4056 N Juneau St
PortlandOR97203
Cheap Homes for Rent in the Portsmouth Neighborhood of Portland, OR from $600 (6 Rentals)
Search the lowest-cost Homes available for rent right now in the Portsmouth area of Portland.
8020 N Hurst Ave
PortlandOR97203
6842 N Mears St
PortlandOR97203
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.
8931 N Haven Ave
PortlandOR97203
close
View Me
$1,6952 Bedroom Apartments Available Now
5038 N Vanderbilt St, Unit #A
5038 N Vanderbilt StPortland, OR 97203
5329 N Willamette Blvd
PortlandOR97203
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.
Showing Results 1-6, Page 1 of 1
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 | $2,672 | $2,395 | $3,200 |
| Portsmouth 3 Bedroom Homes for Rent | $2,685 | $2,295 | $2,995 |
| Portsmouth 4 Bedroom Homes for Rent | $3,172 | $2,950 | $3,495 |
| Portsmouth 5 Bedroom Homes for Rent | $3,750 | $3,750 | $3,750 |
| Portsmouth 6 Bedroom Homes for Rent | $2,695 | $2,695 | $2,695 |
Browse Homes for Rent in this Neighborhood
There are currently 6 rentals with your search options within a 2 mile radius of the Portsmouth Neighborhood of Portland, OR.
Explore Portland
Let everyone know!
Do you know the Portsmouth area?
If you’re an expert on all things Portsmouth, tell us what you love (and don't) by rating it and writing a review.
Write a Review
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 |
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 Portsmouth
What type of rentals are currently available in Portsmouth?
There are currently 79 Apartments for Rent in Portsmouth, OR with pricing that ranges from $1,195 to $8,759. There are also 20 Single Family Homes for rent, Condos, and Townhome rentals currently available in Portsmouth ranging from $600 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 $600 to $3,750 with an average monthly rent of $2,625.
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.