
Cheap Apartments for Rent in the Vernon Neighborhood of Portland, OR from $500 (85 Rentals)
Search the lowest-cost Apartments available for rent right now in the Vernon area of Portland.


Zeal Lofts

1532 NE 14th Ave

Kenton Commons

Mississippi Court

The Village Coliving Community

Live Modern at Koz on Interstate

Koz on Killingsworth
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

Analog PDX

The Outpost Coliving Community

311 Graham

Nomad Apartments

Brio Flats

Grant Park Village

353 NE Failing St
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.

The Melange on Williams

MF 16 - N. Sumner

Savona Apartments

821 N Lombard St

Paceline

505 Dekum Apartments
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.

Parallax

Soleil

King Street Lofts

The Robert

Jasper

Little King

Hank Reardon Plaza

Martin

915-915 NE Roselawn St

8007-8015 N Denver Ave

Monroe Street Apartments

Cadence
Navigating 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.

1480 N Jarrett St

4905-4905 N Maryland Ave

1724 NE Killingsworth St

1812 NE Schuyler St

Forty One 11

The Roux
Portland’s Best Affordable Neighborhoods
Learn about Portland and the best places to live with original content written by our Portland, OR Local Expert Chad Deitchley
Vernon, Portland, OR Local Guide

How much does it cost to rent an apartment in Vernon?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Vernon Studio Apartments | $1,341 | $795 | $4,205 |
Vernon 1 Bedroom Apartments | $1,792 | $506 | $6,076 |
Vernon 2 Bedroom Apartments | $2,325 | $1,426 | $5,159 |
Vernon 3 Bedroom Apartments | $2,897 | $1,888 | $3,800 |
Vernon 4 Bedroom Apartments | $4,000 | $4,000 | $4,000 |
Browse Apartments in this Neighborhood
There are currently 85 rentals with your search options within a 2 mile radius of the Vernon Neighborhood of Portland, OR.
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Vernon, Portland, OR Local Guide
- Nearby Portland neighborhoods
- Nearby Cities
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- Local Counties
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Cheapest Available Vernon Apartments for Rent
 The cheapest available apartment rental in the Vernon area of Portland, OR is a 1 Bed unit found at Dekum Court priced from $506. Zeal Lofts has the second lowest priced unit, which is a Studio apartment currently listed from $795. Here are the most affordable Vernon apartments for rent in Portland, OR:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Dekum Court | Studio NON-SUBSIDIZED | 1BR,1BA | $506 |
Zeal Lofts | Studio 1 | Studio,1BA | $795 |
Margaret Carter Plaza | One Bathroom One Bedroom HUD Unit | 1BR,1BA | $848 |
Maya Angelou | 2 Bedroon 1 Bath | 2BR,1BA | $878 |
Kenton Commons | Studio | Studio,1BA | $950 |
Kimberly Court | 1BR/1.0BA | 1BR,1BA | $950 |
Koz on Killingsworth | Studio | Studio,1BA | $988 |
The Village Coliving Community | 1BR/1.0BA | 1BR,1BA | $995 |
L Roy Gardens | One Bedroom One Bathroom HUD Unit | 1BR,1BA | $1,026 |
Koz on Sandy | Studio | Studio,1BA | $1,045 |
Best Value Apartments for Rent in Vernon, OR
As of July 10, 2025 the best value apartment in the Vernon area is the $1.77 price per square foot 3826-B NE Grand Ave Model at 3826-B NE Grand Ave, Unit B in the in the Northeast Portland neighborhood starting from $1,650. The second greatest value Vernon apartment is the 6623 N Vancouver Ave Model at 6623 N Vancouver Ave, Unit 5 starting at $1,375 with a $1.53 price per square foot in the Northeast Portland neighborhood. Here is today’s list of the best values for Vernon apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
3826-B NE Grand Ave, Unit B | 3826-B NE Grand Ave | 1BR,1BA | $1.77 |
6623 N Vancouver Ave, Unit 5 | 6623 N Vancouver Ave | 1BR,1BA | $1.53 |
Dekum Court | 2 Bedroom NON-SUBSIDIZED | 2BR,1BA | $1.75 |
Cully Park Apartments | 2BR/1.0BA | 2BR,1BA | $1.54 |
Hank Reardon Plaza | Townhouse Loft | 1BR,1BA | $1.63 |
Kiln | 1x1 | 1BR,1BA | $1.86 |
Maya Angelou | 1 Bedroom 1 Bath | 1BR,1BA | $1.49 |
Margaret Carter Plaza | One Bathroom One Bedroom HUD Unit | 1BR,1BA | $1.47 |
L Roy Gardens | One Bedroom One Bathroom HUD Unit | 1BR,1BA | $1.80 |
Kimberly Court | 1BR/1.0BA | 1BR,1BA | $1.69 |
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.
Pet Friendly LifestyleVernon, Portland, OR
Ranked #25
Among neighborhoods in Portland, OR for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Vernon, Portland, OR
School data provided by Great Schools
Lifestyle Ratings
ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of rentals and neighborhoods across the USA, including Vernon, Portland, and the greater Portland area. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including searching for the best amenities, and the best proximity to parks and outdoor amenities, transit availability, pet-friendly communities, apartment communities for the kids, in addition to floorplans, availablity, and pricing. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!
Getting Around the Vernon Neighborhood in Portland, OR
Walk Score®
95 / 100
Walker’s Paradise
Daily errands do not require a car
Bike Score®
100 / 100
Biker's Paradise
Daily errands can be accomplished on a bike
Transit Score®
49 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Vernon Apartments
What is a cheap apartment in Vernon?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Vernon is under $1,045.
What is the price of a cheap apartment in Vernon?
The cheapest apartment in Vernon is Dekum Court which is listed at $506, while the average apartment in Vernon costs $4,250.
What types of apartments are the cheapest in Vernon?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 23 regular apartments in Vernon that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Vernon?
Cheap apartments in Vernon have an average cost of $324 which is $3,926 cheaper than the average rent for all rentals in Vernon.
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.

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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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.

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.