Cheap Homes for Rent in Northeast Portland Neighborhood of Portland, OR from $500 (22 Rentals)

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Search the lowest-cost Homes 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

Best Value Apartments for Rent in Northeast Portland, OR

As of September 05, 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
Miss1x1-Loft1BR,1BA$1.92
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

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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Frequently Asked Questions about Northeast Portland

What type of rentals are currently available in Northeast Portland?

There are currently 792 Apartments for Rent in Northeast Portland, OR with pricing that ranges from $795 to $6,610. There are also 116 Single Family Homes for rent, Condos, and Townhome rentals currently available in Northeast Portland ranging from $560 to $5,500.

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 $560 to $5,500 with an average monthly rent of $2,787.

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 $1,936 to $3,972, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,295 to $5,500. Four Bedroom Single-Family rentals are also available starting from $3,100 and Four Bedroom Apartments start at $3,495.

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.