Cheap Apartments for Rent in the Old Town Chinatown Neighborhood of Portland, OR from $500 (320 Rentals)

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Cheap Apartments in the Old Town Chinatown area of Portland.

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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Old Town Chinatown - One of the Best Affordable Neighborhoods in Portland

Named as one of the Best Affordable Neighborhoods to rent in Portland by our Portland, OR Local Expert Chad Deitchley. See how it ranks!

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Old Town Chinatown, Portland, OR Local Guide

Cheapest Available Old Town Chinatown Apartments for Rent

 

The cheapest available apartment rental in the Old Town Chinatown area of Portland, OR is a Studio unit found at Modern Rich Apartments priced from $649. Zeal Lofts has the second lowest priced unit, which is a Studio apartment currently listed from $795. Here are the most affordable Old Town Chinatown apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Modern Rich Apartments0BR/1.0BAStudio,1BA$649
Zeal LoftsS - Standard 2Studio,1BA$795
Morrison Park ApartmentsStudio - 50%Studio,1BA$800
Margaret Carter PlazaOne Bathroom One Bedroom HUD Unit1BR,1BA$848
The Village Coliving Community1BR/1.0BA1BR,1BA$850
Maya Angelou2 Bedroon 1 Bath2BR,1BA$878
Katherine Apartments0BR/1.0BAStudio,1BA$895
Brown Apartments0BR/1.0BAStudio,1BA$895
Tiller TerraceStudioStudio,1BA$899
Stadium StationStudio BStudio,1BA$900

Best Value Apartments for Rent in Old Town Chinatown, OR

As of May 03, 2025 the best value apartment in the Old Town Chinatown area is the $1.66 price per square foot Two Bedroom Model at Marquam Heights in the in the Southwest Portland neighborhood starting from $2,330. The second greatest value Old Town Chinatown 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 Old Town Chinatown apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Marquam HeightsTwo Bedroom2BR,2BA$1.66
Gallery Park ApartmentsTwo Bedroom2BR,2BA$1.50
Downtown Living Starts At Lair Hill1x11BR,1BA$1.82
Uptown ApartmentsOne Bed1BR,1BA$1.60
Hidwell Apartments1BR/1.0BA1BR,1BA$1.68
Westfal ApartmentsOne Bedroom1BR,1BA$1.83
Margaret Carter PlazaOne Bathroom One Bedroom HUD Unit1BR,1BA$1.47
L Roy GardensOne Bedroom One Bathroom HUD Unit1BR,1BA$1.80
Maya Angelou1 Bedroom 1 Bath1BR,1BA$1.68
Brown Apartments0BR/1.0BAStudio ,1BA$1.79

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Old Town Chinatown, Portland, OR

Ranked #1

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
Old Town Chinatown, Portland, OR

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving.com compiles millions of data points to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals in metropolitan areas across the United States and customized analysis for Central Portland. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including our Star Ratings to compare for outdoor amenities like tennis courts, luxury amenities, kid and pet-friendly communities, availability of transit options, and much more. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Getting Around the Old Town Chinatown Neighborhood in Portland, OR

Walk Score®

99 / 100

Walker’s Paradise

Daily errands do not require a car

Bike Score®

99 / 100

Biker's Paradise

Daily errands can be accomplished on a bike

Transit Score®

94 / 100

Rider’s Paradise

World-class public transportation

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Old Town Chinatown Apartments

What is a cheap apartment in Old Town Chinatown?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Old Town Chinatown is under $900.

What is the price of a cheap apartment in Old Town Chinatown?

The cheapest apartment in Old Town Chinatown is Margaret Carter Plaza which is listed at $848, while the average apartment in Old Town Chinatown costs $4,250.

What types of apartments are the cheapest in Old Town Chinatown?

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 Old Town Chinatown 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 Old Town Chinatown?

Cheap apartments in Old Town Chinatown have an average cost of $121 which is $4,129 cheaper than the average rent for all rentals in Old Town Chinatown.

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.

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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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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.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.