Cheapest Neighborhoods in Portland, OR
Some of the cheapest neighborhoods in Portland are Cully, Montavilla, and Rose City Park. These neighborhoods offer some of the lowest rent prices in Portland, making them ideal for renters on a budget. As of June 24, 2026, the average rent in Portland is $1,523, which is 0.6% lower than last year. However, it's important to remember that rental prices can vary significantly based on factors such as location, amenities, and floor plans.
Cully
Average Rent
$1,121/Month
Year-Over-Year Rent Change
0.7%
Units Available
33 Rentals
Cully is a top choice for budget-conscious renters for a variety of reasons. The average rent in Cully is $1,121 while the city average is $1,523. This is a -0.7% difference from last year. Residents enjoy convenient access to Portland International Airport, Mount Hood C.C., Maywood Park, and Columbia Blvd Shop and Yard.
Montavilla
Average Rent
$1,141/Month
Year-Over-Year Rent Change
1.5%
Units Available
20 Rentals
When you’re looking for a great Portland neighborhood on a budget, check out Montavilla. The average rent is $1,141, compared to the city average of $1,523. Rent prices have decreased by 1.5%. Montavilla is convenient to Ne 60Th, Rose City Park, and 20 SE 82nd Ave.
Rose City Park
Average Rent
$1,157/Month
Year-Over-Year Rent Change
0.8%
Units Available
71 Rentals
Rose City Park is an affordable neighborhood in Portland with an average rent price of $1,157. Compare this to the city average of $1,523. In the past year, rent prices have decreased by 0.8%. Rose City Park provides easy access to Portland International, Lloyd Center/Ne 11Th, and Concordia University-Portland.
North Tabor
Average Rent
$1,164/Month
Year-Over-Year Rent Change
0.3%
Units Available
53 Rentals
If you’re looking for a great, affordable neighborhood in Portland, North Tabor might be the perfect place! It has an average rent price of $1,164, while the city’s average stands at $1,523. In the last year, prices have increased by 0.3%. North Tabor is near Portland International, 4500-4540 NE Glisan St, and Rose City Park.
Glenfair
Average Rent
$1,173/Month
Year-Over-Year Rent Change
0.8%
Units Available
32 Rentals
Glenfair is a top choice for budget-conscious renters for a variety of reasons. The average rent in Glenfair is $1,173 while the city average is $1,523. This is a -0.8% difference from last year. Residents enjoy convenient access to Rockwood/E 188Th Transit Center, Glisan Shopping Center, and Mount Hood C.C., Bruning Ctr..
Madison South
Average Rent
$1,179/Month
Year-Over-Year Rent Change
15.7%
Units Available
12 Rentals
When you’re looking for a great Portland neighborhood on a budget, check out Madison South. The average rent is $1,179, compared to the city average of $1,523. Rent prices have decreased by 15.7%. Madison South is convenient to Rosemont Bluff Natural Area, Ne 82Nd, and Asian-American Shopping Center.
Wilkes
Average Rent
$1,190/Month
Year-Over-Year Rent Change
0.7%
Units Available
11 Rentals
Wilkes is an affordable neighborhood in Portland with an average rent price of $1,190. Compare this to the city average of $1,523. In the past year, rent prices have decreased by 0.7%. Wilkes provides easy access to Portland International, E 181St, and Mount Hood C.C., Gresham.
Centennial
Average Rent
$1,217/Month
Year-Over-Year Rent Change
4.3%
Units Available
55 Rentals
If you’re looking for a great, affordable neighborhood in Portland, Centennial might be the perfect place! It has an average rent price of $1,217, while the city’s average stands at $1,523. In the last year, prices have decreased by 4.3%. Centennial is near E 172Nd, Mount Hood C.C., Gresham, and Mount Hood C.C., Bruning Ctr..
Concordia
Average Rent
$1,230/Month
Year-Over-Year Rent Change
9.3%
Units Available
17 Rentals
Concordia is a top choice for budget-conscious renters for a variety of reasons. The average rent in Concordia is $1,230 while the city average is $1,523. This is a -9.3% difference from last year. Residents enjoy convenient access to N Killingsworth, Portland International Airport, and Whitaker Ponds Nature Park.
Powellhurst-Gilbert
Average Rent
$1,231/Month
Year-Over-Year Rent Change
0.3%
Units Available
36 Rentals
When you’re looking for a great Portland neighborhood on a budget, check out Powellhurst-Gilbert. The average rent is $1,231, compared to the city average of $1,523. Rent prices have decreased by 0.3%. Powellhurst-Gilbert is convenient to Portland Community College, Se Powell Blvd, and Kelly Butte Natural Area.
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Methodology
Transit Score measures access to public transit. Scores range from 0 (minimal transit) to 100 (rider’s paradise). Learn more about the Transit Score methodology. Rental data is sourced from CoStar Group’s Market Trend reports. As a leading authority in commercial real estate information, analytics, and news, CoStar performs in-depth research to build and sustain an extensive database of commercial real estate insights.
We've combined this data with public records to provide the most current rental information available.