
Cheap Apartments for Rent in the University Park Neighborhood of Portland, OR from $900 (26 Rentals)
Search the lowest-cost Apartments available for rent right now in the University Park area of Portland.


5511 N Denver Ave

Central Chalet Apartments

Bridgeview Apartments

8007-8015 N Denver Ave

Parkside Commons
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8635 N Leonard St

7411 N Vincent Ave, Unit B

Cathedral Park Apartments
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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 | $1,282 | $1,100 | $1,450 |
| University Park 1 Bedroom Apartments | $1,454 | $1,095 | $1,900 |
| University Park 2 Bedroom Apartments | $1,557 | $1,300 | $1,950 |
| University Park 3 Bedroom Apartments | $2,062 | $1,599 | $2,695 |
Browse Apartments in this Neighborhood
There are currently 26 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
- Nearby Portland neighborhoods
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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 Kenton Commons priced from $950. Cathedral Village has the second lowest priced unit, which is a Studio apartment currently listed from $999. Here are the most affordable University Park apartments for rent in Portland, OR:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Kenton Commons | Studio | Studio,1BA | $950 |
| Cathedral Village | Studio | Studio,1BA | $999 |
| The Bluffs | Studio | Studio,1BA | $999 |
| Central Chalet Apartments | 1BR 1 Bath | 1BR,1BA | $1,100 |
| Cathedral Park | 1 bedroom, 1 bath 516 sqft | 1BR,1BA | $1,215 |
| Greeley Court | 1BR/1.0BA | 1BR,1BA | $1,299 |
| Cathedral Park Apartments | 2BR/1.0BA | 2BR,1BA | $1,300 |
| Marvel 29 | 1X1E - 1 BEDROOM - 1 BATH | 1BR,1BA | $1,303 |
| The Melrose Apartments | 2 Bedroom | 2BR,1BA | $1,399 |
Best Value Apartments for Rent in University Park, OR
As of November 03, 2025 the best value apartment in the University Park area is the $1.99 price per square foot 3x1 Model at Park Place North Apartments in the in the Northwest Portland neighborhood starting from $1,795. The second greatest value University Park apartment is the 2BR1B Model at Cimarron Apartments starting at $1,450 with a $1.71 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. |
|---|---|---|---|
| Park Place North Apartments | 3x1 | 3BR,1BA | $1.99 |
| Cimarron Apartments | 2BR1B | 2BR,1BA | $1.71 |
| The Melrose Apartments | 2 Bedroom | 2BR,1BA | $1.75 |
| 3901 N Kiska St, Unit B | 3901 N Kiska St | 2BR,1BA | $1.99 |
| Cathedral Park Apartments | 2BR/1.0BA | 2BR,1BA | $1.63 |
| 7411 N Vincent Ave, Unit B | 7411 N Vincent Ave | 2BR,1BA | $1.68 |
| 6640 N Amherst St, Unit B | 6640 N Amherst St | 1BR,1BA | $2.22 |
| Central Chalet Apartments | 1BR 1 Bath | 1BR,1BA | $1.69 |
| Greeley Court | 1BR/1.0BA | 1BR,1BA | $2.26 |
| Kenton Commons | Studio | Studio ,1BA | $2.15 |
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Read ArticleApartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
Read ArticleDon't Settle: How to Negotiate Your Apartment Lease and Save Money
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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 #89
Among cities in Oregon for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Best Local Schools in University Park, Portland, OR
School data provided by Great Schools
Getting Around the University Park Neighborhood in Portland, OR
Walk Score®
79 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
95 / 100
Biker's Paradise
Daily errands can be accomplished on a bike
Transit Score®
43 / 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 University Park Apartments
What is the Cheapest Studio apartment in University Park?
Currently the most affordable Cheap Studio Apartment in University Park is at Kenton Commons listed at $950.
How much is rent for a Cheap One Bedroom University Park Apartment?
The lowest price for a Cheap One Bedroom University Park Apartment is $1,100 at Central Chalet 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 $1,300 at Cathedral Park Apartments.
What is the most affordable University Park Three Bedroom Apartment?
The best deal on a cheap University Park Three Bedroom Apartment rental is at Park Place North Apartments and starts from $1,795.
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.

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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

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.
















