Cheap Apartments for Rent in the Central Northeast Portland Neighborhood of Portland, OR from $400 (4 Rentals)

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

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Vista Aero
3 to 4 Bedroom Apartments

Vista Aero

6840 NE Killingsworth StPortland, OR 97218
  • Utilities Included

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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Kimberly Court
1 Bedroom Apartments

Kimberly Court

5624-5762 NE 42nd AvePortland, OR 97218
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Villa de Suenos
4 Bedroom Apartments

Villa de Suenos

6444-6518 NE Killingsworth StPortland, OR 97218
  • Utilities Included

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

Central Northeast Portland, Portland, OR Local Guide

Best Value Apartments for Rent in Central Northeast Portland, OR

As of April 29, 2025 the best value apartment in the Central Northeast Portland area is the $1.72 price per square foot 3620-3628-3628 NE 45th Ave Model at 3620-3628-3628 NE 45th Ave in the in the Cully neighborhood starting from $2,495. The second greatest value Central Northeast Portland apartment is the 4 Bed 2 Bath PBV 60% MTSP Rent Limit Model at Clara Vista Townhomes starting at $1,696 with a $1.20 price per square foot in the Cully neighborhood. Here is today’s list of the best values for Central Northeast Portland apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
3620-3628-3628 NE 45th Ave3620-3628-3628 NE 45th Ave3BR,1BA$1.72
Clara Vista Townhomes4 Bed 2 Bath PBV 60% MTSP Rent Limit4BR,2BA$1.20
Los Jardines de la Paz4 Bedroom 2 Baths4BR,2BA$1.04
Villa de Suenos4 Bedroom 2 Baths PBV unit at 30% AMI4BR,2BA$0.65
Las Adelitas3 Bedrooms 1 Bath - 60% AMI3BR,1BA$1.57
4605-4609-4609 NE Killingsworth St4605-4609-4609 NE Killingsworth St2BR,1BA$1.56
Hollywood Towne House Apartments1bd1ba5fl 7441BR,1BA$2.00
Heights at Columbia Knoll Senior Apartments1-Bedroom1BR,1BA$1.60
Vista de Rosas1 Bedroom 1 Bath 50% AMI1BR,1BA$1.58
Villa de Clara Vista1 Bedroom 1 Bath PBV 50% AMI1BR,1BA$1.66

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Pet Friendly Lifestyle
Central Northeast Portland, Portland, OR

Ranked #145

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Frequently Asked Questions about Cheap Central Northeast Portland Apartments

What is a cheap apartment in Central Northeast Portland?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Central Northeast Portland is under $1,274.

What is the price of a cheap apartment in Central Northeast Portland?

The cheapest apartment in Central Northeast Portland is Las Adelitas which is listed at $451, while the average apartment in Central Northeast Portland costs $1,662.

What types of apartments are the cheapest in Central Northeast Portland?

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 31 regular apartments in Central Northeast Portland 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 Northeast Portland?

Cheap apartments in Central Northeast Portland have an average cost of $695 which is $967 cheaper than the average rent for all rentals in Central Northeast Portland.

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.

decorative image for A Portland Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent article

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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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

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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.