Cheap Apartments for Rent in Portland, OR from $500 (1,627 Rentals)Page 5 of 33
Search the lowest-cost Apartments available for rent right now in Portland.

linc301 Apartments

Shortstack Mississippi

Insley Apartments

8808 N Edison St

11102-11130 SW 62nd Ave

8007-8015-8015 N Denver Ave

17476 SE Powell Blvd

Clay & Tiffany

Allen Creek Apartments

Laurel 42

Highland Terrace Apartments

Clinton Court

The Morgan

Grant Park Village

Sunshine Portland

Sunnyside

Union

Grand Belmont

Hygge

Homeroom Apartments

The Nash

Nehalem 13

The Maples

Colonial Villa Apartments

6711 SE 65th Ave, Unit Breezy Brentwood Bungalow

12924-12928 E Burnside St

5536 N Maryland Ave

3829 SE Washington St, Unit A

North Hollow

Bridgetown Lofts

Cook Street

Tabor View Lofts

Arris

Sky3

Burnside 26

Terwilliger

Irving Court Apartments

12600 NW Barnes Rd

Prose Hayden Island

Tempo PDX

The Matisse

MERX Slabtown

Oro Apartments

Ellis Flats

The Addy

Alta Peak
Portland, OR Local Guide

How much does it cost to rent an apartment in Portland?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Cheap Portland Studio Apartments | $1,458 | $500 | $10,000+ |
Cheap Portland 1 Bedroom Apartments | $1,893 | $850 | $10,000+ |
Cheap Portland 2 Bedroom Apartments | $2,299 | $1,075 | $10,000+ |
Cheap Portland 3 Bedroom Apartments | $2,781 | $1,245 | $10,000+ |
Cheap Portland 4 Bedroom Apartments | $2,473 | $1,813 | $4,242 |
Portland 5 Bedroom Apartments | $4,500 | $4,500 | $4,500 |
Browse Top Apartments in Portland
See all Apartments in PortlandExplore 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 $729.
What is the price of a cheap apartment in Portland?
The cheapest apartment in Portland is Society 62 which is listed at $700, while the average apartment in Portland costs $2,936.
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 115,601 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 $419 which is $2,517 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.

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.

What to Know About Fees and Fines When Renting
Written by: Trey Huguley
When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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.