Cheap Homes for Rent in University Park Neighborhood of Portland, OR from $600 (9 Rentals)

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Search the lowest-cost Homes available for rent right now in the University Park area of Portland.

property at 5130 N Yale St

5130 N Yale St

PortlandOR97203

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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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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University Park, Portland, OR Local Guide

Cheapest Available University Park Apartments for Rent

 

The cheapest available apartment rental in the University Park area of Portland, OR is a 1 Bed unit found at Kaya Camilla - 5510 N Denver Ave priced from $1,100. Bridgeview Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,106. Here are the most affordable University Park apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Kaya Camilla - 5510 N Denver Ave1BR/1.0BA1BR,1BA$1,100
Bridgeview Apartments1BR/1.0BA1BR,1BA$1,106
Analog PDXStudio BStudio,1BA$1,124

Best Value Apartments for Rent in University Park, OR

As of May 28, 2025 the best value apartment in the University Park area is the $2.14 price per square foot Two Bedroom Model at Prose Hayden Island in the in the Concordia neighborhood starting from $2,256. The second greatest value University Park apartment is the 9230 North Saint Louis Avenue Model at 9230 North Saint Louis Avenue, Unit 9230 starting at $1,450 with a $1.61 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Prose Hayden IslandTwo Bedroom2BR,2BA$2.14
9230 North Saint Louis Avenue, Unit 92309230 North Saint Louis Avenue2BR,1BA$1.61
Harrison Square Apartments2 Bedroom / 1.0 Bath -2BR,1BA$2.12
Ivanhoe (1 & 2)2x12BR,1BA$2.19
Kenton CommonsTownhouse Loft 2 Bath1BR,2BA$1.90
Bridgeview Apartments1BR/1.0BA1BR,1BA$1.60
The Melrose Apartments1 Bedroom1BR,1BA$2.00
Overlook Flats1BR/1.0BA1BR,1BA$2.31
The Bluffs2x12BR,1BA$2.85
Marvel 291X1E - 1 BEDROOM / 1 BATH1BR,1BA$2.67

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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Frequently Asked Questions about University Park

What type of rentals are currently available in University Park?

There are currently 250 Apartments for Rent in University Park, OR with pricing that ranges from $695 to $5,095. There are also 40 Single Family Homes for rent, Condos, and Townhome rentals currently available in University Park ranging from $750 to $4,500.

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 $750 to $4,500 with an average monthly rent of $2,944.

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.

decorative image for A Portland Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent article

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.

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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.

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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.

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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.