Cheap Apartments for Rent in the Russell Neighborhood of Portland, OR from $600 (68 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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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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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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Parkway Garden Apartments
Studio to 3 Bedroom Apartments

Parkway Garden Apartments

14024-14124 NE Sandy BlvdPortland, OR 97230
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The Aurora
1 to 3 Bedroom Apartments

The Aurora

16015 SE Stark StPortland, OR 97233
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The Squire
1 to 2 Bedroom Apartments

The Squire

10315-10339 NE Fremont StPortland, OR 97220

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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seaside02
1 to 2 Bedroom Apartments

seaside02

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

Edgemont Apartments

11181-11211 NE Weidler StPortland, OR 97220
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Weidler Plaza
1 to 2 Bedroom Apartments

Weidler Plaza

10711-10751 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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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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Alder Village
Studio to 3 Bedroom Apartments

Alder Village

16000 SE Alder StPortland, OR 97233

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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Village Garden Apartments
Studio to 3 Bedroom Apartments

Village Garden Apartments

15230-15360 NE Sandy BlvdPortland, OR 97230
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Showing Results 1-50, Page 1 of 2

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. Alder Royal Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $995. Here are the most affordable Russell apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Buri BuildingStudio SIMStudio,1BA$799
Alder Royal Apartments0BR/1.0BAStudio,1BA$995
Traditions at HazelwoodB1S2BR,1BA$995
The Aurora1X11BR,1BA$1,034
Huckleberry ApartmentsStudioStudio,1BA$1,050
Wynne Watts CommonsStudioStudio,1BA$1,050
Parkview ApartmentsStudioStudio,1BA$1,050
seaside011BR/1.0BA1BR,1BA$1,095
Alder Village1BR/1.0BA1BR,1BA$1,100
Halsey Street Arms Apartments1BR 1 Bath1BR,1BA$1,100

Best Value Apartments for Rent in Russell, OR

As of September 16, 2025 the best value apartment in the Russell area is the $1.43 price per square foot 2 Bedroom Model at Cedar Tree in the in the East Portland neighborhood starting from $1,900. The second greatest value Russell apartment is the 3BR/1.5BA Model at Parkshore starting at $1,750 with a $1.47 price per square foot in the Argay 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 Tree2 Bedroom2BR,1BA$1.43
Parkshore3BR/1.5BA3BR,1.5BA$1.47
Plaza de Cedro3 bedroom3BR,2BA$1.10
Fern Grove3BR 1Bath3BR,1BA$1.39
Melrose Court ApartmentsTownhome2BR,1.5BA$1.29
Maple Meadows2BR/1.0BA2BR,1BA$1.48
Villa 162 Apartments2 Bed / 1.5 Bath2BR,1.5BA$1.36
Gateway Plaza Apartments1BD, 1BTH 45%1BR,1BA$1.33
Halsey Summit Apartments2 Bedroom, 1 Bath2BR,1BA$1.36
Gateway ParkOne Bedroom1BR,1BA$1.40

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!

Getting Around the Russell Neighborhood in Portland, OR

Walk Score®

52 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

81 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

38 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 $1,875.

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 107 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 $652 which is $1,223 cheaper than the average rent for all rentals in Russell.

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 Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.