Cheap Homes for Rent in Vernon Neighborhood of Portland, OR from $600 (30 Rentals)

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Search the lowest-cost Homes 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 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 14, 2025 the best value apartment in the Vernon area is the $1.80 price per square foot 2BR/2.5BA Model at King's Crossing Townhomes in the in the Northeast Portland neighborhood starting from $2,395. 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$1.80
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
Hollywood Towne House Apartments1bd1ba5fl 7441BR,1BA$1.98
Hank Reardon Plaza1 Level Loft1BR,1BA$1.71
Slogan Apartments1BR/1.0BA1BR,1BA$1.96
Dawson Park Apartments1 Bdrm1BR,1BA$1.62
Maya Angelou1 Bedroom 1 Bath1BR,1BA$1.49
Kimberly Court1BR/1.0BA1BR,1BA$1.69

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 #21

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

Frequently Asked Questions about Vernon

What type of rentals are currently available in Vernon?

There are currently 756 Apartments for Rent in Vernon, OR with pricing that ranges from $820 to $4,764. There are also 102 Single Family Homes for rent, Condos, and Townhome rentals currently available in Vernon ranging from $600 to $5,500.

What is the current price range for Rental Homes in Vernon?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Vernon ranges from $600 to $5,500 with an average monthly rent of $3,055.

How much are larger Three and Four Bedroom Rentals in Vernon?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Vernon range from $1,995 to $3,995, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,195 to $5,500. Four Bedroom Single-Family rentals are also available starting from $2,350 and Four Bedroom Apartments start at $3,195.

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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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.

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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.