Cheap Apartments for Rent in the Northeast Portland Neighborhood of Portland, OR from $500 (137 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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Mississippi Court
Rent Specials
$901 - $1,279
Total Monthly Price

Total Monthly Price

Base Rent
$656 - $1,034
Required Monthly Fees
$245
Total Monthly Price
$901 - $1,279
Studio Apartments Available Mar 7

Mississippi Court

2631 N Mississippi AvePortland, OR 97227
Affordability
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Koz on Sandy
$999 - $1,558
Total Monthly Price

Total Monthly Price

Base Rent
$824 - $1,383
Required Monthly Fees
$175
Total Monthly Price
$999 - $1,558
Studio to 1 Bedroom Apartments Available Feb 9

Koz on Sandy

2180 NE 47th AvePortland, OR 97213
Corporate Housing
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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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Sullivan's Ridge
$1,046 - $1,838
Total Monthly Price

Total Monthly Price

Base Rent
$1,046 - $1,838
Total Monthly Price
$1,046 - $1,838
Studio to 2 Bedroom Apartments Available Now

Sullivan's Ridge

1710 NE Multnomah StPortland, OR 97232
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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 Wilmore
$1,159 - $1,778
Total Monthly Price

Total Monthly Price

Base Rent
$1,159 - $1,778
Total Monthly Price
$1,159 - $1,778
Studio to 2 Bedroom Apartments Available Feb 26

The Wilmore

4312-4327 N Williams AvePortland, OR 97217
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Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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505 Dekum Apartments
$1,199 - $2,300
Total Monthly Price

Total Monthly Price

Base Rent
$902 - $2,003
Required Monthly Fees
$297
Total Monthly Price
$1,199 - $2,300
Studio to 2 Bedroom Apartments Available Now

505 Dekum Apartments

505-577 NE Dekum StPortland, OR 97211
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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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Prescott
Rent Specials
$1,275 - $2,675
Total Monthly Price

Total Monthly Price

Base Rent
$1,275 - $2,675
Total Monthly Price
$1,275 - $2,675
Studio to 2 Bedroom Apartments Available Now

Prescott

1450 N Prescott StPortland, OR 97217
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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 King Dishman priced from $875. The Outpost Coliving Community has the second lowest priced unit, which is a 1 Bed apartment currently listed from $875. Here are the most affordable Northeast Portland apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
King DishmanOne Bathroom One Bathoom HUD Unit1BR,1BA$875
The Outpost Coliving Community1BR/1.0BA1BR,1BA$875
Louisa Flowers apartmentsStudioStudio,1BA$899
Koz on KillingsworthStudioStudio,1BA$900
Dawson Park Apartments1 Bdrm1BR,1BA$925
T. Joyce PhillipsStudio NON-SUBSIDIZED1BR,1BA$941
Vancouver Ave.0BR/1.0BAStudio,1BA$945
Zeal LoftsStudio 3Studio,1BA$950
ShiftStudio B, 1 BathroomStudio,1BA$995
PacelineThe Spoke - Income RestrictedStudio,1BA$999

Best Value Apartments for Rent in Northeast Portland, OR

As of January 30, 2026 the best value apartment in the Northeast Portland area is the $1.71 price per square foot 4 bedroom apartment Model at Multnomah Heights in the in the Southeast Portland neighborhood starting from $2,899. The second greatest value Northeast Portland apartment is the 3 Bedroom 1 Bath Model at Villas de Mariposas starting at $1,267 with a $1.10 price per square foot in the Cully 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.
Multnomah Heights4 bedroom apartment4BR,2BA$1.71
Villas de Mariposas3 Bedroom 1 Bath3BR,1.5BA$1.10
Skidmore Apartments2 Bed / 1 Bath2BR,1BA$1.98
Irvington Apartmentslxl1BR,1BA$1.71
Laurelwood2 Bed 1 Bath2BR,1BA$1.41
1509 NE 10th Ave, Unit 3011509 NE 10th Ave1BR,1BA$1.82
Hollywood Towne House Apartments1bd1ba6fl 7441BR,1BA$1.95
Westcott PropertiesStudioStudio ,1BA$1.57
Dawson Park Apartments1 Bdrm1BR,1BA$1.56
King DishmanOne Bathroom One Bathoom HUD Unit1BR,1BA$1.54

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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Pet Friendly Lifestyle
Northeast Portland, Portland, OR

Ranked #14

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 a cheap apartment in Northeast Portland?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Northeast Portland is under $999.

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

The cheapest apartment in Northeast Portland is King Dishman which is listed at $875, while the average apartment in Northeast Portland costs $8,195.

What types of apartments are the cheapest in Northeast 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 52 regular apartments in Northeast 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 Northeast Portland?

Cheap apartments in Northeast Portland have an average cost of $137 which is $8,058 cheaper than the average rent for all rentals in Northeast 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

decorative image for A Portland Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent article

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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Local Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Portland

Written by: Chad Deitchley

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.

decorative image for The Portland Power Commute: Top Neighborhoods for Renters Near the City’s Major Job Hubs article

The Portland Power Commute: Top Neighborhoods for Renters Near the City’s Major Job Hubs

Written by: Chad Deitchley

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.

Articles, How-To's, and Tips

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.