Cheap Apartments for Rent in the Northwest Portland Neighborhood of Portland, OR from $500 (319 Rentals)

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

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 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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Portland’s Best Affordable Neighborhoods

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Northwest Portland, Portland, OR Local Guide

Cheapest Available Northwest Portland Apartments for Rent

 

The cheapest available apartment rental in the Northwest Portland area of Portland, OR is a Studio unit found at Emmons Place priced from $579. Fountain Place Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $737. Here are the most affordable Northwest Portland apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Emmons PlaceSTUDIOSStudio,1BA$579
Fountain Place ApartmentsStudio - 60%Studio,1BA$737
Gretchen KafouryGretchen Kafoury Commons—Your ideal oasis in th...Studio,1BA$757
Hamilton WestHamilton West: Your Urban Oasis in PortlandStudio,1BA$757
Morrison Park ApartmentsStudio - 50%Studio,1BA$800
Stadium StationStudio BStudio,1BA$900
Washington Plaza Apartmentss2fl 305Studio,1BA$915
The Benson Apartments0x1Studio,1BA$925
Edington CourtStudio AStudio,1BA$925
Regency ApartmentsStudio AStudio,1BA$950

Best Value Apartments for Rent in Northwest Portland, OR

As of June 29, 2025 the best value apartment in the Northwest Portland area is the $1.67 price per square foot Montpelier Model at Commons at Sylvan Highlands Apartments in the in the Northwest Portland neighborhood starting from $1,949. The second greatest value Northwest Portland apartment is the Three-Bedroom Model at Merlo Station starting at $1,831 with a $1.61 price per square foot in the Northwest Portland neighborhood. Here is today’s list of the best values for Northwest Portland apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Commons at Sylvan Highlands ApartmentsMontpelier2BR,2BA$1.67
Merlo StationThree-Bedroom3BR,2BA$1.61
Blanton Commons Apartments in Beaverton, OR2 Bed 2 Bath L2BR,2BA$1.67
Jasper Square by Trion Living2x22BR,2BA$1.61
Goose Hollow PlazaTwo Bedroom2BR,1BA$1.66
Country Oaks1 BEDROOM1BR,1BA$1.50
Midtown East1x1_r1001BR,1BA$1.35
Pine Cone Apartments1bed1bath1BR,1BA$1.62
Fountain Place ApartmentsStudio - 60%Studio ,1BA$1.69
Emmons PlaceSTUDIOSStudio ,1BA$1.38

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Northwest Portland, Portland, OR

Ranked #3

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
Northwest Portland, Portland, OR

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of rentals and neighborhoods across the USA, and customized analysis for Central Portland, OR. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including searching for the best amenities, and convenient access to the outdoors, multifamily communities for the kids, raising pets, transit options, and more. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Northwest Portland Apartments

What is the Cheapest Studio apartment in Northwest Portland?

Currently the most affordable Cheap Studio Apartment in Northwest Portland is at Emmons Place listed at $579.

How much is rent for a Cheap One Bedroom Northwest Portland Apartment?

The lowest price for a Cheap One Bedroom Northwest Portland Apartment is $1,045 at Midtown West Apartments.

What is the lowest price for a Cheap Two Bedroom Northwest Portland Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Northwest Portland is starting from $1,200 at Morrison Park Apartments.

What is the most affordable Northwest Portland Three Bedroom Apartment?

The best deal on a cheap Northwest Portland Three Bedroom Apartment rental is at Merlo Station and starts from $1,497.

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.