Cheap Apartments for Rent in the Vernon Neighborhood of Portland, OR from $500 (91 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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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 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 CourtStudioStudio,1BA$506
Zeal LoftsStudio 1Studio,1BA$795
Margaret Carter PlazaOne Bathroom One Bedroom HUD Unit1BR,1BA$848
Maya Angelou2 Bedroon 1 Bath2BR,1BA$878
Koz on KillingsworthStudioStudio,1BA$909
Kimberly Court1BR/1.0BA1BR,1BA$950
Kenton CommonsStudioStudio,1BA$950
LuceraStudioStudio,1BA$995
The Village Coliving Community1BR/1.0BA1BR,1BA$995
L Roy GardensOne Bedroom One Bathroom HUD Unit1BR,1BA$1,026

Best Value Apartments for Rent in Vernon, OR

As of June 25, 2025 the best value apartment in the Vernon area is the $1.83 price per square foot 3826-B NE Grand Ave Model at 3826-B NE Grand Ave, Unit A in the in the Northeast Portland neighborhood starting from $1,700. The second greatest value Vernon apartment is the Townhouse Loft Model at Hank Reardon Plaza starting at $1,250 with a $1.63 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 A3826-B NE Grand Ave1BR,1BA$1.83
Hank Reardon PlazaTownhouse Loft1BR,1BA$1.63
Hollywood Towne House Apartments1bd1ba5fl 7441BR,1BA$2.00
Martin1x1.5x21BR,1.5BA$2.01
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
Weidler Commons1 BEDROOM1BR,1BA$1.92
Dekum CourtStudioStudio ,1BA$1.57

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Vernon, Portland, OR

Ranked #32

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 $1,026.

What is the price of a cheap apartment in Vernon?

The cheapest apartment in Vernon is Margaret Carter Plaza which is listed at $848, 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 19 regular apartments in Vernon that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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.