Cheap Apartments for Rent in the North Portland Neighborhood of Portland, OR from $400 (306 Rentals)

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

property at 7928 N Seward Ave

$725

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$725
Total Monthly Price
$725

3 Bedroom, 1 Bath Home for Rent

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7928 N Seward Ave

PortlandOR97217
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Koz on Killingsworth
Rent Specials
$899 - $1,595
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$899 - $1,595
Total Monthly Price
$899 - $1,595
Studio to 2 Bedroom Apartments Available Now

Koz on Killingsworth

151 N Killingsworth StPortland, OR 97217
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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.

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Fairmount Apartments
Rent Specials
$1,019 - $1,395
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$1,019 - $1,395
Total Monthly Price
$1,019 - $1,395
Studio Apartments Available Aug 10

Fairmount Apartments

1920 NW 26th AvePortland, OR 97210
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Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Parallax
$1,175 - $1,825
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$1,175 - $1,825
Total Monthly Price
$1,175 - $1,825
Studio to 2 Bedroom Apartments Available Now

Parallax

4030 N Williams AvePortland, OR 97227
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Analog PDX
Rent Specials
$1,185 - $2,625
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$1,185 - $2,625
Total Monthly Price
$1,185 - $2,625
Studio to 3 Bedroom Apartments Available Now

Analog PDX

1871 N Flint AvePortland, OR 97227
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The Melrose Apartments
Rent Specials
$1,200 - $1,449
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$1,200 - $1,449
Total Monthly Price
$1,200 - $1,449
1 to 3 Bedroom Apartments Available Now

The Melrose Apartments

6734 N Fessenden StPortland, OR 97203
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Portland’s Best Affordable Neighborhoods

Learn about Portland and the best places to live with original content written by our Portland, OR Local Expert Chad Deitchley

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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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. Margaret Carter Plaza has the second lowest priced unit, which is a Studio apartment currently listed from $800. 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
Margaret Carter PlazaStudio HUD UnitStudio,1BA$800
A. Philips SquareStudio HUD UnitStudio,1BA$860
Dawson Park ApartmentsSpacious Apartments in North Portland – Dawson ...1BR,1BA$925
T. Joyce PhillipsStudio NON-SUBSIDIZED1BR,1BA$941
Kenton CommonsStudioStudio,1BA$950
Koz on KillingsworthStudioStudio,1BA$955
Hank Reardon Plaza1 Level LoftStudio,1BA$995
PacelineThe Spoke - Income RestrictedStudio,1BA$999
Koz on Interstate0BR/1.0BAStudio,1BA$1,000

Best Value Apartments for Rent in North Portland, OR

As of August 08, 2026 the best value apartment in the North Portland area is the $1.55 price per square foot 2 Bedroom 2.5 Bathroom Townhome R Model at Creekside Village in the in the North Portland neighborhood starting from $2,250. The second greatest value North Portland apartment is the 2 Bed 1 Bath A Model at Covington Court Apartments starting at $1,400 with a $1.56 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 Village2 Bedroom 2.5 Bathroom Townhome R2BR,3BA$1.55
Covington Court Apartments2 Bed 1 Bath A2BR,1BA$1.56
Ridgewood Court | Evergreen Terrace2 Beds, 1 Baths2BR,1BA$1.52
Norris Street Apartments2x12BR,1BA$1.56
Evergreen East Apartments1x11BR,1BA$1.51
Maya Angelou2 Bedroon 1 Bath2BR,1BA$1.48
King DishmanTwo Bathroom One Bathoom HUD Unit2BR,1BA$1.45
A. Philips SquareStudio HUD UnitStudio ,1BA$1.43
Margaret Carter PlazaOne Bathroom One Bedroom HUD Unit1BR,1BA$1.55
Park TerraceOne Bedroom One Bathroom Unit Income and rent r...1BR,1BA$1.35

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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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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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North Portland, Portland, OR

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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 $1,675.

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 61 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 $228 which is $1,447 cheaper than the average rent for all rentals in North Portland.

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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From Arts to Eats: A Local Insider's Guide to Living in Portland's Best Spots

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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.

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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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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.

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Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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