Cheap Apartments for Rent in the Old Town Chinatown Neighborhood of Portland, OR from $400 (394 Rentals)

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

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Mississippi Court
Rent Specials
$901 - $1,279
Total Monthly Price

Total Monthly Price

Base Rent
$656 - $1,034
Required Monthly Fees
Varies
Total Monthly Price
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Studio Apartments Available Now

Mississippi Court

2631 N Mississippi AvePortland, OR 97227
Affordability
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  • 3D Tour

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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Park Plaza
$963 - $2,420
Total Monthly Price

Total Monthly Price

Base Rent
$959 - $2,416
Required Monthly Fees
Varies
Total Monthly Price
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Studio to 2 Bedroom Apartments Available Apr 14

Park Plaza

1969 SW Park AvePortland, OR 97201
Corporate Housing
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The Belmar Apartments
Studio Apartments

The Belmar Apartments

1964 NW JohnsonPortland, OR 97209
Transit Friendly
  • Utilities Included
  • Smoke Free

From Arts to Eats: A Local Insider's Guide to Living in Portland's Best Spots

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Midtown West Apartments
Rent Specials
$995 - $1,195
Total Monthly Price

Total Monthly Price

Base Rent
$915 - $1,115
Required Monthly Fees
$80
Total Monthly Price
$995 - $1,195
Studio to 1 Bedroom Apartments Available Now

Midtown West Apartments

1010 NW 17th AvePortland, OR 97209
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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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Uptown Arms & Manor
$1,000 - $1,850
Total Monthly Price

Total Monthly Price

Base Rent
$925 - $1,775
Required Monthly Fees
$75
Total Monthly Price
$1,000 - $1,850
Studio to 2 Bedroom Apartments Available Now

Uptown Arms & Manor

2175 NW Davis StPortland, OR 97210
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Sullivan's Ridge
Rent Specials
$1,046 - $2,332
Total Monthly Price

Total Monthly Price

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$1,046 - $2,332
Total Monthly Price
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Studio to 2 Bedroom Apartments Available Now

Sullivan's Ridge

1710 NE Multnomah StPortland, OR 97232
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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 $480. Helen Swindells Building has the second lowest priced unit, which is a Studio apartment currently listed from $500. Here are the most affordable Old Town Chinatown apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
WaterleafStudioStudio,1BA$480
Helen Swindells Building0x1Studio,1BA$500
Modern Rich Apartments0BR/1.0BAStudio,1BA$649
Hamilton WestEff StudioStudio,1BA$789
Pearl CourtStudio - DStudio,1BA$789
Zeal LoftsStudio 1Studio,1BA$795
Doricourt Apartments -- Historic SW DowntownStudio (215sq ft 04’s, 05’s, 09’s, 10’s, 11’s, ...Studio,1BA$800
Margaret Carter PlazaOne Bathroom One Bedroom HUD Unit1BR,1BA$848
Fountain Place ApartmentsStudio - 60%Studio,1BA$860
WestshorestudioStudio,1BA$869

Best Value Apartments for Rent in Old Town Chinatown, OR

As of March 28, 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 in the Northwest Portland neighborhood starting from $1,750. The second greatest value Old Town Chinatown apartment is the lxl Model at Irvington Apartments starting at $1,495 with a $1.76 price per square foot in the Southeast Portland neighborhood. 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
Irvington Apartmentslxl1BR,1BA$1.76
Lair Hill1x11BR,1BA$1.70
King DishmanTwo Bathroom One Bathoom HUD Unit2BR,1BA$1.45
Waterleaf1 Bedroom 1 Bath1BR,1BA$1.64
Westcott Properties1x11BR,1BA$1.54
Allendale Apartments1BR/1.0BA1BR,1BA$1.83
Westfal ApartmentsOne Bedroom1BR,1BA$1.71
Dawson Park Apartments1 Bdrm1BR,1BA$1.56
Margaret Carter PlazaOne Bathroom One Bedroom HUD Unit1BR,1BA$1.47

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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

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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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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 $869.

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 $848, while the average apartment in Old Town Chinatown costs $9,216.

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 315 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 $311 which is $8,905 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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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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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.

decorative image for The Portland Power Commute: Top Neighborhoods for Renters Near the City’s Major Job Hubs article

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.

decorative image for From Arts to Eats: A Local Insiders Guide to Living in Portland's Best Spots article

From Arts to Eats: A Local Insiders 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.

Articles, How-To's, and Tips

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.