Cheap Homes for Rent in North Eliot Neighborhood of Portland, OR from $2,200 (3 Rentals)

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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.

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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 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

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

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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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Articles, How-To's, and Tips

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Pet-Friendly Renting: Everything You Need to Know Before You Move

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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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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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