Cheapest Neighborhoods in Portland, OR
Some of the cheapest neighborhoods in Portland are Madison South, Montavilla, and Cully. These neighborhoods offer some of the lowest rent prices in Portland, making them ideal for renters on a budget. As of August 9, 2026, the average rent in Portland is $1,531, which is 1% 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.
Madison South
Average Rent
$1,123/Month
Year-Over-Year Rent Change
6.5%
Units Available
10 Rentals
If you’re looking for a great, affordable neighborhood in Portland, Madison South might be the perfect place! It has an average rent price of $1,123, while the city’s average stands at $1,531. In the last year, prices have decreased by 6.5%. Madison South is near Parkrose/Sumner Transit Center, Concordia University-Portland, and 8505-8535 NE Fremont St.
Montavilla
Average Rent
$1,131/Month
Year-Over-Year Rent Change
1.8%
Units Available
18 Rentals
Montavilla is a top choice for budget-conscious renters for a variety of reasons. The average rent in Montavilla is $1,131 while the city average is $1,531. This is a -1.8% difference from last year. Residents enjoy convenient access to Ne 82Nd, Gateway/Ne 99Th Transit Center, and Portland Community College.
Cully
Average Rent
$1,138/Month
Year-Over-Year Rent Change
1.5%
Units Available
33 Rentals
When you’re looking for a great Portland neighborhood on a budget, check out Cully. The average rent is $1,138, compared to the city average of $1,531. Rent prices have increased by 1.5%. Cully is convenient to Cascades, Mount Hood C.C., Maywood Park, and Rose City Park.
Orchard Homes
Average Rent
$1,143/Month
Units Available
42 Rentals
Orchard Homes is an affordable neighborhood in Portland with an average rent price of $1,143. Compare this to the city average of $1,531. Orchard Homes provides easy access to Ne 60Th, Rosemont Bluff Natural Area, and Ne 82Nd.
North Tabor
Average Rent
$1,154/Month
Year-Over-Year Rent Change
0.5%
Units Available
48 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 $1,154, while the city’s average stands at $1,531. In the last year, prices have increased by 0.5%. North Tabor is near Hollywood Crossing, Rosemont Bluff Natural Area, and Mount Hood C.C., Maywood Park.
Glenfair
Average Rent
$1,161/Month
Year-Over-Year Rent Change
1.3%
Units Available
31 Rentals
Glenfair is a top choice for budget-conscious renters for a variety of reasons. The average rent in Glenfair is $1,161 while the city average is $1,531. This is a 1.3% difference from last year. Residents enjoy convenient access to One Stop Plaza, Rockwood/E 188Th Transit Center, and Powell Butte Nature Park.
Gateway
Average Rent
$1,177/Month
Year-Over-Year Rent Change
1.4%
Units Available
138 Rentals
When you’re looking for a great Portland neighborhood on a budget, check out Gateway. The average rent is $1,177, compared to the city average of $1,531. Rent prices have increased by 1.4%. Gateway is convenient to Kelly Butte Natural Area, Midland Park, and E 102Nd.
Rose City Park
Average Rent
$1,182/Month
Year-Over-Year Rent Change
1.5%
Units Available
50 Rentals
Rose City Park is an affordable neighborhood in Portland with an average rent price of $1,182. Compare this to the city average of $1,531. In the past year, rent prices have decreased by 1.5%. Rose City Park provides easy access to 4152 NE Hancock St, 4300-4316 NE Hancock St, and Portland Community College.
Centennial
Average Rent
$1,203/Month
Year-Over-Year Rent Change
1.7%
Units Available
56 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 $1,203, while the city’s average stands at $1,531. In the last year, prices have decreased by 1.7%. Centennial is near E 148Th, Ventura Park, and E 181St.
Concordia
Average Rent
$1,224/Month
Year-Over-Year Rent Change
7.4%
Units Available
20 Rentals
Concordia is a top choice for budget-conscious renters for a variety of reasons. The average rent in Concordia is $1,224 while the city average is $1,531. This is a -7.4% difference from last year. Residents enjoy convenient access to Fernhill Park, Ne Grand & Broadway, and Columbia Blvd Shop and Yard.
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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.