Cheap Apartments for Rent in the North Eliot Neighborhood of Portland, OR from $600 (34 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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The Century
Rent Specials
$1,430 - $1,999
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Total Monthly Price

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$1,430 - $1,999

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Studio to 2 Bedroom Apartments Available Now

The Century

3270 N Vancouver AvePortland, OR 97227
Furnished
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The Canyons
Rent Specials
$1,515 - $2,775
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$1,515 - $2,775

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Studio to 2 Bedroom Apartments Available Now

The Canyons

3450 N Williams AvePortland, OR 97227
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Revere
Rent Specials
$1,528 - $9,008
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Total Monthly Price

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$1,528 - $9,008

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Studio to 2 Bedroom Apartments Available Now

Revere

3309 N Mississippi AvePortland, OR 97227
Transit Friendly
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  • Customer Reviewed
  • 3D Tour

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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Margaret Carter Plaza
Studio to 2 Bedroom Apartments

Margaret Carter Plaza

517-519 NE Sacramento StPortland, OR 97212
  • Utilities Included
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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 Graham
Studio to 1 Bedroom Apartments

311 Graham

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

Vancouver Ave.

2404 N Vancouver AvePortland, OR 97227
  • Utilities Included

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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Joice Taylor
Studio to 3 Bedroom Apartments

Joice Taylor

30 NE Fremont StPortland, OR 97212
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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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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
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Lush Bank Lofts
Studio to 2 Bedroom Apartments

Lush Bank Lofts

843 N Knott StPortland, OR 97227

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.

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 $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 ListingModel NameBed/BathPriced From
Margaret Carter PlazaStudio HUD UnitStudio,1BA$763
Zeal LoftsStudio 2Studio,1BA$795
Dawson Park ApartmentsSpacious Apartments in North Portland – Dawson ...1BR,1BA$925
King DishmanTwo Bathroom One Bathoom HUD Unit2BR,1BA$1,015
311 Graham0BR/1.0BAStudio,1BA$1,095
Brio FlatsStudioStudio,1BA$1,095
Fargo1x1U- Premium 11BR,1BA$1,137
Vancouver Ave.1BR/1.0BA1BR,1BA$1,150
Monroe Street ApartmentsStudio CStudio,1BA$1,215
ArrisOpen studio- walk-in closet, W/D #418Studio,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 ListingModel NameBed/BathPrice Per Sq.Ft.
140 Sacramento Townhomes3 Bed 3.5 Bath E3BR,3.5BA$2.28
The CanyonsBridal Veil Creek1BR,1BA$2.84
King DishmanTwo Bathroom One Bathoom HUD Unit2BR,1BA$1.45
Martin2x12BR,1BA$2.31
Dawson Park ApartmentsSpacious Apartments in North Portland – Dawson ...1BR,1BA$1.56
Margaret Carter PlazaOne Bathroom One Bedroom HUD Unit1BR,1BA$1.47
The Russell by Trion Living0x1aStudio ,1BA$2.50
The CenturyOpen 1 Bed AStudio ,1BA$2.83
Shortstack MississippiOne Bedroom1BR,1BA$2.71
311 Graham0BR/1.0BAStudio ,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.

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

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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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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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 $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

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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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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.

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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.

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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.

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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.