Cheap Apartments for Rent in the Vernon Neighborhood of Portland, OR from $500 (90 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Vernon 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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Dekum Court
Studio to 4 Bedroom Apartments

Dekum Court

2475 NE Saratoga StPortland, OR 97211
  • Utilities Included
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Vernon, Portland, OR Local Guide

Cheapest Available Vernon Apartments for Rent

 

The cheapest available apartment rental in the Vernon area of Portland, OR is a 1 Bed unit found at Park Terrace priced from $729. Ascend Apartments: New Micro Studios and Lofts has the second lowest priced unit, which is a Studio apartment currently listed from $799. Here are the most affordable Vernon apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Park TerraceOne Bedroom One Bathroom Unit Income and rent r...1BR,1BA$729
Ascend Apartments: New Micro Studios and LoftsStudio 1Studio,1BA$799
Margaret Carter PlazaOne Bathroom One Bedroom HUD Unit1BR,1BA$802
Zeal LoftsS - Standard 1Studio,1BA$820
Maya Angelou2 Bedroon 1 Bath2BR,1BA$878
Koz on KillingsworthStudioStudio,1BA$898
The Village Coliving Community1BR/1.0BA1BR,1BA$900
Nomad ApartmentsStudio CStudio,1BA$999
SippiStudio-SmallStudio,1BA$999
Kenton Commons1 Level LoftStudio,1BA$1,000

Best Value Apartments for Rent in Vernon, OR

As of April 12, 2025 the best value apartment in the Vernon area is the $1.97 price per square foot Corner Model at 838 North Vancouver Avenue in the in the Northeast Portland neighborhood starting from $2,995. The second greatest value Vernon apartment is the 2x2g Model at The Russell by Trion Living starting at $2,200 with a $1.85 price per square foot in the Northeast Portland neighborhood. Here is today’s list of the best values for Vernon apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
838 North Vancouver AvenueCorner3BR,3.5BA$1.97
The Russell by Trion Living2x2g2BR,2BA$1.85
Bailey Commons1BR/1.0BA1BR,1BA$1.97
Hank Reardon PlazaTownhouse Loft1BR,1BA$1.63
Hollywood Towne House Apartments1bd1ba5fl 7441BR,1BA$2.00
MF 14 - N Humboldt1BR/1.0BA1BR,1BA$1.98
Margaret Carter PlazaOne Bathroom One Bedroom HUD Unit1BR,1BA$1.39
L Roy GardensOne Bedroom One Bathroom HUD Unit1BR,1BA$1.80
Maya Angelou1 Bedroom 1 Bath1BR,1BA$1.68
Kenton Commons1 Level LoftStudio ,1BA$1.89

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Vernon, Portland, OR

Ranked #22

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
Vernon, Portland, OR

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of rentals and neighborhoods across the USA, including Vernon, Portland, and the greater Portland area. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including searching for the best amenities, and the best proximity to parks and outdoor amenities, transit availability, pet-friendly communities, apartment communities for the kids, in addition to floorplans, availablity, and pricing. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Getting Around the Vernon Neighborhood in Portland, OR

Walk Score®

95 / 100

Walker’s Paradise

Daily errands do not require a car

Bike Score®

100 / 100

Biker's Paradise

Daily errands can be accomplished on a bike

Transit Score®

49 / 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 Vernon Apartments

What is a cheap apartment in Vernon?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Vernon is under $1,000.

What is the price of a cheap apartment in Vernon?

The cheapest apartment in Vernon is Park Terrace which is listed at $729, while the average apartment in Vernon costs $4,250.

What types of apartments are the cheapest in Vernon?

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 76 regular apartments in Vernon 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 Vernon?

Cheap apartments in Vernon have an average cost of $302 which is $3,948 cheaper than the average rent for all rentals in Vernon.

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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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.

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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.