Cheap Short Term Lease Apartments for Rent in Portland, OR from $500 (222 Rentals)
Rental terms in Portland as short as a month! Perfect when you can't commit to a full year of renting.
Search the lowest-cost Apartments available for rent right now in Portland.

Hidden Court Apartments

Koz on Sandy

MERX Slabtown

Celio Apartments

Forty One 11
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

King Street Lofts

The Matisse

Cadence

The Merrick

Museum Place

The Dylan

The Strauss on Burnside

DOCK 59 APARTMENTS

Sandy Lofts

Britney Forest Apartments

Carolyn Court Apartments

North Hollow

The Cordelia

Grand Belmont

Sky3

Maestro

Marvel 29

TreeHouse

The Frankie

KADO NW

Cedar Lane and Garden Glen

Jasper

Highland Terrace Apartments

Cyan/PDX

20 Pettygrove

Union

Rivage

Cook Street

Asa Flats and Lofts

The Rodney

Osprey

Montclair Terrace

Slogan Apartments

Martin

1430 NW Pettygrove St
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 | $1,464 | $500 | $10,000+ |
Portland 1 Bedroom Apartments | $1,908 | $850 | $10,000+ |
Portland 2 Bedroom Apartments | $2,306 | $1,075 | $10,000+ |
Portland 3 Bedroom Apartments | $2,784 | $1,245 | $10,000+ |
Portland 4 Bedroom Apartments | $2,454 | $1,813 | $4,419 |
Portland 5 Bedroom Apartments | $4,500 | $4,500 | $4,500 |
Explore Portland
Portland, OR Local Guide
- Portland Neighborhoods
- Nearby Cities
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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.
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 the Cheapest Studio apartment in Portland?
Currently the most affordable Cheap Studio Apartment in Portland is at MILEPOST 5 listed at $620.
How much is rent for a Cheap One Bedroom Portland Apartment?
The lowest price for a Cheap One Bedroom Portland Apartment is $700 at Society 62.
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 $878 at Maya Angelou.
What is the most affordable Portland Three Bedroom Apartment?
The best deal on a cheap Portland Three Bedroom Apartment rental is at Shalamar Apartments and starts from $1,245.
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.

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.

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.