Cheap Apartments for Rent in the South Eliot Neighborhood of Portland, OR from $500 (427 Rentals)

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Search the lowest-cost Apartments available for rent right now in the South Eliot 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 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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property at 2007 NE Broadway

$1,015 - $1,625

Studio To 2 Bedroom Rentals

Available Now

2007 NE Broadway

PortlandOR97232

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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South Eliot, Portland, OR Local Guide

Cheapest Available South Eliot Apartments for Rent

 

The cheapest available apartment rental in the South Eliot area of Portland, OR is a Studio unit found at Modern Rich Apartments priced from $649. Fountain Place Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $680. Here are the most affordable South Eliot apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Modern Rich Apartments0BR/1.0BAStudio,1BA$649
Fountain Place ApartmentsMicro StudioStudio,1BA$680
Park TerraceOne Bedroom One Bathroom Unit Income and rent r...1BR,1BA$729
Hamilton WestEff StudioStudio,1BA$757
5th Avenue Place ApartmentsStudioStudio,1BA$795
The Yards at Union StationSTUDIO BStudio,1BA$799
Albina Plaza0 Bedroom 1 BathStudio,1BA$856
Regency ApartmentsStudio AStudio,1BA$875
Morrison Park Apartments0BR/1.0BAStudio,1BA$875
Maya Angelou1 Bedroom 1 Bath1BR,1BA$885

Best Value Apartments for Rent in South Eliot, OR

As of January 01, 2026 the best value apartment in the South Eliot area is the $1.53 price per square foot 4 Bed 4 Bath Model at 140 Sacramento Townhomes in the in the Northeast Portland neighborhood starting from $3,900. The second greatest value South Eliot apartment is the Studio or Loft Model at Belmont Dairy Apartments and Lofts starting at $1,258 with a $0.85 price per square foot in the Southeast Portland neighborhood. Here is today’s list of the best values for South Eliot apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
140 Sacramento Townhomes4 Bed 4 Bath4BR,4BA$1.53
Belmont Dairy Apartments and LoftsStudio or LoftStudio ,1BA$0.85
Gallery Park ApartmentsTwo Bedroom2BR,2BA$1.50
Portland Terrace2 bedroom 1 bath2BR,1BA$1.62
Victorian Apartments1BR/1.0BA1BR,1BA$1.57
Pine Cone Apartments1bed1bath1BR,1BA$1.62
Albina Plaza0 Bedroom 1 BathStudio ,1BA$1.43
Dawson Park Apartments1 Bdrm1BR,1BA$1.56
Maya Angelou1 Bedroom 1 Bath1BR,1BA$1.49
Park TerraceOne Bedroom One Bathroom Unit Income and rent r...1BR,1BA$1.35

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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Quick Rent Budget Calculator

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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
South Eliot, Portland, OR

Ranked #1

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
South Eliot, 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 show you the best fit for your needs and interests. This takes in many factors including rankings of the best places for easy access to the parks, luxury amenities, pet-friendly features, places to raise kids, proximity to transit, and other valuable search options. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap South Eliot Apartments

What is a cheap apartment in South Eliot?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in South Eliot is under $885.

What is the price of a cheap apartment in South Eliot?

The cheapest apartment in South Eliot is Park Terrace which is listed at $729, while the average apartment in South Eliot costs $15,521.

What types of apartments are the cheapest in South Eliot?

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 217 regular apartments in South Eliot 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 South Eliot?

Cheap apartments in South Eliot have an average cost of $207 which is $15,314 cheaper than the average rent for all rentals in South Eliot.

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.

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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.

Articles, How-To's, and Tips

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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!