Cheap Apartments for Rent in Portland, MO from $400 (17 Rentals)

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

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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
Broadway Village ApartmentsModel2BR,1BA$1,095
Keeneland Downs ApartmentsSeabiscuit Inner - Where Location Meets Conveni...2BR,1BA$1,100

Best Value Apartments for Rent in Portland, MO and Nearby

As of April 24, 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 2x2 Model at Cliffside starting at $1,500 with a $1.00 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 Residences at Old HawthorneRiviera3BR,2.5BA$1.33
Cliffside2x22BR,2BA$1.00
Wellington Manor3 BR W/ Garages3BR,2BA$1.02
Schrimpf Management2 Bedroom Apartments2BR,2BA$0.48
Campus Lodge4x44BR,4BA$0.49
The Links at ColumbiaCustom Deluxe III Executive Suite - Fully Furni...2BR,2BA$1.86
Broadway Village ApartmentsModel2BR,1BA$1.04
Keeneland Downs ApartmentsDreamer Floor Plan - Deluxe 2 Bedroom Apartment2BR,1BA$1.42
Aria ApartmentsPresto1BR,1BA$2.14

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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.

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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.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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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.