cheap apartments

Last updated December 2 2023 at 12:52 PM

107 Cheap Apartments for Rent in Portland, OR

Finding cheap apartments in Portland takes some ingenuity and effort, as well as quick action. Before you head out on your search, bring along pay stubs, bank statements, letter... Read Guide >

7 Units Available

Allendale

730 Southwest Saint Clair Avenue, Portland, OR 97205

Goose Hollow

Studio

$1,150

500 sqft

1 Bedroom

$1,295

600 sqft

Vibrant, Stylish, and Exclusive Welcome to The Allendale, a striking apartment community offering stylish homes and impressive amenities in a highly sought-after location. Youll have your choice of studio, double-studio, or one-bedroom floor plans, with each featuring steam heat, secure entry, large bathrooms with clawfoot soaking tubs, large kitchens with marble surface counters and gas stoves, walk-in closets, credit card operated laundry, and a patio or balcony on select units with partial views. Additional resident favorites include an on-site dog run/alley area, and access to the exciting Nob Hill/Goose Hollow Neighborhood. Venturing out to explore the neighborhood is easy, as youll have numerous dining, shopping, and entertainment options close by, all within walking distance from your front door. From the historic homes to our exciting location, The Allendale truly does have it all. Contact us today!

5 Units Available

Lynnwood

1634 SE Hawthorne Boulevard, Portland, OR 97214

Hosford-Abernethy

Studio

$1,195

235 sqft

Vibrant, Stylish, and Centrally Located Welcome to Lynnwood, a striking apartment community offering stylish homes and impressive amenities in a highly sought-after location. Youll have your choice of studio, one, or two-bedroom floor plans with keyless entry, spa-inspired bathrooms, large kitchens with marble counters and stainless steel appliances, walk-in closets, and in-building credit card operated laundry. You will also have access to our private alleyway, with bike storage, caf lighting, and outdoor seating. Plus, venturing out to explore the neighborhood is easy, as youll have numerous dining, shopping, and entertainment options close by, all within walking distance from your front door. From the designer homes to our exciting location, Lynnwood truly does have it all. Contact us today!

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3 Units Available

Hidwell Apartments

1414 Southwest 11th Avenue, Portland, OR 97201

Downtown Portland

1 Bedroom

$1,195

650 sqft

Currently offering amazing and hard-to-beat leasing specials - inquire today! This quaint historical building in the heart of Portland is your next new home! Fall in love with the character details and the incredible location of this two story semi-private building.

7 Units Available

Chapman Apartments

535 Southwest Yamhill Street, Portland, OR 97205

Goose Hollow

Studio

$1,095

600 sqft

1 Bedroom

$1,195

850 sqft

Welcome to Chapman Court Apartments, a community featuring studio and one bedroom apartments in the beautiful Goose Hollow neighborhood. Spacious and unique layouts welcome you home accompanied by exceptional service and an ideal location. Chapman Court is a stone's throw away from shopping, dining and entertainment. Contact our leasing team today to schedule a tour!

6 Units Available

Cambrian

1129 SW Columbia Street, Portland, OR 97201

Downtown Portland

Studio

$1,000

359 sqft

1 Bedroom

$1,250

466 sqft

A classic apartment community offering stylish homes in an excellent location. Youll have your choice of studio or one bedroom floor plans, with each featuring original design features such as trundle beds, built in crafted cabinets, large closets, and original hardwood flooring. Plus, venturing out to explore the neighborhood is easy, as youll have countless popular dining, shopping, and all major entertainment options close by, all within walking distance from your front door. Contact us today!

3 Units Available

Brown Apartments

807 Southwest 14th Avenue, Portland, OR 97205

Goose Hollow

Studio

$1,095

500 sqft

Historic Downtown Living Welcome to Brown Apartments, a historic apartment community offering charming apartment homes and convenient amenities in a highly sought-after location. We offer spacious studios and one bedrooms. Contact us today to come by for a tour!

3 Units Available

Grandview

1329 Southwest 14th Avenue, Portland, OR 97201

Goose Hollow

Studio

$1,100

470 sqft

1 Bedroom

$1,275

500 sqft

Located in the Goose Hollow neighborhood. Grandview Apartment homes offer a historical feeling with high ceilings, bay windows, panoramic views, full sized kitchens, and baths. Our staff will welcome you with WARM greetings and HOME SWEET HOME service!

