Cheap Apartments for Rent in the Central Eastside Neighborhood of Portland, OR from $600 (77 Rentals)

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

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Grand Oak Apartments
Studio to 1 Bedroom Apartments

Grand Oak Apartments

400-418 SE Grand AvePortland, OR 97214
  • Utilities Included
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Yamhill Apartments
Studio to 1 Bedroom Apartments

Yamhill Apartments

630 SE Yamhill StPortland, OR 97214
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Del Rey Apartments
Studio to 1 Bedroom Apartments

Del Rey Apartments

2555 NE Glisan StPortland, OR 97232
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Central Eastside, Portland, OR Local Guide

Cheapest Available Central Eastside Apartments for Rent

 

The cheapest available apartment rental in the Central Eastside area of Portland, OR is a Studio unit found at Modern Rich Apartments priced from $649. Morrison Park Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $800. Here are the most affordable Central Eastside apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Modern Rich Apartments0BR/1.0BAStudio,1BA$649
Morrison Park ApartmentsStudio - 50%Studio,1BA$800
The Yards at Union StationSTUDIO BStudio,1BA$950
Koz on 13thStudioStudio,1BA$952
Brooklyn FlatsStudio / 1 bathStudio,1BA$1,100
Wellesley Court Apartments1BR/1.0BA1BR,1BA$1,115
WaterleafStudio-60%Studio,1BA$1,156
Buckman HeightsStudio - Income Restrictions ApplyStudio,1BA$1,183
Memoir BuckmanS6-MULTEStudio,1BA$1,185
Skylar GrandStudio 01DStudio,1BA$1,185

Best Value Apartments for Rent in Central Eastside, OR

As of April 21, 2025 the best value apartment in the Central Eastside area is the $1.73 price per square foot Plan 2AR Model at Essex House in the in the Downtown neighborhood starting from $2,087. The second greatest value Central Eastside apartment is the 1bd1ba2fl 750 Model at Parkview Apartments starting at $1,495 with a $1.99 price per square foot in the Southeast Portland neighborhood. Here is today’s list of the best values for Central Eastside apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Essex HousePlan 2AR2BR,2BA$1.73
Parkview Apartments1bd1ba2fl 7501BR,1BA$1.99
327 Northwest Park Avenue, Unit Apartment 3-D327 Northwest Park Avenue1BR,1BA$2.26
Honeyman Hardware LoftsBroadway Studio BStudio ,1BA$2.34
linc301 Apartments1x1 620 sq. ft. Hawthorne1BR,1BA$2.08
WaterleafStudio-60%Studio ,1BA$2.02
Central Eastside LoftsBUCKMAN LOFT1BR,1BA$2.34
Wellesley Court Apartments1BR/1.0BA1BR,1BA$2.14
The Yards at Union StationSTUDIO BStudio ,1BA$2.13
Modern Rich Apartments0BR/1.0BAStudio ,1BA$2.16

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Pet Friendly Lifestyle
Central Eastside, Portland, OR

Ranked #25

Among neighborhoods in Portland, OR for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of neighborhoods, areas, and rental properties across Oregon including Central Eastside, Portland, and the greater Portland area. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including our Star Ratings to compare for easy access to the parks, luxury amenities, apartment communities for the kids, raising pets, transit options, and how walkable or bikeable each community and area is. These search options are in the site filters at the top of this page.

Getting Around the Central Eastside Neighborhood in Portland, OR

Walk Score®

84 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

100 / 100

Biker's Paradise

Daily errands can be accomplished on a bike

Transit Score®

80 / 100

Excellent Transit

Transit is convenient for most trips

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 Central Eastside Apartments

What is a cheap apartment in Central Eastside?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Central Eastside is under $1,185.

What is the price of a cheap apartment in Central Eastside?

The cheapest apartment in Central Eastside is The Yards at Union Station which is listed at $1,000, while the average apartment in Central Eastside costs $3,147.

What types of apartments are the cheapest in Central Eastside?

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 72 regular apartments in Central Eastside 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 Central Eastside?

Cheap apartments in Central Eastside have an average cost of $184 which is $2,963 cheaper than the average rent for all rentals in Central Eastside.

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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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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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.