4713 N Willamette Blvd
PortlandOR97203
Cheap Homes for Rent in University Park Neighborhood of Portland, OR from $600 (10 Rentals)
Search the lowest-cost Homes available for rent right now in the University Park area of Portland.
9330 N Charleston Ave, Unit Attic Room
9330 N Charleston Ave
PortlandOR97203
7703 N Hereford Ave
PortlandOR97203
5204 N Harvard St
PortlandOR97203
9120 N Tioga Ave
PortlandOR97203
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
5684 N Harvard St
PortlandOR97203
close
View Me
$1,2451 Bedroom Apartments Available Now
8007-8015 N Denver Ave, Unit 02
8007-8015-8015 N Denver AvePortland, OR 97217
close
View Me
$1,3451 Bedroom Apartments Available Now
8007-8015 N Denver Ave, Unit 16
8007-8015-8015 N Denver AvePortland, OR 97217
10030 N Lombard St
PortlandOR97203
6041 N Fessenden St
PortlandOR97203
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
Showing Results 1-10, Page 1 of 1
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 | $2,401 | $1,750 | $3,595 |
| University Park 3 Bedroom Homes for Rent | $2,512 | $1,000 | $2,995 |
| University Park 4 Bedroom Homes for Rent | $2,763 | $2,400 | $3,295 |
| University Park 5 Bedroom Homes for Rent | $3,622 | $3,495 | $3,750 |
| University Park 6 Bedroom Homes for Rent | $3,295 | $2,695 | $4,395 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 10 rentals with your search options within a 2 mile radius of the University Park Neighborhood of Portland, OR.
Explore Portland
University Park, Portland, OR Local Guide
- Nearby Portland neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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. Renaissance Commons has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,012. 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 |
| Renaissance Commons | 1 bedroom | 1BR,1BA | $1,012 |
| Ivanhoe (1 & 2) | Studio | Studio,1BA | $1,125 |
Best Value Apartments for Rent in University Park, OR
As of June 23, 2026 the best value apartment in the University Park area is the $2.11 price per square foot 3x1 Model at Park Place North Apartments in the in the Northwest Portland neighborhood starting from $1,895. 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 | $2.11 |
| Cimarron Apartments | 2BR1B | 2BR,1BA | $1.71 |
| Clifden | 1 Beds, 1 Baths | 1BR,1BA | $1.61 |
| Bridgeview Apartments | 1BR/1.0BA | 1BR,1BA | $1.68 |
| Pier Park | 1 Bedroom, 1 Bath (60% Income Restricted) | 1BR,1BA | $1.99 |
| Parkside Commons | 1BR/1.0BA | 1BR,1BA | $1.93 |
| Renaissance Commons | 1 bedroom | 1BR,1BA | $1.63 |
| The Melrose Apartments | 1 Bedroom | 1BR,1BA | $2.17 |
| yanke01 | 1BR/1.0BA | 1BR,1BA | $1.93 |
| Kenton Commons | 1 Level Loft | Studio ,1BA | $1.88 |
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!
Read Article
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 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.
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.
Let everyone know!
Do you know the University Park area?
If you’re an expert on all things University Park, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Pet Friendly LifestyleUniversity Park, Portland, OR
Ranked #93
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 242 Apartments for Rent in University Park, OR with pricing that ranges from $975 to $2,695. There are also 40 Single Family Homes for rent, Condos, and Townhome rentals currently available in University Park ranging from $690 to $4,395.
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 $690 to $4,395 with an average monthly rent of $2,419.
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
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.
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.
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.
From Arts to Eats: A Local Insiders 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.
Articles, How-To's, and Tips
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.