Cheap Homes for Rent in Northwest Portland Neighborhood of Portland, OR from $700 (64 Rentals)

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Search the lowest-cost Homes 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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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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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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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. Gretchen Kafoury 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
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
Edington CourtStudio AStudio,1BA$925
Washington Plaza Apartmentss2fl 260Studio,1BA$945
Regency ApartmentsStudio AStudio,1BA$950
Capri ApartmentsStudioStudio,1BA$950
Chesterbury Apartments0x1Studio,1BA$950

Best Value Apartments for Rent in Northwest Portland, OR

As of June 17, 2025 the best value apartment in the Northwest Portland area is the $1.46 price per square foot 2274 NW Irving St Model at 2274 NW Irving St, Unit 2276 NW Irving in the in the Northwest Portland neighborhood starting from $2,195. The second greatest value Northwest Portland apartment is the 2 Bed 2 Bath L Model at Blanton Commons Apartments in Beaverton, OR starting at $1,625 with a $1.67 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.
2274 NW Irving St, Unit 2276 NW Irving2274 NW Irving St3BR,1BA$1.46
Blanton Commons Apartments in Beaverton, OR2 Bed 2 Bath L2BR,2BA$1.67
Goose Hollow PlazaTwo Bedroom2BR,1BA$1.66
Somerset West2BR/1.0BA2BR,1BA$1.71
Country Oaks1 BEDROOM1BR,1BA$1.53
Merlo StationTwo-Bedroom2BR,1BA$1.50
Midtown East1x1_r1001BR,1BA$1.48
Park Avenue Gardens1 Bed 1 Bath1BR,1BA$1.64
Pine Cone Apartments1bed1bath1BR,1BA$1.62
Central Chalet Apartments1BR 1 Bath1BR,1BA$1.69

Quick Rent Budget Calculator

How much rent can you afford?

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Frequently Asked Questions about Northwest Portland

What type of rentals are currently available in Northwest Portland?

There are currently 1294 Apartments for Rent in Northwest Portland, OR with pricing that ranges from $580 to $26,947. There are also 204 Single Family Homes for rent, Condos, and Townhome rentals currently available in Northwest Portland ranging from $750 to $12,500.

What is the current price range for Rental Homes in Northwest Portland?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Northwest Portland ranges from $750 to $12,500 with an average monthly rent of $3,283.

How much are larger Three and Four Bedroom Rentals in Northwest Portland?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Northwest Portland range from $1,567 to $26,947, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,750 to $6,500. Four Bedroom Single-Family rentals are also available starting from $2,995 and Four Bedroom Apartments start at $1,995.

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.