5 Most Affordable Neighborhoods in Portland, OR
Searching for Portland housing on a budget? Explore the most affordable neighborhoods in the city with this in-depth guide.
Known for its natural beauty, the city of Portland is extremely eco-friendly in the best way possible. This green city, both literally and figuratively, boasts thousands of acres of lush public parks with extensive biking and hiking trails. Portland is Oregon’s largest city on the Columbia and Willamette Rivers. This thriving area is home to the iconic Washington Park, which offers residents and visitors alike 15 miles of trails, the Oregon Zoo, and the Portland Japanese Garden. Portland has its own public railway service, so getting around the city is easier than ever.
This major metropolis is known for its art, theater, and music scene. Check out popular attractions like the Portland Art Museum, OMSI, Arlene Schnitzer Concert Hall, and Roseland Theater. Portland’s culinary scene is one of the best, offering up chef-inspired restaurants and lively local businesses like Tasty n Alder, Pok Pok, Deschutes Brewery, Voodoo Doughnut, and Salt & Straw. Portland is bordered by Gifford Pinchot National Forest, Mount Hood National Forest, and Clatsop National Forest, offering residents scenic views in every direction from their luxury apartments and cozy homes.
Fireworks light up the night sky
The dazzling lights of Portland
Portland is one of the most bikeable cities in the US
Chapman Square in Downtown Portland
Lovejoy Fountain Park in the fall
Tom McCall Waterfront Park provides beautiful views of the Willamette River
As of April 2025, the average apartment rent in Portland, OR is $1,238 for a studio, $1,506 for one bedroom, $1,790 for two bedrooms, and $2,118 for three bedrooms. Apartment rent in Portland has decreased by -0.5% in the past year.
The cost of living in Portland, OR is 19.4% higher than the national average. Generally, housing in Portland is 48.7% more expensive than the national average, with rent falling between $1,238 - $2,118. You can expect to pay 10.3% more for groceries, 8.9% less for utilities, and 29.9% more for transportation.
Searching for Portland housing on a budget? Explore the most affordable neighborhoods in the city with this in-depth guide.
Very Walkable
out of 100 WalkScore® Rating
If you enjoy walking, you’ll enjoy renting in this area! It’s a very walkable neighborhood.
Good Transit
out of 100 TransitScore® Rating
The area around this property has good transit with many nearby transportation options.
Very Bikeable
out of 100 BikeScore® Rating
This area is very bikeable. You’ll find a variety of bike paths and lanes.
Public
Grades K-8
604 Students
Public
Grades K-5
538 Students
Public
Grades K-5
413 Students
Public
Grades K-5
353 Students
Public
Grades K-5
300 Students
Public
Grades K-8
604 Students
Public
Grades 6-8
606 Students
Public
Grades K-8
313 Students
Public
Grades K-8
215 Students
Public
Grades 6-8
563 Students
Public
Grades 9-12
185 Students
Public
Grades 9-12
2,156 Students
Public
Grades 9-12
1,525 Students
Public
Grades 9-12
1,962 Students
Public
Grades 9-12
1,547 Students
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113,751
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204
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6
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† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2025.