4056 N Juneau St
PortlandOR97203
Cheap Homes for Rent in the University Park Neighborhood of Portland, OR from $655 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the University Park area of Portland.
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$1,095Studio Apartments Available Now
8537-8537 N Saint Louis Ave, Unit 8533-B
8537-8537 N Saint Louis AvePortland, OR 97203
From Arts to Eats: A Local Insider's Guide to Living in Portland's Best Spots
Discover the true heart of Portland, Oregon, with this local expert's guide. Explore the city's unique history, from the coin toss that named it to its "Keep Portland Weird" culture, and get an insider look at its most notable neighborhoods and internationally recognized food scene.
6822 N Richmond Ave
PortlandOR97203
6842 N Mears St
PortlandOR97203
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
8664 N Willamette Blvd
PortlandOR97203
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University Park, Portland, OR Local Guide
How much does it cost to rent a home in University Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| University Park 2 Bedroom Homes for Rent | $2,358 | $1,750 | $3,000 |
| University Park 3 Bedroom Homes for Rent | $3,360 | $2,495 | $6,995 |
| University Park 4 Bedroom Homes for Rent | $2,925 | $2,750 | $3,150 |
| University Park 5 Bedroom Homes for Rent | $3,750 | $3,750 | $3,750 |
| University Park 6 Bedroom Homes for Rent | $2,695 | $2,695 | $2,695 |
Browse Homes for Rent in this Neighborhood
There are currently 5 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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Best Value Homes for Rent in University Park, OR
As of September 22, 2026 the best value rental home in the University Park area is the $1.55 price per square foot 7126 N Lombard St Model at 7126 N Lombard St in the Northwest Portland neighborhood starting from $3,150. The second greatest value University Park rental home is the 3933 N Willis Blvd Model at 3933 N Willis Blvd in the Northwest Portland neighborhood starting at $2,400 with a $1.73 price per square foot. Here is today’s list of the best values for University Park homes based on price per square foot:
| Home Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 7126 N Lombard St | 7126 N Lombard St | 4BR, 2BA | $1.55 |
| 3933 N Willis Blvd | 3933 N Willis Blvd | 1BR, 1BA | $1.73 |
| 7187 N Fiske Ave | 7187 N Fiske Ave | 2BR, 2BA | $2.22 |
| 6201 N Amherst St | 6201 N Amherst St | 2BR, 2.5BA | $3.11 |
| 5605 N Gay Ave | 5605 N Gay Ave | 1BR, 1BA | $3.50 |
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!
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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 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 ArticleNavigating 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.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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Pet Friendly LifestyleUniversity Park, Portland, OR
Ranked #77
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 University Park
What type of rentals are currently available in University Park?
There are currently 240 Apartments for Rent in University Park, OR with pricing that ranges from $950 to $2,400. There are also 32 Single Family Homes for rent, Condos, and Townhome rentals currently available in University Park ranging from $655 to $6,995.
What is the current price range for Rental Homes in University Park?
Today's rental pricing for Homes for Rent, Condos and Townhomes in University Park ranges from $655 to $6,995 with an average monthly rent of $2,582.
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
From Arts to Eats: A Local Insider's Guide to Living in Portland's Best Spots
Written by: Chad Deitchley
Hello! My name is Chad, and I am your ApartmentHomeLiving.com Local Expert for Portland, Oregon. After living in this one-of-a-kind city for more than 20 years, I have seen it change in many exciting ways.
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.
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.
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.
Articles, How-To's, and Tips
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.
Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.