Cheap Apartments for Rent in the Russell Neighborhood of Portland, OR from $600 (66 Rentals)

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

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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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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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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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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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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Parkway Garden Apartments
Studio to 3 Bedroom Apartments

Parkway Garden Apartments

14024-14124 NE Sandy BlvdPortland, OR 97230
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The Bria Apartments
1 to 2 Bedroom Apartments

The Bria Apartments

30 NE 146th AvePortland, OR 97230
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The Squire
1 to 2 Bedroom Apartments

The Squire

10315-10339 NE Fremont StPortland, OR 97220
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Wynne Watts Commons
Studio to 3 Bedroom Apartments

Wynne Watts Commons

928 NE 162nd AvePortland, OR 97230
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The Nick Fish
Studio to 2 Bedroom Apartments

The Nick Fish

10550 NE Halsey StPortland, OR 97220

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.

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Edgemont Apartments
Studio to 2 Bedroom Apartments

Edgemont Apartments

11181-11211 NE Weidler StPortland, OR 97220
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Jackson Court
1 to 3 Bedroom Apartments

Jackson Court

1313 NE 131st PlPortland, OR 97230
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seaside02
1 to 2 Bedroom Apartments

seaside02

131-149 SE 151st AvePortland, OR 97233
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Eastgate Apartments
Studio to 2 Bedroom Apartments

Eastgate Apartments

123-229 SE 97th AvePortland, OR 97216
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Rose Apartments
1 to 3 Bedroom Apartments

Rose Apartments

1200 SE 162nd AvePortland, OR 97233
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Emerald Park Apartments
1 to 3 Bedroom Apartments

Emerald Park Apartments

646-664 SE 148th AvePortland, OR 97233
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Greenview Village
1 to 2 Bedroom Apartments

Greenview Village

14998 SE Stark StPortland, OR 97233
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Weidler Plaza
1 to 2 Bedroom Apartments

Weidler Plaza

10711-10751 NE Weidler StPortland, OR 97220
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Village Garden Apartments
Studio to 3 Bedroom Apartments

Village Garden Apartments

15230-15360 NE Sandy BlvdPortland, OR 97230
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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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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. Madison at Parkrose has the second lowest priced unit, which is a Studio apartment currently listed from $900. Here are the most affordable Russell apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Buri BuildingStudio SIMStudio,1BA$799
Madison at ParkroseStudioStudio,1BA$900
Glendoveer Woods ApartmentsSpacious Studio NO Washer & DryerStudio,1BA$959
Wy'East PlazastudioStudio,1BA$1,001
Huckleberry ApartmentsStudioStudio,1BA$1,050
Wynne Watts CommonsStudioStudio,1BA$1,050
Eastgate Apartments1X11BR,1BA$1,095
seaside011BR/1.0BA1BR,1BA$1,095
Windsor Court Apartments1 Bedroom1BR,1BA$1,099
Alder Royal Apartments0BR/1.0BAStudio,1BA$1,100

Best Value Apartments for Rent in Russell, OR

As of March 13, 2026 the best value apartment in the Russell area is the $1.02 price per square foot 3BD/2.5BTH Model at Cedar Tree in the in the East Portland neighborhood starting from $1,999. The second greatest value Russell apartment is the 3BR/2.0BA Model at Stunning 3-bed/2-bath apartments, close to public transit starting at $1,700 with a $1.42 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.
Cedar Tree3BD/2.5BTH3BR,2.5BA$1.02
Stunning 3-bed/2-bath apartments, close to public transit3BR/2.0BA3BR,2BA$1.42
Plaza de Cedro3 bedroom3BR,2BA$1.10
Imperial House2BR/1.0BA2BR,1BA$1.38
Villa 162 Apartments2 Bed / 1.5 Bath2BR,1.5BA$1.36
seaside011BR/1.0BA1BR,1BA$1.15
Executive 18012BR/1.0BA2BR,1BA$1.44
Terracina VistaTwo Bedroom2BR,1BA$1.38
SAGEWOOD ESTATES2 Bed 1 Bath B2BR,1BA$1.40
Windsor Manor Apartments2 Bedroom, 1 Bath sm2BR,1BA$1.29

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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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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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Pet Friendly Lifestyle
Russell, Portland, OR

Ranked #39

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 $1,100.

What is the price of a cheap apartment in Russell?

The cheapest apartment in Russell is Buri Building which is listed at $978, while the average apartment in Russell costs $3,500.

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 85 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 $561 which is $2,939 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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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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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.