Cheap Apartments for Rent in the Centennial Neighborhood of Portland, OR from $800 (18 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Centennial area of Portland.

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Burlwood Apartments
1 to 3 Bedroom Apartments

Burlwood Apartments

14914 SE Division StPortland, OR 97236
  • Utilities Included
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The Alexis Apartments
Studio to 3 Bedroom Apartments

The Alexis Apartments

15075 SE Stark StPortland, OR 97233
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17007 SE Stark St
Studio to 1 Bedroom Apartments

17007 SE Stark St

17007 SE Stark StPortland, OR 97233

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

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Rose Apartments
1 Bedroom Apartments

Rose Apartments

1200 SE 162nd AvePortland, OR 97233
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ARBOR VIEW
1 to 2 Bedroom Apartments

ARBOR VIEW

2601-2675 SE 162nd AvePortland, OR 97236
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Parkside Manor
1 Bedroom Apartments

Parkside Manor

17439 SE Stark StGresham, OR 97030

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 ListingModel NameBed/BathPriced From
Traditions at Hazelwood a 55+ CommunityOne Bedroom One Bath (A1S)1BR,1BA$995
D Street Salal ApartmentsSTUDIOStudio,1BA$1,050
Parkview Apartments - 55+StudioStudio,1BA$1,100
Eastside Village Apartments1BR/1.0BA1BR,1BA$1,149
Alder Royal Apartments1BR/1.0BA1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Trailside Apartments2 Bedroom 2 Bath2BR,2BA$1.47
Griffin Court2BR/1.5BA2BR,1.5BA$1.50
Foothills Apartments2 Bedroom / 2 Bath2BR,2BA$1.57
Sherman Villa2BR2BR,2BA$1.45
630 SE 182nd Ave, Unit 4630 SE 182nd Ave2BR,1.5BA$1.40
Spruce Park Apartments2 Bedroom2BR,1BA$1.73
Powell Court#571BR,1BA$1.77
Powell Butte Townhomes2BR/1.5BA2BR,1.5BA$1.76
Parkside Manor1BR/1.0BA1BR,1BA$1.70
Eastside Village Apartments1BR/1.0BA1BR,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

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.

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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.

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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.

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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.

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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.