7703 N Hereford Ave
PortlandOR97203
Cheap Apartments for Rent in the University Park Neighborhood of Portland, OR from $700 (51 Rentals)
Search the lowest-cost Apartments available for rent right now in the University Park area of Portland.
5204 N Harvard St
PortlandOR97203
5218 N Harvard St
PortlandOR97203
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from $950Studio to 1 Bedroom Apartments Available Now
Kenton Commons
8408-8428 N Brandon AvePortland, OR 97217
5130 N Yale St
PortlandOR97203
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from $1,1001 to 2 Bedroom Apartments Available Now
Central Chalet Apartments
9020--9038 N Central StPortland, OR 97203
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from $1,100Studio to 2 Bedroom Apartments Available Now
Nomad Apartments
5620 N Interstate AvePortland, OR 97217
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from $1,124Studio to 2 Bedroom Apartments Available Now
Analog PDX
1871 N Flint AvePortland, OR 97227
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from $1,125Studio to 1 Bedroom Apartments Available Now
Live Modern at Koz on Interstate
5460 N Interstate AvePortland, OR 97217
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.
5515 N Syracuse St
PortlandOR97203
7437 N Saint Louis Ave
PortlandOR97203
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from $1,187Studio to 3 Bedroom Apartments Contact Us For Availability
Cathedral Village
6520 N Salem AvePortland, OR 97203
8353 N Fox St
PortlandOR97203
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from $1,195Studio to 2 Bedroom Apartments Available Now
Marvel 29
7227 N Philadelphia AvePortland, OR 97203
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from $1,2251 to 3 Bedroom Apartments Contact Us For Availability
Parkside Commons
8778 N Columbia BlvdPortland, OR 97203
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from $1,3271 to 2 Bedroom Apartments Available Now
Prose Hayden Island
110 N Tomahawk Island DrPortland, OR 97217
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.
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from $1,3551 Bedroom Apartments Available Jun 21
Cathedral Park
6855 N Burlington AvePortland, OR 97203
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from $1,379Studio to 2 Bedroom Apartments Available Now
Arris
878 N Fremont StPortland, OR 97227
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from $1,380Studio to 1 Bedroom Apartments Available Now
The Union at St John's.
7428 N Charleston AvePortland, OR 97203
6535 N Greeley Ave
PortlandOR97217
2801 N Ainsworth St
PortlandOR97217
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from $1,399Studio to 2 Bedroom Apartments Available Now
Northwood
8338 N Interstate AvePortland, OR 97217
5515 N Syracuse St
PortlandOR97203
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from $1,400Studio to 1 Bedroom Apartments Available Now
Central Lofts
7373 N Philadelphia AvePortland, OR 97203
9840 N Lombard St
PortlandOR97203
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from $1,5001 Bedroom Apartment Available Now
9426 N Edison St, Unit 1
9426 N Edison StPortland, OR 97203
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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
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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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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!
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 | $1,413 | $1,000 | $2,065 |
| University Park 1 Bedroom Apartments | $1,870 | $950 | $2,745 |
| University Park 2 Bedroom Apartments | $2,888 | $1,250 | $5,095 |
| University Park 3 Bedroom Apartments | $1,714 | $1,599 | $1,795 |
| University Park 4 Bedroom Apartments | $2,995 | $2,995 | $2,995 |
Browse Apartments in this Neighborhood
There are currently 51 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. Nomad Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,100. 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 |
| Nomad Apartments | Studio B | Studio,1BA | $1,100 |
| Central Chalet Apartments | 1BR 1 Bath | 1BR,1BA | $1,100 |
| Analog PDX | Studio B | Studio,1BA | $1,124 |
| Live Modern at Koz on Interstate | Studio w/ Balcony | Studio,1BA | $1,125 |
| Marvel 29 | SA1 - STUDIO | Studio,1BA | $1,195 |
| Cimarron Apartments | 1BR1B | 1BR,1BA | $1,295 |
| Overlook Flats | 1BR/1.0BA | 1BR,1BA | $1,299 |
| Arris | Studio with murphy bed, city views | Studio,1BA | $1,379 |
| The Union at St John's. | A3 | Studio,1BA | $1,380 |
Best Value Apartments for Rent in University Park, OR
As of June 11, 2025 the best value apartment in the University Park area is the $2.19 price per square foot 2x1 Model at Ivanhoe (1 & 2) in the in the Northwest Portland neighborhood starting from $1,699. The second greatest value University Park apartment is the 1BR1B Model at Cimarron Apartments starting at $1,295 with a $1.85 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. |
|---|---|---|---|
| Ivanhoe (1 & 2) | 2x1 | 2BR,1BA | $2.19 |
| Cimarron Apartments | 1BR1B | 1BR,1BA | $1.85 |
| Prose Hayden Island | One Bedroom | 1BR,1BA | $2.14 |
| Northwood | Denver | 1BR,1BA | $2.04 |
| 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 | $2.47 |
| The Bluffs | 2x1 | 2BR,1BA | $2.85 |
| Marvel 29 | 1X1E - 1 BEDROOM / 1 BATH | 1BR,1BA | $2.67 |
| Kenton Commons | Studio | Studio ,1BA | $2.13 |
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 LifestyleUniversity Park, Portland, OR
Ranked #145
Among neighborhoods in Portland, OR for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet 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 $1,380.
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 $3,645.
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 3 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 Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.