Most Affordable Neighborhoods in Portland, OR
Some of the cheapest neighborhoods in Portland are Glenfair, Gateway, and Montavilla. These neighborhoods offer some of the lowest rent prices in Portland, making them ideal for renters on a budget. As of June 13, 2025, the average rent in Portland is $1,532, which is 0.2% higher 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.
Glenfair
Average Rent
$1,180/Month
Year-Over-Year Rent Change
1.2%
TransitScore® Rating
59/100
Units Available
27 Rentals
When you’re looking for a great Portland neighborhood on a budget, check out Glenfair. The average rent is $1,180, compared to the city average of $1,532. Rent prices have increased by 1.2%. Glenfair is convenient to E 148Th Ave Max Station, John Luby Park, and Rockwood/E 188Th Ave Max Station. The community is somewhat walkable with a WalkScore® of 68.
Gateway
Average Rent
$1,217/Month
Year-Over-Year Rent Change
0.3%
TransitScore® Rating
62/100
Units Available
108 Rentals
Gateway is an affordable neighborhood in Portland with an average rent price of $1,217. Compare this to the city average of $1,532. In the past year, rent prices have decreased by 0.3%. Gateway provides easy access to E 148Th Ave Max Station, E 102Nd Ave Max Station, and Ventura Park. It’s a walkable neighborhood with a WalkScore® of 73.
Montavilla
Average Rent
$1,238/Month
Year-Over-Year Rent Change
1.3%
TransitScore® Rating
61/100
Units Available
17 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 $1,238, while the city’s average stands at $1,532. In the last year, prices have increased by 1.3%. Montavilla is near Rosemont Bluff Natural Area, Rose City Park, and E 102Nd Ave Max Station.
Mill Park
Average Rent
$1,239/Month
Year-Over-Year Rent Change
1.8%
TransitScore® Rating
53/100
Units Available
13 Rentals
Mill Park is a top choice for budget-conscious renters for a variety of reasons. The average rent in Mill Park is $1,239 while the city average is $1,532. This is a 1.8% difference from last year. Residents enjoy convenient access to Kelly Butte Natural Area, Mount Hood C.C., Maywood Park, and Se Main St Max Station. The neighborhood is considered walkable with a WalkScore® of 71.
Centennial
Average Rent
$1,243/Month
Year-Over-Year Rent Change
1.6%
TransitScore® Rating
47/100
Units Available
63 Rentals
When you’re looking for a great Portland neighborhood on a budget, check out Centennial. The average rent is $1,243, compared to the city average of $1,532. Rent prices have increased by 1.6%. Centennial is convenient to Centennial Square, Leach Botanical Garden, and Portland Community College. The community is somewhat walkable with a WalkScore® of 67.
Prestige Park
Average Rent
$1,243/Month
TransitScore® Rating
39/100
Units Available
20 Rentals
Prestige Park is an affordable neighborhood in Portland with an average rent price of $1,243. Compare this to the city average of $1,532. Prestige Park provides easy access to Government Island State Recreation Area, Mount Hood C.C., Bruning Ctr., and E 122Nd Ave Max Station. It’s a somewhat walkable neighborhood with a WalkScore® of 62.
Parkrose Heights
Average Rent
$1,253/Month
Year-Over-Year Rent Change
1.2%
TransitScore® Rating
53/100
Units Available
10 Rentals
If you’re looking for a great, affordable neighborhood in Portland, Parkrose Heights might be the perfect place! It has an average rent price of $1,253, while the city’s average stands at $1,532. In the last year, prices have increased by 1.2%. Parkrose Heights is near Ne 82Nd Ave Max Station, Johnson Lake Property, and Portland Community College.
Argay
Average Rent
$1,254/Month
Year-Over-Year Rent Change
5.5%
TransitScore® Rating
38/100
Units Available
21 Rentals
Argay is a top choice for budget-conscious renters for a variety of reasons. The average rent in Argay is $1,254 while the city average is $1,532. This is a -5.5% difference from last year. Residents enjoy convenient access to Sandy Shopping Center, Parkrose Plaza, and Mount Hood C.C., Bruning Ctr.. The neighborhood is considered car-dependent with a WalkScore® of 48.
Powellhurst-Gilbert
Average Rent
$1,256/Month
Year-Over-Year Rent Change
0.4%
TransitScore® Rating
47/100
Units Available
36 Rentals
When you’re looking for a great Portland neighborhood on a budget, check out Powellhurst-Gilbert. The average rent is $1,256, compared to the city average of $1,532. Rent prices have decreased by 0.4%. Powellhurst-Gilbert is convenient to Portland International, Lents/Se Foster Rd Max Station, and Se Powell Blvd Max Station. The community is somewhat walkable with a WalkScore® of 62.
Madison South
Average Rent
$1,263/Month
Year-Over-Year Rent Change
10.9%
TransitScore® Rating
65/100
Units Available
12 Rentals
Madison South is an affordable neighborhood in Portland with an average rent price of $1,263. Compare this to the city average of $1,532. In the past year, rent prices have increased by 10.9%. Madison South provides easy access to Asian-American Shopping Center, Rose City Park, and Rosemont Bluff Natural Area. It’s a somewhat walkable neighborhood with a WalkScore® of 64.
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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.