Cheap 3 Bedroom Apartments for Rent in Portland, OR from $1,245 (111 Rentals)

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Portland’s Best Affordable Neighborhoods

Learn about Portland and the best places to live with original content written by our Portland, OR Local Expert Chad Deitchley

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Rockwood Landing
3 Bedroom Apartments

Rockwood Landing

19045 SE Yamhill StPortland, OR 97233
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Vista Aero
3 Bedroom Apartments

Vista Aero

6840 NE Killingsworth StPortland, OR 97218
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Leander Court
3 Bedroom Apartments

Leander Court

4620 SE 122nd AvePortland, OR 97236
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King Dishman
3 Bedroom Apartments

King Dishman

4942-4956 NE 6th AvePortland, OR 97211
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Burlwood Apartments
3 Bedroom Apartments

Burlwood Apartments

14914 SE Division StPortland, OR 97236
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Z_McCoy Village
3 Bedroom Apartments

Z_McCoy Village

4310 NE Martin Luther King Jr BlvdPortland, OR 97211
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Dalton Park Apartments
3 Bedroom Apartments

Dalton Park Apartments

14201 E Burnside StPortland, OR 97233
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Clara Vista Townhomes
3 Bedroom Apartments

Clara Vista Townhomes

5315-5335 NE Cully BlvdPortland, OR 97218
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Plaza de Cedro
3 Bedroom Apartments

Plaza de Cedro

10801-10805 NE Fremont StPortland, OR 97220
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Z_Kateri Park
3 Bedroom Apartments

Z_Kateri Park

3640 SE 28th AvePortland, OR 97202
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The Dolphin Apartments
3 Bedroom Apartments

The Dolphin Apartments

6818 SE Division StPortland, OR 97206
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Holly Hill Apartments
3 Bedroom Apartments

Holly Hill Apartments

11605 SW Butner RdPortland, OR 97225
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Tabor West Apartments
3 Bedroom Apartments

Tabor West Apartments

6400-6476 SE Division StPortland, OR 97206
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LuDon Apartments
3 Bedroom Apartments

LuDon Apartments

4501-4537 SW Luradel StPortland, OR 97219
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Wellington Square
3 Bedroom Apartments

Wellington Square

19849 NE Halsey StPortland, OR 97230
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Brittany Place
3 Bedroom Apartments

Brittany Place

2916 SE 125th AvePortland, OR 97236
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Patricia Anne
3 Bedroom Apartments

Patricia Anne

737 SE 187th AvePortland, OR 97233
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Shadow Lane Duplexes
3 Bedroom Apartments

Shadow Lane Duplexes

18660 NW Shadow LnPortland, OR 97229
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The Alexis Apartments
3 Bedroom Apartments

The Alexis Apartments

15075 SE Stark StPortland, OR 97233
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Golden Key Manor
3 Bedroom Apartments

Golden Key Manor

1726 NE Hancock StPortland, OR 97212
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Syracuse
3 Bedroom Apartments

Syracuse

7210 N Burlington AvePortland, OR 97203
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Village Garden Apartments
3 Bedroom Apartments

Village Garden Apartments

15230-15360 NE Sandy BlvdPortland, OR 97230
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Portland, OR Local Guide

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.

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Getting Around Portland, OR

Walk Score®

75 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

85 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

54 / 100

Good Transit

Many nearby public transportation options

Frequently Asked Questions about Cheap Portland Apartments

What is a cheap apartment in Portland?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Portland is under $800.

What is the price of a cheap apartment in Portland?

The cheapest apartment in Portland is Shalamar Apartments which is listed at $1,245, while the average apartment in Portland costs $2,986.

What types of apartments are the cheapest in Portland?

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 6,024 regular apartments in Portland 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 Portland?

Cheap apartments in Portland have an average cost of $430 which is $2,556 cheaper than the average rent for all rentals in Portland.

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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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.

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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.