Cheap Apartments for Rent in the Mississippi Neighborhood of Portland, OR from $500 (54 Rentals)

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

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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Allen Fremont Plaza
1 to 2 Bedroom Apartments

Allen Fremont Plaza

221 NE Fremont StPortland, OR 97212
Senior Living
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4130 NE Garfield Ave
1 Bedroom Apartments

4130 NE Garfield Ave

4130 NE Garfield AvePortland, OR 97211
Corporate Housing
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Albina Plaza
Studio to 1 Bedroom Apartments

Albina Plaza

3955-3965 N Albina AvePortland, OR 97227
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Maya Angelou
1 to 4 Bedroom Apartments

Maya Angelou

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

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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Lucera
Studio to 1 Bedroom Apartments

Lucera

4626 N Maryland AvePortland, OR 97217
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Couve
Studio to 1 Bedroom Apartments

Couve

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

Sippi

3875-3885 N Mississippi AvePortland, OR 97227
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L Roy Gardens
1 to 3 Bedroom Apartments

L Roy Gardens

3940 N Haight 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 to 2 Bedroom Apartments

Vancouver Ave.

2404 N Vancouver AvePortland, OR 97227
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The Albert
Studio to 2 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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57 Alberta
Studio to 2 Bedroom Apartments

57 Alberta

5012 NE Cleveland AvePortland, OR 97211

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.

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Showing Results 1-50, Page 1 of 2

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 Albina Plaza priced from $856. The Village Coliving Community has the second lowest priced unit, which is a 1 Bed apartment currently listed from $875. Here are the most affordable Mississippi apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Albina Plaza0 Bedroom 1 BathStudio,1BA$856
The Village Coliving Community1BR/1.0BA1BR,1BA$875
The Outpost Coliving Community1BR/1.0BA1BR,1BA$875
Maya Angelou1 Bedroom 1 Bath1BR,1BA$885
Zeal LoftsStudio 1Studio,1BA$895
Koz on KillingsworthStudioStudio,1BA$950
Dawson Park Apartments1 Bdrm1BR,1BA$960
SippiStudio-SmallStudio,1BA$999
ShiftStudio B, 1 BathroomStudio,1BA$1,022
PacelineThe SpokeStudio,1BA$1,049

Best Value Apartments for Rent in Mississippi, OR

As of November 14, 2025 the best value apartment in the Mississippi area is the $2.12 price per square foot 3x2 Model at The Russell by Trion Living in the in the Northeast Portland neighborhood starting from $3,291. The second greatest value Mississippi apartment is the 2 Bed / 1 Bath Model at Skidmore Apartments starting at $1,895 with a $2.03 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 Living3x23BR,2BA$2.12
Skidmore Apartments2 Bed / 1 Bath2BR,1BA$2.03
Patton Square2 bed with yard2BR,1BA$2.16
L Roy GardensTwo Bedroom One Bathroom HUD Unit2BR,1BA$1.56
3233 NE 7th Ave, Unit 32333233 NE 7th Ave1BR,1BA$1.99
Martin2x12BR,1BA$2.14
Albina Plaza0 Bedroom 1 BathStudio ,1BA$1.43
Maya Angelou1 Bedroom 1 Bath1BR,1BA$1.49
Dawson Park Apartments1 Bdrm1BR,1BA$1.62
King Street Lofts0x1Studio ,1BA$1.93

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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Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

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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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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 #34

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

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 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 $1,049.

What is the price of a cheap apartment in Mississippi?

The cheapest apartment in Mississippi is The Village Coliving Community which is listed at $875, while the average apartment in Mississippi costs $13,608.

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 19 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 $170 which is $13,438 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

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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.