
Cheap Apartments for Rent in the Portsmouth Neighborhood of Portland, OR from $1,100 (22 Rentals)
Search the lowest-cost Apartments available for rent right now in the Portsmouth area of Portland.

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.
The Art of the Rental Viewing: What to look for during a property tour
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.
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.
Portsmouth, Portland, OR Local Guide

How much does it cost to rent an apartment in Portsmouth?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Portsmouth 1 Bedroom Apartments | $1,495 | $1,495 | $1,495 |
Portsmouth 2 Bedroom Apartments | $1,528 | $1,295 | $1,895 |
Browse Apartments in this Neighborhood
There are currently 22 rentals with your search options within a 2 mile radius of the Portsmouth Neighborhood of Portland, OR.
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Portsmouth, Portland, OR Local Guide
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Cheapest Available Portsmouth Apartments for Rent
 The cheapest available apartment rental in the Portsmouth area of Portland, OR is a 1 Bed unit found at Cimarron Apartments priced from $1,295. The Bluffs has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,349. Here are the most affordable Portsmouth apartments for rent in Portland, OR:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Cimarron Apartments | 1BR1B | 1BR,1BA | $1,295 |
The Bluffs | 1x1 | 1BR,1BA | $1,349 |
Harrison Square Apartments | 2 Bedroom / 1.0 Bath - | 2BR,1BA | $1,650 |
The Melrose Apartments | 3 Bedroom | 3BR,1BA | $1,899 |
Best Value Apartments for Rent in Portsmouth, OR
As of July 09, 2025 the best value apartment in the Portsmouth area is the $1.73 price per square foot 3 Bedroom Model at The Melrose Apartments in the in the Northwest Portland neighborhood starting from $1,899. The second greatest value Portsmouth apartment is the 2 Bedroom / 1.0 Bath - Model at Harrison Square Apartments starting at $1,650 with a $2.12 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
The Melrose Apartments | 3 Bedroom | 3BR,1BA | $1.73 |
Harrison Square Apartments | 2 Bedroom / 1.0 Bath - | 2BR,1BA | $2.12 |
Cimarron Apartments | 1BR1B | 1BR,1BA | $1.85 |
The Bluffs | 1x1 | 1BR,1BA | $3.27 |
Quick Rent Budget Calculator
How much rent can you afford?
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Pet Friendly LifestylePortsmouth, Portland, OR
Ranked #149
Among neighborhoods in Portland, OR for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Getting Around the Portsmouth Neighborhood in Portland, OR
Walk Score®
71 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
97 / 100
Biker's Paradise
Daily errands can be accomplished on a bike
Transit Score®
43 / 100
Some Transit
A few nearby public transportation options
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.
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.

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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.