Cheap Apartments for Rent in the Central Eastside Neighborhood of Portland, OR from $600 (75 Rentals)

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Cheap Apartments in the Central Eastside area of Portland.

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5 MLK
Rent Specials
from $1,499Studio to 2 Bedroom Apartments Available Now

5 MLK

5 SE Martin Luther King Jr BlvdPortland, OR 97214
Transit Friendly
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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
Wellesley Court Apartments0BR/1.0BAStudio,1BA$995
Brooklyn FlatsStudio / 1 bathStudio,1BA$1,100
Skylar GrandUrban 1 Bedroom 01EStudio,1BA$1,170
AcquaStudioStudio,1BA$1,175
Buckman HeightsStudio - Income Restrictions ApplyStudio,1BA$1,183
Jute ApartmentsVelvetStudio,1BA$1,190

Best Value Apartments for Rent in Central Eastside, OR

As of May 08, 2025 the best value apartment in the Central Eastside area is the $2.29 price per square foot Morrison Studio B Model at Honeyman Hardware Lofts in the in the Pearl District neighborhood starting from $2,475. The second greatest value Central Eastside apartment is the 2x2 1060 sq. ft. Broadway Model at linc245 Apartments starting at $2,460 with a $2.32 price per square foot in the Southwest 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.
Honeyman Hardware LoftsMorrison Studio BStudio ,1BA$2.29
linc245 Apartments2x2 1060 sq. ft. Broadway2BR,2BA$2.32
linc301 Apartments1x1 + Den 828 sq. ft. Sellwood1BR,1BA$2.04
Parkview Apartments1bd1ba2fl 7501BR,1BA$1.99
327 Northwest Park Avenue, Unit Apartment 3-D327 Northwest Park Avenue1BR,1BA$2.26
Harrison Tower Apartment HomesResidence 2 Club Level1BR,1BA$2.43
WaterleafStudio-60%Studio ,1BA$2.13
Central Eastside LoftsBUCKMAN LOFT1BR,1BA$2.34
Wellesley Court Apartments0BR/1.0BAStudio ,1BA$2.37
Modern Rich Apartments0BR/1.0BAStudio ,1BA$2.16

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Central Eastside, Portland, OR

Ranked #24

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 $1,190.

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 $3,031.

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 93 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 $243 which is $2,788 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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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

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