
Cheap Apartments for Rent in the Vernon Neighborhood of Portland, OR from $500 (225 Rentals)
Search the lowest-cost Apartments available for rent right now in the Vernon area of Portland.


5324 N Maryland Ave

4833 NE 11th Ave

3226 NE Cesar E Chavez Blvd

5418 NE 25th Ave

Zeal Lofts

The Outpost

Total Monthly Price
Koz on Killingsworth

Mississippi Court

3933-3937 N Michigan Ave
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.

Dawson Park Apartments

T. Joyce Phillips

Kenton Commons

Shift

Koz on Interstate

205 NE Rosa Parks Way

Renaissance Commons

Koz on Sandy

Weidler Commons

Nomad Apartments
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.

The Sutton

1480 N Jarrett St, Unit 303

Paceline

The Village Coliving Community

Fargo

Total Monthly Price
Analog PDX

Kentonwood Dimensions

7312-7334 N Lancaster Ave, Unit 7330

505 Dekum Apartments

M63
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.

Total Monthly Price
Parallax

Hank Reardon Plaza

Westcott Properties

Cadence

King Street Lofts

8007-8015 N Denver Ave, Unit 02

Brio Flats

4127 N Michigan Ave

The Roux

MF 15 - N. Emerson
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.

2320 N Vancouver Ave

Total Monthly Price
Grant Park Village

ArLo

Total Monthly Price
Quimby at the Village

2121 N Kilpatrick St

Ella PDX

436 NE Stafford St

Arris

Total Monthly Price
3714 N Williams Ave

3814 NE 6th Ave
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.
Vernon, Portland, OR Local Guide

How much does it cost to rent an apartment in Vernon?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Vernon Studio Apartments | $1,318 | $795 | $2,322 |
| Vernon 1 Bedroom Apartments | $1,642 | $875 | $4,132 |
| Vernon 2 Bedroom Apartments | $2,280 | $1,250 | $6,551 |
| Vernon 3 Bedroom Apartments | $3,808 | $1,466 | $8,176 |
| Vernon 4 Bedroom Apartments | $8,753 | $3,025 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 225 rentals with your search options within a 2 mile radius of the Vernon Neighborhood of Portland, OR.
See all Apartments in PortlandExplore Portland
Vernon, Portland, OR Local Guide
- Nearby Portland neighborhoods
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Cheapest Available Vernon Apartments for Rent
 The cheapest available apartment rental in the Vernon area of Portland, OR is a Studio unit found at Margaret Carter Plaza priced from $800. King Dishman 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Margaret Carter Plaza | Studio HUD Unit | Studio,1BA | $800 |
| King Dishman | One Bathroom One Bathoom HUD Unit | 1BR,1BA | $875 |
| Koz on Killingsworth | Studio - Income Restricted | Studio,1BA | $899 |
| Dawson Park Apartments | Spacious Apartments in North Portland – Dawson ... | 1BR,1BA | $925 |
| T. Joyce Phillips | Studio NON-SUBSIDIZED | 1BR,1BA | $941 |
| Kenton Commons | Studio | Studio,1BA | $950 |
| Shift | Studio B, 1 Bathroom | Studio,1BA | $995 |
| Koz on Interstate | MULTE Studio | Studio,1BA | $999 |
| Renaissance Commons | 1 bedroom | 1BR,1BA | $1,012 |
| Koz on Sandy | MULTE- S Studio | Studio,1BA | $1,025 |
Best Value Apartments for Rent in Vernon, OR
As of May 30, 2026 the best value apartment in the Vernon area is the $1.79 price per square foot Bookmark 1x1F w/ Den 868 sqft Model at Bookmark Apartments in the in the Southeast Portland neighborhood starting from $1,555. The second greatest value Vernon apartment is the 1718 NE 26th Ave Model at 1718 NE 26th Ave, Unit 1718 starting at $1,300 with a $1.59 price per square foot in the Southeast Portland neighborhood. Here is today’s list of the best values for Vernon apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Bookmark Apartments | Bookmark 1x1F w/ Den 868 sqft | 1BR,1BA | $1.79 |
| 1718 NE 26th Ave, Unit 1718 | 1718 NE 26th Ave | 2BR,1BA | $1.59 |
| Cully Park Apartments | 2BR/1.0BA | 2BR,1BA | $1.77 |
| Westcott Properties | 1x1 | 1BR,1BA | $1.85 |
| Miss | 1x1-Loft | 1BR,1BA | $1.84 |
| Renaissance Commons | 1 bedroom | 1BR,1BA | $1.63 |
| Dawson Park Apartments | Spacious Apartments in North Portland – Dawson ... | 1BR,1BA | $1.56 |
| Margaret Carter Plaza | One Bathroom One Bedroom HUD Unit | 1BR,1BA | $1.55 |
| King Dishman | One Bathroom One Bathoom HUD Unit | 1BR,1BA | $1.54 |
| Weidler Commons | 1 Bedroom | 1BR,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!
Read ArticleDon'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.
Read ArticleA 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
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick 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.
Pet Friendly LifestyleVernon, Portland, OR
Ranked #19
Among cities in Oregon for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
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 the Cheapest Studio apartment in Vernon?
Currently the most affordable Cheap Studio Apartment in Vernon is at Margaret Carter Plaza listed at $800.
How much is rent for a Cheap One Bedroom Vernon Apartment?
The lowest price for a Cheap One Bedroom Vernon Apartment is $875 at King Dishman.
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 $1,015 at King Dishman.
What is the most affordable Vernon Three Bedroom Apartment?
The best deal on a cheap Vernon Three Bedroom Apartment rental is at Renaissance Commons and starts from $1,466.
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

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.

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.

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.

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

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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.