Cheap Apartments for Rent in the University Park Neighborhood of Portland, OR from $700 (49 Rentals)

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Search the lowest-cost Apartments available for rent right now in the University Park 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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University Park

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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Clifden
1 to 2 Bedroom Apartments

Clifden

8415 N Fessenden StPortland, OR 97203
  • Smoke Free
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Syracuse
Studio to 4 Bedroom Apartments

Syracuse

7210 N Burlington AvePortland, OR 97203
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Metropolitan North
1 to 2 Bedroom Apartments

Metropolitan North

9222 N Lombard StPortland, OR 97203
  • Utilities Included
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St. Johns Townhomes
Studio to 1 Bedroom Apartments

St. Johns Townhomes

8527-8537 N Saint Louis AvePortland, OR 97203
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North Louie
Studio Apartments

North Louie

7448 N Saint Louis AvePortland, OR 97203
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Ivanhoe (1 & 2)
Studio to 2 Bedroom Apartments

Ivanhoe (1 & 2)

8510 N Ivanhoe StPortland, OR 97203
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Willamette View
1 Bedroom Apartments

Willamette View

6804-6838 N Richmond AvePortland, OR 97203
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The Kennedy
1 Bedroom Apartments

The Kennedy

2171 N Rosa Parks WayPortland, OR 97217
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Pier Park
1 to 3 Bedroom Apartments

Pier Park

8660 N Columbia BlvdPortland, OR 97203
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Syracuse
1 Bedroom Apartments

Syracuse

7228 N Burlington AvePortland, OR 97203
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The Bridgecrest
1 Bedroom Apartments

The Bridgecrest

7002-7102 N Alta AvePortland, OR 97203
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Cecelia Apartments
2 to 3 Bedroom Apartments

Cecelia Apartments

6263 N Cecelia StPortland, OR 97203
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St. J's
Studio Apartments

St. J's

7180 N Leavitt AvePortland, OR 97203
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The Bluffs
2 Bedroom Apartments

The Bluffs

5150 N Lombard StPortland, OR 97203
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7550 N Lombard St
1 Bedroom Apartments

7550 N Lombard St

7550 N Lombard StPortland, OR 97203
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Greeley Court
1 Bedroom Apartments

Greeley Court

5531 N Greeley AvePortland, OR 97217
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Richmond
2 Bedroom Apartments

Richmond

6906 N Richmond AvePortland, OR 97203
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Bridge Park
1 to 2 Bedroom Apartments

Bridge Park

8525-8529 N Willamette BlvdPortland, OR 97203
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Overlook Flats
1 Bedroom Apartments

Overlook Flats

5780 N Greeley AvePortland, OR 97217
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Parkview at St. Johns
2 Bedroom Apartments

Parkview at St. Johns

5801 N Fessenden StPortland, OR 97203
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Showing Results 1-49, Page 1 of 1

University Park, Portland, OR Local Guide

Cheapest Neighborhoods for Apartments in University Park, OR

Pricing Updated: 03/21/2025

Current apartment rentals in the University Park, OR area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for University Park Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units

Cheapest Available University Park Apartments for Rent

 

The cheapest available apartment rental in the University Park area of Portland, OR is a Studio unit found at Koz on Interstate priced from $999. Kenton Commons has the second lowest priced unit, which is a Studio apartment currently listed from $1,000. Here are the most affordable University Park apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Koz on InterstateStudioStudio,1BA$999
Kenton Commons1 Level LoftStudio,1BA$1,000
Nomad ApartmentsStudio CStudio,1BA$1,099
Central Chalet Apartments1BR 1 Bath1BR,1BA$1,100
Bridgeview ApartmentsOne Bedroom1BR,1BA$1,106
Analog PDXStudio BStudio,1BA$1,124
Ivanhoe (1 & 2)StudioStudio,1BA$1,125
Cathedral VillageStudioStudio,1BA$1,187
Marvel 29SA.5Studio,1BA$1,275

Best Value Apartments for Rent in University Park, OR

As of March 21, 2025 the best value apartment in the University Park area is the $1.61 price per square foot 9230 North Saint Louis Avenue Model at 9230 North Saint Louis Avenue, Unit 9230 in the in the Northwest Portland neighborhood starting from $1,450. The second greatest value University Park apartment is the 2x1 Model at The Bluffs starting at $1,400 with a $1.96 price per square foot in the Northwest Portland neighborhood. Here is today’s list of the best values for University Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
9230 North Saint Louis Avenue, Unit 92309230 North Saint Louis Avenue2BR,1BA$1.61
The Bluffs2x12BR,1BA$1.96
Prose Hayden IslandOne Bedroom1BR,1BA$2.14
Bridgeview ApartmentsOne Bedroom1BR,1BA$1.60
Central Chalet Apartments1BR 1 Bath1BR,1BA$1.69
Overlook Flats1BR/1.0BA1BR,1BA$2.65
Greeley Court1BR/1.0BA1BR,1BA$2.60
Ivanhoe (1 & 2)StudioStudio ,1BA$2.01
Kenton Commons1 Level LoftStudio ,1BA$1.89
Cathedral VillageStudioStudio ,1BA$2.85

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
University Park, Portland, OR

Ranked #100

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Best Local Schools in
University Park, Portland, OR

School data provided by Great Schools

Best Local Schools in
University Park, Portland, OR

School data provided by Great Schools

Getting Around the University Park Neighborhood in Portland, OR

Walk Score®

79 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

95 / 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 University Park Apartments

What is a cheap apartment in University Park?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in University Park is under $1,275.

What is the price of a cheap apartment in University Park?

The cheapest apartment in University Park is Central Chalet Apartments which is listed at $1,100, while the average apartment in University Park costs $2,854.

What types of apartments are the cheapest in University Park?

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 182 regular apartments in University Park 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 University Park?

Cheap apartments in University Park have an average cost of $274 which is $2,580 cheaper than the average rent for all rentals in University Park.

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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What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.