As the city continues to grow, finding the cheapest neighborhoods in Portland remains a top priority for renters looking to balance cost and convenience. Whether you’re a first-time renter, or just looking to grow your savings, exploring apartments in Portland can help you find a community that fits your lifestyle and budget.
In this Rent. article, we’ll explore some of the most affordable neighborhoods in Portland, complete with neighborhood highlights and key details to help you find your perfect home.
Here’s a quick look at some of the most budget-friendly neighborhoods in Portland and what you can expect to pay for a one-bedroom apartment in each area.
| Neighborhood | Average 1-bedroom rent |
| Hazelwood | $1,125 |
| Brooklyn | $1,165 |
| Multnomah Village | $1,195 |
| Lents | $1,218 |
| Centennial | $1,222 |
| East Portland | $1,250 |
| Hillsdale | $1,263 |
| Sullivan’s Gulch | $1,272 |
| Mt. Tabor | $1,275 |
| Powellhurst-Gilbert | $1,295 |
| Kenton | $1,310 |
1. Hazelwood
Average 1-bedroom rent: $1,125 | YoY change: -10%
Average 2-bedroom rent: $1,495 | YoY change: 7%
Neighborhood highlights: Proximity to Gateway Green Park, easy transit, shopping centers
Hazelwood has both affordability and convenience, with easy access to the Gateway Transit Center for quick commuting. Gateway Green Park is a local hotspot for off-road biking and outdoor fitness. You’ll also find plenty of shopping at Mall 205 and a variety of casual eateries nearby.
2. Brooklyn
Average 1-bedroom rent: $1,165 | YoY change: -17%
Average 2-bedroom rent: $1,895 | YoY change: -14%
Neighborhood highlights: Vintage homes, local breweries, pedestrian-friendly
Brooklyn is a small, historic neighborhood with a laid-back, artistic vibe. It’s home to Portland’s oldest movie theater, the Moreland Theater, and has easy access to the Springwater Corridor for biking and walking. Local spots like the Brooklyn House Restaurant is a great place for a cozy dining experience, while the nearby MAX Orange Line connects you to downtown Portland in minutes.
3. Multnomah Village
Average 1-bedroom rent: $1,195 | YoY change: 6%
Average 2-bedroom rent: $1,375 | YoY change: 4%
Neighborhood highlights: Quaint shops, cozy cafes, artsy vibe
Often called “The Village in the Heart of Portland,” Multnomah Village feels like stepping into a charming small town in Oregon. It’s packed with boutique shops like Switch Shoes & Clothing and local cafes like Marco’s Cafe. The art scene is strong here, with galleries and murals around every corner, making it an exciting and creative place to live.
4. Lents
Average 1-bedroom rent: $1,218 | YoY change: -6%
Average 2-bedroom rent: $1,323 | YoY change: -5%
Neighborhood highlights: Lents International Farmers Market, diverse dining
Lents is a dynamic neighborhood known for its cultural diversity and thriving food scene. The Lents International Farmers Market is a local favorite, featuring global flavors and fresh produce. With access to the Springwater Corridor and Mount Scott Community Center nearby, Lents has plenty of options for staying active and connected.
5. Centennial
Average 1-bedroom rent: $1,222 | YoY change: 22%
Average 2-bedroom rent: $1,325 | YoY change: -11%
Neighborhood highlights: Peaceful streets, Powell Butte trails, suburban charm
Centennial is a quiet neighborhood that’s perfect for those looking for easy access to nature. Powell Butte Nature Park is just minutes away, offering hiking trails with great views of Mt. Hood. The neighborhood’s peaceful streets and proximity to public transit make it an excellent choice for those who want a balance of city living and outdoor adventures.
6. East Portland
Average 1-bedroom rent: $1,250 | YoY change: 0%
Average 2-bedroom rent: $1,497 | YoY change: 0%
Neighborhood highlights: Gateway Discovery Park, multicultural markets, transit-friendly
East Portland is a bustling area with a strong sense of community. Gateway Discovery Park is a central hub for outdoor activities and local events. You’ll also find multicultural markets and eateries, like Fubonn Shopping Center, which features Asian groceries and authentic cuisine. Transit is a breeze with the Gateway Transit Center providing access to multiple MAX light rail lines and bus routes, connecting residents to downtown Portland and beyond.
7. Hillsdale
Average 1-bedroom rent: $1,263 | YoY change: 20%
Average 2-bedroom rent: $1,725 | YoY change: 11%
Neighborhood highlights: Sunday Farmers Market, quiet hills
Located in Portland’s southwest hills, Hillsdale has beautiful views and a walkable shopping district. The Hillsdale Farmers Market is a weekend staple, with fresh produce and artisanal goods. Local spots like Baker & Spice and Paloma Clothing make the area feel both unique and welcoming, while nearby parks add a dose of greenery.
8. Sullivan’s Gulch
Average 1-bedroom rent: $1,272 | YoY change: -9%
Average 2-bedroom rent: $1,795 | YoY change: N/A
Neighborhood highlights: Historic charm, Lloyd Center access, bike-friendly
Sullivan’s Gulch is a centrally located neighborhood in Portland with historic charm and modern conveniences. It’s just steps from the Lloyd Center, where you’ll find shopping, dining, and even an ice rink. The area’s bike-friendly streets and access to MAX light rail make it easy to explore the rest of Portland.
9. Mt. Tabor
Average 1-bedroom rent: $1,275 | YoY change: -20%
Average 2-bedroom rent: $1,499 | YoY change: 7%
Neighborhood highlights: Mt. Tabor Park, scenic trails, reservoir views
Mt. Tabor is a favorite for renters who love outdoor activities and mountain views. The neighborhood’s crown jewel is Mt. Tabor Park, which features trails, open spaces, and a unique reservoir-turned-landmark. With its coffee shops, breweries, and bike-friendly streets, Mt. Tabor perfectly blends urban living with natural beauty.
10. Powellhurst-Gilbert
Average 1-bedroom rent: $1,295 | YoY change: 8%
Average 2-bedroom rent: $1,595 | YoY change: 7%
Neighborhood highlights: Community gardens, local parks
Powellhurst-Gilbert is an up-and-coming neighborhood known for its green spaces and community feel. Parks like Powell Butte and Leach Botanical Garden provide a peaceful escape from the city. The neighborhood also features local gems like Bistro 23 for casual dining and easy access to public transit for commuting.
11. Kenton
Average 1-bedroom rent: $1,310 | YoY change: -25%
Average 2-bedroom rent: $1,995 | YoY change: 0%
Neighborhood highlights: Kenton Park, iconic Paul Bunyan statue, trendy shops
Kenton is a quirky, walkable neighborhood with a fun and eclectic vibe. The iconic Paul Bunyan statue greets you as you explore the area’s trendy shops and cafes. Denver Avenue is the heart of the neighborhood, offering breweries, vintage stores, and a true Portland feel that’s hard to beat.
Methodology: All neighborhoods listed are based on Portland’s Rental Market Trends on Rent.com. Average rental data and annual change data are sourced from January 2025.
