Cheap Apartments for Rent in Portland, AR from $400 (26 Rentals)

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

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Navigating the Rental Market: Tips for First-Time Renters

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

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Showing Results 1-26, Page 1 of 1

Portland, AR Local Guide

Cheapest Available Portland Apartments for Rent and Nearby

 

The cheapest available apartment rental in Portland, AR is a 1 Bed unit found at Mary Lea Apartments priced from $575. Park Place Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $625. Here is today’s list of the most affordable Portland apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Mary Lea ApartmentsOne-Bedroom1BR,1BA$575
Park Place Apartments1 Bedroom1BR,1BA$625
Delta Village Mobile Home Community3 Bedroom 2 Bath STD3BR,2BA$650
Shadow Forest ApartmentsForest 1.11BR,1BA$690
Westchester SquareSm 1 Bed1BR,1BA$700
Creel PropertiesSTADIUM1BR,1BA$705
Sunset Village Apartments1 Bed, 1 bath1BR,1BA$710
Town & Country Apartment HomesOne Bedroom/One Bath1BR,1BA$730
Frances Place Apartments1 BR/1 BA1BR,1BA$800
Bowmanor Garden Apartments1BD/1BA1BR,1BA$829

Best Value Apartments for Rent in Portland, AR and Nearby

As of May 14, 2025 the best value apartment in the Portland area is the $1.05 price per square foot Two Bedroom Two Bath Upgrade Model at The Mark in the starting from $1,150. The second greatest value Portland apartment is the 2 Bedroom Model at Bayou Park Apartments starting at $895 with a $0.82 price per square foot . Here is today’s list of the best values for Portland apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The MarkTwo Bedroom Two Bath Upgrade2BR,2BA$1.05
Bayou Park Apartments2 Bedroom2BR,1BA$0.82
Town & Country Apartment HomesThree Bedroom / One and a half Bath3BR,1.5BA$0.93
Delta Village Mobile Home CommunityNEW 2 Bedroom 2 Bath Home2BR,2BA$0.78
Van MarkA11BR,1BA$1.04
Shadow Forest ApartmentsForest 1.11BR,1BA$0.85
Shadow Hawk2-2 Renovated Upstairs2BR,2BA$1.10
Mary Lea ApartmentsOne-Bedroom1BR,1BA$0.74
Frances Place Apartments1 BR/1 BA1BR,1BA$1.07
Westchester SquareSm 1 Bed1BR,1BA$1.06

Quick Rent Budget Calculator

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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Portland, AR Rentals by Map

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See the most popular apartments and homes in Portland, AR

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Getting Around Portland, AR

Walk Score®

8 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

27 / 100

Somewhat Bikeable

Minimal bike infrastructure

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 Portland Apartments

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

The lowest price for a Cheap One Bedroom Portland Apartment is $575 at Mary Lea Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Portland is starting from $750 at Delta Village Mobile Home Community.

What is the most affordable Portland Three Bedroom Apartment?

The best deal on a cheap Portland Three Bedroom Apartment rental is at Delta Village Mobile Home Community and starts from $650.

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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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.