OR rent guide
How to Find the Cheapest Place to Rent in Portland (July 2026)
Data as of Jun 9, 2026 · 213 live Portland rentals
Typical rent in Portland runs about $1,360 a month, but the cheapest unit listed right now starts at $850. That gap is the whole game: the lowest rent in Portland is less about the “average” and more about catching the right building, the right floor plan, and the right week. Here’s how to do that, plus the cheaper nearby areas worth a look.
Studio
$1,289
typical / mo
1 bed
$1,410
typical / mo
2 bed
$1,600
typical / mo
3 bed
-
typical / mo
Where to look: Portland and the nearby areas
The fastest way to cut your rent is to widen the map. These are the closest markets to Portland we track, sorted cheapest first. The lower ones are usually a bit farther out or have older housing stock; the pricier ones tend to be closer-in or newer. Pick by what your commute can take.
| Area | Typical rent | vs Portland |
|---|---|---|
| Portland (this city) | $1,360 | - |
| Beaverton, OR | $1,450 | $90 more |
| Vancouver, WA | $1,508 | $148 more |
| Milwaukie, OR | $1,525 | $165 more |
| Gladstone, OR | $1,580 | $220 more |
| Happy Valley, OR | $1,627 | $267 more |
| Lake Oswego, OR | $1,795 | $435 more |
| Portland, WA | $1,800 | $440 more |
How to actually find the cheapest place in Portland
- Filter to the exact bedroom count you need. A studio isn’t automatically cheaper than a one-bedroom (here studios run ~$1,289 vs ~$1,410 for a one-bed), so compare the size you actually want, not the smallest one.
- Sort by price and watch the “from” vs typical gap. The cheapest Portland unit (~$850) sits well under the median (~$1,360). The deals live at the bottom of that range, not the middle.
- Widen to the nearby areas above. Even one town over can change your rent if your commute allows it.
- Set a price-drop alert. Save your search on Budget Leases and get an email the moment a cheaper or newly-dropped Portland place lists, so you see it before it’s gone.
- Be ready to move. The lowest-priced units go fastest. Have your documents ready and tour quickly; in a tight week the cheapest listing can be gone in days.
The cheapest Portland rentals right now
The fastest way to find the cheapest place in Portland
We track every Portland rental we can find and rank them by price, deals first, so you don’t have to check a dozen sites. Browse the full list, filter to your size, and save a search to get the cheapest new ones by email.
See all 213 rentals in Portland →Frequently asked questions
What is the cheapest rent in Portland right now?
The single lowest-priced unit we're tracking in Portland starts around $850/mo, against a typical (median) rent of about $1,360. The cheapest unit is often a few hundred dollars under the median, so sorting by price and moving quickly matters as much as the city you pick.
How much is rent in Portland compared to the rest of OR?
Portland's typical rent (~$1,360/mo) runs about 6% below the OR median of $1,449.
Where are the cheapest areas near Portland?
Portland itself is one of the cheaper markets in the area; widen your bedroom filter or watch for price drops to go lower.
More rent guides
National · Affordability
What Salary You Need to Afford Rent in Every State
The income you need to rent in each US state under the 30% rule, from real median rents, plus the hourly wage it works out to.
National · Affordability
What $1,500 a Month Rents Across America
How far $1,500/mo stretches in each state: the share of apartments it can actually afford, from real listings.
National · Comparison
Studio vs 1-Bedroom Rent, by State
The real rent gap between a studio and a one-bed in each state. In most, a one-bed costs the same or less, here’s where.
National · Affordability
Is a Roommate Worth It? 2-Bed Split vs Renting Solo
How much you save splitting a two-bed with a roommate vs renting a one-bed alone, per state. Nationally ~$585/mo each.
Want the cheapest unit in your city the moment it lists?
Save a search on Budget Leases and we’ll email you when a cheaper match shows up. It’s free, with one-click unsubscribe whenever you’re done looking.
Browse the cheapest rentals →Budget Leases is an independent rental tracker and isn’t affiliated with any listing provider. Rents and availability change constantly, so always confirm the current price on the original listing before you make a decision.