Cheap Apartments for Rent in the Vernon Neighborhood of Portland, OR from $500 (87 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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Allen Fremont Plaza
1 to 2 Bedroom Apartments

Allen Fremont Plaza

221 NE Fremont StPortland, OR 97212
Senior Living
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King Dishman
1 to 3 Bedroom Apartments

King Dishman

4942-4956 NE 6th AvePortland, OR 97211
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Park Terrace
1 Bedroom Apartments

Park Terrace

315 N Alberta StPortland, OR 97217
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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 $795. 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$795
Zeal LoftsS - Standard 1Studio,1BA$820
The Village Coliving Community1BR/1.0BA1BR,1BA$850
Maya Angelou2 Bedroon 1 Bath2BR,1BA$878
Kimberly Court1BR/1.0BA1BR,1BA$895
Koz on KillingsworthStudioStudio,1BA$925
SippiStudio-SmallStudio,1BA$999
Kenton Commons1 Level LoftStudio,1BA$1,000

Best Value Apartments for Rent in Vernon, OR

As of March 09, 2025 the best value apartment in the Vernon area is the $1.08 price per square foot 3 Bedroom 1 Bath Model at Villas de Mariposas in the in the Cully neighborhood starting from $1,257. The second greatest value Vernon apartment is the lxl Model at Irvington Apartments starting at $1,425 with a $1.68 price per square foot in the Central 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.
Villas de Mariposas3 Bedroom 1 Bath3BR,1.5BA$1.08
Irvington Apartmentslxl1BR,1BA$1.68
Hank Reardon PlazaTownhouse Loft1BR,1BA$1.63
Kiln1x11BR,1BA$2.06
Hollywood Towne House Apartments1bd1ba5fl 7441BR,1BA$2.00
MF 14 - N Humboldt1BR/1.0BA1BR,1BA$1.98
Shaver Green1 Bed 1 Bath Unit Restricted at 60% MTSP1BR,1BA$2.05
Maya Angelou1 Bedroom 1 Bath1BR,1BA$1.68
Kenton Commons1 Level LoftStudio ,1BA$1.89
Kimberly Court1BR/1.0BA1BR,1BA$1.95

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Vernon, Portland, OR

Ranked #20

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

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 the Cheapest Studio apartment in Vernon?

Currently the most affordable Cheap Studio Apartment in Vernon is at Ascend Apartments: New Micro Studios and Lofts listed at $795.

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

The lowest price for a Cheap One Bedroom Vernon Apartment is $729 at Park Terrace.

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

Today's best deal for a Cheap Two Bedroom Apartment in Vernon is starting from $878 at Maya Angelou.

What is the most affordable Vernon Three Bedroom Apartment?

The best deal on a cheap Vernon Three Bedroom Apartment rental is at Villas de Mariposas and starts from $1,257.

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.