Note: Properties with the Total Monthly Price badge include all required fees. Tap the badge for more details.
-

Bedrooms

Bathrooms

Deals & Discount Filters
All Filters

Deals & Discounts

Price Range

–

Beds & Baths

Beds

Baths

Home Type

Pet Policy

Interior & Community Amenities

Speciality Housing

Keyword Search

Cheap Apartments for Rent in Downtown Portland

3,604 Rentals
.
  2. Building Photo - Waterleaf
    Good Value
    |
    STUDIO
    $480+
    1 BED
    $1,260+
    2 BEDS
    $1,505+
    3 BEDS
    $1,733+

    Waterleaf

    2065 S River Pky, Portland, OR 97201
    (360) 558-3372
  16. Building Photo - King Dishman
    1 BED
    $875+
    2 BEDS
    $1,015+

    King Dishman

    101 NE Knott St, Portland, OR 97212
  20. Building Photo - The Yards
    1 Month Free
    1 Month Free
    STUDIO
    $892+
    1 BED
    $1,042+
    2 BEDS
    $1,297+

    The Yards

    945 NW Naito Pky, Portland, OR 97209
    (971) 803-4598
  27. Building Photo - Washington Plaza Apartments
    1 Month Free
    1 Month Free
    STUDIO
    $915+
    1 BED
    $1,145+
    Total Monthly Price Total Monthly Price New
    Base Rent$915 - $1,145
    Required Monthly FeesNone
    Total Monthly Price$915 - $1,145

    Washington Plaza Apartments

    1129 SW Washington St, Portland, OR 97205
    (971) 256-8063
  30. Building Photo - Koz on 4th
    Exceptional Value
    STUDIO
    $925+
    1 BED
    $1,200+
    Total Monthly Price Total Monthly Price New
    Base Rent$925 - $1,325
    Required Monthly FeesNone
    Total Monthly Price$925 - $1,325

    Koz on 4th

    2211 SW 4th Ave, Portland, OR 97201
    (971) 385-5993
  33. Interior Photo - The Pearl Studios
    1 Month Free
    1 Month Free
    STUDIO
    $925

    The Pearl Studios

    1430 NW Pettygrove St, Portland, OR 97209
  40. Interior Photo - Park Plaza
    Exceptional Value
    STUDIO
    $1,187+
    1 BED
    $982+
    2 BEDS
    $1,798+
    Total Monthly Price Total Monthly Price New
    Base Rent$978 - $2,436
    Required Monthly Fees$4
    Utilities & EssentialsVaries
    Total Monthly Price$982 - $2,440

    Park Plaza

    1969 SW Park Ave, Portland, OR 97201
    (971) 351-1151
  42. Building Photo - Koz on 13th
    $181 Off
    Price Drop. $181 Off
    STUDIO
    $994+
    1 BED
    $1,299+
    Total Monthly Price Total Monthly Price New
    Base Rent$994 - $1,530
    Required Monthly FeesNone
    Total Monthly Price$994 - $1,530

    Koz on 13th

    123 SE 13th Ave, Portland, OR 97214
    (971) 391-2362
Showing 42 of 327 results, Page 1 of 8

Portland at a Glance

Average Rent

N/A
(All bedrooms and property types)
0

School Rating

out of 10 Rating
Learn more about
Schools in Portland

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 327 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)

Education

Data provided by GreatSchools.org 2025 © 2025. All rights reserved.

tooltips


I would like to...
0 out of 400 characters
By clicking above, you agree we may pass along your info so this property or the property’s affiliates can email, call, text, or autodial you to follow up and for any purpose. You also agree to... By clicking above, you agree we may pass along your info so this property or the property’s affiliates can email, call, text, or autodial you to follow up and for any purpose. You also agree to Apartmentfinder.com’s Privacy Statement and Terms of Service. Consent is not a condition for services. Message and data rates may apply. Read More Read Less

Submitting Request

Thank You

Your email has been sent.

Learn about our ratings.