
Cheap Apartments for Rent in the Centennial Neighborhood of Portland, OR from $800 (18 Rentals)
Search the lowest-cost Apartments available for rent right now in the Centennial area of Portland.


D Street Salal Apartments

Traditions at Hazelwood a 55+ Community

Parkview Apartments - 55+
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
Centennial, Portland, OR Local Guide

How much does it cost to rent an apartment in Centennial?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Centennial Studio Apartments | $1,336 | $1,050 | $1,965 |
Centennial 1 Bedroom Apartments | $1,380 | $1,075 | $2,015 |
Centennial 2 Bedroom Apartments | $1,671 | $1,195 | $2,650 |
Centennial 3 Bedroom Apartments | $1,927 | $1,341 | $2,992 |
Browse Apartments in this Neighborhood
There are currently 18 rentals with your search options within a 2 mile radius of the Centennial Neighborhood of Portland, OR.
See all Apartments in PortlandExplore Portland
Cheapest Available Centennial Apartments for Rent
 The cheapest available apartment rental in the Centennial area of Portland, OR is a 1 Bed unit found at Traditions at Hazelwood a 55+ Community priced from $995. D Street Salal Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,050. Here are the most affordable Centennial apartments for rent in Portland, OR:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Traditions at Hazelwood a 55+ Community | One Bedroom One Bath (A1S) | 1BR,1BA | $995 |
D Street Salal Apartments | STUDIO | Studio,1BA | $1,050 |
Parkview Apartments - 55+ | Studio | Studio,1BA | $1,100 |
Eastside Village Apartments | 1BR/1.0BA | 1BR,1BA | $1,149 |
Alder Royal Apartments | 1BR/1.0BA | 1BR,1BA | $1,150 |
Best Value Apartments for Rent in Centennial, OR
As of April 09, 2025 the best value apartment in the Centennial area is the $1.47 price per square foot 2 Bedroom 2 Bath Model at Trailside Apartments in the in the East Portland neighborhood starting from $1,575. The second greatest value Centennial apartment is the 2BR/1.5BA Model at Griffin Court starting at $1,500 with a $1.50 price per square foot in the East Portland neighborhood. Here is today’s list of the best values for Centennial apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Trailside Apartments | 2 Bedroom 2 Bath | 2BR,2BA | $1.47 |
Griffin Court | 2BR/1.5BA | 2BR,1.5BA | $1.50 |
Foothills Apartments | 2 Bedroom / 2 Bath | 2BR,2BA | $1.57 |
Sherman Villa | 2BR | 2BR,2BA | $1.45 |
630 SE 182nd Ave, Unit 4 | 630 SE 182nd Ave | 2BR,1.5BA | $1.40 |
Spruce Park Apartments | 2 Bedroom | 2BR,1BA | $1.73 |
Powell Court | #57 | 1BR,1BA | $1.77 |
Powell Butte Townhomes | 2BR/1.5BA | 2BR,1.5BA | $1.76 |
Parkside Manor | 1BR/1.0BA | 1BR,1BA | $1.70 |
Eastside Village Apartments | 1BR/1.0BA | 1BR,1BA | $1.75 |
Getting Around the Centennial Neighborhood in Portland, OR
Walk Score®
67 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
78 / 100
Very Bikeable
Biking is convenient for most trips
Transit Score®
47 / 100
Some Transit
A few 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 Centennial Apartments
What is a cheap apartment in Centennial?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Centennial is under $1,289.
What is the price of a cheap apartment in Centennial?
The cheapest apartment in Centennial is Traditions at Hazelwood a 55+ Community which is listed at $995, while the average apartment in Centennial costs $1,897.
What types of apartments are the cheapest in Centennial?
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 44 regular apartments in Centennial that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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.

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.