Cheap Apartments for Rent in the Portsmouth Neighborhood of Portland, OR from $400 (49 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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The Melrose Apartments
Rent Specials
$1,200 - $1,449
Total Monthly Price

Total Monthly Price

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$1,200 - $1,449
Total Monthly Price
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1 to 3 Bedroom Apartments Available Now

The Melrose Apartments

6734 N Fessenden StPortland, OR 97203
Affordability
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Midway Court
1 Bedroom Apartments

Midway Court

6956 N Fessenden StPortland, OR 97203
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6426 N Princeton St
Studio to 2 Bedroom Apartments

6426 N Princeton St

6426 N Princeton StPortland, OR 97203

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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5214 N Lombard St
2 Bedroom Apartments

5214 N Lombard St

5214 N Lombard StPortland, OR 97203
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8- Plex
1 Bedroom Apartments

8- Plex

7816 N Portsmouth AvePortland, OR 97203

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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Parkview at St. Johns
1 to 3 Bedroom Apartments

Parkview at St. Johns

5801 N Fessenden StPortland, OR 97203
Corporate Housing
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Miraflores
2 to 4 Bedroom Apartments

Miraflores

8917 N NewellPortland, OR 97203
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The Bluffs
Studio to 2 Bedroom Apartments

The Bluffs

5150 N Lombard StPortland, OR 97203

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Lombard
Studio to 3 Bedroom Apartments

Lombard

5120 N Lombard StPortland, OR 97203
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Bridge Meadows
1 to 4 Bedroom Apartments

Bridge Meadows

8502 N WaylandPortland, OR 97203
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Lombard Heights
2 Bedroom Apartments

Lombard Heights

5929 N Lombard StPortland, OR 97203

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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New Columbia - HOA
1 to 4 Bedroom Apartments

New Columbia - HOA

4605 N Trenton StPortland, OR 97203
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Cecelia Apartments
1 to 3 Bedroom Apartments

Cecelia Apartments

6263 N Cecelia StPortland, OR 97203
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Minerva Plaza
Studio to 1 Bedroom Apartments

Minerva Plaza

6633-6634 N Oberlin StPortland, OR 97203
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Portsmouth Commons
1 to 2 Bedroom Apartments

Portsmouth Commons

4785 N Lombard StPortland, OR 97203
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Columbia Firs
Studio to 1 Bedroom Apartments

Columbia Firs

6270 N Columbia WayPortland, OR 97203
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St Johns Apartments
1 to 2 Bedroom Apartments

St Johns Apartments

9249-9365 N Fortune AvePortland, OR 97203
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Cecelia Apartments
1 to 3 Bedroom Apartments

Cecelia Apartments

5701 N Cecelia StPortland, OR 97203
  • Utilities Included

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Tamarack Apartments
1 to 3 Bedroom Apartments

Tamarack Apartments

4021-4257 N Alaska StPortland, OR 97203
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Nelson Court
2 Bedroom Apartments

Nelson Court

9807-9837 N Taft AvePortland, OR 97203
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5113 N Lombard St
2 Bedroom Apartments

5113 N Lombard St

5113 N Lombard StPortland, OR 97203
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Crystal Park
2 to 3 Bedroom Apartments

Crystal Park

3803-3855 N Lombard StPortland, OR 97217
Showing Results 1-49, Page 1 of 1

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 $1,099. The Melrose Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,399. Here are the most affordable Portsmouth apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
The BluffsStudioStudio,1BA$1,099
The Melrose Apartments2 Bedroom2BR,1BA$1,399
Harrison Square Apartments1 Bedroom / 1.0 Bath -1BR,1BA$1,450

Best Value Apartments for Rent in Portsmouth, OR

As of July 12, 2026 the best value apartment in the Portsmouth area is the $1.75 price per square foot 2 Bedroom Model at The Melrose Apartments in the in the Northwest Portland neighborhood starting from $1,399. The second greatest value Portsmouth apartment is the 1 Bedroom / 1.0 Bath - Model at Harrison Square Apartments starting at $1,450 with a $2.52 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.
The Melrose Apartments2 Bedroom2BR,1BA$1.75
Harrison Square Apartments1 Bedroom / 1.0 Bath -1BR,1BA$2.52
The BluffsStudioStudio ,1BA$3.32

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 $1,450 at Harrison Square 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 $1,395 at The Bluffs.

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.

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