Cheap Homes for Rent in Northwest Portland Neighborhood of Portland, OR from $900 (53 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

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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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. Katherine Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $850. 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
Katherine Apartments0BR/1.0BAStudio,1BA$850
Allendale Apartments0BR/1.0BAStudio,1BA$895
Brown Apartments0BR/1.0BAStudio,1BA$895
Tiller TerraceStudioStudio,1BA$899
Stadium StationStudio BStudio,1BA$900
Washington Plaza Apartmentss2fl 305Studio,1BA$915
Koz on 4thStudioStudio,1BA$958
Regency ApartmentsStudio AStudio,1BA$980
Vista St. ClairStudioStudio,1BA$986

Best Value Apartments for Rent in Northwest Portland, OR

As of May 12, 2025 the best value apartment in the Northwest Portland area is the $1.50 price per square foot Two Bedroom Model at Gallery Park Apartments in the in the Northwest Portland neighborhood starting from $1,799. The second greatest value Northwest Portland apartment is the Three-Bedroom Model at Merlo Station starting at $1,725 with a $1.55 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.
Gallery Park ApartmentsTwo Bedroom2BR,2BA$1.50
Merlo StationThree-Bedroom3BR,2BA$1.55
Amber Lantern Apartments-ALT-1668A3 Bedroom3BR,1.5BA$1.63
Parker Apartments2 x 12BR,1BA$1.68
Goose Hollow PlazaTwo Bedroom2BR,1BA$1.66
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
Hidwell Apartments1BR/1.0BA1BR,1BA$1.68
Pine Cone Apartments1bed1bath1BR,1BA$1.62

Quick Rent Budget Calculator

How much rent can you afford?

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Frequently Asked Questions about Northwest Portland

What type of rentals are currently available in Northwest Portland?

There are currently 1317 Apartments for Rent in Northwest Portland, OR with pricing that ranges from $675 to $26,948. There are also 179 Single Family Homes for rent, Condos, and Townhome rentals currently available in Northwest Portland ranging from $925 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 $925 to $15,000 with an average monthly rent of $3,182.

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 $1,795 to $5,800. Four Bedroom Single-Family rentals are also available starting from $2,950 and Four Bedroom Apartments start at $3,089.

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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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.