Cheap Apartments for Rent in the Old Town Chinatown Neighborhood of Portland, OR from $310 (398 Rentals)

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

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920 NW naito pkwy #j20
$150 - $2,250

Total Monthly Price

Base Rent$150 - $2,250
Total Monthly Price$150 - $2,250
1 to 2 Bedroom Apartment Available Now

920 NW naito pkwy #j20

920 NW naito pkwy #j20Portland, OR 97209
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From Arts to Eats: A Local Insider's Guide to Living in Portland's Best Spots

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Koz on 4th
Rent Specials
$899 - $1,325

Total Monthly Price

Base Rent$899 - $1,325
Total Monthly Price$899 - $1,325
Studio to 1 Bedroom Apartments Available Now

Koz on 4th

2211 SW 4th AvePortland, OR 97201
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Koz on 13th
Rent Specials
$925 - $1,329

Total Monthly Price

Base Rent$925 - $1,329
Total Monthly Price$925 - $1,329
Studio to 1 Bedroom Apartments Available Now

Koz on 13th

123 SE 13th AvePortland, OR 97214
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Rent According to Income: A Look at Income-Restricted Rentals

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The Addy
Rent Specials
$970 - $2,507

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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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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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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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Old Town Chinatown - One of the Best Affordable Neighborhoods in Portland

Named as one of the Best Affordable Neighborhoods to rent in Portland by our Portland, OR Local Expert Chad Deitchley. See how it ranks!

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property at 1631 NW Everett St
$1,025 - $1,795
Studio To 1 Bedroom Rentals
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1631 NW Everett St

PortlandOR97209
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Sullivan's Ridge
$1,045 - $2,332

Total Monthly Price

Base Rent$1,045 - $2,332
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Studio to 2 Bedroom Apartments Available Now

Sullivan's Ridge

1710 NE Multnomah StPortland, OR 97232
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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

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Old Town Chinatown, Portland, OR Local Guide

Cheapest Available Old Town Chinatown Apartments for Rent

 

The cheapest available apartment rental in the Old Town Chinatown area of Portland, OR is a Studio unit found at Waterleaf priced from $572. Modern Rich Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $649. Here are the most affordable Old Town Chinatown apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
WaterleafStudioStudio, 1BA$572
Modern Rich Apartments0BR/1.0BAStudio, 1BA$649
Gretchen Kafoury CommonsStudio 40%Studio, 1BA$791
Margaret Carter PlazaStudio HUD UnitStudio, 1BA$800
Melcliff Apartments0BR/1.0BAStudio, 1BA$850
A. Philips SquareStudio HUD UnitStudio, 1BA$860
Fountain Place ApartmentsStudio - 60%Studio, 1BA$860
Morrison Park Apartments0BR/1.0BAStudio, 1BA$875
Hamilton WestHamilton West: Your Urban Oasis in PortlandStudio, 1BA$879

Best Value Apartments for Rent in Old Town Chinatown, OR

As of September 26, 2026 the best value apartment in the Old Town Chinatown area is the $1.46 price per square foot Two Bedroom Model at Gallery Park Apartments in the Northwest Portland neighborhood starting from $1,750. The second greatest value Old Town Chinatown apartment is the 2BR/1.0BA Model at Bel-Linda in the Southeast Portland neighborhood starting at $1,495 with a $1.56 price per square foot. Here is today’s list of the best values for Old Town Chinatown apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Gallery Park ApartmentsTwo Bedroom2BR, 2BA$1.46
Bel-Linda2BR/1.0BA2BR, 1BA$1.56
L Roy GardensThree Bedroom One Bathroom HUD Unit3BR, 1BA$1.25
Wellington House2BR/1.0BA2BR, 1BA$1.53
Midtown East0x1 100Studio, 1BA$1.33
qui25251BR/1.0BA1BR, 1BA$1.56
Maya Angelou2 Bedroon 1 Bath2BR, 1BA$1.48
King DishmanTwo Bathroom One Bathoom HUD Unit2BR, 1BA$1.52
A. Philips SquareStudio HUD UnitStudio, 1BA$1.43
Margaret Carter PlazaOne Bathroom One Bedroom HUD Unit1BR, 1BA$1.55

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

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Navigating the Rental Market: Tips for First-Time Renters

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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
Old Town Chinatown, Portland, OR

Ranked #2

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
Old Town Chinatown, Portland, OR

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving.com compiles millions of data points to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals in metropolitan areas across the United States and customized analysis for Central Portland. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including our Star Ratings to compare for outdoor amenities like tennis courts, luxury amenities, kid and pet-friendly communities, availability of transit options, and much more. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Old Town Chinatown Apartments

What is a cheap apartment in Old Town Chinatown?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Old Town Chinatown is under $879.

What is the price of a cheap apartment in Old Town Chinatown?

The cheapest apartment in Old Town Chinatown is Margaret Carter Plaza which is listed at $889, while the average apartment in Old Town Chinatown costs $1,699.

What types of apartments are the cheapest in Old Town Chinatown?

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 196 regular apartments in Old Town Chinatown 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 Old Town Chinatown?

Cheap apartments in Old Town Chinatown have an average cost of $312 which is $1,387 cheaper than the average rent for all rentals in Old Town Chinatown.

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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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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Rent According to Income: A Look at Income-Restricted Rentals

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