Cheap Apartments for Rent in the Portsmouth Neighborhood of Portland, OR from $1,100 (22 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

close
View Me
Parkview at St. Johns
2 Bedroom Apartments

Parkview at St. Johns

5801 N Fessenden StPortland, OR 97203
  • Utilities Included
close
View Me
The Bluffs
Studio to 2 Bedroom Apartments

The Bluffs

5150 N Lombard StPortland, OR 97203
close
View Me
Lombard
2 Bedroom Apartments

Lombard

5120 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.

close
View Me
Miraflores
2 to 4 Bedroom Apartments

Miraflores

8917 N NewellPortland, OR 97203
  • Utilities Included
close
View Me
Bridge Meadows
1 to 2 Bedroom Apartments

Bridge Meadows

8502 N WaylandPortland, OR 97203
  • Utilities Included
close
View Me
Lombard Heights
2 Bedroom Apartments

Lombard Heights

5929 N Lombard StPortland, OR 97203
close
View Me
Midway Court
1 Bedroom Apartments

Midway Court

6956 N Fessenden StPortland, OR 97203

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.

close
View Me
New Columbia - HOA
1 to 4 Bedroom Apartments

New Columbia - HOA

4605 N Trenton 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.

close
View Me
6426 N Princeton St
Studio to 2 Bedroom Apartments

6426 N Princeton St

6426 N Princeton StPortland, OR 97203

Portsmouth, Portland, OR Local Guide

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 ListingModel NameBed/BathPriced From
Cimarron Apartments1BR1B1BR,1BA$1,295
The Bluffs1x11BR,1BA$1,349
Harrison Square Apartments2 Bedroom / 1.0 Bath -2BR,1BA$1,650
The Melrose Apartments3 Bedroom3BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
The Melrose Apartments3 Bedroom3BR,1BA$1.73
Harrison Square Apartments2 Bedroom / 1.0 Bath -2BR,1BA$2.12
Cimarron Apartments1BR1B1BR,1BA$1.85
The Bluffs1x11BR,1BA$3.27

Quick Rent Budget Calculator

How much rent can you afford?

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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Portsmouth, Portland, OR

Ranked #149

Among neighborhoods in Portland, OR for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

decorative image of woman handing cat to small boy

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

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.

decorative image for A Portland Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent article

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.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

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.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

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.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

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.