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Cheap Apartments for Rent in Portland, OR - 142 Rentals available

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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 Population630,331
  • Female 312,021
    Male 318,310
  • Median Age36.8

Average Rent in Portland, OR

  • Portland, OR Average Rental Price, December 2019 $1,535 /mo

Portland, OR Apartment Rent Ranges

  • $701-$1,0008%
  • $1,001-$1,50050%
  • $1,501-$2,00029%
  • > $2,00013%

Portland, OR Rent Trends

Average Rent Nov / 2016 Mar / 2017 Jul / 2017 Nov / 2017 Mar / 2018 Jul / 2018 Nov / 2018 Mar / 2019 Jul / 2019 Nov / 2019 Dec / 2019
Portland, OR $1,454 $1,438 $1,466 $1,460 $1,452 $1,497 $1,502 $1,485 $1,547 $1,536 $1,535
National $1,354 $1,350 $1,382 $1,385 $1,388 $1,423 $1,431 $1,434 $1,469 $1,473 $1,474
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Average rent is projected to grow by 4% in 2019 compared to 2018.

Please note that projected rent growth is calculated at city level.

Check out the average rent prices in Portland by neighborhood.

Portland, OR Households

  • Total Number of Households260,949
  • Family 135,543
    Non-family 125,406
  • Children 66,497
    No Children 194,452
  • Average People Per Household2.35
  • Median Household Income$61,532
  • Median Housing Costs Per Month$1,299

Portland, OR Education Statistics

  • No High School3%
  • Some High School21%
  • Some College25%
  • Associate Degree7%
  • Bachelor Degree27%
  • Graduate Degree17%

Looking for a cheap apartment for rent in Portland, OR? With RENTCafé, finding an affordable apartment in Portland, OR has never been easier. We feature 149 low-priced rentals directly from property managers, with rents lower than the Portland, OR average. What is a cheap rent in Portland, OR? The average apartment rent in Portland is $1,535 per month so any rental south of $1,228 would be considered cheap here. On RENTCafé, Portland, OR rents go as low as $725/mo.

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