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Rent Specials
$1,200 - $1,449
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1 to 3 Bedroom Apartments Available NowTotal Monthly Price
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$1,200 - $1,449
Total Monthly Price
$1,200 - $1,449
The Melrose Apartments
6734 N Fessenden StPortland, OR 97203
Cheap Apartments for Rent in the Portsmouth Neighborhood of Portland, OR from $416 (25 Rentals)
Search the lowest-cost Apartments available for rent right now in the Portsmouth area of Portland.
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Rent Specials
$1,450 - $2,0001 to 3 Bedroom Apartments Available Now
Harrison Square Apartments
8937-8961 N Westanna AvePortland, OR 97203
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$1,495 - $1,7952 to 3 Bedroom Apartments Available Now
Park Place North Apartments
6061 N FessendenPortland, OR 97203
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1 to 2 Bedroom Apartments
Lombardy Apartments
7515 N WestannaPortland, OR 97203
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2 to 3 Bedroom Apartments
6923 N Fessenden St
6923 N Fessenden StPortland, OR 97203
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1 to 2 Bedroom Apartments
7023-7041 N Fessenden St
7023-7041 N Fessenden StPortland, OR 97203
From Arts to Eats: A Local Insider's Guide to Living in Portland's Best Spots
Discover the true heart of Portland, Oregon, with this local expert's guide. Explore the city's unique history, from the coin toss that named it to its "Keep Portland Weird" culture, and get an insider look at its most notable neighborhoods and internationally recognized food scene.
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2 Bedroom Apartments
3917-3931 N Juneau St
3917-3931 N Juneau StPortland, OR 97217
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1 Bedroom Apartments
Midway Court
6956 N Fessenden StPortland, OR 97203
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Studio Apartments
7021 N Fessenden St
7021 N Fessenden StPortland, OR 97203
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Studio to 2 Bedroom Apartments
6426 N Princeton St
6426 N Princeton StPortland, OR 97203
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2 Bedroom Apartments
9951-9959 N Van Houten Ave
9951-9959 N Van Houten AvePortland, OR 97203
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Studio Apartments
8309-8329 N Dwight Ave
8309-8329 N Dwight AvePortland, OR 97203
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
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Studio Apartments
University Commons Apartments
4503-4519 N Lombard StPortland, OR 97203
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1 to 3 Bedroom Apartments
Parkview at St. Johns
5801 N Fessenden StPortland, OR 97203
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2 to 4 Bedroom Apartments
Miraflores
8917 N NewellPortland, OR 97203
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Studio to 2 Bedroom Apartments
The Bluffs
5150 N Lombard StPortland, OR 97203
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Studio to 3 Bedroom Apartments
Lombard
5120 N Lombard StPortland, OR 97203
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2 Bedroom Apartments
6839-6849 N Fessenden St
6839-6849 N Fessenden StPortland, OR 97203
Portland’s Best Affordable Neighborhoods
Learn about Portland and the best places to live with original content written by our Portland, OR Local Expert Chad Deitchley
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1 to 4 Bedroom Apartments
Bridge Meadows
8502 N WaylandPortland, OR 97203
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1 to 2 Bedroom Apartments
Queen Johanna Apartments
6002 N Lombard StPortland, OR 97203
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1 to 2 Bedroom Apartments
Sequoia Glen Apartments
6244-6260 N Columbia WayPortland, OR 97203
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1 to 5 Bedroom Apartments
New Columbia Woosley
9209 N Dwight AvePortland, OR 97203
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2 Bedroom Apartments
Lombard Heights
5929 N Lombard StPortland, OR 97203
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1 to 2 Bedroom Apartments
Cimarron Apartments
5531 N Lombard StPortland, OR 97203
Portsmouth - One of the Best Affordable Neighborhoods in Portland
Named as one of the Best Affordable Neighborhoods to rent in Portland by our Portland, OR Local Expert Chad Deitchley. See how it ranks!
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1 to 4 Bedroom Apartments
New Columbia - HOA
4605 N Trenton StPortland, OR 97203
Showing Results 1-25, Page 1 of 1
Portsmouth, Portland, OR Local Guide
How much does it cost to rent an apartment in Portsmouth?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Portsmouth Studio Apartments | $1,195 | $1,195 | $1,195 |
| Portsmouth 1 Bedroom Apartments | $1,325 | $1,200 | $1,450 |
| Portsmouth 2 Bedroom Apartments | $1,594 | $1,399 | $1,959 |
| Portsmouth 3 Bedroom Apartments | $1,920 | $1,795 | $2,000 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 25 rentals with your search options within a 2 mile radius of the Portsmouth Neighborhood of Portland, OR.
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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 $1,049. The Melrose Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,200. Here are the most affordable Portsmouth apartments for rent in Portland, OR:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Bluffs | Studio | Studio,1BA | $1,049 |
| The Melrose Apartments | 1 Bedroom | 1BR,1BA | $1,200 |
| Harrison Square Apartments | 1 Bedroom / 1.0 Bath - | 1BR,1BA | $1,450 |
| Park Place North Apartments | 2x1 | 2BR,1BA | $1,495 |
| Lombardy Apartments | 2BR/1.0BA | 2BR,1BA | $1,805 |
Best Value Apartments for Rent in Portsmouth, OR
As of August 26, 2026 the best value apartment in the Portsmouth area is the $1.99 price per square foot 3x1 Model at Park Place North Apartments in the in the Northwest Portland neighborhood starting from $1,795. The second greatest value Portsmouth apartment is the 2BR/1.0BA Model at Lombardy Apartments starting at $1,805 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. |
|---|---|---|---|
| Park Place North Apartments | 3x1 | 3BR,1BA | $1.99 |
| Lombardy Apartments | 2BR/1.0BA | 2BR,1BA | $2.12 |
| The Melrose Apartments | 1 Bedroom | 1BR,1BA | $2.00 |
| Harrison Square Apartments | 1 Bedroom / 1.0 Bath - | 1BR,1BA | $2.52 |
| The Bluffs | Studio | Studio ,1BA | $3.17 |
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 $1,200 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 $1,399 at The Melrose 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
From Arts to Eats: A Local Insider's Guide to Living in Portland's Best Spots
Written by: Chad Deitchley
Hello! My name is Chad, and I am your ApartmentHomeLiving.com Local Expert for Portland, Oregon. After living in this one-of-a-kind city for more than 20 years, I have seen it change in many exciting ways.
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.
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.
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.
Articles, How-To's, and Tips
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.