Cheap Apartments for Rent in 97232
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SPECIAL OFFERPET FRIENDLY$1,257 - $2,348/mo
Studio-2 Beds
1-2 BathsThe Merrick | 1231 NE Martin Luther King Jr Blvd,
Portland, OR 97232
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SPECIAL OFFERPET FRIENDLY$1,295 - $3,043/moStudio-2 Beds1-2 BathsThe Strauss on Burnside | 77 NE Grand Ave,
Portland, OR 97232
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SPECIAL OFFERPET FRIENDLYTotal price$1,425 - $2,995/moStudio-2 Beds1-2 BathsHolloway | 2050 NE Pacific St,
Portland, OR 97232
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SPECIAL OFFERPET FRIENDLYTotal price$1,495 - $2,127/mo1-2 Beds1-2 BathsAxcess 15 Apartments | 1500 NE 15th Ave,
Portland, OR 97232
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Average Rent Trends in 97232
Rent in 97232 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent increased in Sep 2026 compared to the previous month. Rent previously peaked in Nov 2025.
| Month | Average rent |
|---|---|
| Oct 2025 | $1,695 |
| Nov 2025 | $1,790 |
| Dec 2025 | $1,568 |
| Jan 2026 | $1,700 |
| Feb 2026 | $1,595 |
| Mar 2026 | $1,499 |
| Apr 2026 | $1,537 |
| May 2026 | $1,683 |
| Jun 2026 | $1,550 |
| Jul 2026 | $1,495 |
| Aug 2026 | $1,504 |
| Sep 2026 | $1,862 |
Average Rent By Bedroom and Home Type
In October 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $1,495 | $2,280 | $2,750 | $2,849 | $1,528 |
| Townhomes | — | $3,850 | $2,750 | — | $2,750 |
| Apartments and Condos | $1,395 | $2,265 | $2,395 | — | $1,495 |
| Houses | — | $2,499 | $3,300 | $3,595 | $3,300 |
Frequently Asked Questions about Rentals in 97232
- What is the average rent of an apartment in 97232?The average rent of an apartment in 97232 is $1,508 per month. This is about 23% lower than the national average.
- What are the cheapest months to find an apartment to rent in 97232?Last year, the cheapest month to find an apartment to rent was Jun 2025 when it was $1,495 per month.
- How many cheap apartments are available in 97232?There are 46 apartments to rent that are cheaper than the city’s average rent of $1,528.
- When is the average rent most expensive in 97232?In the last year, the average rent in 97232 was highest in Nov 2025 when it was $1,790 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in 97232?The average rent of a 1 bedroom apartment in 97232 is $1,495 per month. That is about $152 more than the cost of a studio apartment.
- What are some cities near 97232?Some nearby cities include: Portland, Raleigh Hills, West Slope, Garden Home-Whitford, Milwaukie, Metzger. These cities may have more rental options to explore.
View this page in Spanish: Apartamentos baratos en renta en 97232 - 402 Rentas | Trulia