
Cheap Homes for Rent in North Eliot Neighborhood of Portland, OR from $1,500 (3 Rentals)
Search the lowest-cost Homes available for rent right now in the North Eliot area of Portland.


3507 NE 7th Ave

626 NE Russell St
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
North Eliot, Portland, OR Local Guide

How much does it cost to rent a home in North Eliot?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
North Eliot 3 Bedroom Homes for Rent | $2,650 | $2,650 | $2,650 |
North Eliot 4 Bedroom Homes for Rent | $5,866 | $3,200 | $10,000+ |
North Eliot 5 Bedroom Homes for Rent | $3,900 | $3,900 | $3,900 |
Browse Homes for Rent in this Neighborhood
There are currently 3 rentals with your search options within a 2 mile radius of the North Eliot Neighborhood of Portland, OR.
Explore Portland
North Eliot, Portland, OR Local Guide
- Nearby Portland neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Best Value Apartments for Rent in North Eliot, OR
As of March 27, 2025 the best value apartment in the North Eliot area is the $2.02 price per square foot 156 Model at 140 Sacramento Townhomes in the in the Northeast Portland neighborhood starting from $3,550. The second greatest value North Eliot apartment is the Whale Creek Model at The Canyons starting at $2,457 with a $2.72 price per square foot in the Northeast Portland neighborhood. Here is today’s list of the best values for North Eliot apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
140 Sacramento Townhomes | 156 | 3BR,3.5BA | $2.02 |
The Canyons | Whale Creek | 1BR,1BA | $2.72 |
Revere | 1D | 1BR,1BA | $2.84 |
NV Apartments | a4.1 Den | 1BR,1BA | $2.59 |
Martin | 1x1.5x2 | 1BR,1.5BA | $2.13 |
Little King | 2x1 | 2BR,1BA | $2.27 |
Cook Street | A1 | 1BR,1BA | $2.70 |
Margaret Carter Plaza | One Bathroom One Bedroom HUD Unit | 1BR,1BA | $1.39 |
The Century | Open 1 Bed A | Studio ,1BA | $2.63 |
Louie | STU | Studio ,1BA | $2.75 |
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.
Frequently Asked Questions about North Eliot
What type of rentals are currently available in North Eliot?
There are currently 72 Apartments for Rent in North Eliot, OR with pricing that ranges from $820 to $7,975. There are also 7 Single Family Homes for rent, Condos, and Townhome rentals currently available in North Eliot ranging from $1,450 to $10,200.
What is the current price range for Rental Homes in North Eliot?
Today's rental pricing for Homes for Rent, Condos and Townhomes in North Eliot ranges from $1,450 to $10,200 with an average monthly rent of $3,433.
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.

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.

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.