurst, OR with pricing that ranges from $825 to $11,610. There are also 79 Single Family Homes for rent, Condos, and Townhome rentals currently available in Laurelhurst ranging from $590 to $6,500.

What is the current price range for Rental Homes in Laurelhurst?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Laurelhurst ranges from $590 to $6,500 with an average monthly rent of $3,073.

How much are larger Three and Four Bedroom Rentals in Laurelhurst?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Laurelhurst range from $1,900 to $7,813, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,295 to $6,500. Four Bedroom Single-Family rentals are also available starting from $2,500 and Four Bedroom Apartments start at $3,595.

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.

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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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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

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

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.