Cheap Apartments for Rent in the Northwest Portland Neighborhood of Portland, OR from $500 (414 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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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The Art of the Rental Viewing: What to look for during a property tour

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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 Gretchen Kafoury Commons priced from $702. 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
Gretchen Kafoury CommonsStudio PBV 60%Studio,1BA$702
Hamilton WestHamilton West: Your Urban Oasis in PortlandStudio,1BA$757
Emmons PlaceSTUDIOSStudio,1BA$799
Brown Apartments0BR/1.0BAStudio,1BA$895
Hidwell Apartments1BR/1.0BA1BR,1BA$895
The ZenoStudioStudio,1BA$900
Fountain Place ApartmentsStudio - 60%Studio,1BA$900
Edington CourtStudio AStudio,1BA$900
Washington Plaza Apartmentss4fl 255Studio,1BA$915
Koz on 4thStudioStudio,1BA$943

Best Value Apartments for Rent in Northwest Portland, OR

As of September 15, 2025 the best value apartment in the Northwest Portland area is the $1.61 price per square foot Three-Bedroom Model at Merlo Station in the in the Northwest Portland neighborhood starting from $1,831. The second greatest value Northwest Portland apartment is the 2 BEDROOM Model at Country Oaks starting at $1,777 with a $1.62 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.
Merlo StationThree-Bedroom3BR,2BA$1.61
Country Oaks2 BEDROOM2BR,1BA$1.62
Blanton Commons Apartments in Beaverton, OR2 Bedroom2BR,2BA$1.66
Heritage 242 BR 1 Bath2BR,1BA$1.55
Sunset Station Apartments2 bedroom, 1bath2BR,1BA$1.62
Portland Terrace2 bedroom 1 bath2BR,1BA$1.62
Elmonica Court2 Bedroom 1.3 Bath2BR,1.3BA$1.60
Gem Lane Village1x11BR,1BA$1.65
Cathedral Park2BR/1.0BA2BR,1BA$1.65
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 the Cheapest Studio apartment in Northwest Portland?

Currently the most affordable Cheap Studio Apartment in Northwest Portland is at Gretchen Kafoury Commons listed at $702.

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

The lowest price for a Cheap One Bedroom Northwest Portland Apartment is $895 at Hidwell 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 $1,226 at Goose Hollow Lofts.

What is the most affordable Northwest Portland Three Bedroom Apartment?

The best deal on a cheap Northwest Portland Three Bedroom Apartment rental is at Cedar Mill Apartments and starts from $1,650.

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 Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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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.