Cheap Apartments for Rent in the Vernon Neighborhood of Portland, OR from $500 (184 Rentals)

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

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.

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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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Analog PDX
Rent Specials
$1,140 - $2,855
Total Monthly Price

Total Monthly Price

Base Rent
$1,140 - $2,855
Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

Analog PDX

1871 N Flint AvePortland, OR 97227
Transit Friendly
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  • Smoke Free

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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From Arts to Eats: A Local Insider's Guide to Living in Portland's Best Spots

Discover the true heart of Portland, Oregon, with this local expert's guide. Explore the city's unique history, from the coin toss that named it to its "Keep Portland Weird" culture, and get an insider look at its most notable neighborhoods and internationally recognized food scene.

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Grant Park Village
Rent Specials
$1,299 - $8,007
Total Monthly Price

Total Monthly Price

Base Rent
$1,299 - $8,007
Total Monthly Price
$1,299 - $8,007
Studio to 3 Bedroom Apartments Available Now

Grant Park Village

1580 NE 32nd AvePortland, OR 97232
Affordability
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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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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 Park Terrace priced from $729. Margaret Carter Plaza has the second lowest priced unit, which is a Studio apartment currently listed from $763. Here are the most affordable Vernon apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Park TerraceOne Bedroom One Bathroom Unit Income and rent r...1BR,1BA$729
Margaret Carter PlazaStudio HUD UnitStudio,1BA$763
Zeal LoftsStudio 2Studio,1BA$795
Kimberly Court1BR/1.0BA1BR,1BA$895
Koz on KillingsworthStudio - Income RestrictedStudio,1BA$899
Dawson Park ApartmentsSpacious Apartments in North Portland – Dawson ...1BR,1BA$925
T. Joyce PhillipsStudio NON-SUBSIDIZED1BR,1BA$941
Kenton CommonsStudioStudio,1BA$950
330 Dekum ApartmentsStudio - Income Restricted - Click for DetailsStudio,1BA$950
Nomad ApartmentsStudio CStudio,1BA$995

Best Value Apartments for Rent in Vernon, OR

As of April 15, 2026 the best value apartment in the Vernon area is the $1.25 price per square foot 4 Bedrooms 2 Baths Model at Villas de Mariposas in the in the Cully neighborhood starting from $1,696. The second greatest value Vernon apartment is the 1x1 Model at Kiln starting at $1,450 with a $1.90 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.
Villas de Mariposas4 Bedrooms 2 Baths4BR,2BA$1.25
Kiln1x11BR,1BA$1.90
King DishmanTwo Bathroom One Bathoom HUD Unit2BR,1BA$1.45
Westcott Properties1x11BR,1BA$1.54
Renaissance Commons1 bedroom1BR,1BA$1.63
Dawson Park ApartmentsSpacious Apartments in North Portland – Dawson ...1BR,1BA$1.56
Margaret Carter PlazaOne Bathroom One Bedroom HUD Unit1BR,1BA$1.47
Weidler Commons1 Bedroom1BR,1BA$1.88
Park TerraceOne Bedroom One Bathroom Unit Income and rent r...1BR,1BA$1.35
Kenton Commons1 Level LoftStudio ,1BA$1.88

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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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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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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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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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!

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 $995.

What is the price of a cheap apartment in Vernon?

The cheapest apartment in Vernon is Park Terrace which is listed at $729, while the average apartment in Vernon costs $9,177.

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 63 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 $358 which is $8,819 cheaper than the average rent for all rentals in Vernon.

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

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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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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.

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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.

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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

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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.

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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.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.