Cheap Apartments for Rent in the Northwest Portland Neighborhood of Portland, OR from $500 (330 Rentals)

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

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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 Fountain Place Apartments priced from $737. Hamilton West has the second lowest priced unit, which is a Studio apartment currently listed from $757. Here are the most affordable Northwest Portland apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Fountain Place ApartmentsStudio - 60%Studio,1BA$737
Hamilton WestHamilton West: Your Urban Oasis in PortlandStudio,1BA$757
Emmons PlaceSTUDIOSStudio,1BA$799
Morrison Park ApartmentsStudio - 50%Studio,1BA$800
Stadium StationStudio BStudio,1BA$900
Washington Plaza Apartmentss4fl 255Studio,1BA$915
Gretchen Kafoury CommonsStudio 60%Studio,1BA$921
Edington CourtStudio AStudio,1BA$925
Chesterbury Apartments0x1Studio,1BA$950
Regency ApartmentsStudio AStudio,1BA$950

Best Value Apartments for Rent in Northwest Portland, OR

As of July 31, 2025 the best value apartment in the Northwest Portland area is the $1.56 price per square foot 3738 SW Patton Rd Model at 3738 SW Patton Rd, Unit 1 in the in the Southwest Portland neighborhood starting from $2,800. 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.
3738 SW Patton Rd, Unit 13738 SW Patton Rd3BR,1.5BA$1.56
Merlo StationThree-Bedroom3BR,2BA$1.61
Meadow Ridge Apartments2 Bedroom 1 Bath2BR,1BA$1.31
Gem Lane Village2x22BR,2BA$1.67
Blanton Commons Apartments in Beaverton, OR2 Bedroom2BR,2BA$1.64
Goose Hollow PlazaTwo Bedroom2BR,1BA$1.66
Country Oaks1 BEDROOM1BR,1BA$1.67
Midtown East0x1 100Studio ,1BA$1.41
Park Avenue Gardens1 Bed 1 Bath1BR,1BA$1.64
Pine Cone Apartments1bed1bath1BR,1BA$1.62

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Northwest Portland, Portland, OR

Ranked #3

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
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 a cheap apartment in Northwest Portland?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Northwest Portland is under $950.

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

The cheapest apartment in Northwest Portland is Goose Hollow Lofts which is listed at $1,027, while the average apartment in Northwest Portland costs $11,470.

What types of apartments are the cheapest in Northwest 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 72 regular apartments in Northwest 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 Northwest Portland?

Cheap apartments in Northwest Portland have an average cost of $106 which is $11,364 cheaper than the average rent for all rentals in Northwest 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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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.

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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.