Cheap Homes for Rent in Portland, OR from $800 (165 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Cheap Homes in Portland.

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.

Read Article
property at 5130 N Yale St

5130 N Yale St

PortlandOR97203

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.

Read Article
property at 20 NW 16th Ave

20 NW 16th Ave

PortlandOR97209

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

Read Article
Showing Results 1-50, Page 1 of 4

Portland, OR Local Guide

Cheapest Neighborhoods for Apartments in Portland, OR

Pricing Updated: 05/06/2025

Current apartment rentals in the Portland, OR area range in price from $451 to $26,948 with an overall median price of $2,993. The three Portland neighborhoods with the lowest median rent pricing are Beaumont Wilshire at $1,195, Lents Powellhurst Gilbert at $1,595, and Mt Scott Arleta at $950. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Portland Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Beaumont Wilshire$1,195$1,1951
Lents Powellhurst Gilbert$1,595$1,5951
Mt Scott Arleta$1,600$95018
Parkrose$1,625$70083
Central Northeast Portland$1,662$45169
Cully$1,662$45166
Sumner$1,662$451131
Portland International Airport$1,712$45188
Mill Park$1,734$1,12513
Powellhurst-Gilbert$1,738$1,07552

Cheapest Available Portland Apartments for Rent

 

The cheapest available apartment rental in Portland, OR is a 1 Bed unit found at Las Adelitas in the Cully neighborhood priced from $451. MILEPOST 5 in the Southeast Portland neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $620. Here is today’s list of the most affordable Portland apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Las Adelitas1 Bedroom 1 Bath - 30% AMI PSH1BR,1BA$451
MILEPOST 5SROStudio,$620
Modern Rich Apartments0BR/1.0BAStudio,1BA$649
Society 62Private Room1BR,$700
Park TerraceOne Bedroom One Bathroom Unit Income and rent r...1BR,1BA$729
Zeal LoftsS - Standard 2Studio,1BA$795
Morrison Park ApartmentsStudio - 50%Studio,1BA$800
SM Multnomah Manor1X1- 50% HUD1BR,1BA$822
Villa de Suenos4 Bedroom 2 Baths PBV unit at 30% AMI4BR,2BA$848
Margaret Carter PlazaOne Bathroom One Bedroom HUD Unit1BR,1BA$848

Best Value Apartments for Rent in Portland, OR

As of May 06, 2025 the best value apartment in the Portland area is the $1.20 price per square foot 3x2.5 Model at The Willows in the in the East Portland neighborhood starting from $2,595. The second greatest value 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 Portland apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Willows3x2.53BR,2.5BA$1.20
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
Lincoln Townhomes2 Bedroom 1.5 Bath sm2BR,1.5BA$1.30
Plaza de Cedro3 bedroom3BR,2BA$1.10
Irish Moss Plaza Apartments3BR 1 Bath3BR,1BA$1.31
Village Park ApartmentsGeneva2BR,1.5BA$1.29
SM Multnomah Manor1X1- 50% HUD1BR,1BA$1.03
Park TerraceOne Bedroom One Bathroom Unit Income and rent r...1BR,1BA$1.35

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.

decorative image of people with a giant lease agreement

Frequently Asked Questions about Portland

What type of rentals are currently available in Portland?

There are currently 6345 Apartments for Rent in Portland, OR with pricing that ranges from $451 to $26,948. There are also 591 Single Family Homes for rent, Condos, and Townhome rentals currently available in Portland ranging from $800 to $15,000.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Portland ranges from $800 to $15,000 with an average monthly rent of $3,243.

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

For those who are looking for larger living arrangements, Three Bedroom Apartments in Portland range from $1,245 to $26,948, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,795 to $5,800. Four Bedroom Single-Family rentals are also available starting from $2,295 and Four Bedroom Apartments start at $1,889.

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.

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

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.

decorative image for Navigating the Rental Market: Tips for First-Time Renters article

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.

decorative image for Rise of Digital Nomads: Remote Work Tips for Apartment Renters article

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.