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Cheap New Apartments for Rent in Portland, OR from $500 (398 Rentals)Page 6 of 8
Search the lowest-cost Apartments available for rent right now in Portland.
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Built in 20221 to 3 Bedroom Apartments
Abbey Creek Apartment Homes
7107 NW 159th AvePortland, OR 97229
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from $989Built in 2025Studio to 3 Bedroom Apartments Contact Us For Availability
Cascara
4902 NE 94th AveVancouver, WA 98662
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from $1,139Built in 20171 to 3 Bedroom Apartments Contact Us For Availability
Sunset View Apartment Homes
1455 SW 163rd AveBeaverton, OR 97006
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 | $1,870 | $579 | $10,000+ |
| Portland 2 Bedroom Apartments | $2,299 | $850 | $10,000+ |
| Portland 3 Bedroom Apartments | $2,730 | $1,245 | $10,000+ |
| Portland 4 Bedroom Apartments | $2,777 | $1,889 | $4,000 |
Explore Portland
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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
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 $895.
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 $3,120.
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 6,646 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 $2,737 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.