Most Affordable Neighborhoods in Portland, OR
Some of the cheapest neighborhoods in Portland are Park Blocks, Bridgeton, and North Portland. These neighborhoods offer some of the lowest rent prices in Portland, making them ideal for renters on a budget. As of January 26, 2025, the average rent in Portland is $1,501, which is 0.8% lower than last year. However, it's important to remember that rental prices can vary significantly based on factors such as location, amenities, and floor plans.
Park Blocks
Average Rent
$1,722/Month
Year-Over-Year Rent Change
2.4%
TransitScore® Rating
93/100
Units Available
230 Rentals
The Park Blocks area offers a serene setting with its extensive green spaces and tree-lined streets. Proximity to cultural institutions and public transportation adds to its desirability. Renters appreciate the balance of tranquility and city connectivity.
Bridgeton
Average Rent
$1,729/Month
Year-Over-Year Rent Change
0.1%
TransitScore® Rating
44/100
Units Available
152 Rentals
If you’re looking for a great, affordable neighborhood in Portland, Bridgeton might be the perfect place! It has an average rent price of $1,729, while the city’s average stands at $1,501. In the last year, prices have decreased by 0.1%. Bridgeton is near Clark College, Vancouver, North Harbor Plaza, and University of Portland.
North Portland
Average Rent
$1,755/Month
Year-Over-Year Rent Change
0.2%
TransitScore® Rating
43/100
Units Available
376 Rentals
North Portland features an array of budget-friendly housing options within its eclectic neighborhoods. Numerous bike paths and parks cater to outdoor enthusiasts. The community’s strong sense of identity and vibrant local businesses enrich daily living.
Cedar Hills-Cedar Mill
Average Rent
$1,771/Month
Year-Over-Year Rent Change
4.6%
TransitScore® Rating
12/100
Units Available
196 Rentals
Cedar Hills-Cedar Mill presents a suburban feel while being just minutes away from Downtown Portland. The neighborhood is home to expansive shopping centers and recreational facilities. Affordable rental properties make it an attractive choice for budget-conscious renters.
South Portland
Average Rent
$1,812/Month
Year-Over-Year Rent Change
1%
TransitScore® Rating
64/100
Units Available
174 Rentals
South Portland encompasses a mix of newer developments and established residences. Its waterfront location provides beautiful views and ample recreation opportunities. Access to major highways ensures efficient travel throughout the city.
Southwest Portland
Average Rent
$1,847/Month
Year-Over-Year Rent Change
0.6%
TransitScore® Rating
52/100
Units Available
517 Rentals
Southwest Portland is characterized by its rolling hills and wooded neighborhoods, providing a peaceful yet connected lifestyle. Affordable rental homes are nestled among natural beauty and convenient amenities with Mount Tabor in the background. Proximity to major highways and state parks makes it perfect for outdoor adventurers who don't want to sacrifice convenience.
East Portland
Average Rent
$1,858/Month
Year-Over-Year Rent Change
0.3%
TransitScore® Rating
52/100
Units Available
216 Rentals
East Portland is a top choice for budget-conscious renters for a variety of reasons. The average rent in East Portland is $1,858 while the city average is $1,501. This is a 0.3% difference from last year. Residents enjoy convenient access to Portland International, Mount Hood C.C., Bruning Ctr., and Se Main Street. The neighborhood is considered somewhat walkable with a WalkScore® of 67.
Waterfront
Average Rent
$1,872/Month
Year-Over-Year Rent Change
5.5%
TransitScore® Rating
92/100
Units Available
147 Rentals
When you’re looking for a great Portland neighborhood on a budget, check out Waterfront. The average rent is $1,872, compared to the city average of $1,501. Rent prices have decreased by 5.5%. Waterfront is convenient to Director Park, Pacific Northwest Coll. Of Art, and Portland State University. The community is walkable with a WalkScore® of 96.
Boise
Average Rent
$1,891/Month
Year-Over-Year Rent Change
4%
TransitScore® Rating
54/100
Units Available
157 Rentals
Boise, situated in North and Northeast Portland, is an appealing spot for renters looking for a lively neighborhood. The area is renowned for its bustling streets like Mississippi Avenue, where unique shops, diverse cuisine, and entertainment venues abound. With quick access to serene parks and convenient public transit, Boise offers both excitement and practicality for everyday living.
Arts District
Average Rent
$1,898/Month
Year-Over-Year Rent Change
0.9%
TransitScore® Rating
94/100
Units Available
252 Rentals
Arts District is an affordable neighborhood in Portland with an average rent price of $1,898. Compare this to the city average of $1,501. In the past year, rent prices have decreased by 0.9%. Arts District provides easy access to Pacific Northwest Coll. Of Art, Portland International, and Oregon Maritime Center and Museum. It’s a walkable neighborhood with a WalkScore® of 100.
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Methodology
Transit Score measures access to public transit. Scores range from 0 (minimal transit) to 100 (rider’s paradise). Learn more about the Transit Score methodology. Rental data is sourced from CoStar Group’s Market Trend reports. As a leading authority in commercial real estate information, analytics, and news, CoStar performs in-depth research to build and sustain an extensive database of commercial real estate insights.
We've combined this data with public records to provide the most current rental information available.