Cheap Apartments for Rent in the Portsmouth Neighborhood of Portland, OR from $900 (25 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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Parkview at St. Johns
1 to 3 Bedroom Apartments

Parkview at St. Johns

5801 N Fessenden StPortland, OR 97203
  • 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

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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Miraflores
2 to 4 Bedroom Apartments

Miraflores

8917 N NewellPortland, OR 97203
  • Utilities Included
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Bridge Meadows
1 to 4 Bedroom Apartments

Bridge Meadows

8502 N WaylandPortland, OR 97203
  • Utilities Included

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 Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Lombard Heights
2 Bedroom Apartments

Lombard Heights

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

Midway Court

6956 N Fessenden StPortland, OR 97203
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New Columbia - HOA
1 to 4 Bedroom Apartments

New Columbia - HOA

4605 N Trenton 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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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 Studio unit found at The Bluffs priced from $999. Park Place North Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,495. Here are the most affordable Portsmouth apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
The BluffsStudioStudio,1BA$999
Park Place North Apartments2x12BR,1BA$1,495
Harrison Square Apartments2 Bedroom / 1.0 Bath -2BR,1BA$1,650

Best Value Apartments for Rent in Portsmouth, OR

As of September 07, 2025 the best value apartment in the Portsmouth area is the $2.00 price per square foot 5905 N Lombard St Model at 5905 N Lombard St in the in the Northwest Portland neighborhood starting from $1,800. The second greatest value Portsmouth apartment is the 3x1 Model at Park Place North Apartments starting at $1,895 with a $2.11 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.
5905 N Lombard St5905 N Lombard St2BR,1BA$2.00
Park Place North Apartments3x13BR,1BA$2.11
Harrison Square Apartments2 Bedroom / 1.0 Bath -2BR,1BA$2.12
The BluffsStudioStudio ,1BA$3.02

Quick Rent Budget Calculator

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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.

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Pet Friendly Lifestyle
Portsmouth, Portland, OR

Ranked #149

Among cities in Oregon for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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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

Frequently Asked Questions about Cheap Portsmouth 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 Bluffs.

What is the most affordable Portsmouth Three Bedroom Apartment?

The best deal on a cheap Portsmouth Three Bedroom Apartment rental is at Park Place North Apartments and starts from $1,895.

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.

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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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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.