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$950 - $1,600Studio to 1 Bedroom Apartments Available Now
Kenton Commons
8408-8428 N Brandon AvePortland, OR 97217
Cheap Apartments for Rent in the University Park Neighborhood of Portland, OR from $900 (25 Rentals)
Search the lowest-cost Apartments available for rent right now in the University Park area of Portland.
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$1,100 - $1,3251 to 2 Bedroom Apartments Available Now
Central Chalet Apartments
9020--9038 N Central StPortland, OR 97203
6924 N Amherst St
PortlandOR97203
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$1,195 - $1,950Studio to 2 Bedroom Apartments Available Now
Marvel 29
7227 N Philadelphia AvePortland, OR 97203
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$1,225 - $1,7951 to 3 Bedroom Apartments Contact Us For Availability
Parkside Commons
8778 N Columbia BlvdPortland, OR 97203
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$1,263 - $1,731Studio to 3 Bedroom Apartments Available Now
Cathedral Village
6520 N Salem AvePortland, OR 97203
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$1,2751 Bedroom Apartments Available Now
8007-8015 N Denver Ave
8007-8015-8015 N Denver AvePortland, OR 97217
9470 N Alma Ave
PortlandOR97203
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$1,3001 Bedroom Apartments Available Aug 4
7312-7334 N Lancaster Ave
7312-7334 N Lancaster AvePortland, OR 97217
7437 N Saint Louis Ave
PortlandOR97203
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Showing Results 1-25, Page 1 of 1
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 | $1,324 | $1,000 | $1,450 |
| University Park 1 Bedroom Apartments | $1,438 | $1,100 | $1,950 |
| University Park 2 Bedroom Apartments | $1,776 | $1,295 | $2,700 |
| University Park 3 Bedroom Apartments | $1,714 | $1,599 | $1,795 |
Browse Apartments in this Neighborhood
There are currently 25 rentals with your search options within a 2 mile radius of the University Park Neighborhood of Portland, OR.
See all Apartments in PortlandExplore Portland
University Park, Portland, OR Local Guide
- Nearby Portland neighborhoods
- Nearby Cities
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- Local Counties
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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. Ivanhoe (1 & 2) has the second lowest priced unit, which is a Studio apartment currently listed from $975. 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 |
| Ivanhoe (1 & 2) | Studio | Studio,1BA | $975 |
| The Bluffs | Studio | Studio,1BA | $999 |
| Central Chalet Apartments | 1BR 1 Bath | 1BR,1BA | $1,100 |
| Marvel 29 | SA3 - STUDIO | Studio,1BA | $1,195 |
Best Value Apartments for Rent in University Park, OR
As of August 03, 2025 the best value apartment in the University Park area is the $1.73 price per square foot 3 Bedroom Model at The Melrose Apartments in the in the Northwest Portland neighborhood starting from $1,899. The second greatest value University Park apartment is the Two Bedroom Townhome Model at Richmond Avenue starting at $1,799 with a $2.25 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. |
|---|---|---|---|
| The Melrose Apartments | 3 Bedroom | 3BR,1BA | $1.73 |
| Richmond Avenue | Two Bedroom Townhome | 2BR,1BA | $2.25 |
| Harrison Square Apartments | 2 Bedroom / 1.0 Bath - | 2BR,1BA | $2.12 |
| Cimarron Apartments | 1BR1B | 1BR,1BA | $1.85 |
| Central Chalet Apartments | 1BR 1 Bath | 1BR,1BA | $1.69 |
| Overlook Flats | 1BR/1.0BA | 1BR,1BA | $2.22 |
| Greeley Court | 1BR/1.0BA | 1BR,1BA | $2.26 |
| Ivanhoe (1 & 2) | Studio | Studio ,1BA | $1.92 |
| Marvel 29 | SA3 - STUDIO | Studio ,1BA | $2.58 |
| Kenton Commons | Studio | Studio ,1BA | $2.13 |
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Pet Friendly LifestyleUniversity Park, Portland, OR
Ranked #102
Among cities in Oregon for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet 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 a cheap apartment in University Park?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in University Park is under $1,350.
What is the price of a cheap apartment in University Park?
The cheapest apartment in University Park is Central Chalet Apartments which is listed at $1,100, while the average apartment in University Park costs $3,495.
What types of apartments are the cheapest in University Park?
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 4 regular apartments in University Park that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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.
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.