Best Affordable Neighborhoods in Portland, OR
Some of the cheapest neighborhoods in Portland are Collins View, Wilkes, and Glenfair. These neighborhoods offer some of the lowest rent prices in Portland, making them ideal for renters on a budget. As of March 25, 2026, the average rent in Portland is $1,520, which is 0% 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.
Collins View
Average Rent
$1,006/Month
Units Available
10 Rentals
Collins View is a top choice for budget-conscious renters for a variety of reasons. The average rent in Collins View is $1,006 while the city average is $1,520. Residents enjoy convenient access to Lewis & Clark College, Sellwood Riverfront Park, and Foley-Balmer Natural Area.
Wilkes
Average Rent
$1,192/Month
Year-Over-Year Rent Change
1.8%
Units Available
12 Rentals
When you’re looking for a great Portland neighborhood on a budget, check out Wilkes. The average rent is $1,192, compared to the city average of $1,520. Rent prices have decreased by 1.8%. Wilkes is convenient to E 162Nd, Nadaka Nature Park, and Mount Hood C.C., Gresham.
Glenfair
Average Rent
$1,201/Month
Year-Over-Year Rent Change
0.2%
Units Available
20 Rentals
Glenfair is an affordable neighborhood in Portland with an average rent price of $1,201. Compare this to the city average of $1,520. In the past year, rent prices have decreased by 0.2%. Glenfair provides easy access to Mount Hood C.C., Gresham, E 172Nd, and John Luby Park.
Gateway
Average Rent
$1,223/Month
Year-Over-Year Rent Change
0.7%
Units Available
134 Rentals
If you’re looking for a great, affordable neighborhood in Portland, Gateway might be the perfect place! It has an average rent price of $1,223, while the city’s average stands at $1,520. In the last year, prices have decreased by 0.7%. Gateway is near Gateway/Ne 99Th Transit Center, E 102Nd, and .
Mill Park
Average Rent
$1,238/Month
Year-Over-Year Rent Change
0.7%
Units Available
11 Rentals
Mill Park is a top choice for budget-conscious renters for a variety of reasons. The average rent in Mill Park is $1,238 while the city average is $1,520. This is a 0.7% difference from last year. Residents enjoy convenient access to Ed Benedict Park, Se Powell Blvd, and Division Center.
Cully
Average Rent
$1,246/Month
Year-Over-Year Rent Change
0.3%
Units Available
19 Rentals
When you’re looking for a great Portland neighborhood on a budget, check out Cully. The average rent is $1,246, compared to the city average of $1,520. Rent prices have decreased by 0.3%. Cully is convenient to Mt Hood Avenue, Portland International, and Concordia University-Portland.
Rose City Park
Average Rent
$1,247/Month
Year-Over-Year Rent Change
1.7%
Units Available
94 Rentals
Rose City Park is an affordable neighborhood in Portland with an average rent price of $1,247. Compare this to the city average of $1,520. In the past year, rent prices have decreased by 1.7%. Rose City Park provides easy access to Ne 82Nd, Portland International, and Ne 60Th.
Montavilla
Average Rent
$1,248/Month
Year-Over-Year Rent Change
0.3%
Units Available
26 Rentals
If you’re looking for a great, affordable neighborhood in Portland, Montavilla might be the perfect place! It has an average rent price of $1,248, while the city’s average stands at $1,520. In the last year, prices have decreased by 0.3%. Montavilla is near Ne 60Th, Rose City Park, and Portland International.
Kenton Commercial Historic District
Average Rent
$1,248/Month
Units Available
24 Rentals
Kenton Commercial Historic District is a top choice for budget-conscious renters for a variety of reasons. The average rent in Kenton Commercial Historic District is $1,248 while the city average is $1,520. Residents enjoy convenient access to Portland International, Concordia University-Portland, and Pacific Northwest Coll. Of Art.
Powellhurst-Gilbert
Average Rent
$1,252/Month
Year-Over-Year Rent Change
0.9%
Units Available
61 Rentals
When you’re looking for a great Portland neighborhood on a budget, check out Powellhurst-Gilbert. The average rent is $1,252, compared to the city average of $1,520. Rent prices have decreased by 0.9%. Powellhurst-Gilbert is convenient to Beggars-Tick Wildlife Refuge, Portland International, and Lents Town Center/Se Foster Road.
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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.