
Cheap New Apartments for Rent in Portland, OR from $500 (416 Rentals)Page 3 of 9
Search the lowest-cost Apartments available for rent right now in Portland.


The Canopy Apartments at Powell

Soleil

Shortstack Mississippi

Insley Apartments

230 Ash

The Dylan

East of Eleven

Northwood

Sunnyside

Solace

Hygge

Grand Belmont

Homeroom Apartments

North Hollow

Arris

The Strauss on Burnside

Hassalo on Eighth

Sanctuary Apartments

Harbor Sky

Sunshine Portland

Prose Hayden Island

The Century

Denizen OR

AVIVA Apartments

Oro Apartments

56 Commons Apartments

Slogan Apartments

Q21 Apartments

1930 Alberta

mResidences Portland Pearl District

The Carson

Slabtown Flats

The Rodney

Bridgeton Apartments

The Cameron

Couch9

Álmr

Tempo PDX

The Union at St John's.

Amara

Anthem PDX

Akoya

Fremont St Apartments

Beautifully finished apartments in N Portland

Northpointe

Gossamer

Ellis Flats

Central Lofts

The Annex At Bridgeton
Portland, OR Local Guide

How much does it cost to rent an apartment in Portland?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Portland Studio Apartments | $1,441 | $500 | $7,179 |
Portland 1 Bedroom Apartments | $1,872 | $579 | $10,000+ |
Portland 2 Bedroom Apartments | $2,299 | $850 | $10,000+ |
Portland 3 Bedroom Apartments | $2,749 | $1,245 | $10,000+ |
Portland 4 Bedroom Apartments | $2,773 | $1,813 | $4,000 |
Explore Portland
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
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
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 $878.
What is the price of a cheap apartment in Portland?
The cheapest apartment in Portland is Park Terrace which is listed at $729, while the average apartment in Portland costs $3,118.
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 6,709 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 $383 which is $2,735 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.

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.

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.

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.

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.