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cheap apartments
Last updated May 25 2020 at 10:12 PM

88 Cheap Apartments for rent in Portland, OR

Verified
Last updated May 25 at 06:09pm
Richmond
3 Units Available
Division Street Lofts
4725 SE Division St, Portland, OR
Studio
$1,060
427 sqft
1 Bedroom
Ask
Controlled access community located in the Richmond area near Mt. Tabor Park. Interior upgrades include built-in USB ports, quartz countertops, wine racks, and in-unit laundry facilities.
Verified
Last updated May 25 at 06:37pm
Rockwood
6 Units Available
The Nash
224 SE 188th Ave, Portland, OR
1 Bedroom
$1,030
2 Bedrooms
$1,225
3 Bedrooms
Ask
Find studio, 1, 2 and 3 bedroom apartments for rent at The Nash in Portland. View photos, descriptions and more!
Verified
Last updated May 25 at 10:08pm
Downtown Portland
8 Units Available
Park Plaza
1969 SW Park Ave, Portland, OR
Studio
$1,093
426 sqft
1 Bedroom
$933
567 sqft
2 Bedrooms
$1,515
861 sqft
Recently remodeled units with hardwood floors, air conditioning and extra storage space. The pet-friendly community has a convenient online portal for payments and maintenance requests. Located downtown, close to Portland Art Museum.
Verified
Last updated May 25 at 06:44pm
Cedar Hills - Cedar Mill North
10 Units Available
Cedar Hills
11700 Southwest Butner Road, Portland, OR
Studio
Ask
1 Bedroom
$1,146
622 sqft
2 Bedrooms
Ask
A renovated, 1970s-style building with open floor plans and community-inspired spaces. This modern community spans a five-acre property. On-site pool, terrace, and large community building. Spacious interiors with large, private balconies.
Verified
Last updated May 25 at 06:07pm
Downtown Portland
6 Units Available
Vue Apartments
1717 SW Park Ave, Portland, OR
Studio
$1,000
374 sqft
1 Bedroom
$1,135
528 sqft
2 Bedrooms
$1,430
874 sqft
Located minutes away from Portland State University, this pet-friendly community has a fitness center, clubhouse and on-site laundry. Units feature hardwood floors, dishwashers and private patios or balconies.
Verified
Last updated May 25 at 06:23pm
Pearl
32 Units Available
ORO
1470 Northwest Overton Street, Portland, OR
Studio
$999
434 sqft
1 Bedroom
$1,265
555 sqft
2 Bedrooms
$2,099
719 sqft
Introducing ORO The Pearl District’s most walkable, connected and stylish apartment experience. Our vision is simple. Provide luxurious and efficient living in the heart of central Portland, where Slabtown and the Pearl District meet.
Verified
Last updated May 22 at 03:32pm
Homestead
2 Units Available
Grace Apartments
1002 SW Gaines St, Portland, OR
Studio
$925
350 sqft
1 Bedroom
$1,025
500 sqft
A block from OHSU. This charming community offers custom kitchens, renovated bathrooms, and hardwood floors throughout. On-site laundry and recycling services. Spacious interiors with ample storage.
Verified
Last updated May 25 at 06:44pm
Pearl
11 Units Available
Pearl Studios
1430 NW Pettygrove St, Portland, OR
Studio
$895
306 sqft
Pearl Studios Apartments is located in the renowned Pearl District, walking distance of Portland's favorite restaurants, shopping, groceries, nightlife, parks, educational institutes, bookstores, transit and so much more.
Verified
Last updated May 25 at 06:11pm
Hosford-Abernethy
1 Unit Available
Warnell
1512 Southeast 16th Avenue, Portland, OR
Studio
$1,000
330 sqft
Hardwood floors and glass front built-ins in every studio and one bedroom apartment home. The Warnell is located in the heart of lower Hawthorne at the edge of beautiful Ladd's Addiion.
Verified
Last updated May 25 at 10:08pm
Downtown Portland
31 Units Available
Storyline
1177 SW Market St, Portland, OR
Studio
$1,145
445 sqft
1 Bedroom
$1,450
621 sqft
2 Bedrooms
$2,425
1011 sqft
This community comes equipped with a clubroom, rooftop lounge, fitness center and coffee bar. Apartments include quartz countertops, in-unit laundry and stainless-steel appliances. Delta Park Center and Portland State University are both nearby.
Verified
Last updated May 21 at 08:47pm
Lloyd District
Contact for Availability
Merrick
1231 NE Martin Luther King Jr Blvd, Portland, OR
Studio
$1,144
515 sqft
1 Bedroom
$1,202
683 sqft
2 Bedrooms
$1,635
1027 sqft
Located just 15 minutes away from Portland International Airport, this pet-friendly community has a swimming pool, a hot tub and parking garages for residents. Homes feature high ceilings and large windows.
Verified
Last updated May 25 at 06:47pm
Goose Hollow
