Best Affordable Neighborhoods in Portland, OR
Some of the cheapest neighborhoods in Portland are Cully, Glenfair, and Gateway. These neighborhoods offer some of the lowest rent prices in Portland, making them ideal for renters on a budget. As of May 10, 2026, the average rent in Portland is $1,520, which is 0.9% 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
$1,061/Month
Year-Over-Year Rent Change
0.7%
Units Available
22 Rentals
Cully is an affordable neighborhood in Portland with an average rent price of $1,061. Compare this to the city average of $1,520. In the past year, rent prices have decreased by 0.7%. Cully provides easy access to Ne 82Nd, Fernhill Park, and Portland International.
Glenfair
Average Rent
$1,170/Month
Year-Over-Year Rent Change
0.7%
Units Available
28 Rentals
If you’re looking for a great, affordable neighborhood in Portland, Glenfair might be the perfect place! It has an average rent price of $1,170, while the city’s average stands at $1,520. In the last year, prices have increased by 0.7%. Glenfair is near Mount Hood C.C., Maywood Park, E 148Th, and One Stop Plaza.
Gateway
Average Rent
$1,173/Month
Year-Over-Year Rent Change
2.9%
Units Available
133 Rentals
Gateway is a top choice for budget-conscious renters for a variety of reasons. The average rent in Gateway is $1,173 while the city average is $1,520. This is a -2.9% difference from last year. Residents enjoy convenient access to E 122Nd, E 102Nd, and Portland International.
Mill Park
Average Rent
$1,184/Month
Year-Over-Year Rent Change
0.7%
Units Available
13 Rentals
When you’re looking for a great Portland neighborhood on a budget, check out Mill Park. The average rent is $1,184, compared to the city average of $1,520. Rent prices have increased by 0.7%. Mill Park is convenient to Se Division Street, Portland International, and Division Center.
North Tabor
Average Rent
$1,184/Month
Year-Over-Year Rent Change
0.2%
Units Available
70 Rentals
North Tabor is an affordable neighborhood in Portland with an average rent price of $1,184. Compare this to the city average of $1,520. In the past year, rent prices have increased by 0.2%. North Tabor provides easy access to Gateway/Ne 99Th Transit Center, Hollywood/Ne 42Nd Ave Max Station, and Ne 82Nd.
Wilkes
Average Rent
$1,188/Month
Year-Over-Year Rent Change
0.6%
Units Available
16 Rentals
If you’re looking for a great, affordable neighborhood in Portland, Wilkes might be the perfect place! It has an average rent price of $1,188, while the city’s average stands at $1,520. In the last year, prices have decreased by 0.6%. Wilkes is near E 122Nd, E 172Nd, and Glisan Shopping Center.
Rose City Park
Average Rent
$1,193/Month
Year-Over-Year Rent Change
0.7%
Units Available
86 Rentals
Rose City Park is a top choice for budget-conscious renters for a variety of reasons. The average rent in Rose City Park is $1,193 while the city average is $1,520. This is a -0.7% difference from last year. Residents enjoy convenient access to Hollywood Market Square, Ne 60Th, and Hollywood/Ne 42Nd Ave Max Station.
Centennial
Average Rent
$1,213/Month
Year-Over-Year Rent Change
4.2%
Units Available
55 Rentals
When you’re looking for a great Portland neighborhood on a budget, check out Centennial. The average rent is $1,213, compared to the city average of $1,520. Rent prices have decreased by 4.2%. Centennial is convenient to Division Crossing, Big Dollar Shopping Center, and Leach Botanical Garden.
Montavilla
Average Rent
$1,222/Month
Year-Over-Year Rent Change
0.7%
Units Available
33 Rentals
Montavilla is an affordable neighborhood in Portland with an average rent price of $1,222. Compare this to the city average of $1,520. In the past year, rent prices have decreased by 0.7%. Montavilla provides easy access to Kelly Butte Natural Area, Mount Hood C.C., Maywood Park, and Portland Community College.
Powellhurst-Gilbert
Average Rent
$1,225/Month
Year-Over-Year Rent Change
0.2%
Units Available
39 Rentals
If you’re looking for a great, affordable neighborhood in Portland, Powellhurst-Gilbert might be the perfect place! It has an average rent price of $1,225, while the city’s average stands at $1,520. In the last year, prices have decreased by 0.2%. Powellhurst-Gilbert is near Se Division Street, Leach Botanical Garden, and Mount Hood C.C., Maywood Park.
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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.