
Cheap Apartments for Rent in the Portsmouth Neighborhood of Portland, OR from $900 (26 Rentals)
Search the lowest-cost Apartments available for rent right now in the Portsmouth area of Portland.


Harrison Square Apartments

The Melrose Apartments
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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 | $1,568 | $1,199 | $1,900 |
| Portsmouth 2 Bedroom Apartments | $1,667 | $1,495 | $1,900 |
| Portsmouth 3 Bedroom Apartments | $1,915 | $1,850 | $1,995 |
Browse Apartments in this Neighborhood
There are currently 26 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 $999. The Melrose Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,199. 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 | $999 |
| The Melrose Apartments | 1 Bedroom | 1BR,1BA | $1,199 |
| Harrison Square Apartments | 1 Bedroom / 1.0 Bath - | 1BR,1BA | $1,450 |
| West Lombard | 1BR/1.0BA | 1BR,1BA | $1,495 |
Best Value Apartments for Rent in Portsmouth, OR
As of January 01, 2026 the best value apartment in the Portsmouth area is the $1.94 price per square foot 2x1 Model at Park Place North Apartments in the in the Northwest Portland neighborhood starting from $1,495. The second greatest value Portsmouth apartment is the 1BR/1.0BA Model at West Lombard starting at $1,495 with a $2.41 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 | 2x1 | 2BR,1BA | $1.94 |
| West Lombard | 1BR/1.0BA | 1BR,1BA | $2.41 |
| The Melrose Apartments | 1 Bedroom | 1BR,1BA | $2.00 |
| 8020 N Hurst Ave, Unit B | 8020 N Hurst Ave | 1BR,1BA | $3.17 |
| Harrison Square Apartments | 1 Bedroom / 1.0 Bath - | 1BR,1BA | $2.52 |
| The Bluffs | Studio | Studio ,1BA | $3.02 |
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 $1,199 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 $1,495 at Park Place North 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
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.

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.
Articles, How-To's, and Tips

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!






















