
New Apartments for Rent in Portland, OR Under $1,200 (117 Rentals)


MERX Slabtown

Analog PDX

Nomad Apartments

Q21 Apartments

MW8 - Shared and Furnished Housing

Jute Apartments

Sanctuary Apartments

TimberView

Koz on NW 16th
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

Skylar Grand

Koz on Killingsworth

Koz on 13th

The Collective on 4th

Waterleaf

Tiller Terrace

Traditions at Hazelwood a 55+ Community

Dean River

Bridgetown Lofts

Yard

Monroe Street Apartments

Parallax

Acqua

Laurel 42

Koz on 4th

311

Brookland Apartments

Studio Pointe Apartments

Rose City Flats: New Apartments near the Iconic Hollywood District

The Aurora

107th Apartments

The Opal Apartments

Kentonwood Dimensions

505 Dekum Apartments

Derby Slabtown

The Hawthorne

Hazel Ying Lee Apartments

Zeal Lofts

Terrace Glen Apartments

Shift

Brooklyn Flats

Koz on Sandy

Commons at Sylvan Canyon Apartments

Savona Apartments

Vine Maple

The Amy

Lower Burnside Lofts

Cathedral Village

Crescent Court

Huckleberry Apartments
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 | $1,457 | $500 | $10,000+ |
Portland 1 Bedroom Apartments | $1,886 | $579 | $10,000+ |
Portland 2 Bedroom Apartments | $2,284 | $1,075 | $10,000+ |
Portland 3 Bedroom Apartments | $2,787 | $1,245 | $10,000+ |
Portland 4 Bedroom Apartments | $2,459 | $1,813 | $4,434 |
Portland 5 Bedroom Apartments | $4,375 | $4,250 | $4,500 |
Explore Portland
Portland, OR Local Guide
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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 New Portland Apartments
What is the Cheapest New apartment in Portland?
Currently the most affordable New Apartment in Portland is at Zeal Lofts listed at $820.
How much is the average rent for a New Portland Apartment?
The average rent for a New Apartment in Portland is $2,249.
What is the largest New Portland Apartment for rent?
Today's New apartment with the most square footage in Portland is a 4,000 square feet unit starting from $1,821 at Yacht Harbor Club.
What is the average size for Portland New Apartments for rent?
The average size for a New rental in Portland is currently at 537 sq ft.
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.