Apartments for Rent in the Downtown Portland Neighborhood of Portland, WA (541 Rentals)

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Rent Specials
Contact Us For PricingStudio to 2 Bedroom Apartments Available Now

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124 NE 3rd AvePortland, OR 97232
Active Lifestyle
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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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How a Move-In Inspection Can Protect Your Security Deposit

Learn How a Move-In Inspection Can Protect Your Security Deposit from the Renter University at AparmentHomeLiving.com.

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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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Downtown Portland, Portland, WA Local Guide

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Downtown Portland, Portland, OR

Ranked #7

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.com is happy to bring you comprehensive Lifestyle Ratings of rentals and neighborhoods across the USA, and customized analysis for Central Portland, OR. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including our Star Ratings to compare for the best proximity to parks and outdoor amenities, luxury amenities, transit availability, pet-friendly communities, features that make it easier to raise kids, in addition to floorplans, availablity, and pricing. These search options are in the site filters at the top of this page.

Family-Friendly Rating

Do you have a family with young ones? this area is a good area for families, with a score of 4.0 out of 4. Family Friendly submarkets have features that support parents and kids in having fun and being healthy together. Family Friendly communities provide resources like parks, and access to highly-rated education.

Outdoors Rating

Love parks and outdoor amenities? Downtown Portland is a highly-rated neighborhood for nice outdoor spaces, with a score of 4.0 out of 4.

Luxury Living Rating

This section of town is now ranked as one of the finest upscale communities in town, with a score of 4.0 out of 4. Luxury Lifestyle Scoring is based on having high-end community amenities like pools, saunas, workout spaces, on-site concierge services, gardens, nearby parks, and nice home amenities like granite or quartz countertops and stainless steel appliances. Luxury neighborhoods also often offer tile or hardwood floors, sports like tennis and raquetball, and for some communities, even a doorman to greet residents.

Pet Friendly Rating

Are there dogs or cats in your life? this section of Portland ranks highly for raising pets (dogs and cats), with a score of 4.0 out of 4.

Frequently Asked Questions about Downtown Portland

How much are Studio apartments in Downtown Portland?

There are currently 203 Studio Apartments in Downtown Portland with rent ranges from $649 to $13,186 with an average price of $1,483.

What is the current price range for One Bedroom Downtown Portland Apartments for rent?

Today's rental pricing for One Bedroom Apartments in Downtown Portland ranges from $1,050 to $15,506 with an average monthly rent of $2,002.

What does renting a Two Bedroom Apartment in Downtown Portland cost?

The monthly rent prices of Two Bedroom Apartments currently available in Downtown Portland range from $1,200 to $10,000. Today's average rental price for Two Bedrooms here is $2,888.

How expensive are Downtown Portland Three Bedroom Apartments?

There are currently 39 Three Bedroom Apartments listings available in Downtown Portland on ApartmentHomeLiving.com. The pricing ranges from $1,773 to $26,948 - averaging $4,689 for the location.

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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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.