Cheap Apartments for Rent in the Richmond Neighborhood of Portland, OR from $600 (25 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Richmond area of Portland.

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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Oliver Apartments
1 to 2 Bedroom Apartments

Oliver Apartments

4330 SE Division StPortland, OR 97206
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Creston Villa
1 to 3 Bedroom Apartments

Creston Villa

3608 SE 40th AvePortland, OR 97202
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Artisan Apartments
Studio to 3 Bedroom Apartments

Artisan Apartments

3301 SE Division StPortland, OR 97202
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3339 SE Division St
1 Bedroom Apartments

3339 SE Division St

3339 SE Division StPortland, OR 97214
  • Utilities Included
Showing Results 1-25, Page 1 of 1

Richmond, Portland, OR Local Guide

Cheapest Available Richmond Apartments for Rent

 

The cheapest available apartment rental in the Richmond area of Portland, OR is a Studio unit found at Analog PDX priced from $1,124. Division Terrace has the second lowest priced unit, which is a Studio apartment currently listed from $1,199. Here are the most affordable Richmond apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Analog PDXStudio BStudio,1BA$1,124
Division Terrace0BR/1.0BAStudio,1BA$1,199
The Fifty at DivisionSt. JohnsStudio,1BA$1,210
jvdv010BR/1.0BAStudio,1BA$1,250
The Margot2919 SE Division Street - 402Studio,1BA$1,250

Best Value Apartments for Rent in Richmond, OR

As of April 16, 2025 the best value apartment in the Richmond area is the $2.98 price per square foot #302 Model at Ellen Browning Building in the in the Southeast Portland neighborhood starting from $5,795. The second greatest value Richmond apartment is the 2 Bedroom Up Model at Waverleigh Apartments starting at $1,779 with a $2.22 price per square foot in the Southeast Portland neighborhood. Here is today’s list of the best values for Richmond apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Ellen Browning Building#3022BR,2BA$2.98
Waverleigh Apartments2 Bedroom Up2BR,1BA$2.22
The Anita2 Bedroom 1 Bathroom2BR,1BA$2.52
Moreland Place Apartments1x11BR,1BA$2.25
Sunshine PortlandOne Bedroom1BR,1BA$2.31
Powell Gardens Apartments1 Bed 1 Bath1BR,1BA$2.67
Tabor View LoftsLaurelhurstStudio ,1BA$2.79
jvdv010BR/1.0BAStudio ,1BA$2.68
The Fifty at DivisionSt. JohnsStudio ,1BA$2.74
Division Terrace0BR/1.0BAStudio ,1BA$2.75

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Pet Friendly Lifestyle
Richmond, Portland, OR

Ranked #71

Among neighborhoods in Portland, OR for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving.com compiles millions of data points to bring you our detailed rental search system called 'Lifestyle ratings', composed of neighborhoods, metropolitan areas, and rental properties across Oregon, including 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 searching for the best amenities, and convenient access to the outdoors, apartment communities for the kids, raising pets, transit options, and much more. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Getting Around the Richmond Neighborhood in Portland, OR

Walk Score®

94 / 100

Walker’s Paradise

Daily errands do not require a car

Bike Score®

97 / 100

Biker's Paradise

Daily errands can be accomplished on a bike

Transit Score®

52 / 100

Good Transit

Many 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 Richmond Apartments

What is the Cheapest Studio apartment in Richmond?

Currently the most affordable Cheap Studio Apartment in Richmond is at Analog PDX listed at $1,124.

How much is rent for a Cheap One Bedroom Richmond Apartment?

The lowest price for a Cheap One Bedroom Richmond Apartment is $1,325 at Sunshine Portland.

What is the lowest price for a Cheap Two Bedroom Richmond Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Richmond is starting from $1,399 at Moreland Place Apartments.

What is the most affordable Richmond Three Bedroom Apartment?

The best deal on a cheap Richmond Three Bedroom Apartment rental is at The Frankie and starts from $3,893.

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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Know Your Rights - How Discrimination Laws Impact Landlords & 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.

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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.