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Rent Specials
$1,299 - $1,735
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1 to 3 Bedroom Apartments Available NowTotal Monthly Price
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$1,299 - $1,735
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The Melrose Apartments
6734 N Fessenden StPortland, OR 97203
Cheap Apartments for Rent in the Portsmouth Neighborhood of Portland, OR from $400 (25 Rentals)
Search the lowest-cost Apartments available for rent right now in the Portsmouth area of Portland.
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Rent Specials
$1,295 - $2,0001 to 3 Bedroom Apartments Available Now
Harrison Square Apartments
8937-8961 N Westanna AvePortland, OR 97203
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$1,4952 Bedroom Apartments Contact Us For Availability
Park Place North Apartments
6061 N FessendenPortland, 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
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2 Bedroom Apartments
3917-3931 N Juneau St
3917-3931 N Juneau StPortland, OR 97217
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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1 to 2 Bedroom Apartments
The Lombardy Apartments
7515 N WestannaPortland, OR 97203
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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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Studio Apartments
8309-8329 N Dwight Ave
8309-8329 N Dwight AvePortland, OR 97203
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Studio Apartments
University Commons Apartments
4503-4519 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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2 Bedroom Apartments
9951-9959 N Van Houten Ave
9951-9959 N Van Houten AvePortland, 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
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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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
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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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 1 Bedroom Apartments | $1,427 | $1,295 | $1,500 |
| Portsmouth 2 Bedroom Apartments | $1,590 | $1,449 | $1,700 |
| Portsmouth 3 Bedroom Apartments | $1,982 | $1,965 | $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 $1,025. Harrison Square Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,295. 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 | $1,025 |
| Harrison Square Apartments | 1 Bedroom / 1.0 Bath - | 1BR,1BA | $1,295 |
| The Melrose Apartments | 2 Bedroom | 2BR,1BA | $1,449 |
| Cimarron Apartments | 2BR1B | 2BR,1BA | $1,450 |
Best Value Apartments for Rent in Portsmouth, OR
As of May 27, 2026 the best value apartment in the Portsmouth area is the $1.71 price per square foot 2BR1B Model at Cimarron Apartments in the in the Northwest Portland neighborhood starting from $1,450. The second greatest value Portsmouth apartment is the 2 Bedroom Model at The Melrose Apartments starting at $1,449 with a $1.81 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. |
|---|---|---|---|
| Cimarron Apartments | 2BR1B | 2BR,1BA | $1.71 |
| The Melrose Apartments | 2 Bedroom | 2BR,1BA | $1.81 |
| 3901 N Kiska St, Unit Unit B | 3901 N Kiska St | 2BR,1BA | $2.12 |
| 8300 N Dwight Ave, Unit Apartment | 8300 N Dwight Ave | 1BR,1BA | $2.00 |
| Harrison Square Apartments | 1 Bedroom / 1.0 Bath - | 1BR,1BA | $2.25 |
| The Bluffs | 1x1 | 1BR,1BA | $3.39 |
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 $1,295 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 $1,449 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
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.
Local Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Portland
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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.
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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.
From Arts to Eats: A Local Insiders Guide to Living in Portland's Best Spots
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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.
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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.