Cheap Apartments for Rent in the Mississippi Neighborhood of Portland, OR from $500 (50 Rentals)

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

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Allen Fremont Plaza
1 to 2 Bedroom Apartments

Allen Fremont Plaza

221 NE Fremont StPortland, OR 97212
Senior Living
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Park Terrace
1 Bedroom Apartments

Park Terrace

315 N Alberta StPortland, OR 97217
  • Utilities Included
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Margaret Carter Plaza
1 Bedroom Apartments

Margaret Carter Plaza

517-519 NE Sacramento StPortland, OR 97212
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Maya Angelou
1 to 2 Bedroom Apartments

Maya Angelou

4061-4069 N Kerby AvePortland, OR 97227
  • Utilities Included

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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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Lucera
Studio to 1 Bedroom Apartments

Lucera

4626 N Maryland AvePortland, OR 97217
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Sippi
Studio Apartments

Sippi

3875-3885 N Mississippi AvePortland, OR 97227
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Kanjaya Building
Studio Apartments

Kanjaya Building

820 N Killingsworth StPortland, OR 97217
  • Utilities Included
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Couve
Studio Apartments

Couve

3724 N Vancouver AvePortland, OR 97227
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Aniva
Studio to 1 Bedroom Apartments

Aniva

5055 N Interstate AvePortland, OR 97217
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Vancouver Ave.
1 Bedroom Apartments

Vancouver Ave.

2404 N Vancouver AvePortland, OR 97227
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The Albert
1 Bedroom Apartments

The Albert

3632-3638 N Williams AvePortland, OR 97212
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Falcon Apartments
1 to 2 Bedroom Apartments

Falcon Apartments

5401-5425 N Albina AvePortland, OR 97217
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Trinidad Commons
Studio Apartments

Trinidad Commons

5712 N Interstate AvePortland, OR 97217
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Waterline
Studio to 2 Bedroom Apartments

Waterline

2080 NW Front AvePortland, OR 97209
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5536 N Maryland Ave
1 Bedroom Apartments

5536 N Maryland Ave

5536 N Maryland AvePortland, OR 97217
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Shaver Green
1 Bedroom Apartments

Shaver Green

375 NE Shaver StPortland, OR 97212
  • Utilities Included

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.

Mississippi, Portland, OR Local Guide

Cheapest Available Mississippi Apartments for Rent

 

The cheapest available apartment rental in the Mississippi area of Portland, OR is a 1 Bed unit found at Park Terrace priced from $729. Zeal Lofts has the second lowest priced unit, which is a Studio apartment currently listed from $795. Here are the most affordable Mississippi apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Park TerraceOne Bedroom One Bathroom Unit Income and rent r...1BR,1BA$729
Zeal LoftsStudio 1Studio,1BA$795
Margaret Carter PlazaOne Bathroom One Bedroom HUD Unit1BR,1BA$848
Maya Angelou2 Bedroon 1 Bath2BR,1BA$878
Dawson Park Apartments1 Bdrm1BR,1BA$960
SippiStudio-SmallStudio,1BA$999
Live Modern at Koz on InterstateOpen StudioStudio,1BA$1,025
Koz on KillingsworthStudioStudio,1BA$1,079
311 Graham0BR/1.0BAStudio,1BA$1,095
Nomad ApartmentsStudio CStudio,1BA$1,099

Best Value Apartments for Rent in Mississippi, OR

As of August 04, 2025 the best value apartment in the Mississippi 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 Mississippi apartment is the 2BR/2.0BA Model at Slogan Apartments starting at $2,250 with a $1.91 price per square foot in the Northeast Portland neighborhood. Here is today’s list of the best values for Mississippi apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
King's Crossing Townhomes2BR/2.5BA2BR,2.5BA$1.92
Slogan Apartments2BR/2.0BA2BR,2BA$1.91
3826-B NE Grand Ave, Unit B3826-B NE Grand Ave1BR,1BA$1.71
Bridgetown LoftsSteel1BR,1BA$2.22
Shaver Green1 Bed 1 Bath Unit Restricted at 60% MTSP1BR,1BA$2.17
Maya Angelou1 Bedroom 1 Bath1BR,1BA$1.49
Dawson Park Apartments1 Bdrm1BR,1BA$1.62
Margaret Carter PlazaOne Bathroom One Bedroom HUD Unit1BR,1BA$1.47
King Street Lofts0x1Studio ,1BA$2.11
Little King1x11BR,1BA$2.18

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
Mississippi, Portland, OR

Ranked #28

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of rentals in areas across the United States and customized analysis for Central Portland, OR. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including our Star Ratings to compare for proximity to parks, luxury amenities, features that make it easier to raise kids, raising pets, transit options, and how walkable or bikeable each community and area is. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Getting Around the Mississippi Neighborhood in Portland, OR

Walk Score®

96 / 100

Walker’s Paradise

Daily errands do not require a car

Bike Score®

99 / 100

Biker's Paradise

Daily errands can be accomplished on a bike

Transit Score®

54 / 100

Good Transit

Many nearby public transportation options

Frequently Asked Questions about Cheap Mississippi Apartments

What is a cheap apartment in Mississippi?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Mississippi is under $1,099.

What is the price of a cheap apartment in Mississippi?

The cheapest apartment in Mississippi is Park Terrace which is listed at $729, while the average apartment in Mississippi costs $4,250.

What types of apartments are the cheapest in Mississippi?

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 18 regular apartments in Mississippi 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 Mississippi?

Cheap apartments in Mississippi have an average cost of $848 which is $3,402 cheaper than the average rent for all rentals in Mississippi.

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

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