Cheap Apartments for Rent in the North Portland Neighborhood of Portland, OR from $500 (195 Rentals)

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Search the lowest-cost Apartments available for rent right now in the North 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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North Portland, Portland, OR Local Guide

Cheapest Available North Portland Apartments for Rent

 

The cheapest available apartment rental in the North Portland area of Portland, OR is a 1 Bed unit found at Park Terrace priced from $729. Margaret Carter Plaza has the second lowest priced unit, which is a 1 Bed apartment currently listed from $802. Here are the most affordable North Portland apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Park TerraceOne Bedroom One Bathroom Unit Income and rent r...1BR,1BA$729
Margaret Carter PlazaOne Bathroom One Bedroom HUD Unit1BR,1BA$802
Zeal LoftsS - Standard 1Studio,1BA$820
The Village Coliving Community1BR/1.0BA1BR,1BA$850
Maya Angelou2 Bedroon 1 Bath2BR,1BA$878
Ascend Apartments: New Micro Studios and LoftsStudio 1Studio,1BA$895
Koz on KillingsworthStudioStudio,1BA$943

Best Value Apartments for Rent in North Portland, OR

As of March 22, 2025 the best value apartment in the North Portland area is the $1.68 price per square foot Mainsail Model at Yacht Harbor Club in the in the North Portland neighborhood starting from $3,037. The second greatest value North Portland apartment is the 2 Bedroom 2.5 Bathroom Townhome R Model at Creekside Village starting at $2,250 with a $1.55 price per square foot in the North Portland neighborhood. Here is today’s list of the best values for North Portland apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Yacht Harbor ClubMainsail2BR,2BA$1.68
Creekside Village2 Bedroom 2.5 Bathroom Townhome R2BR,3BA$1.55
Roosevelt Commons4 Bedroom 3 Bath4BR,3BA$1.62
Fir Grove3x2 Townhome MFTE3BR,2BA$1.53
9230 North Saint Louis Avenue, Unit 92309230 North Saint Louis Avenue2BR,1BA$1.61
Plum Meadows2x12BR,1BA$1.50
Villas at Bridge Creek2 Bedroom2BR,1BA$1.56
Hank Reardon PlazaTownhouse Loft1BR,1BA$1.63
Bridgeview ApartmentsOne Bedroom1BR,1BA$1.60
Margaret Carter PlazaOne Bathroom One Bedroom HUD Unit1BR,1BA$1.39

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Pet Friendly Lifestyle
North Portland, Portland, OR

Ranked #12

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
North Portland, Portland, OR

School data provided by Great Schools

Best Local Schools in
North Portland, Portland, OR

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of neighborhoods, cities, and rental properties across Oregon, including Portland. 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 proximity to parks, features that make it easier to raise kids, raising pets, transit options, and more. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap North Portland Apartments

What is a cheap apartment in North Portland?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in North Portland is under $943.

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

The cheapest apartment in North Portland is Park Terrace which is listed at $729, while the average apartment in North Portland costs $2,670.

What types of apartments are the cheapest in North 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 1,533 regular apartments in North 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 North Portland?

Cheap apartments in North Portland have an average cost of $194 which is $2,476 cheaper than the average rent for all rentals in North 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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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.