Cheap Apartments for Rent in Downtown Portland
-
Exceptional ValueSTUDIO$470+1 BED$1,056+2 BEDS$1,264+3 BEDS$1,458+
-
STUDIO$500Helen Swindells Building
2-16 NW Broadway, Portland, OR 97209 -
-
STUDIO$800+1 BED$889+2 BEDS$896+Margaret Carter Plaza
517-519 NE Sacramento St, Portland, OR 97212 -
Good ValueSTUDIO$791+1 BED$1,210+Gretchen Kafoury Commons
1240 SW Columbia St, Portland, OR 97201 -
Call for RentZeal Lofts
3155 N Williams Ave, Portland, OR 97227 -
|1 BED$1,799+2 BEDS$1,000+3 BEDS$899+4 BEDS$799+
MW8 - Shared and Furnished Housing
434 SW College St, Portland, OR 97201 -
Exceptional ValueTotal Monthly Price Total Monthly Price NewSTUDIO$849+1 BED$1,250+Base Rent$849 - $1,325Required Monthly Fees$50Total Monthly Price$849 - $1,325Koz on 4th
2211 SW 4th Ave, Portland, OR 97201 -
Price Drop. $289 Off -
STUDIO$860A. Philips Square
614 NE Sacramento St, Portland, OR 97212 -
Rent Special -
-
STUDIO, 1 BATH$88520 NW 16th Ave Unit 1
20 NW 16th Ave, Portland, OR 97209 -
-
Exceptional Value -
1 BED, 1 BATH$8952427 NE 9th Ave Unit B - 2
2427 NE 9th Ave, Portland, OR 97212 -
1 BED$1,125Chesterbury Apartments
2015 NW Kearney St, Portland, OR 97209 -
Rent SpecialSTUDIO$895
Paramount Apartments
253 N Broadway, Portland, OR 97227 -
STUDIO$897Alder House
523-539 SW 13th Ave, Portland, OR 97205 -
Price Drop. $100 OffSTUDIO$899Midtown East
1611 NW Lovejoy St, Portland, OR 97209 -
Exceptional Value|
-
-
STUDIO$900PARK REGENT (PAR01)
1949 NW Everett St, Portland, OR 97209 -
-
2 BEDS$1,064King Dishman
101 NE Knott St, Portland, OR 97212 -
1 BED$1,050The Benson Apartments
915 NW 20th Ave, Portland, OR 97209 -
Exceptional ValueSTUDIO$940+1 BED$1,150+2 BEDS$1,685+Derby Slabtown
1075 NW 16th St, Portland, OR 97209 -
Call for RentHarborview Apartments
5 SW Whitaker St, Portland, OR 97239 -
Exceptional Value -
Price Drop. $195 Off -
Exceptional ValueSTUDIO$950+1 BED$1,406+2 BEDS$1,685+
Tiller Terrace
1670 SW Alder St, Portland, OR 97205 -
Exceptional ValueSTUDIO$950+1 BED$1,115+Bel Aire Apartments
2139 W Burnside St, Portland, OR 97210 -
STUDIO, 1 BATH$950318 NW Broadway Unit 202
318 NW Broadway, Portland, OR 97209 -
Call for RentEverett Micro Lofts
306-318 NW Broadway, Portland, OR 97209 -
Rent Special -
1 Month FreeTotal Monthly Price Total Monthly Price NewSTUDIO$970+1 BED$1,401+2 BEDS$2,507+Base Rent$970 - $2,507Utilities & EssentialsVariesTotal Monthly Price$970 - $2,507
The Addy
1222 NW 18th Ave, Portland, OR 97209 -
Exceptional ValueTotal Monthly Price Total Monthly Price NewSTUDIO$975+1 BED$1,379+Base Rent$975 - $1,329Required Monthly Fees$50Total Monthly Price$975 - $1,379
Koz on 13th
123 SE 13th Ave, Portland, OR 97214 -
STUDIO$975+1 BED$1,100+2 BEDS$1,439+
Stadium Station
737 SW 17th Ave, Portland, OR 97205 -
Exceptional Value -
Rent SpecialSTUDIO$995782 - Topanga Apartments
2157 W Burnside St, Portland, OR 97210 -
STUDIO$995Brown Apartments
807 SW 14th Ave, Portland, OR 97205 -
Price Drop. $252 OffSTUDIO$999+1 BED$1,316+2 BEDS$1,250+
The Yards at Union Station
815 NW Naito Pky, Portland, OR 97209
Portland at a Glance
Cheap Apartments in Downtown Portland Neighborhood in Portland, OR
When looking for cheap apartments in Downtown Portland, Apartment Finder is your deal-hunting partner. Whether you’re looking for a studio, a one-bedroom, or a two-bedroom apartment, you want the best place at the right price. We have a great selection of budget-friendly apartments for rent, and we’ll show you which apartments offer the best value when compared to other apartments in Downtown Portland.
Finding a rental that fits your budget without compromising on quality can seem like a challenge, but Apartment Finder makes it easy to discover cheap apartments with all the features you want. To find an apartment you can afford, try looking in less popular neighborhoods outside of the city center. Timing is everything when searching for rentals that are affordable, so look at different times of the day, different days of the week and (if you can wait) certain months like December through March. When you find an apartment with a great price, don’t hesitate! Cheap apartments tend to go very quickly.
Affordability doens't have to equal sacrifice. While it’s important to be flexible, you might not have to give up as much as you think. You can find a cheap apartment for rent, complete with must-have amenities such as paid utilities and an in-unit washer and dryer. Click on any of these properties to see photos and floor plans, read reviews, check out the rent calculator, and learn more about the neighborhood with information on nearby parks, shopping malls, and transit stops. With 318 cheap apartments available in Downtown Portland, Apartment Finder is the place to find your next rental.
Top Budget-Friendly Neighborhoods in Portland
(For 1 bedroom apartments)- Neighborhoods Average Sq Ft Average Rent
- Glenfair 652 Sq Ft $1,174/mo
- Montavilla 626 Sq Ft $1,190/mo
- Gateway 582 Sq Ft $1,209/mo
- Centennial 656 Sq Ft $1,215/mo
- Cully 554 Sq Ft $1,222/mo
- Mill Park 580 Sq Ft $1,234/mo
- Madison South 708 Sq Ft $1,244/mo
- Powellhurst-Gilbert 570 Sq Ft $1,254/mo
- North Gresham 683 Sq Ft $1,258/mo
- North Tabor 555 Sq Ft $1,259/mo
Education
Data provided by GreatSchools.org 2025 © 2025. All rights reserved.
Select Bedrooms
Specialty Housing
Submitting Request
Thank You
About Our Deals
Apartment Finder utilizes the industry's largest and most complete database of real-time rents and availabilities to help you find an amazing deal on your next rental.
Price Drop
Apartment communities change their rental rates often - sometimes multiple times a day. We track the changes and keep you up to date when a rental rate decreases.
Best Value
"Best value" units are located in buildings rated three stars or higher. We label apartment rentals that are priced significantly less than similar high-quality units nearby.
Rent Specials
Apartment communities regularly advertise deals for new residents. Whether it's a move-in special or a free tv, we locate the rentals that offer a little something extra when you sign your lease.
Note: Based on community-supplied data and independent market research. Subject to change without notice.