Cheap Homes for Rent in Northwest Portland Neighborhood of Portland, OR from $800 (25 Rentals)

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Search the lowest-cost Homes available for rent right now in the Northwest Portland area of Portland.

property at 5130 N Yale St

5130 N Yale St

PortlandOR97203
property at 1829 NW LOVEJOY

1829 NW LOVEJOY

PortlandOR97209

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

Best Value Apartments for Rent in Northwest Portland, OR

As of March 29, 2025 the best value apartment in the Northwest Portland area is the $1.64 price per square foot 16962 SW Steele Way Model at 16962 SW Steele Way in the in the Northwest Portland neighborhood starting from $2,460. The second greatest value Northwest Portland apartment is the Three Bedroom Model at 6960 SW Canyon Rd starting at $2,450 with a $1.67 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.
16962 SW Steele Way16962 SW Steele Way3BR,2.5BA$1.64
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
9230 North Saint Louis Avenue, Unit 92309230 North Saint Louis Avenue2BR,1BA$1.61
Courtyards at Cedar Hills1B1BR,1BA$1.49
Bridgeview ApartmentsOne Bedroom1BR,1BA$1.60
Uptown ApartmentsOne Bed1BR,1BA$1.60
Park Avenue Gardens1 Bed 1 Bath1BR,1BA$1.64

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Frequently Asked Questions about Northwest Portland

What type of rentals are currently available in Northwest Portland?

There are currently 1303 Apartments for Rent in Northwest Portland, OR with pricing that ranges from $800 to $26,948. There are also 172 Single Family Homes for rent, Condos, and Townhome rentals currently available in Northwest Portland ranging from $800 to $15,000.

What is the current price range for Rental Homes in Northwest Portland?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Northwest Portland ranges from $800 to $15,000 with an average monthly rent of $3,191.

How much are larger Three and Four Bedroom Rentals in Northwest Portland?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Northwest Portland range from $1,567 to $26,948, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,290 to $8,500. Four Bedroom Single-Family rentals are also available starting from $2,495 and Four Bedroom Apartments start at $2,495.

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.