Cheap Homes for Rent in Vernon Neighborhood of Portland, OR from $1,200 (17 Rentals)

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

property at 301 NE Morris St

301 NE Morris St

PortlandOR97212

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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Vernon, Portland, OR Local Guide

Cheapest Neighborhoods for Apartments in Vernon, OR

Pricing Updated: 03/21/2025

Current apartment rentals in the Vernon, 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 Vernon Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units

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. Margaret Carter Plaza has the second lowest priced unit, which is a 1 Bed apartment currently listed from $802. 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
Margaret Carter PlazaOne Bathroom One Bedroom HUD Unit1BR,1BA$802
Zeal LoftsS - Standard 1Studio,1BA$820
The Village Coliving Community1BR/1.0BA1BR,1BA$850
Maya Angelou2 Bedroon 1 Bath2BR,1BA$878

Best Value Apartments for Rent in Vernon, OR

As of March 21, 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
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
Maya Angelou1 Bedroom 1 Bath1BR,1BA$1.68
Kenton Commons1 Level LoftStudio ,1BA$1.89
Kimberly Court1BR/1.0BA1BR,1BA$1.95

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Frequently Asked Questions about Vernon

What type of rentals are currently available in Vernon?

There are currently 744 Apartments for Rent in Vernon, OR with pricing that ranges from $500 to $8,155. There are also 64 Single Family Homes for rent, Condos, and Townhome rentals currently available in Vernon ranging from $1,295 to $10,200.

What is the current price range for Rental Homes in Vernon?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Vernon ranges from $1,295 to $10,200 with an average monthly rent of $2,782.

How much are larger Three and Four Bedroom Rentals in Vernon?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Vernon range from $1,760 to $3,295, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,345 to $4,000. Four Bedroom Single-Family rentals are also available starting from $2,395 and Four Bedroom Apartments start at $2,495.

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.