Cheap Apartments for Rent in the Richmond Neighborhood of Portland, OR from $950 (50 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Richmond area of Portland.

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Hawthorne 44
Studio to 1 Bedroom Apartments

Hawthorne 44

1510 SE 44th AvePortland, OR 97215
  • Utilities Included
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2838 SE 35th Pl
1 Bedroom Apartments

2838 SE 35th Pl

2838 SE 35th PlPortland, OR 97202
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1529-1549 30th Ave
1 to 2 Bedroom Apartments

1529-1549 30th Ave

1529-1549 30th AvePortland, OR 97214

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.

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2881 SE Sherman St
1 to 2 Bedroom Apartments

2881 SE Sherman St

2881 SE Sherman StPortland, OR 97214
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2744 SE 35th Pl
1 to 3 Bedroom Apartments

2744 SE 35th Pl

2744 SE 35th PlPortland, OR 97202
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1604 SE 37th Ave
1 Bedroom Apartments

1604 SE 37th Ave

1604 SE 37th AvePortland, OR 97214

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.

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Tabor View Lofts
Studio to 1 Bedroom Apartments

Tabor View Lofts

2655 SE 50th AvePortland, OR 97206
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Creston Villa
1 to 3 Bedroom Apartments

Creston Villa

3608 SE 40th AvePortland, OR 97202
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Division Terrace
Studio to 1 Bedroom Apartments

Division Terrace

2880 SE Division StPortland, OR 97202
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Clinton Court
Studio to 1 Bedroom Apartments

Clinton Court

2725 SE 29th AvePortland, OR 97202
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Clay St Apartments
Studio to 2 Bedroom Apartments

Clay St Apartments

3757 SE Clay StPortland, OR 97214
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Powell
Studio to 2 Bedroom Apartments

Powell

3605 SE 38th AvePortland, OR 97202
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Margot01
Studio to 1 Bedroom Apartments

Margot01

2919 SE Division StPortland, OR 97202

Portland’s Best Affordable Neighborhoods

Learn about Portland and the best places to live with original content written by our Portland, OR Local Expert Chad Deitchley

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Artisan Apartments
Studio to 3 Bedroom Apartments

Artisan Apartments

3301 SE Division StPortland, OR 97202
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Franklin Flats
Studio to 2 Bedroom Apartments

Franklin Flats

5166 SE Division StPortland, OR 97206
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Oliver Apartments
Studio to 2 Bedroom Apartments

Oliver Apartments

4330 SE Division StPortland, OR 97206
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3339 SE Division St
Studio to 1 Bedroom Apartments

3339 SE Division St

3339 SE Division StPortland, OR 97214
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39th Place Townhomes
2 Bedroom Apartments

39th Place Townhomes

3630 SE Cesar Chavez BlvdPortland, OR 97202
  • Utilities Included

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Powell Crest
1 to 2 Bedroom Apartments

Powell Crest

3333 SE Cesar E Chavez AvePortland, OR 97202
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The Glenn
Studio to 1 Bedroom Apartments

The Glenn

3268 SE Hawthorne BlvdPortland, OR 97214
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Tabor View Terrace
Studio Apartments

Tabor View Terrace

2728-2758 SE 52nd AvePortland, OR 97206
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Pacific Court
1 to 2 Bedroom Apartments

Pacific Court

1535 SE 29thPortland, OR 97214
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Ben Hi Apartments
1 to 2 Bedroom Apartments

Ben Hi Apartments

2703 SE 51st AvePortland, OR 97206
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The Waverly Arms
Studio to 2 Bedroom Apartments

The Waverly Arms

3725 SE Rhine StPortland, OR 97202
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Hawthorne 41
1 to 2 Bedroom Apartments

Hawthorne 41

1525 SE 41st AvePortland, OR 97214

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Showing Results 1-50, Page 1 of 1

Richmond, Portland, OR Local Guide

Cheapest Available Richmond Apartments for Rent

 

The cheapest available apartment rental in the Richmond area of Portland, OR is a Studio unit found at Hazel Ying Lee Apartments priced from $950. Anthology on Division has the second lowest priced unit, which is a Studio apartment currently listed from $1,245. Here are the most affordable Richmond apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Hazel Ying Lee ApartmentsStudioStudio,1BA$950
Anthology on DivisionStudio - HStudio,1BA$1,245
Powell Gardens Apartments1 Bed 1 Bath1BR,1BA$1,295
Artisan Apartments0x1BStudio,1BA$1,399
Sunshine PortlandUrban One Bedroom A1BR,1BA$1,400
Crown Point Apartments2 Beds, 1 Baths2BR,1BA$1,400
Moreland Place Apartments1BR/1.0BA1BR,1BA$1,475
The Hawthorne1x1a1BR,1BA$1,495

Best Value Apartments for Rent in Richmond, OR

As of August 24, 2026 the best value apartment in the Richmond area is the $1.27 price per square foot 2 Beds, 1 Baths Model at Crown Point Apartments in the in the Southeast Portland neighborhood starting from $1,400. The second greatest value Richmond apartment is the 1X1C Model at Artisan Apartments starting at $1,899 with a $2.81 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Crown Point Apartments2 Beds, 1 Baths2BR,1BA$1.27
Artisan Apartments1X1C1BR,1BA$2.81
Moreland Place Apartments1BR/1.0BA1BR,1BA$2.46
The Hawthorne1x1u1BR,1BA$2.68
Sunshine PortlandUrban One Bedroom B1BR,1BA$2.65
Powell Gardens Apartments1 Bed 1 Bath1BR,1BA$2.56
3924 SE Grant Ct, Unit C3924 SE Grant CtStudio ,1BA$3.50
Hazel Ying Lee ApartmentsStudioStudio ,1BA$2.22
Anthology on DivisionStudio - HStudio ,1BA$3.41

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.

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A 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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Pet Friendly Lifestyle
Richmond, Portland, OR

Ranked #121

Among cities in Oregon for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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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 a cheap apartment in Richmond?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Richmond is under $1,495.

What is the price of a cheap apartment in Richmond?

The cheapest apartment in Richmond is Powell Gardens Apartments which is listed at $1,295, while the average apartment in Richmond costs $1,500.

What types of apartments are the cheapest in Richmond?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 6 regular apartments in Richmond that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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

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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.

decorative image for The Portland Power Commute: Top Neighborhoods for Renters Near the City’s Major Job Hubs article

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.

decorative image for Local Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Portland article

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.

decorative image for A Portland Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent article

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

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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.

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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.

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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.

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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.