7703 N Hereford Ave
PortlandOR97203
Cheap Homes for Rent in University Park Neighborhood of Portland, OR from $700 (11 Rentals)
Search the lowest-cost Homes available for rent right now in the University Park area of Portland.
5218 N Harvard St
PortlandOR97203
5130 N Yale St
PortlandOR97203
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$1,095Studio Apartments Available Now
8537-8537 N Saint Louis Ave, Unit 8531-B
8537-8537 N Saint Louis AvePortland, OR 97203
5515 N Syracuse St
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.
7480 N Delaware Ave
PortlandOR97217
9120 N Tioga Ave
PortlandOR97203
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$1,3251 Bedroom Apartments Available Now
8007-8015 N Denver Ave, Unit 02
8007-8015-8015 N Denver AvePortland, OR 97217
5515 N Syracuse St
PortlandOR97203
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$1,4951 Bedroom Apartments Available Now
7530 N Richmond Ave, Unit 202
7530 N Richmond AvePortland, OR 97203
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.
6053 N Fessenden St
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 | $1,495 | $3,495 |
| University Park 3 Bedroom Homes for Rent | $2,591 | $1,300 | $3,000 |
| University Park 4 Bedroom Homes for Rent | $3,260 | $2,495 | $4,950 |
| University Park 5 Bedroom Homes for Rent | $3,498 | $2,495 | $4,000 |
| University Park 6 Bedroom Homes for Rent | $3,045 | $2,695 | $3,395 |
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 11 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
- Nearby Portland neighborhoods
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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. 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 |
| The Bluffs | Studio | Studio,1BA | $1,025 |
| Bridgeview Apartments | 1BR/1.0BA | 1BR,1BA | $1,163 |
| Ridgecrest Timbers | 1 Bedroom, 1 Bath | 1BR,1BA | $1,165 |
Best Value Apartments for Rent in University Park, OR
As of May 09, 2026 the best value apartment in the University Park area is the $1.81 price per square foot 2 Bedroom Model at The Melrose Apartments in the in the Northwest Portland neighborhood starting from $1,449. The second greatest value University Park apartment is the Two Bed One Bath Model at Cathedral Village starting at $1,420 with a $1.79 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. |
|---|---|---|---|
| The Melrose Apartments | 2 Bedroom | 2BR,1BA | $1.81 |
| Cathedral Village | Two Bed One Bath | 2BR,1BA | $1.79 |
| Cathedral Park Apartments | 1 BD, 1 BA | 1BR,1BA | $1.52 |
| Park Place North Apartments | 2x1 | 2BR,1BA | $1.94 |
| 8300 N Dwight Ave, Unit Apartment | 8300 N Dwight Ave | 1BR,1BA | $2.00 |
| Bridgeview Apartments | 1BR/1.0BA | 1BR,1BA | $1.68 |
| Pier Park | 1 Bedroom, 1 Bath (60% Income Restricted) | 1BR,1BA | $1.97 |
| Renaissance Commons | 1 bedroom | 1BR,1BA | $1.63 |
| Ridgecrest Timbers | 1 Bedroom, 1 Bath | 1BR,1BA | $1.97 |
| 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.
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Pet Friendly LifestyleUniversity Park, Portland, OR
Ranked #90
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 $2,375. There are also 59 Single Family Homes for rent, Condos, and Townhome rentals currently available in University Park ranging from $740 to $4,950.
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 $740 to $4,950 with an average monthly rent of $2,492.
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
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.