Cheap Apartments for Rent in the Portsmouth Neighborhood of Portland, OR from $900 (26 Rentals)

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

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Midway Court
1 Bedroom Apartments

Midway Court

6956 N Fessenden StPortland, OR 97203

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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.

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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6426 N Princeton St
Studio to 2 Bedroom Apartments

6426 N Princeton St

6426 N Princeton StPortland, OR 97203
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Parkview at St. Johns
1 to 3 Bedroom Apartments

Parkview at St. Johns

5801 N Fessenden StPortland, OR 97203
Corporate Housing
  • Utilities Included
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The Bluffs
Studio to 2 Bedroom Apartments

The Bluffs

5150 N Lombard StPortland, OR 97203
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Lombard
Studio to 3 Bedroom Apartments

Lombard

5120 N Lombard StPortland, OR 97203

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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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Bridge Meadows
1 to 4 Bedroom Apartments

Bridge Meadows

8502 N WaylandPortland, OR 97203
  • Utilities Included
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Miraflores
2 to 4 Bedroom Apartments

Miraflores

8917 N NewellPortland, OR 97203
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Lombard Heights
2 Bedroom Apartments

Lombard Heights

5929 N Lombard StPortland, OR 97203

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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New Columbia - HOA
1 to 4 Bedroom Apartments

New Columbia - HOA

4605 N Trenton StPortland, OR 97203

Cheapest Available Portsmouth Apartments for Rent

 

The cheapest available apartment rental in the Portsmouth area of Portland, OR is a Studio unit found at The Bluffs priced from $999. The Melrose Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,199. Here are the most affordable Portsmouth apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
The BluffsStudioStudio,1BA$999
The Melrose Apartments1 Bedroom1BR,1BA$1,199
Harrison Square Apartments1 Bedroom / 1.0 Bath -1BR,1BA$1,450
West Lombard1BR/1.0BA1BR,1BA$1,495

Best Value Apartments for Rent in Portsmouth, OR

As of January 01, 2026 the best value apartment in the Portsmouth area is the $1.94 price per square foot 2x1 Model at Park Place North Apartments in the in the Northwest Portland neighborhood starting from $1,495. The second greatest value Portsmouth apartment is the 1BR/1.0BA Model at West Lombard starting at $1,495 with a $2.41 price per square foot in the Northwest Portland neighborhood. Here is today’s list of the best values for Portsmouth apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Park Place North Apartments2x12BR,1BA$1.94
West Lombard1BR/1.0BA1BR,1BA$2.41
The Melrose Apartments1 Bedroom1BR,1BA$2.00
8020 N Hurst Ave, Unit B8020 N Hurst Ave1BR,1BA$3.17
Harrison Square Apartments1 Bedroom / 1.0 Bath -1BR,1BA$2.52
The BluffsStudioStudio ,1BA$3.02

Frequently Asked Questions about Cheap Portsmouth Apartments

How much is rent for a Cheap One Bedroom Portsmouth Apartment?

The lowest price for a Cheap One Bedroom Portsmouth Apartment is $1,199 at The Melrose Apartments.

What is the lowest price for a Cheap Two Bedroom Portsmouth Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Portsmouth is starting from $1,495 at Park Place North Apartments.

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.

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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.

Articles, How-To's, and Tips

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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!