Cheap Homes for Rent in University Park Neighborhood of Portland, OR from $700 (11 Rentals)

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

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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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 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 ListingModel NameBed/BathPriced From
Kenton CommonsStudioStudio,1BA$950
Ivanhoe (1 & 2)StudioStudio,1BA$975
The BluffsStudioStudio,1BA$999
Central Chalet Apartments1BR 1 Bath1BR,1BA$1,100
Marvel 29SA1 - STUDIOStudio,1BA$1,186

Best Value Apartments for Rent in University Park, OR

As of September 11, 2025 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 2BR/1.0BA Model at Cathedral Park starting at $1,300 with a $1.65 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.
Park Place North Apartments3x13BR,1BA$2.11
Cathedral Park2BR/1.0BA2BR,1BA$1.65
Harrison Square Apartments2 Bedroom / 1.0 Bath -2BR,1BA$2.12
Central Chalet Apartments1BR 1 Bath1BR,1BA$1.69
Cathedral Park1 Bedroom, 1 Bath 546 sqft1BR,1BA$2.57
Ivanhoe (1 & 2)StudioStudio ,1BA$1.92
Marvel 291X1E - 1 BEDROOM - 1 BATH1BR,1BA$2.73
L39 ApartmentsStudioStudio ,1BA$2.85
Kenton CommonsStudioStudio ,1BA$2.13
The Union at St John's.A3Studio ,1BA$2.91

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
University Park, Portland, OR

Ranked #108

Among cities in Oregon for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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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 248 Apartments for Rent in University Park, OR with pricing that ranges from $999 to $3,495. There are also 58 Single Family Homes for rent, Condos, and Townhome rentals currently available in University Park ranging from $745 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 $745 to $4,500 with an average monthly rent of $2,504.

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.

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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 Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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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.