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$950 - $1,458Studio to 2 Bedroom Apartments Available Now
Hazel Ying Lee Apartments
3000 SE Powell BlvdPortland, OR 97202
Cheap Apartments for Rent in the Richmond Neighborhood of Portland, OR from $900 (10 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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Rent Specials
$1,250 - $1,495Studio to 1 Bedroom Apartments Available Now
The Margot
2919 SE Division StPortland, OR 97202
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Rent Specials
$1,258 - $1,447Studio to 1 Bedroom Apartments Available Now
Division Street Lofts
4725 SE Division StPortland, OR 97206
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 - $2,295Studio 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.
Showing Results 1-10, 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 | $1,341 | $950 | $1,633 |
| Richmond 1 Bedroom Apartments | $1,438 | $1,218 | $1,595 |
| Richmond 2 Bedroom Apartments | $1,711 | $1,450 | $2,295 |
Browse Apartments in this Neighborhood
There are currently 10 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
- ZIP codes
- Local Counties
- School Districts
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. The Fifty at 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Hazel Ying Lee Apartments | Studio | Studio,1BA | $950 |
| 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 September 19, 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 2x1RV Model at Moreland Place Apartments starting at $1,650 with a $2.24 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 |
| Moreland Place Apartments | 2x1RV | 2BR,1BA | $2.24 |
| Theory 33 | Floor Plan Type: U | 1BR,1BA | $2.75 |
| Sunshine Portland | Urban One Bedroom A | 1BR,1BA | $2.47 |
| Artisan Apartments | 0x1A | Studio ,1BA | $2.92 |
| Division Terrace | 1BR/1.0BA | 1BR,1BA | $2.59 |
| Tabor View Lofts | Laurelhurst | Studio ,1BA | $2.92 |
| The Fifty at Division | St. Johns | Studio ,1BA | $2.82 |
| Division Street Lofts | Morrison | Studio ,1BA | $3.03 |
| Hazel Ying Lee Apartments | Studio | Studio ,1BA | $2.22 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleRichmond, Portland, OR
Ranked #99
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!
Getting Around the Richmond Neighborhood in Portland, OR
Walk Score®
94 / 100
Walker’s Paradise
Daily errands do not require a car
Bike Score®
97 / 100
Biker's Paradise
Daily errands can be accomplished on a bike
Transit Score®
52 / 100
Good Transit
Many nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 $1,400.
What is the price of a cheap apartment in Richmond?
The cheapest apartment in Richmond is Division Terrace which is listed at $1,339, while the average apartment in Richmond costs $1,622.
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 1 regular apartments in Richmond that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.
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.
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.