7703 N Hereford Ave
PortlandOR97203
Cheap Homes for Rent in the Portsmouth Neighborhood of Portland, OR from $700 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the Portsmouth area of Portland.
5257 N Harvard St
PortlandOR97203
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.
9136 N Portsmouth Ave
PortlandOR97203
9119 N McKenna Ave
PortlandOR97203
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.
7519 N Clarendon Ave, Unit 4
7519 N Clarendon Ave
PortlandOR97203
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Portsmouth, Portland, OR Local Guide
How much does it cost to rent a home in Portsmouth?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Portsmouth 2 Bedroom Homes for Rent | $2,523 | $2,095 | $3,200 |
| Portsmouth 3 Bedroom Homes for Rent | $2,470 | $1,945 | $2,995 |
| Portsmouth 4 Bedroom Homes for Rent | $3,395 | $3,095 | $3,695 |
| Portsmouth 5 Bedroom Homes for Rent | $3,372 | $2,995 | $3,750 |
| Portsmouth 6 Bedroom Homes for Rent | $2,935 | $2,595 | $3,495 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 5 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 $1,099. The Melrose Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,399. 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 | $1,099 |
| The Melrose Apartments | 2 Bedroom | 2BR,1BA | $1,399 |
| Harrison Square Apartments | 1 Bedroom / 1.0 Bath - | 1BR,1BA | $1,450 |
Best Value Apartments for Rent in Portsmouth, OR
As of July 12, 2026 the best value apartment in the Portsmouth area is the $1.75 price per square foot 2 Bedroom Model at The Melrose Apartments in the in the Northwest Portland neighborhood starting from $1,399. The second greatest value Portsmouth apartment is the 1 Bedroom / 1.0 Bath - Model at Harrison Square Apartments starting at $1,450 with a $2.52 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. |
|---|---|---|---|
| The Melrose Apartments | 2 Bedroom | 2BR,1BA | $1.75 |
| Harrison Square Apartments | 1 Bedroom / 1.0 Bath - | 1BR,1BA | $2.52 |
| The Bluffs | Studio | Studio ,1BA | $3.32 |
Frequently Asked Questions about Portsmouth
What type of rentals are currently available in Portsmouth?
There are currently 78 Apartments for Rent in Portsmouth, OR with pricing that ranges from $1,200 to $2,000. There are also 19 Single Family Homes for rent, Condos, and Townhome rentals currently available in Portsmouth ranging from $740 to $3,750.
What is the current price range for Rental Homes in Portsmouth?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Portsmouth ranges from $740 to $3,750 with an average monthly rent of $2,572.
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.
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.
Articles, How-To's, and Tips
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.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.