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Apartments for Rent in Portland, OR under $700 – 9 Rentals available


Renting a Cheap Apartment in Portland

Hip and laid-back Portland is a great Oregon city with lots of young and motivated residents. As the center of a thriving indie music scene, there are great venues for hearing established and up-and-coming bands all over Portland. Top restaurants, coffee shops, bars and breweries are also easy to come by here. Eclectic and funky neighborhoods, scattered all over the city, boast cozy cafes, many vintage and thrift stores, as well as historic homes. Cycling and alternative transportation is extremely popular in Portland, and residents place a premium on green living and organic, sustainable produce. Winter weather is frequently rainy. Portland’s economy is powered by shipping, manufacturing and real estate. Hiking, cycling, rock climbing, and river sports rank about the most popular recreational activities.

Portland, OR Demographics

  • Total Population645,291
  • Female 319,869
    Male 325,422
  • Median Age37.1

Average Rent in Portland, OR

  • Portland, OR Average Rental Price, May 2021 $1,533 /mo

Portland, OR Apartment Rent Ranges

  • $701-$1,0007%
  • $1,001-$1,50053%
  • $1,501-$2,00028%
  • > $2,00012%

Portland, OR Rent Trends

Average Rent Mar / 2018 Jul / 2018 Nov / 2018 Mar / 2019 Jul / 2019 Nov / 2019 Mar / 2020 Jul / 2020 Nov / 2020 Mar / 2021 May / 2021
Portland, OR $1,452 $1,497 $1,502 $1,485 $1,547 $1,536 $1,538 $1,499 $1,493 $1,509 $1,533
National $1,314 $1,345 $1,354 $1,358 $1,390 $1,397 $1,400 $1,392 $1,396 $1,407 $1,428
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Portland, OR Households

  • Total Number of Households268,718
  • Family 137,633
    Non-family 131,085
  • Children 65,101
    No Children 203,617
  • Average People Per Household2.34
  • Median Household Income$71,005
  • Median Housing Costs Per Month$1,428

Portland, OR Education Statistics

  • No High School3%
  • Some High School20%
  • Some College24%
  • Associate Degree6%
  • Bachelor Degree28%
  • Graduate Degree18%

Renting apartments in Portland, OR under $700

Searching for apartments for rent in Portland, OR under $700 is not an easy task, but luckily you have come to the right place. Whether you are a student on a budget, a young professional on the move, or simply a frugal person, RENTCafé can help you find what you are looking for. Just make sure you know what you consider non-negotiable and what you can compromise on. Your new home is just a few clicks away.

We’ll help you find the cheapest rental near you

Finding a nice cheap apartment is by no means impossible. You just have to be patient. Your “apartments near me under $700” search can bear fruit sooner than you think if you look carefully and check our site often. You never know when discount deals and special offers might pop up. Keep in mind that you are not the only one looking for an affordable apartment in Portland, OR. Choose “Save Search” to receive the latest apartments available directly to your inbox. This way, you will be able to stay one step ahead of the competition. With the cheapest apartments in Portland, OR going for $591 per month, there are great deals waiting to be discovered. Feeling lucky? Expand your search to 2 bedroom apartments and 3 bedroom apartments as well for more space.

Finding a home nearby is easier than you think. Check out our Apartments Near Me page and take your pick!