5 Affordable Neighborhoods to Check Out in Portland, OR

Portland, OR, keeps it weird — and surprisingly livable. For renters, this Pacific Northwest city blends indie culture, bike-friendly streets and forested parks into a lifestyle that’s hard to beat. But, with housing costs on the rise across the country, renters are increasingly on the lookout for budget-friendly neighborhoods that still offer rental apartments and great amenities.

The overall cost of living in Portland, OR, is 4% higher than the state average and 21% higher than the national average. However, that doesn’t mean that affordable options are out of reach. In fact, there are several pockets where renters can find reasonably priced apartments in Portland, in neighborhoods that offer great access to shops, parks, public transit and more.

If you’re looking to live in one of the best affordable neighborhoods in Portland, the following five options are smart places to start your search:

• Mount Tabor
• Bridlemile
• Irvington
• Richmond
• Hillsdale

Mount Tabor

Average rent as of May 2025: $1,509

Mount Tabor sits on the east side of Portland and surrounds the extinct volcano and namesake park that gives the area a distinctly local character. The neighborhood also offers apartment-seekers a peaceful and green setting without cutting them off from city life. It’s a great example of a budget-friendly neighborhood that doesn’t sacrifice livability.

Additionally, many renters enjoy the ease of walking to Mount Tabor Park with its trails and scenic views, as well as the access to community events and small local businesses. The area also features a good mix of older apartments and newer units at a relatively accessible price point.

Bridlemile

Average rent as of May 2025: $1,535

Bridlemile is located in southwest Portland and is known for being one of the best affordable neighborhoods for families and renters who want a quieter environment. Plus, despite its residential feel, Bridlemile is only a short drive or bus ride from downtown Portland.

Here, renters appreciate the calm surroundings, access to quality schools and a range of spacious rental options. Plus, many of the apartments are tucked into leafy hillsides or near local trails. If you’re looking for a budget-friendly neighborhood that doesn’t feel too urban, Bridlemile is worth exploring.

Irvington

Average rent as of May 2025: $1,563

If you’re drawn to neighborhoods with architectural appeal, Irvington might be one of the best affordable neighborhoods in Portland for you. Located in the northeastern part of the city, Irvington features a mix of historic homes, classic apartment buildings and newer developments.

The neighborhood offers renters a taste of old Portland charm while still providing access to modern amenities. Renters also enjoy being close to popular coffee shops, bookstores and the Lloyd Center shopping area. The MAX Light Rail also connects Irvington to the rest of the city, making commuting a breeze.

Richmond

Average rent as of May 2025: $1,576

Richmond is one of Portland’s most walkable and culturally rich neighborhoods. And, yes, it’s still one of the best affordable neighborhoods for renters. Located in the southeastern part of the city, Richmond is best known for its proximity to Division Street, where renters can find some of Portland’s best restaurants, food trucks and local boutiques.

Apartments here range from older duplexes to newer buildings with updated amenities. It’s a budget-friendly neighborhood with personality, which is ideal for renters who want to be close to the action, but also avoid sky-high rents.

Hillsdale

Average rent as of May 2025: $1,636

Hillsdale offers renters a different kind of Portland living experience: Situated in the city’s southwestern section, this neighborhood feels like a self-contained small town, complete with a library, farmers market and locally owned shops.

At the same time, it’s just minutes from downtown. That makes it one of the most practical and affordable neighborhoods in Portland for renters who want balance. Apartments in Hillsdale are often nestled into green corners of the neighborhood, giving renters a bit of breathing room while keeping them connected to urban conveniences.

Finding a place to live in Portland doesn’t have to break your budget. Whether you prefer the peaceful energy of Mount Tabor, the suburban comfort of Bridlemile, or the lively culture of Richmond, Portland has a range of budget-friendly neighborhoods that offer both value and character. These five neighborhoods prove that the best affordable neighborhoods in Portland are also some of the most livable. Start your apartment search in one of these areas and discover how much more Portland has to offer renters on a budget.