7 Units Available
Allendale
730 Southwest Saint Clair Avenue, Portland, OR
Studio
$1,095
550 sqft
1 Bedroom
$1,275
600 sqft
2 Bedrooms
$1,285
600 sqft
Allendale Apartments feature unique vintage architecture and floor plans that suit your downtown lifestyle.
Verified
Last updated May 25 at 06:45pm
Wilkes East
5 Units Available
Sandstone Manor
16677 NE Russell St, Portland, OR
1 Bedroom
$1,045
730 sqft
2 Bedrooms
$1,245
922 sqft
Find studio, 1, 2 and 3 bedroom apartments for rent at Sandstone Manor in Portland. View photos, descriptions and more!
Verified
Last updated May 25 at 06:23pm
Creston-Kenilworth
4 Units Available
Roseland
5811 Southeast Boise Street, Portland, OR
Studio
$1,030
384 sqft
1 Bedroom
$1,250
541 sqft
Roseland is a brand new community in the Foster Powell neighborhood. Steps away from shops, restaurants and bars, our apartments offer modern living, with all of the modern conveniences.
Verified
Last updated May 25 at 06:23pm
Arbor Lodge
44 Units Available
ArLo
6015 North Interstate Avenue, Portland, OR
Studio
$1,145
477 sqft
1 Bedroom
$1,595
674 sqft
2 Bedrooms
$2,465
1069 sqft
BRAND NEW APARTMENTS NOW OPEN! ArLo’s community celebrates all our differences that define Portland life. Express your style, be yourself and live in your moment at ArLo Apartments. Living well is an art form.
Verified
Last updated May 25 at 06:22pm
Buckman
5 Units Available
Lower Burnside Lofts
60 SE 10th Ave, Portland, OR
Studio
$1,079
448 sqft
1 Bedroom
$1,375
560 sqft
2 Bedrooms
$2,099
790 sqft
Great location in Buckman neighborhood, close to restaurants and bars. Units are studio, one or two-bedroom with updated amenities and city views. Community has bicycle storage, reserved garage parking, and a sky lounge.
Verified
Last updated May 22 at 03:51pm
Nob Hill
2 Units Available
Marcella Apartments
2151 Northwest Johnson Street, Portland, OR
Studio
$1,115
300 sqft
1 Bedroom
Ask
WELCOME HOME TO MARCELLA\nLocated in the heart of the NW Alphabet District, youll find yourself steps from everything your heart desires.
Verified
Last updated January 21 at 05:54pm
Powellhurst-Gilbert
2 Units Available
Gilhurst
12330 SE Bush St, Portland, OR
1 Bedroom
$1,155
750 sqft
2 Bedrooms
$1,345
950 sqft
Gilhurst is located at 12330 SE Bush Street Portland, OR and is managed by Dalton Management, Inc. , a reputable property management company with verified listings on RENTCafe.
Verified
Last updated May 25 at 06:23pm
Nob Hill
10 Units Available
The Thornton
1953 Northwest Overton Street, Portland, OR
Studio
$999
384 sqft
In light of the COVID-19 outbreak, Alliance Residential is committed to doing our part to maintain the health of our residents and associates. As such, we are opting to no longer conduct business face-to-face at our communities.
Verified
Last updated May 25 at 06:48pm
Goose Hollow
6 Units Available
Grandview
1329 Southwest 14th Avenue, Portland, OR
Studio
$1,095
485 sqft
1 Bedroom
$1,195
573 sqft
2 Bedrooms
$1,295
950 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.
Verified
Last updated May 21 at 08:47pm
Lloyd District
Contact for Availability
The Union
304 NE Multnomah St, Portland, OR
Studio
$1,072
523 sqft
1 Bedroom
$1,309
600 sqft
Studio, one- and two-bedroom apartments in Portland's Lloyd District, close to shops and bars. Stainless steel appliances and hardwood floors in rooms. On-site fitness center, clubhouse and BBQ and grill. Pet-friendly.
Verified
Last updated May 25 at 06:03pm
Hosford-Abernethy
3 Units Available
Lynnwood
1634 SE Hawthorne Boulevard, Portland, OR
Studio
$925
260 sqft
2 Bedrooms
$1,295
550 sqft
Updated and clean, the Lynnwood blends 1920's charm with 21st century updates. Spacious studios with large walk-in closets and hardwood floors. Get a sneak peek of the good life here at Lynnwood.
Verified
Last updated May 21 at 04:26pm
Mt. Tabor
1 Unit Available
Julie Ann Apartments
711 SE 60th Ave, Portland, OR
Studio
$1,035
365 sqft
1 Bedroom
Ask
Find studio, 1, 2 and 3 bedroom apartments for rent at Julie Ann Apartments in Portland. View photos, descriptions and more!
Verified
Last updated May 20 at 05:11pm
Goose Hollow
2 Units Available
2020 Building
2020 SW Salmon St, Portland, OR
Studio
$1,155
400 sqft
1 Bedroom
$1,560
617 sqft
2 Bedrooms
Ask
This pet-friendly community provides 24-hour emergency maintenance. A beautiful community near Greenwood Park Mall. On-spite playground, business center, and ample green space. Modern and spacious interiors.

