Cheap Apartments for Rent in the Northwest Portland Neighborhood of Portland, OR from $416 (413 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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Koz on 4th
Rent Specials
$849 - $1,325

Total Monthly Price

Base Rent$849 - $1,325
Total Monthly Price$849 - $1,325
Studio to 1 Bedroom Apartments Available Sep 30

Koz on 4th

2211 SW 4th AvePortland, OR 97201
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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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The Addy
Rent Specials
$970 - $2,507

Total Monthly Price

Base Rent$970 - $2,507
Total Monthly PriceVaries
Studio to 2 Bedroom Apartments Available Now

The Addy

1222 NW 18th AvePortland, OR 97209
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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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The Fredrick
$995 - $1,515

Total Monthly Price

Base Rent$995 - $1,515
Total Monthly Price$995 - $1,515
Studio to 2 Bedroom Apartments Available Now

The Fredrick

3010-3106 SW 10th AvePortland, OR 97239
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Park Plaza
$1,038 - $2,426

Total Monthly Price

Base Rent$1,038 - $2,426
Total Monthly PriceVaries
Studio to 2 Bedroom Apartments Available Now

Park Plaza

1969 SW Park AvePortland, OR 97201
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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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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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Fairmount Apartments
Rent Specials
$1,099 - $1,595

Total Monthly Price

Base Rent$1,099 - $1,595
Total Monthly Price$1,099 - $1,595
Studio Apartments Available Sep 25

Fairmount Apartments

1920 NW 26th AvePortland, OR 97210
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MERX Slabtown
Rent Specials
$1,134 - $1,624

Total Monthly Price

Base Rent$1,134 - $1,624
Total Monthly Price$1,134 - $1,624
Studio to 1 Bedroom Apartments Available Now

MERX Slabtown

1910 NW Pettygrove StPortland, OR 97209
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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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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 3 Beds unit found at Miraflores priced from $859. Fountain Place Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $860. Here are the most affordable Northwest Portland apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Miraflores3 bed 1 bath 50% HOME Low3BR, 1BA$859
Fountain Place ApartmentsStudio - 60%Studio, 1BA$860
M Carter CommonsStudio Unit Restricted at 60% with Pass ThroughStudio, 1BA$875
Morrison Park Apartments0BR/1.0BAStudio, 1BA$875
Hamilton WestHamilton West: Your Urban Oasis in PortlandStudio, 1BA$879
Pearl CourtStudio apartment available - No security deposi...Studio, 1BA$892
Alder HouseSROStudio, 1BA$897
Regency ApartmentsStudio AStudio, 1BA$900
PARK REGENT (PAR01)Studio (281sq ft #103)Studio, 1BA$900
Derby SlabtownStudioStudio, 1BA$940

Best Value Apartments for Rent in Northwest Portland, OR

As of September 21, 2026 the best value apartment in the Northwest Portland area is the $1.00 price per square foot 2169 NW Irving St Model at 2169 NW Irving St, Unit #10 in the Northwest Portland neighborhood starting from $2,500. The second greatest value Northwest Portland apartment is the 4BR/2.5BA Model at Grace Townhome in the Northwest Portland neighborhood starting at $2,350 with a $1.27 price per square foot. 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.
2169 NW Irving St, Unit #102169 NW Irving St2BR, 1BA$1.00
Grace Townhome4BR/2.5BA4BR, 2.5BA$1.27
Country Oaks3 BEDROOM3BR, 1.5BA$1.46
Miraflores3 bed 1 bath 50% HOME Low3BR, 1BA$0.70
Gallery Park ApartmentsTwo Bedroom2BR, 2BA$1.46
Chateau Hills2 Bedroom 1.5 Bath2BR, 1.5BA$1.45
Meadow Ridge Apartments2 Bedroom 1 Bath2BR, 1BA$1.40
The Patrician Apartments2 Bedroom2BR, 1BA$1.44
Midtown East0x1 100Studio, 1BA$1.33
Sunset View1/11BR, 1BA$1.34

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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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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

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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 $940.

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

The cheapest apartment in Northwest Portland is M Carter Commons which is listed at $911, while the average apartment in Northwest Portland costs $1,753.

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 107 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 $321 which is $1,432 cheaper than the average rent for all rentals in Northwest Portland.

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.

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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.

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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.

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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.

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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How Commercial-to-Residential Property Conversions Help the Housing Crisis

Written by: Robin Stewart

Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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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.