Cheap Apartments for Rent in the North Eliot Neighborhood of Portland, OR from $600 (32 Rentals)

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Search the lowest-cost Apartments available for rent right now in the North Eliot 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.

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Revere
Rent Specials
$1,422 - $9,530
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$1,422 - $9,530

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Studio to 2 Bedroom Apartments Available Now

Revere

3309 N Mississippi AvePortland, OR 97227
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The Century
Rent Specials
$1,430 - $2,351
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$1,430 - $2,351

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1 to 2 Bedroom Apartments Available Now

The Century

3270 N Vancouver AvePortland, OR 97227
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The Canyons
Rent Specials
$1,675 - $2,375
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$1,675 - $2,375

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Studio to 2 Bedroom Apartments Available Now

The Canyons

3450 N Williams AvePortland, OR 97227
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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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Margaret Carter Plaza
Studio to 2 Bedroom Apartments

Margaret Carter Plaza

517-519 NE Sacramento StPortland, OR 97212
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Zeal Lofts
Studio to 1 Bedroom Apartments

Zeal Lofts

3155 N Williams AvePortland, OR 97227
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A. Philips Square
Studio to 1 Bedroom Apartments

A. Philips Square

614 NE Sacramento StPortland, OR 97212
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King Dishman
1 to 3 Bedroom Apartments

King Dishman

101 NE Knott StPortland, OR 97212
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311
Studio to 1 Bedroom Apartments

311

311 NE Graham StPortland, OR 97212
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2404 N Vancouver Ave
Studio to 2 Bedroom Apartments

2404 N Vancouver Ave

2404 N Vancouver AvePortland, OR 97227
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Fargo
Studio to 2 Bedroom Apartments

Fargo

25 N Fargo StPortland, OR 97227
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Joice Taylor
Studio to 3 Bedroom Apartments

Joice Taylor

30 NE Fremont StPortland, OR 97212

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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Z_Caritas Plaza
Studio to 2 Bedroom Apartments

Z_Caritas Plaza

2830 N Williams AvePortland, OR 97227
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Unthank Plaza
1 Bedroom Apartments

Unthank Plaza

2500 N Williams AvePortland, OR 97227
Senior Living
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Cook Street
Studio to 2 Bedroom Apartments

Cook Street

107 N Cook StPortland, OR 97227
Corporate Housing
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Standard Dairy
1 to 3 Bedroom Apartments

Standard Dairy

2808 NE M L King BlvdPortland, OR 97212

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.

North Eliot, Portland, OR Local Guide

Cheapest Available North Eliot Apartments for Rent

 

The cheapest available apartment rental in the North Eliot area of Portland, OR is a Studio unit found at Margaret Carter Plaza priced from $800. Dawson Park Apartment has the second lowest priced unit, which is a 1 Bed apartment currently listed from $925. Here are the most affordable North Eliot apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Margaret Carter PlazaStudio HUD UnitStudio,1BA$800
Dawson Park ApartmentSpacious Apartments in North Portland – Dawson ...1BR,1BA$925
King DishmanTwo Bathroom One Bathoom HUD Unit2BR,1BA$1,015
Mississippi CourtStudio 1Studio,1BA$1,025
3110BR/1.0BAStudio,1BA$1,095
2404 N Vancouver Ave1BR/1.0BA1BR,1BA$1,125
Brio Flats1BR/1.0BA1BR,1BA$1,195
Joice TaylorStudioStudio,1BA$1,244
The Russell by Trion Living0x1aStudio,1BA$1,251
Shortstack MississippiOne Bedroom1BR,1BA$1,291

Best Value Apartments for Rent in North Eliot, OR

As of June 11, 2026 the best value apartment in the North Eliot area is the $2.28 price per square foot 3 Bed 3.5 Bath E Model at 140 Sacramento Townhomes in the in the Northeast Portland neighborhood starting from $3,850. The second greatest value North Eliot apartment is the Elwha River Model at The Canyons starting at $2,375 with a $2.41 price per square foot in the Northeast Portland neighborhood. Here is today’s list of the best values for North Eliot apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
140 Sacramento Townhomes3 Bed 3.5 Bath E3BR,3.5BA$2.28
The CanyonsElwha River2BR,1BA$2.41
King DishmanTwo Bathroom One Bathoom HUD Unit2BR,1BA$1.45
Martin2x12BR,1BA$2.31
Dawson Park ApartmentSpacious Apartments in North Portland – Dawson ...1BR,1BA$1.56
Margaret Carter PlazaOne Bathroom One Bedroom HUD Unit1BR,1BA$1.55
Little King1x1.5x21BR,1.5BA$2.50
Unthank Plaza1x11BR,1BA$2.43
The Russell by Trion Living0x1aStudio ,1BA$2.34
Brio Flats1BR/1.0BA1BR,1BA$2.55

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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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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Lifestyle Ratings

This website works hard to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals in cities across the United States and customized analysis for Central Portland. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including our Star Ratings to compare for outdoor amenities like tennis courts, luxury amenities, pet-friendly features, family-friendliness, proximity to transit, in addition to floorplans, availablity, and pricing. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap North Eliot Apartments

What is the Cheapest Studio apartment in North Eliot?

Currently the most affordable Cheap Studio Apartment in North Eliot is at Margaret Carter Plaza listed at $800.

How much is rent for a Cheap One Bedroom North Eliot Apartment?

The lowest price for a Cheap One Bedroom North Eliot Apartment is $889 at Margaret Carter Plaza.

What is the lowest price for a Cheap Two Bedroom North Eliot Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in North Eliot is starting from $1,015 at King Dishman.

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.

decorative image for The Portland Power Commute: Top Neighborhoods for Renters Near the City’s Major Job Hubs article

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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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.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.