Cheap Apartments for Rent in the Northeast Portland Neighborhood of Portland, OR from $500 (130 Rentals)

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

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. 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 Northeast 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
Margaret Carter PlazaOne Bathroom One Bedroom HUD Unit1BR,1BA$802
Zeal LoftsS - Standard 1Studio,1BA$845
Maya Angelou2 Bedroon 1 Bath2BR,1BA$878
Kimberly Court1BR/1.0BA1BR,1BA$895
The Village Coliving Community1BR/1.0BA1BR,1BA$925
Koz on KillingsworthStudioStudio,1BA$931
Parallax0X1Studio,1BA$999
SippiStudio-SmallStudio,1BA$999

Best Value Apartments for Rent in Northeast Portland, OR

As of February 28, 2025 the best value apartment in the Northeast Portland area is the $1.08 price per square foot 3 Bedroom 1 Bath Model at Villas de Mariposas in the in the Cully neighborhood starting from $1,257. The second greatest value Northeast Portland apartment is the 2x2a Model at The Russell by Trion Living starting at $2,025 with a $1.93 price per square foot in the Northeast Portland neighborhood. Here is today’s list of the best values for Northeast Portland apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Villas de Mariposas3 Bedroom 1 Bath3BR,1.5BA$1.08
The Russell by Trion Living2x2a2BR,2BA$1.93
Irvington Apartmentslxl1BR,1BA$1.68
Hank Reardon PlazaTownhouse Loft1BR,1BA$1.63
Hollywood Towne House Apartments1bd1ba5fl 7441BR,1BA$2.00
MF 14 - N Humboldt1BR/1.0BA1BR,1BA$1.98
Slogan Apartments1BR/1.0BA1BR,1BA$1.96
Maya Angelou1 Bedroom 1 Bath1BR,1BA$1.49
Margaret Carter PlazaOne Bathroom One Bedroom HUD Unit1BR,1BA$1.39
Kimberly Court1BR/1.0BA1BR,1BA$1.95

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Pet Friendly Lifestyle
Northeast Portland, Portland, OR

Ranked #17

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
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 the Cheapest Studio apartment in Northeast Portland?

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

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

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

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

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

What is the most affordable Northeast Portland Three Bedroom Apartment?

The best deal on a cheap Northeast Portland Three Bedroom Apartment rental is at Villas de Mariposas and starts from $1,257.

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

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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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How Your Move-In Inspection Can Protect Your Security Deposit

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If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.