Cheap Apartments for Rent in the North Portland Neighborhood of Portland, OR from $500 (199 Rentals)

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

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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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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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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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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North Portland, Portland, OR Local Guide

Cheapest Available North Portland Apartments for Rent

 

The cheapest available apartment rental in the North Portland area of Portland, OR is a 1 Bed unit found at Park Terrace priced from $729. Zeal Lofts has the second lowest priced unit, which is a Studio apartment currently listed from $795. Here are the most affordable North Portland apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Park TerraceOne Bedroom One Bathroom Unit Income and rent r...1BR,1BA$729
Zeal LoftsStudio 1Studio,1BA$795
Maya Angelou1 Bedroom 1 Bath1BR,1BA$885
Dekum CourtStudio NON-SUBSIDIZED1BR,1BA$941
SippiStudio-SmallStudio,1BA$949
Kenton CommonsStudioStudio,1BA$950
Koz on KillingsworthStudioStudio,1BA$950
Dawson Park Apartments1 Bdrm1BR,1BA$960
The BluffsStudioStudio,1BA$999
Brio FlatsStudioStudio,1BA$1,000

Best Value Apartments for Rent in North Portland, OR

As of September 20, 2025 the best value apartment in the North Portland area is the $1.45 price per square foot 3 Bedroom 2.5 Bathroom Townhome Model at Creekside Village in the in the North Portland neighborhood starting from $2,100. The second greatest value North Portland apartment is the 3BR/1.5BA Model at Bloc at 26th starting at $2,049 with a $1.64 price per square foot in the North Portland neighborhood. Here is today’s list of the best values for North Portland apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Creekside Village3 Bedroom 2.5 Bathroom Townhome3BR,3BA$1.45
Bloc at 26th3BR/1.5BA3BR,1.5BA$1.64
Grove West2BR/1.0BA2BR,1BA$1.68
Plum Meadows2x12BR,1BA$1.49
Primrose Lane II Apartments2 Beds, 1 Baths2BR,1BA$1.68
Cedar Lane2 Bed 1 Bath FL-1B2BR,1BA$1.69
Villas at Bridge Creek2 Bedroom2BR,1BA$1.64
Cathedral Park2BR/1.0BA2BR,1BA$1.63
Dawson Park Apartments1 Bdrm1BR,1BA$1.62
Maya Angelou1 Bedroom 1 Bath1BR,1BA$1.49

Quick 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.

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Pet Friendly Lifestyle
North Portland, Portland, OR

Ranked #13

Among cities in Oregon for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
North Portland, Portland, OR

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of neighborhoods, cities, and rental properties across Oregon, including Portland. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including searching for the best amenities, and proximity to parks, features that make it easier to raise kids, raising pets, transit options, and more. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap North Portland Apartments

What is a cheap apartment in North Portland?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in North Portland is under $1,000.

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

The cheapest apartment in North Portland is Park Terrace which is listed at $729, while the average apartment in North Portland costs $4,250.

What types of apartments are the cheapest in North Portland?

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 21 regular apartments in North Portland 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 Portland?

Cheap apartments in North Portland have an average cost of $204 which is $4,046 cheaper than the average rent for all rentals in North Portland.

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

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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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.