June 2020 Portland Rent Report

Welcome to the June 2020 Portland Rent Report. Portland rents declined over the past month. In this report, we'll evaluate trends in the Portland rental market, including comparisons to cities throughout the metro, state, and nation.

View full Rent Report

June 2020 Portland Rent Report

Welcome to the June 2020 Portland Rent Report. Portland rents declined over the past month. In this report, we'll evaluate trends in the Portland rental market, including comparisons to cities throughout the metro, state, and nation.

Portland rents declined slightly over the past month

Portland rents have declined 0.2% over the past month, and are down slightly by 0.4% in comparison to the same time last year. Currently, median rents in Portland stand at $1,121 for a one-bedroom apartment and $1,322 for a two-bedroom. This is the second straight month that the city has seen rent decreases after an increase in March. Portland's year-over-year rent growth lags the state average of 0.5%, as well as the national average of 0.8%.

    Rent trends vary across the Portland Metro

    While rent prices have decreased in Portland over the past year, the rest of the metro is seeing varying rent trends. Of the largest 10 cities that we have data for in the Portland metro, half have seen increases, while the other half have been decreasing. Here's a look at how rents compare across some of the largest cities in the metro.

    • Over the past year, Tualatin has seen the biggest rent drop in the metro, with a decline of 3.0%. Median two-bedrooms there cost $1,892, while one-bedrooms go for $1,604.
    • Forest Grove has seen the fastest rent growth in the metro, with a year-over-year increase of 2.3%. The median two-bedroom there costs $1,452, while one-bedrooms go for $1,231.
    • Hillsboro has the most expensive rents of the largest cities in the Portland metro, with a two-bedroom median of $2,062; rents went down 0.9% over the past month and 1.3% over the past year.
    • Portland proper has the least expensive rents in the Portland metro, with a two-bedroom median of $1,322; rents decreased 0.2% over the past month and 0.4% over the past year.

    Portland rents more affordable than many comparable cities nationwide

    As rents have fallen slightly in Portland, many similar cities nationwide have seen prices increase, in some cases substantially. Portland is also more affordable than most other large cities across the country.

    • While Oregon as a whole logged rent growth of 0.5% over the past year, other cities across the state have seen rents decline moderately. For example, rents have fallen by 0.1% in Eugene and 2.1% in Salem.
    • Portland's median two-bedroom rent of $1,322 is above the national average of $1,194. Nationwide, rents have grown by 0.8% over the past year compared to the 0.4% decline in Portland.
    • While rents in Portland fell slightly over the past year, many cities nationwide saw increases, including Phoenix (+2.3%), Austin (+1.3%), and San Diego (+0.8%).
    • Renters will find more reasonable prices in Portland than most similar cities. For example, San Francisco has a median 2BR rent of $3,071, which is more than twice the price in Portland.

    For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.

    City
    Median 1BR Rent
    Median 2BR Rent
    M/M Rent Growth
    Y/Y Rent Growth
    Portland
    $1,120
    $1,320
    -0.2%
    -0.4%
    Vancouver
    $1,420
    $1,680
    -0.1%
    0.7%
    Gresham
    $1,400
    $1,650
    0
    -0.3%
    Hillsboro
    $1,750
    $2,060
    -0.9%
    -1.3%
    Beaverton
    $1,550
    $1,830
    -0.4%
    1.6%
    Lake Oswego
    $1,530
    $1,800
    -0.2%
    1.2%
    Tualatin
    $1,600
    $1,890
    -1.1%
    -3%
    Forest Grove
    $1,230
    $1,450
    0.1%
    2.3%
    Wilsonville
    $1,470
    $1,730
    -0.8%
    -0.2%
    Gladstone
    $1,520
    $1,790
    0.2%
    1.5%
    Fairview
    $1,530
    $1,810
    0.1%
    0
    See More

    Methodology - Recent Updates:

    Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

    Read more about our new methodology below, or see a more detailed post here.

    Methodology:

    Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

    Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

    Read more about our methodology here.

    About Rent Reports:

    Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

    We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.

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