Cheap Homes for Rent in University Park Neighborhood of Portland, OR from $900 (15 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Homes available for rent right now in the University Park area of Portland.

property at 5130 N Yale St

5130 N Yale St

PortlandOR97203

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!

Read Article

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

Read Article
Showing Results 1-15, Page 1 of 1

University Park, Portland, OR Local Guide

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 Nomad Apartments priced from $999. Koz on Interstate 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
Nomad ApartmentsStudio CStudio,1BA$999
Koz on InterstateOpen StudioStudio,1BA$1,000
Kenton Commons1 Level LoftStudio,1BA$1,000
Central Chalet Apartments1BR 1 Bath1BR,1BA$1,100
Bridgeview ApartmentsOne Bedroom1BR,1BA$1,106

Best Value Apartments for Rent in University Park, OR

As of April 10, 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 Ivanhoe (1 & 2) starting at $1,699 with a $1.90 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
Ivanhoe (1 & 2)2x12BR,1BA$1.90
Cathedral VillageTwo Bed One Bath2BR,1BA$1.83
yanke012BR/1.0BA2BR,1BA$1.86
9512 Oswego N Ave, Unit 59512 Oswego N Ave2BR,1BA$2.01
The Bluffs2x12BR,1BA$2.10
Bridgeview ApartmentsOne Bedroom1BR,1BA$1.60
9836 N Clarendon Ave, Unit 9836B9836 N Clarendon Ave1BR,1BA$1.53
Central Chalet Apartments1BR 1 Bath1BR,1BA$1.69
Kenton Commons1 Level LoftStudio ,1BA$1.89

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.

decorative image of people with a giant lease agreement

Frequently Asked Questions about University Park

What type of rentals are currently available in University Park?

There are currently 244 Apartments for Rent in University Park, OR with pricing that ranges from $735 to $4,575. There are also 47 Single Family Homes for rent, Condos, and Townhome rentals currently available in University Park ranging from $925 to $4,650.

What is the current price range for Rental Homes in University Park?

Today's rental pricing for Homes for Rent, Condos and Townhomes in University Park ranges from $925 to $4,650 with an average monthly rent of $3,131.

How much are larger Three and Four Bedroom Rentals in University Park?

For those who are looking for larger living arrangements, Three Bedroom Apartments in University Park range from $1,599 to $1,795, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,195 to $3,200. Four Bedroom Single-Family rentals are also available starting from $3,000 and Four Bedroom Apartments start at $3,180.

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

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.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

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.