Best Affordable Neighborhoods in Portland, OR
Some of the cheapest neighborhoods in Portland are Gateway, Glenfair, and Mill Park. These neighborhoods offer some of the lowest rent prices in Portland, making them ideal for renters on a budget. As of February 7, 2026, the average rent in Portland is $1,507, which is 1% 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.
Gateway
Average Rent
$1,199/Month
Year-Over-Year Rent Change
1%
TransitScore® Rating
62/100
Units Available
108 Rentals
When you’re looking for a great Portland neighborhood on a budget, check out Gateway. The average rent is $1,199, compared to the city average of $1,507. Rent prices have decreased by 1%. Gateway is convenient to Mount Hood C.C., Maywood Park, , and Reed College. The community is walkable with a WalkScore® of 73.
Glenfair
Average Rent
$1,200/Month
Year-Over-Year Rent Change
0.7%
TransitScore® Rating
59/100
Units Available
23 Rentals
Glenfair is an affordable neighborhood in Portland with an average rent price of $1,200. Compare this to the city average of $1,507. In the past year, rent prices have decreased by 0.7%. Glenfair provides easy access to One Stop Plaza, Midland Park, and Mount Hood C.C., Maywood Park. It’s a somewhat walkable neighborhood with a WalkScore® of 68.
Mill Park
Average Rent
$1,202/Month
Year-Over-Year Rent Change
0.6%
TransitScore® Rating
53/100
Units Available
10 Rentals
If you’re looking for a great, affordable neighborhood in Portland, Mill Park might be the perfect place! It has an average rent price of $1,202, while the city’s average stands at $1,507. In the last year, prices have increased by 0.6%. Mill Park is near Midland Park, Reed College, and Ed Benedict Park.
Wilkes
Average Rent
$1,211/Month
Year-Over-Year Rent Change
1.8%
TransitScore® Rating
44/100
Units Available
14 Rentals
Wilkes is a top choice for budget-conscious renters for a variety of reasons. The average rent in Wilkes is $1,211 while the city average is $1,507. This is a -1.8% difference from last year. Residents enjoy convenient access to Halsey Villa, E 162Nd, and Portland International. The neighborhood is considered car-dependent with a WalkScore® of 46.
Centennial
Average Rent
$1,219/Month
Year-Over-Year Rent Change
3.7%
TransitScore® Rating
48/100
Units Available
62 Rentals
When you’re looking for a great Portland neighborhood on a budget, check out Centennial. The average rent is $1,219, compared to the city average of $1,507. Rent prices have decreased by 3.7%. Centennial is convenient to Nadaka Nature Park, Powell Butte Nature Park, and Mount Hood C.C., Maywood Park. The community is somewhat walkable with a WalkScore® of 67.
Montavilla
Average Rent
$1,226/Month
Year-Over-Year Rent Change
0.2%
TransitScore® Rating
61/100
Units Available
21 Rentals
Montavilla is an affordable neighborhood in Portland with an average rent price of $1,226. Compare this to the city average of $1,507. In the past year, rent prices have decreased by 0.2%. Montavilla provides easy access to Gateway/Ne 99Th Transit Center, Mount Hood C.C., Maywood Park, and Portland Community College. It’s a walkable neighborhood with a WalkScore® of 82.
Casmur
Average Rent
$1,232/Month
TransitScore® Rating
46/100
Units Available
15 Rentals
If you’re looking for a great, affordable neighborhood in Portland, Casmur might be the perfect place! It has an average rent price of $1,232, while the city’s average stands at $1,507. Casmur is near Halsey Retail Center, 111th Square, and Cole's Complex.
Hillside
Average Rent
$1,239/Month
TransitScore® Rating
62/100
Units Available
24 Rentals
Hillside is a top choice for budget-conscious renters for a variety of reasons. The average rent in Hillside is $1,239 while the city average is $1,507. This is a -0% difference from last year. Residents enjoy convenient access to Nw 21St & Northrup, Pacific Northwest Coll. Of Art, and Uptown Shopping Center. The neighborhood is considered walkable with a WalkScore® of 75.
Cypress Park
Average Rent
$1,241/Month
TransitScore® Rating
50/100
Units Available
15 Rentals
When you’re looking for a great Portland neighborhood on a budget, check out Cypress Park. The average rent is $1,241, compared to the city average of $1,507. Cypress Park is convenient to Portland Community College, E 162Nd, and Halsey Crossing. The community is somewhat walkable with a WalkScore® of 66.
Morgans Run
Average Rent
$1,247/Month
Units Available
23 Rentals
Morgans Run is an affordable neighborhood in Portland with an average rent price of $1,247. Compare this to the city average of $1,507. Morgans Run provides easy access to Tualatin Hills Nature Center, University of Portland, and West Union Village.
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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.