6811 N Westanna Ave
PortlandOR97203
Cheap Homes for Rent in Portsmouth Neighborhood of Portland, OR from $1,100 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the Portsmouth area of Portland.
5515 N Syracuse 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.
5515 N Syracuse St
PortlandOR97203
6053 N Fessenden 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.
6621 N Columbia Way
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 | $2,365 | $1,495 | $2,649 |
| Portsmouth 3 Bedroom Homes for Rent | $2,581 | $1,950 | $3,295 |
| Portsmouth 4 Bedroom Homes for Rent | $2,900 | $2,900 | $2,900 |
| Portsmouth 5 Bedroom Homes for Rent | $3,750 | $3,500 | $4,000 |
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. Harrison Square Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,450. 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 |
| Harrison Square Apartments | 1 Bedroom / 1.0 Bath - | 1BR,1BA | $1,450 |
| Park Place North Apartments | 2x1 | 2BR,1BA | $1,495 |
Best Value Apartments for Rent in Portsmouth, OR
As of April 12, 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 1 Bedroom Model at The Melrose Apartments starting at $1,582 with a $2.64 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 |
| The Melrose Apartments | 1 Bedroom | 1BR,1BA | $2.64 |
| Harrison Square Apartments | 1 Bedroom / 1.0 Bath - | 1BR,1BA | $2.52 |
| 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 $1,450 to $2,000. There are also 23 Single Family Homes for rent, Condos, and Townhome rentals currently available in Portsmouth ranging from $1,150 to $4,000.
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 $1,150 to $4,000 with an average monthly rent of $2,345.
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 Insiders 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
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.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.