Cheap Apartments for Rent in the East Portland Neighborhood of Portland, OR from $600 (94 Rentals)

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

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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Midland Apartments
1 to 2 Bedroom Apartments

Midland Apartments

2016 SE 122nd AvePortland, OR 97233
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Leander Court
2 to 4 Bedroom Apartments

Leander Court

4620 SE 122nd AvePortland, OR 97236
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Rosewood Plaza
Studio Apartments

Rosewood Plaza

18173 NE Couch StPortland, OR 97230
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Burlwood Apartments
1 to 3 Bedroom Apartments

Burlwood Apartments

14914 SE Division StPortland, OR 97236
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The Alexis Apartments
Studio to 3 Bedroom Apartments

The Alexis Apartments

15075 SE Stark StPortland, OR 97233
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Hazel Heights
1 to 2 Bedroom Apartments

Hazel Heights

12621 SE Stark StPortland, OR 97233
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Mayfield Court Apartments
1 to 2 Bedroom Apartments

Mayfield Court Apartments

17675 SE Pine StPortland, OR 97233
Senior Living
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Tuscany Village
Studio to 2 Bedroom Apartments

Tuscany Village

1136 NE 181st AvePortland, OR 97230
Showing Results 1-50, Page 1 of 2

East Portland, Portland, OR Local Guide

Cheapest Available East Portland Apartments for Rent

 

The cheapest available apartment rental in the East Portland area of Portland, OR is a Studio unit found at MILEPOST 5 priced from $620. SM Multnomah Manor has the second lowest priced unit, which is a 1 Bed apartment currently listed from $822. Here are the most affordable East Portland apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
MILEPOST 5SROStudio,$620
SM Multnomah Manor1X1- 50% HUD1BR,1BA$822
Rose Tabor ApartmentsStudioStudio,1BA$925
Buri BuildingStudio ADAStudio,1BA$934
Glendoveer Woods ApartmentsStudio NO Washer & DryerStudio,1BA$959
TimberViewStudioStudio,1BA$999
The Bria Apartments1 Bed, 1 bath1BR,1BA$999
D Street Salal ApartmentsSTUDIOStudio,1BA$1,050
seaside021BR/1.0BA1BR,1BA$1,050
Huckleberry ApartmentsStudioStudio,1BA$1,050

Best Value Apartments for Rent in East Portland, OR

As of March 29, 2025 the best value apartment in the East Portland area is the $1.38 price per square foot 3BR 1 Bath Model at Irish Moss Plaza Apartments in the in the East Portland neighborhood starting from $1,575. The second greatest value East Portland apartment is the 3BR 1Bath Model at Fern Grove starting at $1,575 with a $1.39 price per square foot in the East Portland neighborhood. Here is today’s list of the best values for East Portland apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Irish Moss Plaza Apartments3BR 1 Bath3BR,1BA$1.38
Fern Grove3BR 1Bath3BR,1BA$1.39
Trailside Apartmentsts2x22BR,2BA$1.47
Sherman Villa2BR2BR,2BA$1.45
Lassam Terrace Apartments2 Bedroom 1 Bath2BR,1BA$1.45
Gateway Plaza Apartments1BD, 1BTH 45%1BR,1BA$1.44
Shalamar Apartments3 Beds, 1 Baths3BR,1BA$1.38
Gateway ParkOne Bedroom1BR,1BA$1.40
SM Multnomah Manor1X1- 50% HUD1BR,1BA$1.03
MILEPOST 5SROStudio ,0.5BA$1.46

Quick Rent Budget Calculator

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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
East Portland, Portland, OR

Ranked #41

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
East Portland, Portland, OR

School data provided by Great Schools

Best Local Schools in
East Portland, Portland, OR

School data provided by Great Schools

Lifestyle Ratings

Our team compiles millions of data points to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals in cities and towns across the United States including East Portland, Portland, and the greater Portland area. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including searching for the best amenities, and the best outdoor access, pet-friendly features, apartment complexes for the kids, proximity to transit, and other valuable search options. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Getting Around the East Portland Neighborhood in Portland, OR

Walk Score®

91 / 100

Walker’s Paradise

Daily errands do not require a car

Bike Score®

99 / 100

Biker's Paradise

Daily errands can be accomplished on a bike

Transit Score®

74 / 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 East Portland Apartments

What is a cheap apartment in East Portland?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in East Portland is under $1,050.

What is the price of a cheap apartment in East Portland?

The cheapest apartment in East Portland is SM Multnomah Manor which is listed at $822, while the average apartment in East Portland costs $2,058.

What types of apartments are the cheapest in East 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 156 regular apartments in East 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 East Portland?

Cheap apartments in East Portland have an average cost of $879 which is $1,179 cheaper than the average rent for all rentals in East 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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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.

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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.