Cheap Apartments for Rent in the North Eliot Neighborhood of Portland, OR from $600 (21 Rentals)

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

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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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Allen Fremont Plaza
1 to 2 Bedroom Apartments

Allen Fremont Plaza

221 NE Fremont StPortland, OR 97212
Senior Living
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Standard Dairy
1 Bedroom Apartments

Standard Dairy

2808 NE M L King BlvdPortland, OR 97212

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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Margaret Carter Plaza
1 Bedroom Apartments

Margaret Carter Plaza

620-628 NE Brazee StPortland, OR 97212
  • Utilities Included
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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 Zeal Lofts priced from $795. Margaret Carter Plaza has the second lowest priced unit, which is a 1 Bed apartment currently listed from $848. Here are the most affordable North Eliot apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Zeal LoftsStudio 2Studio,1BA$795
Margaret Carter PlazaOne Bathroom One Bedroom HUD Unit1BR,1BA$848
Monroe Street ApartmentsStudio AStudio,1BA$999
311 Graham0BR/1.0BAStudio,1BA$1,095
Brio FlatsStudioStudio,1BA$1,099

Best Value Apartments for Rent in North Eliot, OR

As of June 10, 2025 the best value apartment in the North Eliot area is the $2.15 price per square foot 3 Bed 3.5 Bath F Model at 140 Sacramento Townhomes in the in the Northeast Portland neighborhood starting from $3,650. The second greatest value North Eliot apartment is the Bridal Veil Creek Model at The Canyons starting at $2,295 with a $2.57 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 F3BR,3.5BA$2.15
The CanyonsBridal Veil Creek1BR,1BA$2.57
Revere1B1BR,1BA$2.75
Martin1x1.5x21BR,1.5BA$2.13
The Russell by Trion Living0x1eStudio ,1BA$2.68
Little King2x12BR,1BA$2.31
Dawson Park Apartments1 Bdrm1BR,1BA$2.21
Margaret Carter PlazaOne Bathroom One Bedroom HUD Unit1BR,1BA$1.47
The Century1 Bed C1BR,1BA$2.72
Brio FlatsStudioStudio ,1BA$2.71

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
North Eliot, Portland, OR

Ranked #55

Among neighborhoods in Portland, OR for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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.

Getting Around the North Eliot Neighborhood in Portland, OR

Walk Score®

89 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

98 / 100

Biker's Paradise

Daily errands can be accomplished on a bike

Transit Score®

60 / 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 North Eliot Apartments

What is a cheap apartment in North Eliot?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in North Eliot is under $1,329.

What is the price of a cheap apartment in North Eliot?

The cheapest apartment in North Eliot is Margaret Carter Plaza which is listed at $848, while the average apartment in North Eliot costs $4,250.

What types of apartments are the cheapest in North Eliot?

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 12 regular apartments in North Eliot 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 North Eliot?

Cheap apartments in North Eliot have an average cost of $322 which is $3,928 cheaper than the average rent for all rentals in North Eliot.

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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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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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

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If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.