4 Units Available

Applegate

17726 SE Division St, Portland, OR 97236

Gresham-Centennial

1 Bedroom

$1,295

674 sqft

Applegate apartments feature one, two, and three bedroom apartment homes with excellent extras in the SE Portland area. We are close to shopping, schools, bus lines and the MAX. Each apartment home has been designed with today's lifestyle in mind: spacious floor plans, washer/dryer hook-ups, dishwasher, private patio, secure storage, and the convenience of assigned parking. We are also a non-smoking property. Call to set up a tour today.

7 Units Available

The Thornton

1953 Northwest Overton Street, Portland, OR 97209

Nob Hill

Studio

$1,050

327 sqft

Find your own cozy corner of Slabtown—a neighborhood known for walkable streets, strong coffee, tasty eats, and diverse retail. Welcome to Northwest Portland. We’ve got the good stuff like a fitness center and social lounge—and the best stuff like a private park area and dog wash station. Live, work, or play—you can do that here. Schedule your tour to experience life at The Thornton for yourself. We can't wait to see you!

24 Units Available

Kado NW Apartments

1378 Northwest 18th Avenue, Portland, OR 97209

Nob Hill

Studio

$1,165

406 sqft

1 Bedroom

$1,628

586 sqft

2 Bedrooms

$1,935

1065 sqft

Life at KADO is about form and balance. Grid-like patterns and delicate wood accents punctuate the creative social spaces, while special details like picket tile backsplashes make a statement in the apartments. Cozy gathering spots are nestled throughout the community providing contrast to the large windows and lush courtyards, which honor nature and seek to blend it with the indoors. Amenities, including a maker space and library, build community and turn home into a place to bloom. Self-guided tours are available! Book a tour through our website.

13 Units Available

10th at Hoyt

925 Northwest Hoyt Street, Portland, OR 97209

Pearl

Studio

$1,323

564 sqft

1 Bedroom

$1,373

711 sqft

2 Bedrooms

$1,853

1000 sqft

Minutes from the water and I-405. Modern apartments featuring a fireplace, walk-in closets and granite countertops. A full gym, fire pit and hot tub are available on-site. Dog and cats are welcomed.

24 Units Available

Revere

3309 N Mississippi, Portland, OR 97227

Boise

Studio

$1,338

570 sqft

1 Bedroom

$1,705

681 sqft

2 Bedrooms

$2,136

857 sqft

Whether you're a maker, musician, builder of business, or captain of industry, Revere is a home for you: a place for the self-assured, the brave, the bold, and the confident. Here you can be honest and tuned-in with who you are, who you want to be, and how you can impact the people and community around you. Don't just live anywhere. Live Loud and True. Live Revere. Self-guided and video tours are available! Book a tour through our website.

6 Units Available

Collins Circle

1701 Southwest Columbia Street, Portland, OR 97201

Goose Hollow

Studio

$1,158

432 sqft

1 Bedroom

$1,236

660 sqft

Make life in Portland more convenient with a move to Collins Circle Apartments. Located in the Goose Hollow district adjacent to downtown, our community puts the best of Portland at your fingertips. With on-site retailers selling pizza, coffee, and hand-crafted rolled ice cream, Collins Circle also offers unfettered access to the greater Portland via the MAX light rail Blue and Red lines and TriMet bus, both of which are within two blocks away. Our community has set aside a percentage of apartments for households making up to sixty percent of Portland's median house income. Please contact our leasing office for availability, pricing, and to get pre-qualified for one of these homes.

7 Units Available

Brio Flats

2405 North Vancouver Avenue, Portland, OR 97227

Eliot

Studio

$1,240

422 sqft

1 Bedroom

$1,332

440 sqft

2 Bedrooms

$1,683

611 sqft

Feel the urban energy at Brio Flats, where individual expression comes with the territory. Designed with alternative forms of transportation in mind, our studio, one-, and two-bedroom apartments include access to a convenient bike storage room along with a gated parking garage. With prime proximity to the North Williams bike corridor, Portland Streetcar, and walking and biking paths on Broadway Bridge, a home base at Brio Flats makes it easy to walk, ride, and pedal your way all over the city. Just beyond your door, you'll discover an array of opportunities, including tasty eats and drinks, local events, farmers markets, live music venues, and more. This is your chance to define a new living experience.

