Apartments for Rent in the University Park Neighborhood of Portland, OR (285 Rentals)

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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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The Melrose Apartments
Rent Specials
$1,200 - $1,449

Total Monthly Price

Base Rent$1,200 - $1,449
Total Monthly PriceVaries
1 to 3 Bedroom Apartments Available Now

The Melrose Apartments

6734 N Fessenden StPortland, OR 97203
Affordability
  • Verified
  • Customer Reviewed
  • 3D Tour

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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property at 6201 N Amherst St
$3,200

Total Monthly Price

Base Rent$3,200
Total Monthly Price$3,200
2 Bedroom, 2.5 Bath Home for Rent
Available Now
Furnished

6201 N Amherst St

PortlandOR97203
property at 5327 N Bowdoin St
$2,395

Total Monthly Price

Base Rent$2,395
Total Monthly Price$2,395
2 Bedroom, 1 Bath Home for Rent
Available Now

5327 N Bowdoin St

PortlandOR97203
  • Smoke Free
property at 7187 N Fiske Ave
$2,500

Total Monthly Price

Base Rent$2,500
Total Monthly Price$2,500
2 Bedroom, 2 Bath Home for Rent
Available Now
Luxury

7187 N Fiske Ave

PortlandOR97203
  • Smoke Free
property at 7138 N Central St
$2,200

Total Monthly Price

Base Rent$2,200
Total Monthly Price$2,200
2 Bedroom, 1 Bath Home for Rent
Available Now

7138 N Central St

PortlandOR97203
property at 3933 N Willis Blvd
$2,400

Total Monthly Price

Base Rent$2,400
Total Monthly Price$2,400
1 Bedroom, 1 Bath Home for Rent
Available Now
Cost Per Sq.Ft.

3933 N Willis Blvd

PortlandOR97217
property at 7474 N Oswego Ave
$2,699

Total Monthly Price

Base Rent$2,699
Total Monthly Price$2,699
2 Bedroom, 1.5 Bath Townhome for Rent
Available Now
Furnished

7474 N Oswego Ave

PortlandOR97203
property at 8502 N Central St
$2,950

Total Monthly Price

Base Rent$2,950
Total Monthly Price$2,950
3 Bedroom, 2.5 Bath Townhome for Rent
Available Sep 7

8502 N Central St

PortlandOR97203
property at 2722 N Winchell St
$2,900

Total Monthly Price

Base Rent$2,900
Total Monthly Price$2,900
1 Bedroom, 1 Bath Home for Rent
Available Now
Furnished

2722 N Winchell St

PortlandOR97217
property at 5605 N Gay Ave
$2,025

Total Monthly Price

Base Rent$2,025
Total Monthly Price$2,025
1 Bedroom, 1 Bath Home for Rent
Available Now
Affordability

5605 N Gay Ave

PortlandOR97217
  • Smoke Free

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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University Park - One of the Best Affordable Neighborhoods in Portland

Named as one of the Best Affordable Neighborhoods to rent in Portland by our Portland, OR Local Expert Chad Deitchley. See how it ranks!

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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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Showing Results 1-50, Page 1 of 6

University Park, Portland, OR Local Guide

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.

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

Tour smarter and choose with confidence. Get the essential 18 questions that reveal the truth about a rental property's maintenance, utilities, and safety.

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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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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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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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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
University Park, Portland, OR

Ranked #80

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Best Local Schools in
University Park, Portland, OR

School data provided by Great Schools

Frequently Asked Questions about University Park

What is the current pricing and availability for apartments for rent in the University Park area of Portland, OR?

As of today, September 05, 2026, there are currently 285 available University Park apartments priced from $950 to $2,995, with an average monthly rent of $1,533.

How much are Studio apartments in University Park?

There are currently 83 Studio Apartments in University Park with rent ranges from $950 to $1,490 with an average price of $1,237.

What is the current price range for One Bedroom University Park Apartments for rent?

Today's rental pricing for One Bedroom Apartments in University Park ranges from $1,106 to $1,900 with an average monthly rent of $1,449.

What does renting a Two Bedroom Apartment in University Park cost?

The monthly rent prices of Two Bedroom Apartments currently available in University Park range from $1,370 to $2,395. Today's average rental price for Two Bedrooms here is $1,590.

How expensive are University Park Three Bedroom Apartments?

There are currently 38 Three Bedroom Apartments listings available in University Park on ApartmentHomeLiving.com. The pricing ranges from $1,785 to $2,000 - averaging $1,853 for the location.

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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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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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.