
Cheap Homes for Rent in Vernon Neighborhood of Portland, OR from $500 (20 Rentals)
Search the lowest-cost Homes available for rent right now in the Vernon area of Portland.


6389 N Commercial Ave

5418 NE 25th Ave

3535 N Borthwick Ave

2415 NE 15th Ave

5237 NE Alberta St
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.

7230 NE 18th Ave

1515 N Simpson St

6939 NE Grand Ave

7104 N Interstate Ave

8007-8015 N Denver Ave

1902-1910 N Kilpatrick St - Kenton
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.

1480 N Jarrett St

1942-1956 NE Tillamook St

1480 N Jarrett St

3975 NE Garfield Ave.

4609-4609 NE Killingsworth St
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.

1620 NE Broadway St, Unit 306
Vernon, Portland, OR Local Guide

How much does it cost to rent a home in Vernon?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent | 
|---|---|---|---|
| Vernon 2 Bedroom Homes for Rent | $2,636 | $1,850 | $4,200 | 
| Vernon 3 Bedroom Homes for Rent | $3,148 | $740 | $5,800 | 
| Vernon 4 Bedroom Homes for Rent | $3,504 | $2,095 | $4,850 | 
| Vernon 5 Bedroom Homes for Rent | $3,650 | $3,650 | $3,650 | 
| Vernon 6 Bedroom Homes for Rent | $4,112 | $3,775 | $4,450 | 
Browse Homes for Rent in this Neighborhood
There are currently 20 rentals with your search options within a 2 mile radius of the Vernon Neighborhood of Portland, OR.
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Vernon, Portland, OR Local Guide
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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 Zeal Lofts priced from $795. Albina Plaza has the second lowest priced unit, which is a Studio apartment currently listed from $856. Here are the most affordable Vernon apartments for rent in Portland, OR:
| Apartment Listing | Model Name | Bed/Bath | Priced From | 
|---|---|---|---|
| Zeal Lofts | Studio 1 | Studio,1BA | $795 | 
| Albina Plaza | 0 Bedroom 1 Bath | Studio,1BA | $856 | 
| The Outpost Coliving Community | 1BR/1.0BA | 1BR,1BA | $875 | 
| Maya Angelou | 1 Bedroom 1 Bath | 1BR,1BA | $885 | 
| The Village Coliving Community | 1BR/1.0BA | 1BR,1BA | $925 | 
Best Value Apartments for Rent in Vernon, OR
As of October 31, 2025 the best value apartment in the Vernon area is the $1.94 price per square foot Large 1 BR Model at Halsey Villa in the in the Southeast Portland neighborhood starting from $1,795. The second greatest value Vernon apartment is the 36 NE Lombard St Model at 36 NE Lombard St, Unit 36 starting at $1,600 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. | 
|---|---|---|---|
| Halsey Villa | Large 1 BR | 1BR,1BA | $1.94 | 
| 36 NE Lombard St, Unit 36 | 36 NE Lombard St | 2BR,1BA | $1.90 | 
| 5404 NE 54th Ave, Unit B | 5404 NE 54th Ave | 1BR,1BA | $1.66 | 
| L Roy Gardens | Two Bedroom One Bathroom HUD Unit | 2BR,1BA | $1.56 | 
| Albina Plaza | 0 Bedroom 1 Bath | Studio ,1BA | $1.43 | 
| Dawson Park Apartments | 1 Bdrm | 1BR,1BA | $1.62 | 
| Maya Angelou | 1 Bedroom 1 Bath | 1BR,1BA | $1.49 | 
| Kimberly Court | 1BR/1.0BA | 1BR,1BA | $1.69 | 
| King Street Lofts | 0x1 | Studio ,1BA | $1.93 | 
| Weidler Commons | 1x1 ground floor | 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 ArticleApartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
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 ArticleThe 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.
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 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 #22
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
Frequently Asked Questions about Vernon
What type of rentals are currently available in Vernon?
There are currently 757 Apartments for Rent in Vernon, OR with pricing that ranges from $795 to $13,500. There are also 123 Single Family Homes for rent, Condos, and Townhome rentals currently available in Vernon ranging from $590 to $5,800.
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 $590 to $5,800 with an average monthly rent of $2,796.
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 $1,760 to $5,955, while Three Bedroom Homes, Condos, and Townhomes for rent range from $740 to $5,800. Four Bedroom Single-Family rentals are also available starting from $2,095 and Four Bedroom Apartments start at $3,770.
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.

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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

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.

