7703 N Hereford Ave
PortlandOR97203
Cheap Homes for Rent in Portsmouth Neighborhood of Portland, OR from $700 (8 Rentals)
Search the lowest-cost Homes available for rent right now in the Portsmouth area of Portland.
5515 N Syracuse St
PortlandOR97203
5515 N Syracuse St
PortlandOR97203
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$1,4952 Bedroom Apartments Available Now
4110-4116 N Willis Blvd
4110-4116-4116 N Willis BlvdPortland, OR 97203
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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$1,9002 Bedroom Apartments Available Now
8605 N Hurst Ave
8605 N Hurst AvePortland, OR 97203
5870 N Harvard St
PortlandOR97203
7519 N Clarendon Ave, Unit 4
7519 N Clarendon Ave
PortlandOR97203
4048 N Attu St
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.
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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 | $2,636 | $2,400 | $3,000 |
| Portsmouth 3 Bedroom Homes for Rent | $2,631 | $2,395 | $3,000 |
| Portsmouth 4 Bedroom Homes for Rent | $2,831 | $2,400 | $3,300 |
| Portsmouth 5 Bedroom Homes for Rent | $3,700 | $3,650 | $3,750 |
| Portsmouth 6 Bedroom Homes for Rent | $3,245 | $2,695 | $3,995 |
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 8 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 |
Best Value Apartments for Rent in Portsmouth, OR
As of May 28, 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 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 $1,295 to $2,000. There are also 23 Single Family Homes for rent, Condos, and Townhome rentals currently available in Portsmouth ranging from $740 to $3,995.
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 $3,995 with an average monthly rent of $2,695.
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
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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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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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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.
Articles, How-To's, and Tips
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.
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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.