
Cheap Apartments for Rent in the North Eliot Neighborhood of Portland, OR from $600 (34 Rentals)
Search the lowest-cost Apartments available for rent right now in the North Eliot area of Portland.


Mississippi Court

Dawson Park Apartments

Brio Flats

Louie

2320 N Vancouver Ave

Fargo

Monroe Street Apartments
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.

Arris

The Russell by Trion Living

Martin

Total Monthly Price
The Century

Little King

Total Monthly Price
The Canyons

Total Monthly Price
Revere

443 NE GRAHAM ST, Unit B, Unit B
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.

46 NE Sacramento St

2520 NE Rodney Ave

Allen Fremont Plaza

Margaret Carter Plaza

A. Philips Square

King Dishman

311 Graham

Vancouver Ave.
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.

Joice Taylor

Z_Caritas Plaza

Shortstack Mississippi

Cook Street

Standard Dairy

Lush Bank Lofts

Kings Crossing Condominiums

506 NE Russell St
From Arts to Eats: A Local Insider's Guide to Living in Portland's Best Spots
Discover the true heart of Portland, Oregon, with this local expert's guide. Explore the city's unique history, from the coin toss that named it to its "Keep Portland Weird" culture, and get an insider look at its most notable neighborhoods and internationally recognized food scene.

337 N Ivy St

140 Sacramento Townhomes
North Eliot, Portland, OR Local Guide

How much does it cost to rent an apartment in North Eliot?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| North Eliot Studio Apartments | $1,149 | $795 | $1,653 |
| North Eliot 1 Bedroom Apartments | $1,725 | $925 | $2,538 |
| North Eliot 2 Bedroom Apartments | $2,239 | $1,400 | $3,560 |
Browse Apartments in this Neighborhood
There are currently 34 rentals with your search options within a 2 mile radius of the North Eliot Neighborhood of Portland, OR.
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North Eliot, Portland, OR Local Guide
- Nearby Portland neighborhoods
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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 $763. Zeal Lofts has the second lowest priced unit, which is a Studio apartment currently listed from $795. Here are the most affordable North Eliot apartments for rent in Portland, OR:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Margaret Carter Plaza | Studio HUD Unit | Studio,1BA | $763 |
| Zeal Lofts | Studio 2 | Studio,1BA | $795 |
| Dawson Park Apartments | Spacious Apartments in North Portland – Dawson ... | 1BR,1BA | $925 |
| King Dishman | Two Bathroom One Bathoom HUD Unit | 2BR,1BA | $1,015 |
| 311 Graham | 0BR/1.0BA | Studio,1BA | $1,095 |
| Brio Flats | Studio | Studio,1BA | $1,095 |
| Fargo | 1x1U- Premium 1 | 1BR,1BA | $1,137 |
| Vancouver Ave. | 1BR/1.0BA | 1BR,1BA | $1,150 |
| Monroe Street Apartments | Studio C | Studio,1BA | $1,215 |
| Arris | Open studio- walk-in closet, W/D #418 | Studio,1BA | $1,235 |
Best Value Apartments for Rent in North Eliot, OR
As of April 16, 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 Bridal Veil Creek Model at The Canyons starting at $2,538 with a $2.84 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 140 Sacramento Townhomes | 3 Bed 3.5 Bath E | 3BR,3.5BA | $2.28 |
| The Canyons | Bridal Veil Creek | 1BR,1BA | $2.84 |
| King Dishman | Two Bathroom One Bathoom HUD Unit | 2BR,1BA | $1.45 |
| Martin | 2x1 | 2BR,1BA | $2.31 |
| Dawson Park Apartments | Spacious Apartments in North Portland – Dawson ... | 1BR,1BA | $1.56 |
| Margaret Carter Plaza | One Bathroom One Bedroom HUD Unit | 1BR,1BA | $1.47 |
| The Russell by Trion Living | 0x1a | Studio ,1BA | $2.50 |
| The Century | Open 1 Bed A | Studio ,1BA | $2.83 |
| Shortstack Mississippi | One Bedroom | 1BR,1BA | $2.71 |
| 311 Graham | 0BR/1.0BA | Studio ,1BA | $2.63 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleThe 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!
Read ArticleDon'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.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
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Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
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Read ArticleA 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
Read ArticleQuick 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.
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 $763.
How much is rent for a Cheap One Bedroom North Eliot Apartment?
The lowest price for a Cheap One Bedroom North Eliot Apartment is $848 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

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.

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.

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.

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.