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Cheap Apartments for Rent in the Richmond Neighborhood of Portland, OR from $700 (11 Rentals)
Search the lowest-cost Apartments available for rent right now in the Richmond area of Portland.
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$1,000Studio Apartments Contact Us For Availability
MF 11 - Cedarhurst Village Apartments
1620 SE 39th AvePortland, OR 97214
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$1,050 - $1,458Studio to 2 Bedroom Apartments Contact Us For Availability
Hazel Ying Lee Apartments
3000 SE Powell BlvdPortland, OR 97202
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Rent Specials
$1,225 - $2,092Studio to 1 Bedroom Apartments Available Now
Division Street Lofts
4725 SE Division StPortland, OR 97206
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Rent Specials
$1,250 - $1,495Studio to 1 Bedroom Apartments Available Now
The Margot
2919 SE Division StPortland, OR 97202
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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$1,295 - $1,995Studio to 2 Bedroom Apartments Available Now
Theory 33
3325 SE Division StPortland, OR 97202
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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
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Showing Results 1-11, Page 1 of 1
Richmond, Portland, OR Local Guide
Shopping by Kyle Burris is licensed under Internal
How much does it cost to rent an apartment in Richmond?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Richmond Studio Apartments | $1,355 | $1,000 | $1,657 |
| Richmond 1 Bedroom Apartments | $1,433 | $795 | $2,092 |
| Richmond 2 Bedroom Apartments | $1,797 | $1,458 | $2,655 |
| Richmond 3 Bedroom Apartments | $4,791 | $2,499 | $7,083 |
| Richmond 4 Bedroom Apartments | $7,322 | $7,322 | $7,322 |
Browse Apartments in this Neighborhood
There are currently 11 rentals with your search options within a 2 mile radius of the Richmond Neighborhood of Portland, OR.
See all Apartments in PortlandExplore Portland
Richmond, Portland, OR Local Guide
- Nearby Portland neighborhoods
- Nearby Cities
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Cheapest Available Richmond Apartments for Rent
The cheapest available apartment rental in the Richmond area of Portland, OR is a Studio unit found at jvdv01 priced from $1,195. Division Street Lofts has the second lowest priced unit, which is a Studio apartment currently listed from $1,225. Here are the most affordable Richmond apartments for rent in Portland, OR:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| jvdv01 | 0BR/1.0BA | Studio,1BA | $1,195 |
| Division Street Lofts | Tilikum | Studio,1BA | $1,225 |
| Division Terrace | 0BR/1.0BA | Studio,1BA | $1,229 |
| The Fifty at Division | St. Johns | Studio,1BA | $1,245 |
| The Margot | 2919 SE Division Street - 402 | Studio,1BA | $1,250 |
Best Value Apartments for Rent in Richmond, OR
As of December 27, 2025 the best value apartment in the Richmond area is the $2.22 price per square foot 2 Bedroom Up Model at Waverleigh Apartments in the in the Southeast Portland neighborhood starting from $1,775. The second greatest value Richmond apartment is the 2 Bedroom 1 Bath - Upgraded Model at Creston Villa starting at $1,535 with a $1.93 price per square foot in the Southeast Portland neighborhood. Here is today’s list of the best values for Richmond apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Waverleigh Apartments | 2 Bedroom Up | 2BR,1BA | $2.22 |
| Creston Villa | 2 Bedroom 1 Bath - Upgraded | 2BR,1BA | $1.93 |
| The Anita | 2 Bedroom 1 Bathroom | 2BR,1BA | $2.52 |
| Hawthorne 44 | 1 Bedroom - 788 sq. ft. | 1BR,1BA | $2.35 |
| Clay Street Apartments | 2BR/2.0BA | 2BR,2BA | $2.78 |
| Moreland Place Apartments | 1x1 | 1BR,1BA | $2.25 |
| The Hawthorne | 1x1u | 1BR,1BA | $2.68 |
| Sunshine Portland | Urban One Bedroom B | 1BR,1BA | $2.65 |
| Theory 33 | Floor Plan Type: W | Studio ,1BA | $2.60 |
| The Fifty at Division | St. Johns | Studio ,1BA | $2.82 |
The Portland Power Commute: Top Neighborhoods for Renters Near the City’s Major Job Hubs
Balance work and life in Portland. Explore the neighborhoods for renting that offer great amenities and quick commutes to the city's top major employers. Find your Portland apartment today!
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Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleA Local Experts Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Portland
A Local Experts guide to the Best Student Friendly Neighborhoods Near Colleges in the Portland area. Find your perfect Student apartment, condo, or rental home today
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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
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Pet Friendly LifestyleRichmond, Portland, OR
Ranked #96
Among cities in Oregon for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Lifestyle Ratings
ApartmentHomeLiving.com compiles millions of data points to bring you our detailed rental search system called 'Lifestyle ratings', composed of neighborhoods, metropolitan areas, and rental properties across Oregon, including Portland. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including searching for the best amenities, and convenient access to the outdoors, apartment communities for the kids, raising pets, transit options, and much more. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!
Frequently Asked Questions about Cheap Richmond Apartments
What is the Cheapest Studio apartment in Richmond?
Currently the most affordable Cheap Studio Apartment in Richmond is at jvdv01 listed at $1,195.
How much is rent for a Cheap One Bedroom Richmond Apartment?
The lowest price for a Cheap One Bedroom Richmond Apartment is $1,339 at Division Terrace.
What is the lowest price for a Cheap Two Bedroom Richmond Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Richmond is starting from $1,395 at Creston Villa.
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!