
Cheap Apartments for Rent in the North Portland Neighborhood of Portland, OR from $500 (195 Rentals)
Search the lowest-cost Apartments available for rent right now in the North Portland area of Portland.


The Village Coliving Community

The Outpost Coliving Community

Koz on Killingsworth

6628-6630-6630 NE Garfield Ave.

Koz on Interstate

Fairmount Apartments

Kenton Commons
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

822 N Killingsworth St, Unit #302

311 NE Graham St

Nomad Apartments

Central Chalet Apartments

Bridgeview Apartments

Analog PDX

King Street Lofts

Monroe Street Apartments

4901-4905 N Maryland Ave

1512 North Jarrett Street

The Roux

Kentonwood Dimensions

Cathedral Village

Cadence

Savona Apartments

505 Dekum Apartments

MF 15 - N. Emerson

Parkside Commons

Rivage

Forty One 11

Hank Reardon Plaza

Cathedral Park

Harbor Sky

The Century

Marvel 29

Shortstack Mississippi

8007-8015-8015 N Denver Ave

8808 N Edison St

5536 N Maryland Ave

Bridgetown Lofts

Cook Street

Arris
North Portland, Portland, OR Local Guide

How much does it cost to rent an apartment in North Portland?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
North Portland Studio Apartments | $1,409 | $820 | $4,609 |
North Portland 1 Bedroom Apartments | $1,912 | $850 | $5,691 |
North Portland 2 Bedroom Apartments | $2,542 | $1,200 | $8,155 |
North Portland 3 Bedroom Apartments | $2,867 | $1,562 | $5,500 |
North Portland 4 Bedroom Apartments | $2,484 | $2,474 | $2,495 |
Browse Apartments in this Neighborhood
There are currently 195 rentals with your search options within a 1 mile radius of the North Portland Neighborhood of Portland, OR.
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North Portland, Portland, OR Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Park Terrace | One Bedroom One Bathroom Unit Income and rent r... | 1BR,1BA | $729 |
Margaret Carter Plaza | One Bathroom One Bedroom HUD Unit | 1BR,1BA | $802 |
Zeal Lofts | S - Standard 1 | Studio,1BA | $820 |
The Village Coliving Community | 1BR/1.0BA | 1BR,1BA | $850 |
Maya Angelou | 2 Bedroon 1 Bath | 2BR,1BA | $878 |
Ascend Apartments: New Micro Studios and Lofts | Studio 1 | Studio,1BA | $895 |
Koz on Killingsworth | Studio | Studio,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Yacht Harbor Club | Mainsail | 2BR,2BA | $1.68 |
Creekside Village | 2 Bedroom 2.5 Bathroom Townhome R | 2BR,3BA | $1.55 |
Roosevelt Commons | 4 Bedroom 3 Bath | 4BR,3BA | $1.62 |
Fir Grove | 3x2 Townhome MFTE | 3BR,2BA | $1.53 |
9230 North Saint Louis Avenue, Unit 9230 | 9230 North Saint Louis Avenue | 2BR,1BA | $1.61 |
Plum Meadows | 2x1 | 2BR,1BA | $1.50 |
Villas at Bridge Creek | 2 Bedroom | 2BR,1BA | $1.56 |
Hank Reardon Plaza | Townhouse Loft | 1BR,1BA | $1.63 |
Bridgeview Apartments | One Bedroom | 1BR,1BA | $1.60 |
Margaret Carter Plaza | One Bathroom One Bedroom HUD Unit | 1BR,1BA | $1.39 |
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.
Pet Friendly LifestyleNorth Portland, Portland, OR
Ranked #12
Among neighborhoods in Portland, OR for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
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.

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.

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.

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.