Cheap Apartments for Rent in the Mississippi Neighborhood of Portland, OR from $500 (119 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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Koz on Killingsworth
$899 - $1,595
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$899 - $1,595
Total Monthly Price
$899 - $1,595
Studio to 2 Bedroom Apartments Available Now

Koz on Killingsworth

151 N Killingsworth StPortland, OR 97217
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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.

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Parallax
Rent Specials
$1,175 - $1,895
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$1,175 - $1,895
Total Monthly Price
$1,175 - $1,895
Studio to 2 Bedroom Apartments Available Now

Parallax

4030 N Williams AvePortland, OR 97227
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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.

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Analog PDX
Rent Specials
$1,225 - $2,625
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$1,225 - $2,625
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Studio to 3 Bedroom Apartments Available Now

Analog PDX

1871 N Flint AvePortland, OR 97227
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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.

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Solace
Rent Specials
$1,365 - $3,194
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$1,365 - $3,194
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Studio to 2 Bedroom Apartments Available Now

Solace

3956 N Vancouver AvePortland, OR 97227
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Prescott
Rent Specials
$1,379 - $2,650
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$1,379 - $2,650
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Studio to 2 Bedroom Apartments Available Now

Prescott

1450 N Prescott StPortland, OR 97217
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Revere
Rent Specials
$1,381 - $5,068
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$1,381 - $5,068
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Studio to 2 Bedroom Apartments Available Now

Revere

3309 N Mississippi AvePortland, OR 97227
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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 Century
Rent Specials
$1,415 - $2,356
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$1,415 - $2,356
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1 to 2 Bedroom Apartments Available Now

The Century

3270 N Vancouver AvePortland, OR 97227
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The Wilmore
$1,451 - $1,498
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$1,451 - $1,498
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Studio to 2 Bedroom Apartments Available Now

The Wilmore

4312-4327 N Williams AvePortland, OR 97217
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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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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 Studio unit found at Margaret Carter Plaza priced from $800. A. Philips Square has the second lowest priced unit, which is a Studio apartment currently listed from $860. Here are the most affordable Mississippi apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Margaret Carter PlazaStudio HUD UnitStudio,1BA$800
A. Philips SquareStudio HUD UnitStudio,1BA$860
The Village Coliving Community1BR/1.0BA1BR,1BA$900
Dawson Park ApartmentsSpacious Apartments in North Portland – Dawson ...1BR,1BA$925
PacelineThe Spoke - Income RestrictedStudio,1BA$999
ShiftStudio B, 1 BathroomStudio,1BA$999
Koz on KillingsworthStudioStudio,1BA$1,000
King DishmanTwo Bathroom One Bathoom HUD Unit2BR,1BA$1,015
SippiStudio-SmallStudio,1BA$1,049
Mississippi CourtStudio 1Studio,1BA$1,074

Best Value Apartments for Rent in Mississippi, OR

As of July 09, 2026 the best value apartment in the Mississippi area is the $1.65 price per square foot 2x2g Model at The Russell by Trion Living in the in the Northeast Portland neighborhood starting from $1,959. The second greatest value Mississippi apartment is the 2x2 A Model at Nomad Apartments starting at $1,749 with a $2.18 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.
The Russell by Trion Living2x2g2BR,2BA$1.65
Nomad Apartments2x2 A2BR,2BA$2.18
Louie2X1.5X22BR,1.5BA$2.13
Kiln1x11BR,1BA$1.90
Maya Angelou2 Bedroon 1 Bath2BR,1BA$1.48
King DishmanTwo Bathroom One Bathoom HUD Unit2BR,1BA$1.45
Shaver Green1 Bed 1 Bath Unit Restricted at 60% MTSP1BR,1BA$2.05
A. Philips SquareStudio HUD UnitStudio ,1BA$1.43
Dawson Park ApartmentsSpacious Apartments in North Portland – Dawson ...1BR,1BA$1.56
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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Pet Friendly Lifestyle
Mississippi, Portland, OR

Ranked #35

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!

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 $1,074.

What is the price of a cheap apartment in Mississippi?

The cheapest apartment in Mississippi is Margaret Carter Plaza which is listed at $889, while the average apartment in Mississippi costs $11,286.

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 5 regular apartments in Mississippi that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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 Insider's 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.

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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.