Cheap Apartments for Rent in the Vernon Neighborhood of Portland, OR from $500 (144 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Vernon 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

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.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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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.

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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.

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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 Studio unit found at Albina Plaza priced from $856. The Village Coliving Community has the second lowest priced unit, which is a 1 Bed apartment currently listed from $875. Here are the most affordable Vernon apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Albina Plaza0 Bedroom 1 BathStudio,1BA$856
The Village Coliving Community1BR/1.0BA1BR,1BA$875
The Outpost Coliving Community1BR/1.0BA1BR,1BA$875
Maya Angelou1 Bedroom 1 Bath1BR,1BA$885
Zeal LoftsStudio 3Studio,1BA$895
Dekum CourtStudio NON-SUBSIDIZED1BR,1BA$941
Kimberly Court1BR/1.0BA1BR,1BA$950
Kenton CommonsStudioStudio,1BA$950
Koz on KillingsworthStudioStudio,1BA$950
Dawson Park Apartments1 Bdrm1BR,1BA$960

Best Value Apartments for Rent in Vernon, OR

As of November 09, 2025 the best value apartment in the Vernon area is the $1.90 price per square foot 36 NE Lombard St Model at 36 NE Lombard St, Unit 36 in the in the Northeast Portland neighborhood starting from $1,600. The second greatest value Vernon apartment is the 5404 NE 54th Ave Model at 5404 NE 54th Ave, Unit B starting at $1,395 with a $1.74 price per square foot in the Cully 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.
36 NE Lombard St, Unit 3636 NE Lombard St2BR,1BA$1.90
5404 NE 54th Ave, Unit B5404 NE 54th Ave1BR,1BA$1.74
Hollywood Towne House Apartments1bd1ba5fl 7441BR,1BA$1.98
L Roy GardensTwo Bedroom One Bathroom HUD Unit2BR,1BA$1.56
Albina Plaza0 Bedroom 1 BathStudio ,1BA$1.43
Dawson Park Apartments1 Bdrm1BR,1BA$1.62
Maya Angelou1 Bedroom 1 Bath1BR,1BA$1.49
Kimberly Court1BR/1.0BA1BR,1BA$1.69
King Street Lofts0x1Studio ,1BA$1.93
Weidler Commons1x1 ground floor1BR,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!

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Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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A 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

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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 #20

Among cities in Oregon 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 $960.

What is the price of a cheap apartment in Vernon?

The cheapest apartment in Vernon is The Village Coliving Community which is listed at $875, while the average apartment in Vernon costs $13,608.

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 38 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 $160 which is $13,448 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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.