
Cheap Homes for Rent in North Eliot Neighborhood of Portland, OR from $2,200 (3 Rentals)
Search the lowest-cost Homes 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.

3220 N Michigan Ave
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.

337 N Ivy St
North Eliot, Portland, OR Local Guide

How much does it cost to rent a home in North Eliot?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| North Eliot 3 Bedroom Homes for Rent | $2,972 | $2,750 | $3,195 |
Browse Homes for Rent in this Neighborhood
There are currently 3 rentals with your search options within a 2 mile radius of the North Eliot Neighborhood of Portland, OR.
Explore Portland
Best Value Apartments for Rent in North Eliot, OR
As of June 12, 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 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 | Elwha River | 2BR,1BA | $2.41 |
| King Dishman | Two Bathroom One Bathoom HUD Unit | 2BR,1BA | $1.45 |
| Martin | 2x1 | 2BR,1BA | $2.31 |
| Dawson Park Apartment | Spacious Apartments in North Portland – Dawson ... | 1BR,1BA | $1.56 |
| Margaret Carter Plaza | One Bathroom One Bedroom HUD Unit | 1BR,1BA | $1.55 |
| Little King | 1x1.5x2 | 1BR,1.5BA | $2.50 |
| Unthank Plaza | 1x1 | 1BR,1BA | $2.43 |
| The Russell by Trion Living | 0x1a | Studio ,1BA | $2.34 |
| Brio Flats | 1BR/1.0BA | 1BR,1BA | $2.55 |
Frequently Asked Questions about North Eliot
What type of rentals are currently available in North Eliot?
There are currently 64 Apartments for Rent in North Eliot, OR with pricing that ranges from $901 to $3,484. There are also 5 Single Family Homes for rent, Condos, and Townhome rentals currently available in North Eliot ranging from $2,750 to $3,195.
What is the current price range for Rental Homes in North Eliot?
Today's rental pricing for Homes for Rent, Condos and Townhomes in North Eliot ranges from $2,750 to $3,195 with an average monthly rent of $2,972.
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

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.

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.

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.

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.