6 Units Available

735 St. Clair

735 SW Saint Clair Ave, Portland, OR 97205

Goose Hollow

1 Bedroom

$1,111

650 sqft

Located in the Goose Hollow neighborhood in southwest Portland, our studio, 1 and 2 bedroom apartments put you in the middle of one of the best places to live in Oregon. Enjoy a setting that includes a mixture of beautiful historic and modern buildings, plus sports venues and theaters for a bounty of entertainment. You’ll also have easy access to greater Portland via the nearby MAX light rail, Portland Steet, and multiple city bus stops. At home, 735 St. Clair’s apartments feature the comforts you crave with the convenience you need. Many of our homes offer stunning views of downtown, the Willamette River, or Mount Hood. On-site amenities, including package lockers, a laundry facility, and a fitness center, create the perfect urban living experience.

19 Units Available

Tempo PDX

80 NE 14th Ave, Portland, OR 97232

Kerns

Studio

$1,284

484 sqft

1 Bedroom

$1,477

572 sqft

2 Bedrooms

$2,799

1131 sqft

Tempo is the perfect urban retreat in PDX with its cool eastside location next to your favorite spots, and a collection of amenities and stylish apartments good enough to make you want to stay home.

15 Units Available

Sky3 Apartments

1221 SW 11th Ave, Portland, OR 97205

Downtown Portland

Studio

$1,345

518 sqft

1 Bedroom

$1,428

615 sqft

2 Bedrooms

$2,286

939 sqft

Welcome to the most culturally dynamic district in Portland and the finest in apartment living. Sky3 is more than what meets the eye—it is a place where you can relax by the fire with your favorite book, cozy up with a cup of Coava coffee, train for that race, or celebrate with your closest friends—all without leaving your building. Sky3 is located and designed for you to enjoy the good things in life. Live somewhere that matters. Flexible tour options are available! Book a tour through our website.

10 Units Available

North Hollow

1551 SW Taylor St, Portland, OR 97205

Goose Hollow

Studio

$1,337

487 sqft

1 Bedroom

$1,612

744 sqft

2 Bedrooms

$2,600

1025 sqft

Prime location close to the mountains, major businesses and Portland shops and restaurants. Units feature dishwasher, in-unit laundry and private patio/balcony. Community has a gym, 24-hour maintenance and parking.

28 Units Available

The Douglas

1811 S River Dr #250, Portland, OR 97201

Downtown Portland

Studio

$1,276

440 sqft

1 Bedroom

$1,526

720 sqft

2 Bedrooms

$2,095

950 sqft

With the Willamette River and Waterfront Esplanade Loop serving as your backyard, residents of The Douglas enjoy a pet-friendly community of spacious studio, one-, two-, and three-bedroom apartment homes and townhomes with outstanding river and city views. At The Douglas, you’ve finally found a space with on-point amenities distinctively designed to reflect your lifestyle. Located along the Portland Streetcar Line, The Douglas provides unprecedented access to Portland’s unique neighborhoods, filled with exceptional shopping, dining, nightlife, entertainment, and recreational activities. When you live at The Douglas, there’s adventure right outside your door and a peaceful oasis when you return home.

13 Units Available

230 Ash

230 SW Ash Street, Portland, OR 97204

Old Town Chinatown

Studio

$1,235

437 sqft

1 Bedroom

$1,686

663 sqft

Stitched within the urban fabric of Downtown Portland rises 230 Ash, a dynamic apartment community standing at the crossroads of the area’s past, present, and future. At 230 Ash, each apartment home redefines luxe living by combining natural materials, modern industrial features, and next-level amenities. The comforts of home extend beyond your front door. Community perks provide the perfect opportunity to kick it with friends or retreat from the hustle below. The Ash Factor blends unparalleled convenience and an unmatched Downtown Portland lifestyle. Live here. Gather here. Create here.

