Cheap Apartments for Rent in the Old Town Chinatown Neighborhood of Portland, OR from $500 (387 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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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 St. Francis Park priced from $536. Alder 9 has the second lowest priced unit, which is a Studio apartment currently listed from $626. Here are the most affordable Old Town Chinatown apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
St. Francis ParkStudioStudio,1BA$536
Alder 9Studio 30%Studio,1BA$626
Gretchen Kafoury CommonsStudio PBV 60%Studio,1BA$702
Hamilton WestHamilton West: Your Urban Oasis in PortlandStudio,1BA$757
5th Avenue Place ApartmentsStudioStudio,1BA$795
Emmons PlaceSTUDIOSStudio,1BA$799
Zeal LoftsStudio 1Studio,1BA$820
Maya Angelou1 Bedroom 1 Bath1BR,1BA$885
Pacific Tower ApartmentsStudioStudio,1BA$900
The Yards at Union StationSTUDIO BStudio,1BA$900

Best Value Apartments for Rent in Old Town Chinatown, OR

As of September 11, 2025 the best value apartment in the Old Town Chinatown area is the $1.80 price per square foot 2BR/2.5BA Model at King's Crossing Townhomes in the in the Northeast Portland neighborhood starting from $2,395. The second greatest value Old Town Chinatown apartment is the 2 Bed 2.5 Bath Model at 1607 Apartments starting at $2,200 with a $1.78 price per square foot in the Northwest 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.
King's Crossing Townhomes2BR/2.5BA2BR,2.5BA$1.80
1607 Apartments2 Bed 2.5 Bath2BR,2.5BA$1.78
Portland Terrace2 bedroom 1 bath2BR,1BA$1.62
1330 SE Lafayette St2 Bd/1 Bath2BR,1BA$1.80
Hidwell Apartments1BR/1.0BA1BR,1BA$1.42
Pine Cone Apartments1bed1bath1BR,1BA$1.62
Dawson Park Apartments1 Bdrm1BR,1BA$1.62
Maya Angelou1 Bedroom 1 Bath1BR,1BA$1.49
5th Avenue Place ApartmentsStudioStudio ,1BA$1.67
St. Francis ParkStudioStudio ,1BA$1.34

Quick Rent Budget Calculator

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Old Town Chinatown, Portland, OR

Ranked #1

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!

Getting Around the Old Town Chinatown Neighborhood in Portland, OR

Walk Score®

99 / 100

Walker’s Paradise

Daily errands do not require a car

Bike Score®

99 / 100

Biker's Paradise

Daily errands can be accomplished on a bike

Transit Score®

94 / 100

Rider’s Paradise

World-class public transportation

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 $900.

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

The cheapest apartment in Old Town Chinatown is St. Francis Park which is listed at $554, while the average apartment in Old Town Chinatown costs $7,391.

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 124 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 $104 which is $7,287 cheaper than the average rent for all rentals in Old Town Chinatown.

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.