Cheap Apartments for Rent in the Vernon Neighborhood of Portland, OR from $500 (86 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

close
View Me
Allen Fremont Plaza
1 to 2 Bedroom Apartments

Allen Fremont Plaza

221 NE Fremont StPortland, OR 97212
Senior Living
close
View Me
Park Terrace
1 Bedroom Apartments

Park Terrace

315 N Alberta StPortland, OR 97217
  • Utilities Included
close
View Me
Maya Angelou
1 to 4 Bedroom Apartments

Maya Angelou

4061-4069 N Kerby AvePortland, OR 97227
  • Utilities Included
Showing Results 1-50, Page 1 of 2

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. Zeal Lofts has the second lowest priced unit, which is a Studio apartment currently listed from $820. 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
Zeal LoftsStudio 1Studio,1BA$820
Maya Angelou1 Bedroom 1 Bath1BR,1BA$885
Dekum CourtStudio NON-SUBSIDIZED1BR,1BA$941
SippiStudio-SmallStudio,1BA$949
Kenton CommonsStudioStudio,1BA$950
Koz on KillingsworthStudioStudio,1BA$950
Kimberly Court1BR/1.0BA1BR,1BA$950
Dawson Park Apartments1 Bdrm1BR,1BA$960
330 Dekum ApartmentsStudio - Income Restricted - Click for DetailsStudio,1BA$995

Best Value Apartments for Rent in Vernon, OR

As of September 17, 2025 the best value apartment in the Vernon area is the $1.77 price per square foot 2BR/2.5BA Model at King's Crossing Townhomes in the in the Northeast Portland neighborhood starting from $2,350. The second greatest value Vernon apartment is the 3 Bedroom 1 Bath Model at Villas de Mariposas starting at $1,267 with a $1.10 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.
King's Crossing Townhomes2BR/2.5BA2BR,2.5BA$1.77
Villas de Mariposas3 Bedroom 1 Bath3BR,1.5BA$1.10
5536 N Maryland Ave2BR2BR,1BA$1.82
MF 14 - N Humboldt2BR/1.0BA2BR,1BA$1.97
Hank Reardon Plaza1 Level Loft1BR,1BA$1.71
Slogan Apartments1BR/1.0BA1BR,1BA$1.96
Maya Angelou1 Bedroom 1 Bath1BR,1BA$1.49
Dawson Park Apartments1 Bdrm1BR,1BA$1.62
Kimberly Court1BR/1.0BA1BR,1BA$1.69
Weidler Commons1 bedroom waitlist1BR,1BA$1.92

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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Vernon, Portland, OR

Ranked #19

Among cities in Oregon for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

decorative image of woman handing cat to small boy

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 the Cheapest Studio apartment in Vernon?

Currently the most affordable Cheap Studio Apartment in Vernon is at Zeal Lofts listed at $820.

How much is rent for a Cheap One Bedroom Vernon Apartment?

The lowest price for a Cheap One Bedroom Vernon Apartment is $729 at Park Terrace.

What is the lowest price for a Cheap Two Bedroom Vernon Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Vernon is starting from $1,097 at Maya Angelou.

What is the most affordable Vernon Three Bedroom Apartment?

The best deal on a cheap Vernon Three Bedroom Apartment rental is at Villas de Mariposas and starts from $1,267.

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.

decorative image for A Portland Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent article

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.

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

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.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

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

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.