Cheap Homes for Rent in the Northeast Portland Neighborhood of Portland, OR from $615 (33 Rentals)

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

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

Discover the true heart of Portland, Oregon, with this local expert's guide. Explore the city's unique history, from the coin toss that named it to its "Keep Portland Weird" culture, and get an insider look at its most notable neighborhoods and internationally recognized food scene.

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Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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property at 1520 N Bryant St

$1,495 - $1,945

1 To 2 Bedroom Rentals

Available Now

1520 N Bryant St

PortlandOR97217

Portland’s Best Affordable Neighborhoods

Learn about Portland and the best places to live with original content written by our Portland, OR Local Expert Chad Deitchley

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property at 1125 NW 9th Ave

$1,800 - $3,000

1 Bedroom Rentals

Available Now

1125 NW 9th Ave

PortlandOR97209
property at 4703 NE 22nd Ave

$2,075

Total Monthly Price

Total Monthly Price

Base Rent
$2,075
Total Monthly Price
$2,075

2 Bedroom, 1 Bath Townhome for Rent

Available Nov 1

4703 NE 22nd Ave

PortlandOR97211

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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Showing Results 1-33, Page 1 of 1

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. Margaret Carter Plaza has the second lowest priced unit, which is a Studio apartment currently listed from $800. 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
Margaret Carter PlazaStudio HUD UnitStudio,1BA$800
A. Philips SquareStudio HUD UnitStudio,1BA$860
M Carter CommonsStudioStudio,1BA$875
The YardsSecond Month FREE! — Studio Available Now!Studio,1BA$892
Pearl CourtStudio apartment available - No security deposi...Studio,1BA$892
Paramount ApartmentsStudioStudio,1BA$895
The Yards at Union StationStudio - Income RestrictedStudio,1BA$899
KOZ on SandyStudioStudio,1BA$900
Dawson Park ApartmentsSpacious Apartments in North Portland – Dawson ...1BR,1BA$925

Best Value Apartments for Rent in Northeast Portland, OR

As of August 26, 2026 the best value apartment in the Northeast Portland area is the $1.25 price per square foot Three Bedroom One Bathroom HUD Unit Model at L Roy Gardens in the in the Northeast Portland neighborhood starting from $1,178. The second greatest value Northeast Portland apartment is the 3826-B NE Grand Ave Model at 3826-B NE Grand Ave, Unit B starting at $1,590 with a $1.71 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.
L Roy GardensThree Bedroom One Bathroom HUD Unit3BR,1BA$1.25
3826-B NE Grand Ave, Unit B3826-B NE Grand Ave1BR,1BA$1.71
Edie CourtOne Bedroom1BR,1BA$1.69
qui25251BR/1.0BA1BR,1BA$1.69
Maya Angelou2 Bedroon 1 Bath2BR,1BA$1.48
King DishmanTwo Bathroom One Bathoom HUD Unit2BR,1BA$1.45
Sixpence1BR/1.0BA1BR,1BA$1.52
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

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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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Northeast Portland, Portland, OR

Ranked #15

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

Frequently Asked Questions about Northeast Portland

What type of rentals are currently available in Northeast Portland?

There are currently 820 Apartments for Rent in Northeast Portland, OR with pricing that ranges from $875 to $11,699. There are also 128 Single Family Homes for rent, Condos, and Townhome rentals currently available in Northeast Portland ranging from $615 to $5,000.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Northeast Portland ranges from $615 to $5,000 with an average monthly rent of $2,747.

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

For those who are looking for larger living arrangements, Three Bedroom Apartments in Northeast Portland range from $1,733 to $6,933, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,495 to $5,000. Four Bedroom Single-Family rentals are also available starting from $2,995 and Four Bedroom Apartments start at $6,410.

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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From Arts to Eats: A Local Insider's 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.

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.

decorative image for Local Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Portland article

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 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.

Articles, How-To's, and Tips

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.