Cheap Apartments for Rent in the Northeast Portland Neighborhood of Portland, OR from $500 (202 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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Koz on Killingsworth
Rent Specials
$899 - $1,595
Total Monthly Price

Total Monthly Price

Base Rent
$899 - $1,595
Total Monthly Price
$899 - $1,595
Studio to 2 Bedroom Apartments Available Jul 1

Koz on Killingsworth

151 N Killingsworth StPortland, OR 97217
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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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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
Rent Specials
$1,046 - $2,536
Total Monthly Price

Total Monthly Price

Base Rent
$1,046 - $2,536
Total Monthly Price
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Studio to 2 Bedroom Apartments Available Now

Sullivan's Ridge

1710 NE Multnomah StPortland, OR 97232
Affordability
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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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Parallax
Rent Specials
$1,175 - $1,895
Total Monthly Price

Total Monthly Price

Base Rent
$1,175 - $1,895
Total Monthly Price
$1,175 - $1,895
Studio to 2 Bedroom Apartments Available Now

Parallax

4030 N Williams AvePortland, OR 97227
Student Housing
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Analog PDX
Rent Specials
$1,225 - $2,625
Total Monthly Price

Total Monthly Price

Base Rent
$1,225 - $2,625
Total Monthly Price
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Studio to 3 Bedroom Apartments Available Now

Analog PDX

1871 N Flint AvePortland, OR 97227
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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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Grant Park Village
Rent Specials
$1,249 - $5,068
Total Monthly Price

Total Monthly Price

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$1,249 - $5,068
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Studio to 3 Bedroom Apartments Available Now

Grant Park Village

1656 NE 32nd AvePortland, OR 97232
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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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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 Studio unit found at Margaret Carter Plaza priced from $800. A. Philips Square has the second lowest priced unit, which is a Studio apartment currently listed from $860. Here are the most affordable Northeast Portland apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Margaret Carter PlazaStudio HUD UnitStudio,1BA$800
A. Philips SquareStudio HUD UnitStudio,1BA$860
Pearl CourtStudio apartment available - No security deposi...Studio,1BA$892
The YardsSecond Month FREE! — Studio Available Now!Studio,1BA$892
Kimberly Court1BR/1.0BA1BR,1BA$895
The Yards at Union StationStudio - Income RestrictedStudio,1BA$899
The Village Coliving Community1BR/1.0BA1BR,1BA$900
Dawson Park ApartmentsSpacious Apartments in North Portland – Dawson ...1BR,1BA$925
T. Joyce PhillipsStudio NON-SUBSIDIZED1BR,1BA$941
Paramount ApartmentsStudioStudio,1BA$951

Best Value Apartments for Rent in Northeast Portland, OR

As of June 30, 2026 the best value apartment in the Northeast Portland area is the $1.86 price per square foot 7427 NE 6th Ave Model at 7427 NE 6th Ave in the in the Northeast Portland neighborhood starting from $2,050. The second greatest value Northeast Portland apartment is the lxl Model at Irvington Apartments starting at $1,450 with a $1.71 price per square foot in the Southeast 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.
7427 NE 6th Ave7427 NE 6th Ave2BR,1.5BA$1.86
Irvington Apartmentslxl1BR,1BA$1.71
Kiln1x11BR,1BA$1.90
Maya Angelou2 Bedroon 1 Bath2BR,1BA$1.48
King DishmanTwo Bathroom One Bathoom HUD Unit2BR,1BA$1.45
Westcott Properties2x12BR,1BA$1.92
A. Philips SquareStudio HUD UnitStudio ,1BA$1.43
Dawson Park ApartmentsSpacious Apartments in North Portland – Dawson ...1BR,1BA$1.56
Margaret Carter PlazaOne Bathroom One Bedroom HUD Unit1BR,1BA$1.55
Weidler Commons1 Bedroom1BR,1BA$1.88

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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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 $951.

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

The cheapest apartment in Northeast Portland is Margaret Carter Plaza which is listed at $889, while the average apartment in Northeast Portland costs $8,008.

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 66 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 $239 which is $7,769 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

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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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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.

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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.

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

Written by: Chad Deitchley

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.

Articles, How-To's, and Tips

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

Written by: Robin Stewart

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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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.