Cheap Apartments for Rent in the Northeast Portland Neighborhood of Portland, OR from $500 (115 Rentals)

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

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Northeast Portland, Portland, OR Local Guide

Cheapest Available Northeast Portland Apartments for Rent

 

The cheapest available apartment rental in the Northeast 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 Northeast 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
The Yards at Union StationSTUDIO BStudio,1BA$900
Dekum CourtStudio NON-SUBSIDIZED1BR,1BA$941
SippiStudio-SmallStudio,1BA$949
Kimberly Court1BR/1.0BA1BR,1BA$950
Dawson Park Apartments1 Bdrm1BR,1BA$960
330 Dekum ApartmentsStudio - Income Restricted - Click for DetailsStudio,1BA$995
Koz on SandyStudioStudio,1BA$1,025

Best Value Apartments for Rent in Northeast Portland, OR

As of September 07, 2025 the best value apartment in the Northeast Portland area is the $1.50 price per square foot 126 N Morgan St Model at 126 N Morgan St, Unit Morgan Street Unit in the in the Northeast Portland neighborhood starting from $2,100. The second greatest value Northeast Portland apartment is the 2BR/2.5BA Model at King's Crossing Townhomes starting at $2,395 with a $1.80 price per square foot in the Northeast Portland neighborhood. Here is today’s list of the best values for Northeast Portland apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
126 N Morgan St, Unit Morgan Street Unit126 N Morgan St3BR,1BA$1.50
King's Crossing Townhomes2BR/2.5BA2BR,2.5BA$1.80
MF 14 - N Humboldt2BR/1.0BA2BR,1BA$1.97
Hollywood Towne House Apartments1bd1ba5fl 7441BR,1BA$1.98
Hank Reardon Plaza1 Level Loft1BR,1BA$1.71
Maya Angelou1 Bedroom 1 Bath1BR,1BA$1.49
Dawson Park Apartments1 Bdrm1BR,1BA$1.62
Kimberly Court1BR/1.0BA1BR,1BA$1.69
Sullivan's RidgeS1 AffordableStudio ,1BA$1.93
The Yards at Union StationSTUDIO BStudio ,1BA$2.02

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Northeast Portland, Portland, OR

Ranked #16

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
Northeast Portland, Portland, OR

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of rentals in cities and towns across the United States and customized analysis for North Central Portland, OR. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including filtering automatically for the best outdoor access, luxury housing options, kid and pet-friendly communities, availability of transit options, walking, and biking. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Northeast Portland Apartments

What is the Cheapest Studio apartment in Northeast Portland?

Currently the most affordable Cheap Studio Apartment in Northeast Portland is at Zeal Lofts listed at $795.

How much is rent for a Cheap One Bedroom Northeast Portland Apartment?

The lowest price for a Cheap One Bedroom Northeast Portland Apartment is $729 at Park Terrace.

What is the lowest price for a Cheap Two Bedroom Northeast Portland Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Northeast Portland is starting from $1,097 at Maya Angelou.

What is the most affordable Northeast Portland Three Bedroom Apartment?

The best deal on a cheap Northeast Portland Three Bedroom Apartment rental is at Joice Taylor and starts from $1,825.

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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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.

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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.