Cheap Apartments for Rent in the Russell Neighborhood of Portland, OR from $500 (131 Rentals)

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

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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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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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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Greenview Terrace
1 to 2 Bedroom Apartments

Greenview Terrace

620 SE 148th AvePortland, OR 97233

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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The Alicia Apartments
Studio to 2 Bedroom Apartments

The Alicia Apartments

10304-10308 NE Wygant StPortland, OR 97220
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The Alexis Apartments
Studio to 3 Bedroom Apartments

The Alexis Apartments

15075 SE Stark StPortland, OR 97233
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Eastgate Station
1 to 4 Bedroom Apartments

Eastgate Station

100 NE 120th AvePortland, OR 97220
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Hazel Heights
1 to 2 Bedroom Apartments

Hazel Heights

12621 SE Stark StPortland, OR 97233
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Parkrose Terrace
Studio to 1 Bedroom Apartments

Parkrose Terrace

10235 NE Prescott StPortland, OR 97220
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The Bria Apartments
1 to 2 Bedroom Apartments

The Bria Apartments

30 NE 146th AvePortland, OR 97230
  • Utilities Included

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 Studio unit found at Buri Building priced from $799. TimberView Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $899. Here are the most affordable Russell apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Buri BuildingStudio SIMStudio,1BA$799
TimberView ApartmentsStudioStudio,1BA$899
Ascot Firs1BR/1.0BA1BR,1BA$995
Madison at ParkroseWeidler - The IrvingStudio,1BA$1,015
Glendoveer Woods ApartmentsStudio NO Washer & DryerStudio,1BA$1,019
The RoseStudio 60%Studio,1BA$1,025
Pine Point Apartments1x11BR,1BA$1,027
The Aurora1X11BR,1BA$1,034
Fir Haven1 Bed 1 Bath1BR,1BA$1,045
Edgemont ApartmentsStudioStudio,1BA$1,045

Best Value Apartments for Rent in Russell, OR

As of August 21, 2026 the best value apartment in the Russell area is the $1.52 price per square foot 3 Bed 2 Bath Model at Crown East Apartments in the in the East Portland neighborhood starting from $1,700. The second greatest value Russell apartment is the 2x2 Renovated Model at One24 starting at $1,491 with a $1.47 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.
Crown East Apartments3 Bed 2 Bath3BR,2BA$1.52
One242x2 Renovated2BR,2BA$1.47
Glenfair Park Apartments2BR/1.5BA2BR,1.5BA$1.50
eastburn2BR/1.0BA2BR,1BA$1.22
Red Rose Manor2BR2B2BR,2BA$1.45
423 SE 143rd Avenue1BR/1.0BA1BR,1BA$1.22
Rochelle Apartments2 Bedroom, 1 Bath2BR,1BA$1.51
Halsey Summit Apartments2 Bedroom, 1 Bath2BR,1BA$1.30
McKenzie Court Apartments2BR/1.0BA2BR,1BA$1.54
Pine Point Apartments1x11BR,1BA$1.48

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 #52

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 $1,045.

What is the price of a cheap apartment in Russell?

The cheapest apartment in Russell is Ascot Firs which is listed at $995, while the average apartment in Russell costs $1,295.

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 83 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 $555 which is $740 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

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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.

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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 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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.