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from $795Studio to 1 Bedroom Apartments Available Now
Zeal Lofts
3155 N Williams AvePortland, OR 97227
Cheap Apartments for Rent in the Portsmouth Neighborhood of Portland, OR from $700 (5 Rentals)
Search the lowest-cost Apartments available for rent right now in the Portsmouth area of Portland.
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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from $1,185Studio to 3 Bedroom Apartments Available Now
Kentonwood Dimensions
1603 N Willis BlvdPortland, OR 97217
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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from $1,195Studio to 2 Bedroom Apartments Available Now
Marvel 29
7227 N Philadelphia AvePortland, OR 97203
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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from $1,199Studio to 2 Bedroom Apartments Available Now
505 Dekum Apartments
505-577 NE Dekum StPortland, OR 97211
Portsmouth - 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!
5515 N Syracuse St
PortlandOR97203
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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Portsmouth, Portland, OR Local Guide
How much does it cost to rent an apartment in Portsmouth?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Portsmouth Studio Apartments | $1,120 | $795 | $2,233 |
| Portsmouth 1 Bedroom Apartments | $1,448 | $1,205 | $2,423 |
| Portsmouth 2 Bedroom Apartments | $2,360 | $1,685 | $4,181 |
| Portsmouth 3 Bedroom Apartments | $2,674 | $1,760 | $2,995 |
Browse Apartments in this Neighborhood
There are currently 5 rentals with your search options within a 2 mile radius of the Portsmouth Neighborhood of Portland, OR.
See all Apartments in PortlandExplore Portland
Portsmouth, Portland, OR Local Guide
- Nearby Portland neighborhoods
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Cheapest Available Portsmouth Apartments for Rent
The cheapest available apartment rental in the Portsmouth area of Portland, OR is a Studio unit found at Zeal Lofts priced from $795. Kentonwood Dimensions has the second lowest priced unit, which is a Studio apartment currently listed from $1,185. Here are the most affordable Portsmouth apartments for rent in Portland, OR:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Zeal Lofts | Studio 2 | Studio,1BA | $795 |
| Kentonwood Dimensions | Studio Unit Rent and Income Restricted at 60% MFI | Studio,1BA | $1,185 |
| Marvel 29 | SA3 - STUDIO | Studio,1BA | $1,195 |
Best Value Apartments for Rent in Portsmouth, OR
As of May 13, 2025 the best value apartment in the Portsmouth area is the $1.97 price per square foot Corner Model at 838 North Vancouver Avenue in the in the Northeast Portland neighborhood starting from $2,995. The second greatest value Portsmouth apartment is the 2 Bedroom Model at The Melrose Apartments starting at $1,399 with a $1.75 price per square foot in the Northwest Portland neighborhood. Here is today’s list of the best values for Portsmouth apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 838 North Vancouver Avenue | Corner | 3BR,3.5BA | $1.97 |
| The Melrose Apartments | 2 Bedroom | 2BR,1BA | $1.75 |
| Harrison Square Apartments | 2 Bedroom / 1.0 Bath - | 2BR,1BA | $2.12 |
| 505 Dekum Apartments | 1 Bedroom, 1 Bathroom | 1BR,1BA | $2.35 |
| The Bluffs | 2x1 | 2BR,1BA | $2.76 |
| Northpointe | Studio B | Studio ,1BA | $2.65 |
| Overlook Park Flats | 1x1 B1 | 1BR,1BA | $2.81 |
| Marvel 29 | 1X1E - 1 BEDROOM / 1 BATH | 1BR,1BA | $2.67 |
| Cathedral Park | Studio 448 sq. ft. | Studio ,1BA | $2.87 |
| Zeal Lofts | Studio 3 | Studio ,1BA | $3.49 |
Quick Rent Budget Calculator
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Pet Friendly LifestylePortsmouth, Portland, OR
Ranked #134
Among neighborhoods in Portland, OR for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Getting Around the Portsmouth Neighborhood in Portland, OR
Walk Score®
71 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
97 / 100
Biker's Paradise
Daily errands can be accomplished on a bike
Transit Score®
43 / 100
Some Transit
A few nearby public transportation options
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 Portsmouth Apartments
What is a cheap apartment in Portsmouth?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Portsmouth is under $1,650.
What is the price of a cheap apartment in Portsmouth?
The cheapest apartment in Portsmouth is Cathedral Park which is listed at $1,205, while the average apartment in Portsmouth costs $3,350.
What types of apartments are the cheapest in Portsmouth?
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 3 regular apartments in Portsmouth 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 Portsmouth?
Cheap apartments in Portsmouth have an average cost of $195 which is $3,155 cheaper than the average rent for all rentals in Portsmouth.
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.
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.
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.
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.
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.