
Cheap Apartments for Rent in the Northeast Portland Neighborhood of Portland, OR from $500 (135 Rentals)
Search the lowest-cost Apartments available for rent right now in the Northeast Portland area of Portland.


Zeal Lofts

The Village Coliving Community

The Outpost Coliving Community

Koz on Killingsworth

6628-6630-6630 NE Garfield Ave.

Koz on Interstate

Little King

822 N Killingsworth St, Unit #302

Nomad Apartments
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

Koz on Sandy

311

Prescott

Analog PDX

Monroe Street Apartments

1512 North Jarrett Street

4901-4905 N Maryland Ave

The Roux

Sullivan's Ridge

Kentonwood Dimensions

Rose City Flats: New Apartments near the Iconic Hollywood District

Savona Apartments

505 Dekum Apartments

Cadence

Hassalo on Eighth

King Street Lofts

MF 15 - N. Emerson

The Merrick

Forty One 11

Hank Reardon Plaza

The Cornerstone Apartments

Bookmark Apartments

Jasper

The Century

Shortstack Mississippi

Union

Grant Park Village

5536 N Maryland Ave

Arris

Laurel 42
Northeast Portland, Portland, OR Local Guide

How much does it cost to rent an apartment in Northeast Portland?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Northeast Portland Studio Apartments | $1,366 | $500 | $4,609 |
Northeast Portland 1 Bedroom Apartments | $1,995 | $850 | $5,715 |
Northeast Portland 2 Bedroom Apartments | $2,642 | $1,375 | $8,222 |
Northeast Portland 3 Bedroom Apartments | $2,904 | $1,760 | $3,972 |
Northeast Portland 4 Bedroom Apartments | $2,495 | $2,495 | $2,495 |
Browse Apartments in this Neighborhood
There are currently 135 rentals with your search options within a 1 mile radius of the Northeast Portland Neighborhood of Portland, OR.
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Northeast Portland, Portland, OR Local Guide
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Cheapest Available Northeast Portland Apartments for Rent
 The cheapest available apartment rental in the Northeast 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 Northeast 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 |
Kimberly Court | 1BR/1.0BA | 1BR,1BA | $895 |
Koz on Killingsworth | Studio | Studio,1BA | $943 |
Best Value Apartments for Rent in Northeast Portland, OR
As of March 27, 2025 the best value apartment in the Northeast Portland area is the $1.97 price per square foot Corner Model at 838 North Vancouver Avenue in the in the Northeast Portland neighborhood starting from $2,995. The second greatest value Northeast Portland apartment is the 3 Bedroom 1 Bath Model at Villas de Mariposas starting at $1,257 with a $1.08 price per square foot in the Cully neighborhood. Here is today’s list of the best values for Northeast Portland apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
838 North Vancouver Avenue | Corner | 3BR,3.5BA | $1.97 |
Villas de Mariposas | 3 Bedroom 1 Bath | 3BR,1.5BA | $1.08 |
Bailey Commons | 1BR/1.0BA | 1BR,1BA | $1.97 |
Hank Reardon Plaza | Townhouse Loft | 1BR,1BA | $1.63 |
Kiln | 1x1 | 1BR,1BA | $1.83 |
Hollywood Towne House Apartments | 1bd1ba5fl 744 | 1BR,1BA | $2.00 |
MF 14 - N Humboldt | 1BR/1.0BA | 1BR,1BA | $1.98 |
Margaret Carter Plaza | One Bathroom One Bedroom HUD Unit | 1BR,1BA | $1.39 |
Maya Angelou | 1 Bedroom 1 Bath | 1BR,1BA | $1.68 |
Kimberly Court | 1BR/1.0BA | 1BR,1BA | $1.95 |
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 LifestyleNortheast Portland, Portland, OR
Ranked #18
Among neighborhoods in Portland, OR for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Northeast Portland, Portland, OR
School data provided by Great Schools
Best Local Schools in Northeast Portland, Portland, OR
School data provided by Great Schools
Lifestyle Ratings
ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of rentals in cities and towns across the United States and customized analysis for North Central Portland, OR. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including filtering automatically for the best outdoor access, luxury housing options, kid and pet-friendly communities, availability of transit options, walking, and biking. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!
Frequently Asked Questions about Cheap Northeast Portland Apartments
What is a cheap apartment in Northeast Portland?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Northeast Portland is under $943.
What is the price of a cheap apartment in Northeast Portland?
The cheapest apartment in Northeast Portland is Park Terrace which is listed at $729, while the average apartment in Northeast Portland costs $4,250.
What types of apartments are the cheapest in Northeast 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 1,182 regular apartments in Northeast 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 Northeast Portland?
Cheap apartments in Northeast Portland have an average cost of $247 which is $4,003 cheaper than the average rent for all rentals in Northeast 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.

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.