
Cheap Apartments for Rent in the University Park Neighborhood of Portland, OR from $700 (18 Rentals)
Search the lowest-cost Apartments available for rent right now in the University Park area of Portland.


Bridgeview Apartments

Overlook 2730

8926-8928 N Lombard St

Clifden

Cathedral Village
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Syracuse

North Louie

8770 N Willamette Blvd

yanke01

St. Johns Townhomes

The Bluffs
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Central Chalet Apartments

Willamette View

The Kennedy

Overlook Flats

Bridger Commons

Ivanhoe (1 & 2)
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University Park, Portland, OR Local Guide

How much does it cost to rent an apartment in University Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| University Park Studio Apartments | $1,306 | $1,000 | $1,600 |
| University Park 1 Bedroom Apartments | $1,446 | $1,106 | $1,950 |
| University Park 2 Bedroom Apartments | $1,705 | $1,300 | $2,295 |
| University Park 3 Bedroom Apartments | $2,312 | $1,699 | $3,195 |
Browse Apartments in this Neighborhood
There are currently 18 rentals with your search options within a 2 mile radius of the University Park Neighborhood of Portland, OR.
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University Park, Portland, OR Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 8926-8928 N Lombard St | B SUITE | Studio, | $750 |
| Kenton Commons | Studio | Studio,1BA | $950 |
| The Bluffs | Studio | Studio,1BA | $1,099 |
| Bridgeview Apartments | 1BR/1.0BA | 1BR,1BA | $1,106 |
| Overlook 2730 | 1BR/1.0BA | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Cathedral Village | Two Bed One Bath | 2BR,1BA | $1.84 |
| 9512 N Oswego Ave, Unit 2 | 9512 N Oswego Ave | 2BR,1BA | $1.86 |
| 9512 Oswego N Ave, Unit 7 | 9512 Oswego N Ave | 2BR,1BA | $1.93 |
| Bridgeview Apartments | 1BR/1.0BA | 1BR,1BA | $1.60 |
| 6640 N Amherst St, Unit B | 6640 N Amherst St | 1BR,1BA | $1.92 |
| The Union at St John's. | B1 | 1BR,1BA | $2.41 |
| West Lombard | 1BR/1.0BA | 1BR,1BA | $2.25 |
| Harrison Square Apartments | 1 Bedroom / 1.0 Bath - | 1BR,1BA | $2.52 |
| Kenton Commons | 1 Level Loft | Studio ,1BA | $1.88 |
| Ivanhoe (1 & 2) | Studio | Studio ,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 ArticleDon'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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
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Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
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Read ArticleA 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 ArticleQuick 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.
Pet Friendly LifestyleUniversity Park, Portland, OR
Ranked #84
Among cities in Oregon for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Best Local Schools in University Park, Portland, OR
School data provided by Great Schools
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

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.

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.

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

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.

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.

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.

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.