Cheap Homes for Rent in East Portland Neighborhood of Portland, OR from $1,000 (16 Rentals)

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Search the lowest-cost Homes 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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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

Best Value Apartments for Rent in East Portland, OR

As of March 23, 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
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
Halsey Summit Apartments2 Bedroom, 1 Bath2BR,1BA$1.45
Gateway ParkOne Bedroom1BR,1BA$1.40
SM Multnomah Manor1X1- 50% HUD1BR,1BA$1.03
MILEPOST 5SROStudio ,0.5BA$1.46

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Frequently Asked Questions about East Portland

What type of rentals are currently available in East Portland?

There are currently 817 Apartments for Rent in East Portland, OR with pricing that ranges from $700 to $2,537. There are also 73 Single Family Homes for rent, Condos, and Townhome rentals currently available in East Portland ranging from $1,095 to $4,995.

What is the current price range for Rental Homes in East Portland?

Today's rental pricing for Homes for Rent, Condos and Townhomes in East Portland ranges from $1,095 to $4,995 with an average monthly rent of $2,385.

How much are larger Three and Four Bedroom Rentals in East Portland?

For those who are looking for larger living arrangements, Three Bedroom Apartments in East Portland range from $1,245 to $2,537, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,795 to $4,995. Four Bedroom Single-Family rentals are also available starting from $2,295 and Four Bedroom Apartments start at $1,813.

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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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.

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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.