Cheap Apartments for Rent in the Northwest Portland Neighborhood of Portland, OR from $500 (310 Rentals)

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

Cheapest Available Northwest Portland Apartments for Rent

 

The cheapest available apartment rental in the Northwest Portland area of Portland, OR is a Studio unit found at Morrison Park Apartments priced from $800. Tiller Terrace has the second lowest priced unit, which is a Studio apartment currently listed from $899. Here are the most affordable Northwest Portland apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Morrison Park ApartmentsStudio - 50%Studio,1BA$800
Tiller TerraceStudioStudio,1BA$899
Koz on 4thStudioStudio,1BA$912
Washington Plaza Apartmentss2fl 305Studio,1BA$915
Nob Hill Court ApartmentsStudioStudio,1BA$950
Regency ApartmentsStudio AStudio,1BA$980
Ongford ApartmentsStudioStudio,1BA$995

Best Value Apartments for Rent in Northwest Portland, OR

As of March 30, 2025 the best value apartment in the Northwest Portland area is the $1.67 price per square foot Three Bedroom Model at 6960 SW Canyon Rd in the in the Northwest Portland neighborhood starting from $2,450. The second greatest value Northwest Portland apartment is the Two Bedroom Model at Gallery Park Apartments starting at $1,799 with a $1.50 price per square foot in the Northwest Portland neighborhood. Here is today’s list of the best values for Northwest Portland apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
6960 SW Canyon RdThree Bedroom3BR,2BA$1.67
Gallery Park ApartmentsTwo Bedroom2BR,2BA$1.50
Country Oaks2 BEDROOM2BR,1BA$1.62
Merlo StationThree-Bedroom3BR,2BA$1.62
Jasper Place by Trion Living2x22BR,2BA$1.65
9230 North Saint Louis Avenue, Unit 92309230 North Saint Louis Avenue2BR,1BA$1.61
Bridgeview ApartmentsOne Bedroom1BR,1BA$1.60
Uptown ApartmentsOne Bed1BR,1BA$1.60
Park Avenue Gardens1 Bed 1 Bath1BR,1BA$1.64
Hidwell Apartments1BR/1.0BA1BR,1BA$1.68

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Pet Friendly Lifestyle
Northwest Portland, Portland, OR

Ranked #3

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
Northwest Portland, Portland, OR

School data provided by Great Schools

Best Local Schools in
Northwest Portland, Portland, OR

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of rentals and neighborhoods across the USA, and customized analysis for Central Portland, OR. 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 convenient access to the outdoors, multifamily communities for the 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 Northwest Portland Apartments

What is a cheap apartment in Northwest Portland?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Northwest Portland is under $995.

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

The cheapest apartment in Northwest Portland is Westfal Apartments which is listed at $1,095, while the average apartment in Northwest Portland costs $2,511.

What types of apartments are the cheapest in Northwest 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 127 regular apartments in Northwest 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 Northwest Portland?

Cheap apartments in Northwest Portland have an average cost of $226 which is $2,285 cheaper than the average rent for all rentals in Northwest 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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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.

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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.