Cheap Homes for Rent in North Portland Neighborhood of Portland, OR from $500 (29 Rentals)

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

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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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

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The Art of the Rental Viewing: What to look for during a property tour

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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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 Dekum Court priced from $506. Park Terrace has the second lowest priced unit, which is a 1 Bed apartment currently listed from $729. Here are the most affordable North Portland apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Dekum CourtStudio NON-SUBSIDIZED1BR,1BA$506
Park TerraceOne Bedroom One Bathroom Unit Income and rent r...1BR,1BA$729
Zeal LoftsStudio 1Studio,1BA$795
Margaret Carter PlazaOne Bathroom One Bedroom HUD Unit1BR,1BA$848
Maya Angelou2 Bedroon 1 Bath2BR,1BA$878
Kenton CommonsStudioStudio,1BA$950
Dawson Park Apartments1 Bdrm1BR,1BA$960
Ivanhoe (1 & 2)StudioStudio,1BA$975
The BluffsStudioStudio,1BA$999
SippiStudio-SmallStudio,1BA$999

Best Value Apartments for Rent in North Portland, OR

As of July 30, 2025 the best value apartment in the North Portland area is the $1.62 price per square foot 3 Bedroom 2.5 Bathroom Townhome R Model at Creekside Village in the in the North Portland neighborhood starting from $2,350. The second greatest value North Portland apartment is the 4 Bedroom 3 Bath Model at Roosevelt Commons starting at $2,299 with a $1.65 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 Townhome R3BR,3BA$1.62
Roosevelt Commons4 Bedroom 3 Bath4BR,3BA$1.65
Bloc at 26th3BR/1.5BA3BR,1.5BA$1.66
555 N Simpson St, Unit UPSTAIRS555 N Simpson St2BR,1BA$1.51
Tall Firs Aparments2BR/1.5BA2BR,1.5BA$1.56
Grove West2BR/1.0BA2BR,1BA$1.53
Plum Meadows2x12BR,1BA$1.49
Dawson Park Apartments1 Bdrm1BR,1BA$1.62
Maya Angelou1 Bedroom 1 Bath1BR,1BA$1.49
Margaret Carter PlazaOne Bathroom One Bedroom HUD Unit1BR,1BA$1.47

Quick Rent Budget Calculator

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Frequently Asked Questions about North Portland

What type of rentals are currently available in North Portland?

There are currently 1145 Apartments for Rent in North Portland, OR with pricing that ranges from $506 to $7,471. There are also 136 Single Family Homes for rent, Condos, and Townhome rentals currently available in North Portland ranging from $580 to $7,850.

What is the current price range for Rental Homes in North Portland?

Today's rental pricing for Homes for Rent, Condos and Townhomes in North Portland ranges from $580 to $7,850 with an average monthly rent of $3,127.

How much are larger Three and Four Bedroom Rentals in North Portland?

For those who are looking for larger living arrangements, Three Bedroom Apartments in North Portland range from $1,562 to $5,641, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,899 to $4,650. Four Bedroom Single-Family rentals are also available starting from $2,995 and Four Bedroom Apartments start at $2,399.

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

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.