Cheap Apartments for Rent in the North Portland Neighborhood of Portland, OR from $500 (113 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. Ascend Apartments: New Micro Studios and Lofts has the second lowest priced unit, which is a Studio apartment currently listed from $795. 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
Ascend Apartments: New Micro Studios and LoftsStudio 1Studio,1BA$795
Zeal LoftsS - Standard 1Studio,1BA$820
The Village Coliving Community1BR/1.0BA1BR,1BA$850
Maya Angelou2 Bedroon 1 Bath2BR,1BA$878
Koz on KillingsworthStudioStudio,1BA$923
Fairmount ApartmentsStudio 02Studio,1BA$999
SippiStudio-SmallStudio,1BA$999

Best Value Apartments for Rent in North Portland, OR

As of March 10, 2025 the best value apartment in the North Portland area is the $1.62 price per square foot 2 Bedroom 2.5 Bathroom Townhome R Model at Creekside Village in the in the North Portland neighborhood starting from $2,350. The second greatest value North Portland apartment is the 4 Bedroom 3 Bath Model at Roosevelt Commons starting at $2,250 with a $1.62 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.
Creekside Village2 Bedroom 2.5 Bathroom Townhome R2BR,3BA$1.62
Roosevelt Commons4 Bedroom 3 Bath4BR,3BA$1.62
Bloc at 26th3BR/1.5BA3BR,1.5BA$1.64
Van Zuylen 1601-25 - Ash St. Crest2BR/1.0BA2BR,1BA$1.46
9832 N Clarendon Ave, Unit 9832 N Clarendon Ave9832 N Clarendon Ave1BR,1BA$1.56
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

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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 the Cheapest Studio apartment in North Portland?

Currently the most affordable Cheap Studio Apartment in North Portland is at Ascend Apartments: New Micro Studios and Lofts listed at $795.

How much is rent for a Cheap One Bedroom North Portland Apartment?

The lowest price for a Cheap One Bedroom North Portland Apartment is $729 at Park Terrace.

What is the lowest price for a Cheap Two Bedroom North Portland Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in North Portland is starting from $878 at Maya Angelou.

What is the most affordable North Portland Three Bedroom Apartment?

The best deal on a cheap North Portland Three Bedroom Apartment rental is at Plum Meadows and starts from $1,562.

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.