Cheap Apartments for Rent in the Downtown Neighborhood of Portland, OR from $500 (141 Rentals)Page 3 of 3
Search the lowest-cost Apartments available for rent right now in the Downtown area of Portland.
Downtown, Portland, OR Local Guide

How much does it cost to rent an apartment in Downtown?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Downtown Studio Apartments | $1,523 | $649 | $6,609 |
Downtown 1 Bedroom Apartments | $1,911 | $999 | $6,360 |
Downtown 2 Bedroom Apartments | $2,793 | $1,200 | $10,000+ |
Downtown 3 Bedroom Apartments | $5,579 | $1,678 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 141 rentals with your search options within a 2 mile radius of the Downtown Neighborhood of Portland, OR.
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Frequently Asked Questions about Cheap Downtown Apartments
What is a cheap apartment in Downtown?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown is under $995.
What is the price of a cheap apartment in Downtown?
The cheapest apartment in Downtown is Westfal Apartments which is listed at $1,095, while the average apartment in Downtown costs $3,186.
What types of apartments are the cheapest in Downtown?
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 805 regular apartments in Downtown 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 Downtown?
Cheap apartments in Downtown have an average cost of $114 which is $3,072 cheaper than the average rent for all rentals in Downtown.
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.

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.

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.

What to Know About Fees and Fines When Renting
Written by: Trey Huguley
When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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.