Cheap Apartments for Rent in the Russell Neighborhood of Portland, OR from $500 (169 Rentals)

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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property at 17139 SE Salmon St

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100
Total Monthly Price
$1,100

Studio, 1.5 Bath Home for Rent

Available Now

17139 SE Salmon St

PortlandOR97233
property at 17139 SE Salmon St

$1,150

Total Monthly Price

Total Monthly Price

Base Rent
$1,150
Total Monthly Price
$1,150

Studio, 1 Bath Home for Rent

Available Jul 1

17139 SE Salmon St

PortlandOR97233

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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Cash 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.

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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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Aspire Columbia Ridge
Rent Specials
$1,479 - $2,295
Total Monthly Price

Total Monthly Price

Base Rent
$1,479 - $2,295
Total Monthly Price
Varies
2 to 3 Bedroom Apartments Available Now

Aspire Columbia Ridge

15910 NE Sandy BlvdPortland, OR 97230
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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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Russell, Portland, OR Local Guide

Cheapest Available Russell Apartments for Rent

 

The cheapest available apartment rental in the Russell area of Portland, OR is a 1 Bed unit found at Pine Point Apartments priced from $562. East Stark Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $700. Here are the most affordable Russell apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Pine Point Apartments1x11BR,1BA$562
East Stark ApartmentsStudioStudio,1BA$700
Madison at Parkrose108th - The MadisonStudio,1BA$925
seaside021BR/1.0BA1BR,1BA$995
Alder Royal Apartments0BR/1.0BAStudio,1BA$1,000
Wy'East PlazastudioStudio,1BA$1,001
Huckleberry ApartmentsStudioStudio,1BA$1,050
Glendoveer Woods ApartmentsSpacious Studio NO Washer & DryerStudio,1BA$1,088
Edgemont ApartmentsStudioStudio,1BA$1,095
Sandy Terrace Apartments1BR/1.0BA1BR,1BA$1,149

Best Value Apartments for Rent in Russell, OR

As of June 18, 2026 the best value apartment in the Russell area is the $1.49 price per square foot 3BR/2.0BA Model at Imperial House in the in the East Portland neighborhood starting from $2,195. The second greatest value Russell apartment is the 2BR/1.0BA Model at Maple Meadows Apartments starting at $1,400 with a $1.40 price per square foot in the East Portland neighborhood. Here is today’s list of the best values for Russell apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Imperial House3BR/2.0BA3BR,2BA$1.49
Maple Meadows Apartments2BR/1.0BA2BR,1BA$1.40
Windsor Court Apartments2 Bedroom Loft2BR,2BA$1.40
Firwood Station2 Bed 1 Bath2BR,1BA$1.21
Red Rose Manor2BR2B2BR,2BA$1.45
Halsey Summit Apartments2 Bedroom, 1 Bath2BR,1BA$1.36
Greenview Village2BR/1.0BA2BR,1BA$1.43
Windsor Manor Apartments2 Bedroom, 1 Bath sm2BR,1BA$1.47
seaside011BR/1.0BA1BR,1BA$1.35
Pine Point Apartments1x11BR,1BA$0.81

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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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.

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Pet Friendly Lifestyle
Russell, Portland, OR

Ranked #42

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Russell, Portland, OR

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals and neighborhoods across the USA, 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 rankings of the best places for convenient access to the outdoors, luxury amenities, pet-friendly features, places that make kids happy, proximity to transit, in addition to floorplans, availablity, and pricing. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Russell Apartments

What is a cheap apartment in Russell?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Russell is under $1,149.

What is the price of a cheap apartment in Russell?

The cheapest apartment in Russell is Pine Point Apartments which is listed at $562, while the average apartment in Russell costs $1,995.

What types of apartments are the cheapest in Russell?

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 81 regular apartments in Russell that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Russell?

Cheap apartments in Russell have an average cost of $518 which is $1,477 cheaper than the average rent for all rentals in Russell.

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

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.

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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 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.

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From Arts to Eats: A Local Insiders 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.

Articles, How-To's, and Tips

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.