Cheap Apartments for Rent in the Washington Park Neighborhood of Portland, OR from $500 (242 Rentals)

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

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Washington Park, Portland, OR Local Guide

Cheapest Available Washington Park Apartments for Rent

 

The cheapest available apartment rental in the Washington Park area of Portland, OR is a Studio unit found at Hamilton West priced from $757. Regency Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $875. Here are the most affordable Washington Park apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Hamilton WestHamilton West: Your Urban Oasis in PortlandStudio,1BA$757
Regency ApartmentsStudio AStudio,1BA$875
Chesterbury Apartments0x1Studio,1BA$895
Brown Apartments0BR/1.0BAStudio,1BA$895
Gretchen Kafoury CommonsStudio 60%Studio,1BA$900
Fountain Place ApartmentsStudio - 60%Studio,1BA$900
Hillcrest styleStudioStudio,1BA$925
Washington Plaza Apartmentss3fl 280Studio,1BA$935
Koz on 4thStudioStudio,1BA$941
The AmyBurnsideStudio,1BA$950

Best Value Apartments for Rent in Washington Park, OR

As of November 12, 2025 the best value apartment in the Washington Park area is the $1.04 price per square foot 718 NW 21st Ave Model at 718 NW 21st Ave, Unit B in the in the Northwest Portland neighborhood starting from $2,595. The second greatest value Washington Park apartment is the 2 Bed 2.5 Bath Model at 1607 Apartments starting at $1,950 with a $1.58 price per square foot in the Northwest Portland neighborhood. Here is today’s list of the best values for Washington Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
718 NW 21st Ave, Unit B718 NW 21st Ave3BR,1BA$1.04
1607 Apartments2 Bed 2.5 Bath2BR,2.5BA$1.58
Portland Terrace2 bedroom 1 bath2BR,1BA$1.62
Raleigh Court2x1.52BR,1.5BA$1.88
Victorian Apartments1BR/1.0BA1BR,1BA$1.70
Hilltop House Apartments1 bedroom 1 bath large1BR,1BA$1.96
Hidwell Apartments1BR/1.0BA1BR,1BA$1.77
Pine Cone Apartments1bed1bath1BR,1BA$1.62
Westfal ApartmentsOne Bedroom1BR,1BA$1.83
Ongford ApartmentsStudioStudio ,1BA$1.99

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Washington Park, Portland, OR

Ranked #6

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
Washington Park, Portland, OR

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of rentals and neighborhoods across the USA, and customized analysis for Portland, Oregon. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including our Star Ratings to compare for easy access to the parks, luxury amenities, pet-friendly features, features that make it easier to raise kids, proximity to transit, and how walkable or bikeable each community and area is. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Washington Park Apartments

What is a cheap apartment in Washington Park?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Washington Park is under $950.

What is the price of a cheap apartment in Washington Park?

The cheapest apartment in Washington Park is Gretchen Kafoury Commons which is listed at $950, while the average apartment in Washington Park costs $7,632.

What types of apartments are the cheapest in Washington Park?

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 116 regular apartments in Washington Park that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Washington Park?

Cheap apartments in Washington Park have an average cost of $312 which is $7,320 cheaper than the average rent for all rentals in Washington Park.

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.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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.