Cheap Apartments for Rent in the Russell Neighborhood of Portland, OR from $600 (70 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Russell 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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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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The Alicia Apartments
Studio Apartments

The Alicia Apartments

10304-10308 NE Wygant StPortland, OR 97220
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The Alexis Apartments
Studio to 3 Bedroom Apartments

The Alexis Apartments

15075 SE Stark StPortland, OR 97233
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The Diplomat
1 to 3 Bedroom Apartments

The Diplomat

10934 NE Wygant StPortland, OR 97220

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Hazel Heights
1 to 2 Bedroom Apartments

Hazel Heights

12621 SE Stark StPortland, OR 97233
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Parkrose Terrace
Studio Apartments

Parkrose Terrace

10235 NE Prescott StPortland, OR 97220
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Parkway Garden Apartments
Studio to 3 Bedroom Apartments

Parkway Garden Apartments

14024-14124 NE Sandy BlvdPortland, OR 97230
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The Squire
1 to 2 Bedroom Apartments

The Squire

10315-10339 NE Fremont StPortland, OR 97220

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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The Nick Fish
Studio to 1 Bedroom Apartments

The Nick Fish

10550 NE Halsey StPortland, OR 97220
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Edgemont Apartments
Studio to 2 Bedroom Apartments

Edgemont Apartments

11181-11211 NE Weidler StPortland, OR 97220
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Jackson Court
2 Bedroom Apartments

Jackson Court

1313 NE 131st PlPortland, OR 97230
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Rose Apartments
1 Bedroom Apartments

Rose Apartments

1200 SE 162nd AvePortland, OR 97233
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Village Garden Apartments
Studio to 3 Bedroom Apartments

Village Garden Apartments

15230-15360 NE Sandy BlvdPortland, OR 97230
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Showing Results 1-50, Page 1 of 2

Russell, Portland, OR Local Guide

Cheapest Available Russell Apartments for Rent

 

The cheapest available apartment rental in the Russell area of Portland, OR is a Studio unit found at Buri Building priced from $934. Traditions at Hazelwood a 55+ Community has the second lowest priced unit, which is a 1 Bed apartment currently listed from $995. Here are the most affordable Russell apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Buri BuildingStudio SIMStudio,1BA$934
Traditions at Hazelwood a 55+ CommunityOne Bedroom One Bath (A1S)1BR,1BA$995
The Bria Apartments1 Bed, 1 bath1BR,1BA$999
Huckleberry ApartmentsStudioStudio,1BA$1,050
Wynne Watts CommonsStudioStudio,1BA$1,050
107th ApartmentsStudioStudio,1BA$1,095
SAGEWOOD ESTATES1 Bed 1 Bath B1BR,1BA$1,095
Halsey Street Arms Apartments1BR 1 Bath1BR,1BA$1,100
Melrose Court ApartmentsOne Bedroom1BR,1BA$1,100
Alder Royal Apartments1BR/1.0BA1BR,1BA$1,150

Best Value Apartments for Rent in Russell, OR

As of May 17, 2025 the best value apartment in the Russell area is the $1.46 price per square foot 3BR/2.0BA Model at 120 SE 143rd Portland, LLC in the in the East Portland neighborhood starting from $1,750. The second greatest value Russell apartment is the 3 bedroom Model at Plaza de Cedro starting at $1,267 with a $1.10 price per square foot in the East Portland neighborhood. Here is today’s list of the best values for Russell apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
120 SE 143rd Portland, LLC3BR/2.0BA3BR,2BA$1.46
Plaza de Cedro3 bedroom3BR,2BA$1.10
Irish Moss Plaza Apartments3BR 1 Bath3BR,1BA$1.31
Fern Grove3BR 1Bath3BR,1BA$1.39
Windsor Court Apartments2 Bedroom Loft2BR,2BA$1.45
Gateway Plaza Apartments2BD, 1BTH A2BR,1BA$1.56
Crown East Apartments2 Bed 1 Bath2BR,1BA$1.50
Brentwood Apartments2BD, 1BTH A2BR,1BA$1.58
Rochelle Apartments2 Bedroom, 1 Bath2BR,1BA$1.51
Gateway ParkOne Bedroom1BR,1BA$1.40

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.

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Pet Friendly Lifestyle
Russell, Portland, OR

Ranked #58

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
Russell, Portland, OR

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals and neighborhoods across the USA, 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 rankings of the best places for convenient access to the outdoors, luxury amenities, pet-friendly features, places that make kids happy, proximity to transit, in addition to floorplans, availablity, and pricing. Find Lifestyle Search in the filter options (above). Happy Searching!

Getting Around the Russell Neighborhood in Portland, OR

Walk Score®

52 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

81 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

38 / 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 Russell Apartments

What is a cheap apartment in Russell?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Russell is under $1,150.

What is the price of a cheap apartment in Russell?

The cheapest apartment in Russell is Buri Building which is listed at $978, while the average apartment in Russell costs $2,692.

What types of apartments are the cheapest in Russell?

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 85 regular apartments in Russell 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 Russell?

Cheap apartments in Russell have an average cost of $750 which is $1,942 cheaper than the average rent for all rentals in Russell.

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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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

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