The 10 Cheapest Portland, OR Neighborhoods To Live In For 2022


We used science and data to determine which neighborhoods in Portland are the cheapest of the cheap.

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Everything else equal, I think we can all agree that living in a cheaper place is better than living in a more expensive place.

I'd much rather pay $500/mo in rent than $1,000. And I'd rather pay $2 for coffee than $5.

And while every neighbhorhood in Portland might be more expensive than living in rural Oregon, there are certain neighborhoods that are definitely cheaper.

So what exactly are those Portland neighborhoods where your dollar goes a little further -- you can get that one bedroom instead of the studio?

Instead of relying on public opinion and speculation, we wanted to get the facts straight and find out which neighborhoods in Portland are the cheapest.

What's the cheapest neighborhood to live in Portland for 2022? According to the most recent census data, Pleasant Valley looks to be the cheaptest Portland neighborhood to live in.

At this point we should make it clear that you do get what you pay for -- some of these neighborhoods might not be the best places to live in Portland. You could be sacrificing location or crime rates in return for more space and cheaper groceries.

Read on to see how we determined the places around Portland that deserve a little bragging rights or maybe you're interested in the worst neighborhoods in Portland.

Once you're done, you can look at the bottom of the story for a complete chart of every neighborhood we looked at from cheapest to most expensive.

For more Oregon reading, check out:

The 10 Cheapest Neighborhoods To Live In Portland For 2022

Overall SnackAbility

8
/10

Population: 12,876
Cost Of Living Index: 114 (10th cheapest)
Home Value To Income Ratio: 3.8 (5th cheapest)
Rent To Income Ratio: 0.01 (6th cheapest)
More on Pleasant Valley: Homes For Sale | Data

Overall SnackAbility

6
/10

Population: 565
Cost Of Living Index: 105 (2nd cheapest)
Home Value To Income Ratio: 2.5 (cheapest)
Rent To Income Ratio: 0.015 (2cheapest)
More on Haden Island: Homes For Sale | Data

Overall SnackAbility

7
/10

Population: 8,877
Cost Of Living Index: 119 (18th cheapest)
Home Value To Income Ratio: 3.7 (3rd cheapest)
Rent To Income Ratio: 0.014 (17th cheapest)
More on Argay: Homes For Sale | Data

Overall SnackAbility

8
/10

Population: 6,452
Cost Of Living Index: 118 (16th cheapest)
Home Value To Income Ratio: 4.3 (10th cheapest)
Rent To Income Ratio: 0.014 (18th cheapest)
More on Madison South: Homes For Sale | Data

Overall SnackAbility

7
/10

Population: 7,933
Cost Of Living Index: 115 (12th cheapest)
Home Value To Income Ratio: 3.8 (4th cheapest)
Rent To Income Ratio: 0.017 (33rd cheapest)
More on Saintjohns: Homes For Sale | Data

Overall SnackAbility

8.5
/10

Population: 13,190
Cost Of Living Index: 113 (6th cheapest)
Home Value To Income Ratio: 3.7 (2nd cheapest)
Rent To Income Ratio: 0.021 (48th cheapest)
More on Brentwood-Darlington: Homes For Sale | Data

Overall SnackAbility

6
/10

Population: 20,932
Cost Of Living Index: 107 (3rd cheapest)
Home Value To Income Ratio: 4.0 (6th cheapest)
Rent To Income Ratio: 0.021 (49th cheapest)
More on Centennial: Homes For Sale | Data

Overall SnackAbility

9
/10

Population: 9,124
Cost Of Living Index: 129 (36th cheapest)
Home Value To Income Ratio: 4.3 (11th cheapest)
Rent To Income Ratio: 0.013 (12th cheapest)
More on Woodstock: Homes For Sale | Data

Overall SnackAbility

9
/10

Population: 17,712
Cost Of Living Index: 129 (36th cheapest)
Home Value To Income Ratio: 4.6 (18th cheapest)
Rent To Income Ratio: 0.012 (9th cheapest)
More on Maplewood-Ashcreek: Homes For Sale | Data

Overall SnackAbility

7
/10

Population: 12,252
Cost Of Living Index: 115 (12th cheapest)
Home Value To Income Ratio: 4.2 (9th cheapest)
Rent To Income Ratio: 0.02 (45th cheapest)
More on Parkrose: Homes For Sale | Data

Methodology: How We Determined The Cheapest Portland Hoods In 2022

In order to rank the cheapest places to live in Portland, we had to determine what criteria defines "cheap".

Using census and extrapolated BLS data, we arrived at the following set of criteria:

  • Overall Cost Of Living
  • Rent To Income Ratio
  • Median Home Value To Income Ratio

We then ranked each neighborhood with scores from 1 to 63 in each category, where 1 was the cheapest.

Next, we averaged the rankings for each neighborhood to create a cheap neighborhood index.

And finally, we crowned the neighborhood with the lowest cheapest neighborhood index the "Cheapest City Neighborhood In Portland." We're lookin' at you, Pleasant Valley.

Read on below to learn more about what it's like to live in the cheapest places Portland. Or skip to the end to see the list of all the neighborhoods in the city from cheapest to most expensive.

Summary: Lowest Cost Places To Live In Portland

If you're measuring the neighborhoods in Portland where prices are low and it's cheap to live, this is an accurate list.

As we mentioned earlier, the neighborhoods in Portland aren't all cheap. Eliot takes the title of the most expensive neighborhood to live in Portland.

We ranked the neighborhoods from cheapest to most expensive in the chart below.

For more Oregon reading, check out:

Detailed List Of The Cheapest Neighborhoods To Live In Portland For 2022

Rank Neighborhood Cost Of Living Index
1 Pleasant Valley 114
2 Haden Island 105
3 Argay 119
4 Madison South 118
5 Saintjohns 115
6 Brentwood-Darlington 113
7 Centennial 107
8 Woodstock 129
9 Maplewood-Ashcreek 129
10 Parkrose 115
11 Wilkes 119
12 Bridgeton 116
13 Cathedral Park 117
14 Hayhurst 128
15 Old Town-Chinatown 103
16 Cully 126
17 Mount Scott 121
18 Lents 114
19 Ross Island 142
20 Eastmoreland 138
21 Bridlemile 148
22 Powellhurst 113
23 Arbor Lodge 129
24 Far Southwest 140
25 Roseway 132
26 Government Island 126
27 Linnton 149
28 Overlook 127
29 Woodlawn 125
30 Hazelwood 112
31 Southwest Hills 163
32 Foster Powell 120
33 Kenton 121
34 Concordia 135
35 Sunderland 111
36 Forest Park 163
37 Hillsdale 143
38 Center 138
39 University Park 129
40 Montavilla 119
41 Creston-Kenilworth 121
42 Mount Tabor 136
43 Corbett-Terwilliger-Lair Hill 138
44 Mill Park 114
45 Alameda 161
46 Kerns 123
47 Pearl District 126
48 King 139
49 Richmond 138
50 South Tabor 126
51 Portsmith 120
52 Brooklyn 131
53 Buckman 119
54 Downtown 114
55 Sellwood-Moreland 136
56 Homestead 154
57 Hosford 138
58 Irvington 146
59 Boise 133
60 Northwest 142
61 Lloyd 122
62 Reed 132
63 Eliot 135

Editor's Note: We updated this article for 2022. This is our third time ranking the cheapest neighborhoods to live in Portland.

About Chris Kolmar

Chris Kolmar has been in the real estate business for almost ten years now. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks.

He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move.

If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already.

You can find out more about him on LinkedIn or his website.