Cheap Apartments for Rent in the Northeast Portland Neighborhood of Portland, OR from $500 (141 Rentals)

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

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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

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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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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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 Zeal Lofts priced from $795. Margaret Carter Plaza has the second lowest priced unit, which is a 1 Bed apartment currently listed from $848. Here are the most affordable Northeast Portland apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Zeal LoftsStudio 2Studio,1BA$795
Margaret Carter PlazaOne Bathroom One Bedroom HUD Unit1BR,1BA$848
Maya Angelou2 Bedroon 1 Bath2BR,1BA$878
Koz on KillingsworthStudioStudio,1BA$909
The Village Coliving Community1BR/1.0BA1BR,1BA$995
LuceraStudioStudio,1BA$995
Monroe Street ApartmentsStudio AStudio,1BA$999
L Roy GardensOne Bedroom One Bathroom HUD Unit1BR,1BA$1,026
Koz on SandyStudioStudio,1BA$1,045
Live Modern at Koz on InterstateOpen StudioStudio,1BA$1,050

Best Value Apartments for Rent in Northeast Portland, OR

As of June 16, 2025 the best value apartment in the Northeast Portland area is the $1.77 price per square foot Standard Model at Vancouver Townhouses in the in the Northeast Portland neighborhood starting from $2,695. The second greatest value Northeast Portland apartment is the 3826-B NE Grand Ave Model at 3826-B NE Grand Ave, Unit A starting at $1,700 with a $1.83 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.
Vancouver TownhousesStandard3BR,3.5BA$1.77
3826-B NE Grand Ave, Unit A3826-B NE Grand Ave1BR,1BA$1.83
Irvington Apartmentslxl1BR,1BA$1.71
Cully Park Apartments2BR/1.0BA2BR,1BA$1.54
Hank Reardon PlazaTownhouse Loft1BR,1BA$1.63
Maya Angelou1 Bedroom 1 Bath1BR,1BA$1.49
Margaret Carter PlazaOne Bathroom One Bedroom HUD Unit1BR,1BA$1.47
L Roy GardensOne Bedroom One Bathroom HUD Unit1BR,1BA$1.80
Kimberly Court1BR/1.0BA1BR,1BA$1.69
Weidler Commons1 BEDROOM1BR,1BA$1.92

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Pet Friendly Lifestyle
Northeast Portland, Portland, OR

Ranked #21

Among neighborhoods in Portland, OR 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 $1,050.

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 $848, while the average apartment in Northeast Portland costs $4,250.

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 59 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 $180 which is $4,070 cheaper than the average rent for all rentals in Northeast Portland.

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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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.

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

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.