16 Units Available

Acqua Apartments

2615 South Water Avenue, Portland, OR 97201

South Portland

Studio

$1,239

373 sqft

1 Bedroom

$1,595

506 sqft

2 Bedrooms

$1,769

622 sqft

Where Downtown Portland Meets The South Waterfront! Stylish, modern, and sleek, the studio, one, two and three bedrooms at Acqua Apartments deliver an enviable lifestyle. Situated just outside downtown Portland, near South Waterfront, our homes offer easy access to Portland State University and Oregon Health & Science University. Designed to offer an intelligent living experience, our apartments are infused with smart-tech features that allow you to monitor your home from anywhere. With streamlined functionality and top-notch amenities, this is the perfect setting for your urban life. Treat yourself to remarkable living. Treat yourself to Acqua Apartments.Now renting studio, 1, 2 & 3 bedrooms! Contact us for details. They fill up fast!

20 Units Available

Boathouse

444 SW Boundary St, Portland, OR 97239

South Portland

Studio

$1,300

496 sqft

1 Bedroom

$1,509

586 sqft

2 Bedrooms

$1,974

936 sqft

Welcome to Boathouse Apartments in Portland, Oregon–a LEED Gold Certified building and an exciting riverfront living experience. An outdoor enthusiast dream is waiting to be discovered just a 15-minute bike commute to downtown. Connect to the transformative natural beauty and the convenience of shops, restaurants, and recreational activities in the John’s Landing neighborhood. Situated directly on the river, Boathouse offers stunning views of the Willamette River and Mount Hood. You’ll find thoughtful touches from wine lockers to secure storage for kayaks, paddleboards, and bikes. Enjoy nearly 100 miles of hiking trails less than three miles away, or take an invigorating bike ride into downtown! Better yet, grab your kayak or paddleboard and kick start your morning. Boathouse offers an unmatched combination of activity, natural beauty, and convenience near downtown. Find your balance.

14 Units Available

Elm Row

1525 Southwest Park Avenue, Portland, OR 97201

Downtown Portland

Studio

$1,110

369 sqft

1 Bedroom

$1,193

646 sqft

2 Bedrooms

$2,294

1104 sqft

Situated in Downtown Portland with easy access to I-405. Units include large closets and patios or balconies for extra space. Enjoy relaxing apartment community amenities, such as cabanas, spa and heated rooftop pool.

23 Units Available

Goat Blocks

975 SE 11th, Portland, OR 97214

Buckman

Studio

$1,150

417 sqft

1 Bedroom

$1,600

675 sqft

Conveniently located by several retail and dining options. Relax on the year-round rooftop deck or exercise in the fitness center. Apartments have beautiful touches, include reclaimed wood and quartz counters.

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Frequently Asked Questions

Frequently Asked Questions (FAQs)

What is the typical rent for a studio apartment in Portland?

The average rent for a studio apartment in Portland is $1,421.

How expensive are one-bedroom apartments in Portland?

The average rent for a one-bedroom apartment rental in Portland is $1,830.

How much is rent for two-bedroom apartments in Portland?

The average monthly rent for a two-bedroom apartment in Portland is $2,542.

City Guide for Portland, OR

"Well Portland, Oregon and sloe gin fizz. If that ain't love then tell me what is." (-Loretta Lynn, "Portland Oregon")

Portland, where the dream of the 90s is still alive! Whether you’re an outdoor sports guru interested in maximizing your time on mountain and coast or a caffeinated fashionista joining the hipster pilgrimage, Portland, Oregon, is a fun and funky place to inhabit. But the intention to be a Portlander is only part of the formula; you still need a place to crash, right? Let’s find you a flippin’ sweet apartment.

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What to keep in mind when looking for cheap apartments in Portland, OR

Finding cheap apartments in Portland takes some ingenuity and effort, as well as quick action. Before you head out on your search, bring along pay stubs, bank statements, letters of recommendations from landlords or employers, and identification. The more proactive you are about your search, the easier it will be to score a deal.

Look for cheap apartments in Portland by regularly scouring listings and looking during slower renting seasons, like winter. You can still find a deal if you move during the summer months when apartment hunting is more competitive.

You may be able to find cheap apartments in Portland in neighborhoods that are located away from attractions, restaurants, and entertainment. You may need to look farther out than you would prefer, but access to highways or public transportation can get you into the heart of Portland.

The building you choose can also make a difference in finding a cheap apartment in Portland. Older buildings that need some updating are more likely to have better deals. Walk-up apartments without elevators, on-street parking and few amenities like on-site fitness centers can also signal affordable rents in Portland.