
Cheap Homes for Rent in Richmond Neighborhood of Portland, OR from $1,200 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the Richmond area of Portland.


1738 SE 38th Ave
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.

3737 SE Cesar Estrada Chavez Blvd

4157 SE Brooklyn St, Unit West Roost with parlor
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

2522 SE 29th Ave
Richmond, Portland, OR Local Guide

How much does it cost to rent a home in Richmond?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Richmond 2 Bedroom Homes for Rent | $3,745 | $3,745 | $3,745 |
Richmond 3 Bedroom Homes for Rent | $3,800 | $3,800 | $3,800 |
Richmond 4 Bedroom Homes for Rent | $4,195 | $4,195 | $4,195 |
Browse Homes for Rent in this Neighborhood
There are currently 5 rentals with your search options within a 2 mile radius of the Richmond Neighborhood of Portland, OR.
Explore Portland
Richmond, Portland, OR Local Guide
- Nearby Portland neighborhoods
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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 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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Hazel Ying Lee Apartments | Studio | Studio,1BA | $950 |
Analog PDX | Studio B | Studio,1BA | $1,124 |
The Margot | 2919 SE Division Street - 402 | Studio,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Park Avenue West | Unit J | 1BR,1BA | $2.48 |
Creston Villa | 3 Bedroom 1 Bath | 3BR,1BA | $1.68 |
Hawthorne 44 | 1 Bedroom - 858 sq. ft. | 1BR,1BA | $2.16 |
Sunshine Portland | Two Bedroom | 2BR,1BA | $2.30 |
Waverleigh Apartments | 2 Bedroom Up | 2BR,1BA | $2.12 |
Moreland Place Apartments | 2x1RV | 2BR,1BA | $2.11 |
The Hawthorne | 1x1a | 1BR,1BA | $2.75 |
Theory 33 | Floor Plan Type: V | 1BR,1BA | $2.67 |
The Fifty at Division | Burnside | Studio ,1BA | $2.56 |
Hazel Ying Lee Apartments | Studio | Studio ,1BA | $2.22 |
Quick Rent Budget Calculator
How much rent can you afford?
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.
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.

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 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.

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.

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.