Cheap Apartments for Rent in Portland, MO from $400 (24 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

Showing Results 1-24, Page 1 of 1

Portland, MO Local Guide

Cheapest Available Portland Apartments for Rent and Nearby

 

The cheapest available apartment rental in Portland, MO is a 1 Bed unit found at Schrimpf Management priced from $450. The Links at Columbia in the The Links of Columbia neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $775. Here is today’s list of the most affordable Portland apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Schrimpf Management1 Bedroom Apartments1BR,1BA$450
The Links at ColumbiaClassic Deluxe II1BR,1BA$775
Cliffside1X11BR,1BA$925
Stadium ApartmentsThe Greenbriar2BR,1BA$965
Broadway Village ApartmentsModel2BR,1BA$1,095

Best Value Apartments for Rent in Portland, MO and Nearby

As of March 15, 2025 the best value apartment in the Portland area is the $1.33 price per square foot Riviera Model at The Residences at Old Hawthorne in the in the The Links of Columbia neighborhood starting from $2,650. The second greatest value Portland apartment is the Springbrook floor plan Model at Rolling Rock starting at $1,920 with a $1.09 price per square foot in the Tiger Village Apartments neighborhood. 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 Residences at Old HawthorneRiviera3BR,2.5BA$1.33
Rolling RockSpringbrook floor plan4BR,2.5BA$1.09
Cliffside2x22BR,2BA$1.00
Wellington Manor3 BR W/ Garages3BR,2BA$1.02
Schrimpf Management2 Bedroom Apartments2BR,2BA$0.48
Campus Lodge4x44BR,4BA$0.49
Keeneland Downs ApartmentsLexington Floor Plan - Large 3 BEDROOM With Pool!3BR,2BA$1.14
Broadway Village ApartmentsModel2BR,1BA$1.04
The Quarters ColumbiaB - 2x22BR,2BA$0.98
Stadium ApartmentsThe Greenbriar2BR,1BA$1.32

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.

decorative image of people with a giant lease agreement

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

Explore Portland, MO Rentals by Map

Decorative image of map

See the most popular apartments and homes in Portland, MO

View MapPortland, MO Apartments MapView MapPortland, MO Rental Homes Map

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 $450 at Schrimpf Management.

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 $495 at Schrimpf Management.

What is the most affordable Portland Three Bedroom Apartment?

The best deal on a cheap Portland Three Bedroom Apartment rental is at Schrimpf Management and starts from $795.

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 Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

decorative image for What to Know About Fees and Fines When Renting article

What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

decorative image for How Your Move-In Inspection Can Protect Your Security Deposit article

How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.