Cheap Apartments for Rent in the University Park Neighborhood of Portland, OR from $700 (18 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

close
View Me
Clifden
1 to 2 Bedroom Apartments

Clifden

8415 N Fessenden StPortland, OR 97203
  • Smoke Free
close
View Me
Cathedral Village
Studio to 3 Bedroom Apartments

Cathedral Village

6520 N Salem AvePortland, OR 97203
  • Utilities Included

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.

close
View Me
Syracuse
Studio to 4 Bedroom Apartments

Syracuse

7210 N Burlington AvePortland, OR 97203
close
View Me
North Louie
Studio to 2 Bedroom Apartments

North Louie

7448 N Saint Louis AvePortland, OR 97203
close
View Me
yanke01
1 to 2 Bedroom Apartments

yanke01

9222 N Lombard StPortland, OR 97203
  • Utilities Included
close
View Me
St. Johns Townhomes
Studio to 2 Bedroom Apartments

St. Johns Townhomes

8527-8537 N Saint Louis AvePortland, OR 97203
close
View Me
The Bluffs
Studio to 2 Bedroom Apartments

The Bluffs

5150 N Lombard StPortland, OR 97203

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.

close
View Me
Willamette View
1 to 2 Bedroom Apartments

Willamette View

6804-6838 N Richmond AvePortland, OR 97203
  • Utilities Included
close
View Me
The Kennedy
1 to 2 Bedroom Apartments

The Kennedy

2171 N Rosa Parks WayPortland, OR 97217
  • Utilities Included
close
View Me
Overlook Flats
1 to 2 Bedroom Apartments

Overlook Flats

5780 N Greeley AvePortland, OR 97217
close
View Me
Bridger Commons
1 to 2 Bedroom Apartments

Bridger Commons

8922 N Kellogg StPortland, OR 97203
close
View Me
Ivanhoe (1 & 2)
Studio to 2 Bedroom Apartments

Ivanhoe (1 & 2)

8510 N Ivanhoe StPortland, OR 97203

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.

University Park, Portland, OR Local Guide

Cheapest Available University Park Apartments for Rent

 

The cheapest available apartment rental in the University Park area of Portland, OR is a Studio unit found at 8926-8928 N Lombard St priced from $750. Kenton Commons has the second lowest priced unit, which is a Studio apartment currently listed from $950. Here are the most affordable University Park apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
8926-8928 N Lombard StB SUITEStudio,$750
Kenton CommonsStudioStudio,1BA$950
The BluffsStudioStudio,1BA$1,099
Bridgeview Apartments1BR/1.0BA1BR,1BA$1,106
Overlook 27301BR/1.0BA1BR,1BA$1,195

Best Value Apartments for Rent in University Park, OR

As of February 13, 2026 the best value apartment in the University Park area is the $1.84 price per square foot Two Bed One Bath Model at Cathedral Village in the in the Northwest Portland neighborhood starting from $1,456. The second greatest value University Park apartment is the 9512 N Oswego Ave Model at 9512 N Oswego Ave, Unit 2 starting at $1,370 with a $1.86 price per square foot in the Northwest Portland neighborhood. Here is today’s list of the best values for University Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Cathedral VillageTwo Bed One Bath2BR,1BA$1.84
9512 N Oswego Ave, Unit 29512 N Oswego Ave2BR,1BA$1.86
9512 Oswego N Ave, Unit 79512 Oswego N Ave2BR,1BA$1.93
Bridgeview Apartments1BR/1.0BA1BR,1BA$1.60
6640 N Amherst St, Unit B6640 N Amherst St1BR,1BA$1.92
The Union at St John's.B11BR,1BA$2.41
West Lombard1BR/1.0BA1BR,1BA$2.25
Harrison Square Apartments1 Bedroom / 1.0 Bath -1BR,1BA$2.52
Kenton Commons1 Level LoftStudio ,1BA$1.88
Ivanhoe (1 & 2)StudioStudio ,1BA$2.36

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!

Read Article
Decorative image

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.

Read Article
Decorative image

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.

Read Article
Decorative image

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.

Read Article
Decorative image

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

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
University Park, Portland, OR

Ranked #84

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

decorative image of woman handing cat to small boy

Frequently Asked Questions about Cheap University Park Apartments

What is the Cheapest Studio apartment in University Park?

Currently the most affordable Cheap Studio Apartment in University Park is at 8926-8928 N Lombard St listed at $750.

How much is rent for a Cheap One Bedroom University Park Apartment?

The lowest price for a Cheap One Bedroom University Park Apartment is $1,106 at Bridgeview Apartments.

What is the lowest price for a Cheap Two Bedroom University Park Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in University Park is starting from $1,450 at Kenton Commons.

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

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.

decorative image for Local Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Portland article

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.

Articles, How-To's, and Tips

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.

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

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.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

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.