5515 N Syracuse St
PortlandOR97203
Cheap Homes for Rent in Portsmouth Neighborhood of Portland, OR from $1,100 (4 Rentals)
Search the lowest-cost Homes available for rent right now in the Portsmouth area of Portland.
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.
Modern University Park apartment by UP & C
6961 N Stanford Ave
PortlandOR97203
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!
6836 N Rochester 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
7470 N Macrum Ave
PortlandOR97203
Showing Results 1-4, Page 1 of 1
Portsmouth, Portland, OR Local Guide
How much does it cost to rent a home in Portsmouth?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Portsmouth 2 Bedroom Homes for Rent | $1,897 | $1,699 | $2,095 |
| Portsmouth 3 Bedroom Homes for Rent | $2,767 | $2,295 | $3,200 |
| Portsmouth 4 Bedroom Homes for Rent | $3,695 | $3,695 | $3,695 |
| Portsmouth 5 Bedroom Homes for Rent | $3,500 | $3,500 | $3,500 |
| Portsmouth 6 Bedroom Homes for Rent | $3,595 | $3,595 | $3,595 |
Browse Homes for Rent in this Neighborhood
There are currently 4 rentals with your search options within a 2 mile radius of the Portsmouth Neighborhood of Portland, OR.
Explore Portland
Portsmouth, Portland, OR Local Guide
- Nearby Portland neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Best Value Apartments for Rent in Portsmouth, OR
As of April 27, 2025 the best value apartment in the Portsmouth area is the $1.36 price per square foot 7431 N Washburne Ave Model at 7431 N Washburne Ave, Unit 7431 N Washurne Basement in the in the Northwest Portland neighborhood starting from $1,500. 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. |
|---|---|---|---|
| 7431 N Washburne Ave, Unit 7431 N Washurne Basement | 7431 N Washburne Ave | 2BR,1BA | $1.36 |
| The Melrose Apartments | 2 Bedroom | 2BR,1BA | $1.75 |
| Harrison Square Apartments | 2 Bedroom / 1.0 Bath - | 2BR,1BA | $2.12 |
| The Bluffs | 2x1 | 2BR,1BA | $2.10 |
Quick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Let everyone know!
Do you know the Portsmouth area?
If you’re an expert on all things Portsmouth, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Frequently Asked Questions about Portsmouth
What type of rentals are currently available in Portsmouth?
There are currently 84 Apartments for Rent in Portsmouth, OR with pricing that ranges from $1,350 to $2,545. There are also 15 Single Family Homes for rent, Condos, and Townhome rentals currently available in Portsmouth ranging from $1,150 to $3,695.
What is the current price range for Rental Homes in Portsmouth?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Portsmouth ranges from $1,150 to $3,695 with an average monthly rent of $2,767.
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.
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.
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.
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.