Cheap Apartments for Rent in the Vernon Neighborhood of Portland, OR from $500 (85 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Vernon area of Portland.

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Allen Fremont Plaza
1 to 2 Bedroom Apartments

Allen Fremont Plaza

221 NE Fremont StPortland, OR 97212
Senior Living
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King Dishman
1 to 3 Bedroom Apartments

King Dishman

4942-4956 NE 6th AvePortland, OR 97211
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Park Terrace
1 Bedroom Apartments

Park Terrace

315 N Alberta StPortland, OR 97217
  • Utilities Included

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

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Vernon, Portland, OR Local Guide

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 ListingModel NameBed/BathPriced From
Dekum CourtStudio NON-SUBSIDIZED1BR,1BA$506
Zeal LoftsStudio 1Studio,1BA$795
Margaret Carter PlazaOne Bathroom One Bedroom HUD Unit1BR,1BA$848
Maya Angelou2 Bedroon 1 Bath2BR,1BA$878
Kimberly Court1BR/1.0BA1BR,1BA$950
Kenton CommonsStudioStudio,1BA$950
The Village Coliving Community1BR/1.0BA1BR,1BA$995
Koz on KillingsworthStudioStudio,1BA$998
L Roy GardensOne Bedroom One Bathroom HUD Unit1BR,1BA$1,026
Koz on SandyStudioStudio,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 ListingModel NameBed/BathPrice Per Sq.Ft.
3826-B NE Grand Ave, Unit B3826-B NE Grand Ave1BR,1BA$1.77
6623 N Vancouver Ave, Unit 56623 N Vancouver Ave1BR,1BA$1.53
Dekum Court2 Bedroom NON-SUBSIDIZED2BR,1BA$1.75
Cully Park Apartments2BR/1.0BA2BR,1BA$1.54
Hank Reardon PlazaTownhouse Loft1BR,1BA$1.63
Kiln1x11BR,1BA$1.86
Maya Angelou1 Bedroom 1 Bath1BR,1BA$1.49
Margaret Carter PlazaOne Bathroom One Bedroom HUD Unit1BR,1BA$1.47
L Roy GardensOne Bedroom One Bathroom HUD Unit1BR,1BA$1.80
Kimberly Court1BR/1.0BA1BR,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.

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Pet Friendly Lifestyle
Vernon, Portland, OR

Ranked #25

Among neighborhoods in Portland, OR for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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.

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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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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.

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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.