Cheap Homes for Rent in Richmond Neighborhood of Portland, OR from $1,200 (5 Rentals)

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

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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. Analog PDX has the second lowest priced unit, which is a Studio apartment currently listed from $1,124. Here are the most affordable Richmond apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Hazel Ying Lee ApartmentsStudioStudio,1BA$950
Analog PDXStudio BStudio,1BA$1,124
The Margot2919 SE Division Street - 402Studio,1BA$1,250

Best Value Apartments for Rent in Richmond, OR

As of June 05, 2025 the best value apartment in the Richmond area is the $2.48 price per square foot Unit J Model at Park Avenue West in the in the Hosford-Abernathy neighborhood starting from $2,795. The second greatest value Richmond apartment is the 3 Bedroom 1 Bath Model at Creston Villa starting at $1,895 with a $1.68 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.
Park Avenue WestUnit J1BR,1BA$2.48
Creston Villa3 Bedroom 1 Bath3BR,1BA$1.68
Hawthorne 441 Bedroom - 858 sq. ft.1BR,1BA$2.16
Sunshine PortlandTwo Bedroom2BR,1BA$2.30
Waverleigh Apartments2 Bedroom Up2BR,1BA$2.12
Moreland Place Apartments2x1RV2BR,1BA$2.11
The Hawthorne1x1a1BR,1BA$2.75
Theory 33Floor Plan Type: V1BR,1BA$2.67
The Fifty at DivisionBurnsideStudio ,1BA$2.56
Hazel Ying Lee ApartmentsStudioStudio ,1BA$2.22

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Frequently Asked Questions about Richmond

What type of rentals are currently available in Richmond?

There are currently 127 Apartments for Rent in Richmond, OR with pricing that ranges from $685 to $9,214. There are also 8 Single Family Homes for rent, Condos, and Townhome rentals currently available in Richmond ranging from $1,295 to $4,195.

What is the current price range for Rental Homes in Richmond?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Richmond ranges from $1,295 to $4,195 with an average monthly rent of $3,318.

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.

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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.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.