Budget Leases

Apartments for Rent in Portland, OR

Across 213 rentals in Portland, OR, the cheapest we list is $850/mo and the average asking rent is around $1,426/mo. That's about 4% under the OR average of $1,490/mo, on the cheaper side for the state. By size, expect one-bedrooms around $1,475/mo and two-bedrooms around $1,727/mo. Listings are ranked cheapest-first and updated regularly.

Updated Jun 9, 2026

Cheapest
$850
lowest listed rent
Average rent
$1,4264% below OR
across all sizes
Average by sizevs OR typical
Studio$1,281~ OR avg
1 bed$1,475~ OR avg
2 bed$1,7276% above OR
3 bed$2,69319% above OR

Renter guide

How to find the cheapest place to rent in Portland

213 rentals in Portland, OR

Every size & style, ranked by price

Renting in Portland, OR: common questions

How much is rent in Portland, OR?
The average asking rent across the 213 listings we track in Portland, OR is $1,426/mo, with the cheapest starting at $850/mo. Prices change often, so confirm current rates on each listing.
What is the cheapest apartment for rent in Portland?
Metropolitan Apartments is the lowest-priced rental we're tracking in Portland, OR at $850/mo. We rank every listing cheapest-first so the best-value options are always at the top.
What is the average rent by bedroom in Portland?
Based on the listings we track in Portland, OR: studios around $1,281/mo, one-bedrooms around $1,475/mo, two-bedrooms around $1,727/mo, three-bedrooms around $2,693/mo. These are averages and shift with availability.
Is Portland expensive to rent in?
Relatively no. Portland's average rent of $1,426/mo is about 4% below the OR state average of $1,490/mo, making it one of the more affordable markets in the state.

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Nearby cities
Portland, WAMilwaukie, ORLake Oswego, ORHappy Valley, ORVancouver, WABeaverton, ORGladstone, ORTigard, OR
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