
Cheap Studio Apartments for Rent in Portland, OR from $500 (490 Rentals)


Terrace Glen Apartments

Morrison Park Apartments

Allendale Apartments

Koz on Killingsworth

Tiller Terrace
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

Washington Plaza Apartments

Buri Building

Hazel Ying Lee Apartments

The Yards at Union Station

Nob Hill Court Apartments

Glendoveer Woods Apartments

Regency Apartments

Ongford Apartments

Hidden Court Apartments

Goose Hollow Tower

2405 NW Irving St, Unit 2431-13

20 Pettygrove

MF 11 - Cedarhurst Village Apartments

Studio Pointe Apartments

The Fredrick

Wimbledon Square And Gardens

Little King

Sullivan's Ridge

822 N Killingsworth St, Unit #302

Vintage Apartment near Nob Hill !

1626 SE Alder 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 | $1,444 | $500 | $7,090 |
Portland 1 Bedroom Apartments | $1,869 | $579 | $10,000+ |
Portland 2 Bedroom Apartments | $2,287 | $850 | $10,000+ |
Portland 3 Bedroom Apartments | $2,752 | $1,245 | $10,000+ |
Portland 4 Bedroom Apartments | $2,780 | $1,813 | $4,000 |
Explore Portland

Portland, OR Local Guide
- Portland Neighborhoods
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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 $620 at MILEPOST 5.
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 $620 at MILEPOST 5.
What is the most affordable Portland Three Bedroom Apartment?
The best deal on a cheap Portland Three Bedroom Apartment rental is at MILEPOST 5 and starts from $620.
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.