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LOM2437 offers strong value with an 8.4 Zumper Expert Rating, excellent price and location scores, and a solid amenities rating. Its open layout, large windows, closet space, built-in dishwasher, and breakfast nook add everyday appeal, while the central location and nearby schools enhance convenience.
Things you’ll love
High school nearbyElementary school nearbyMiddle school nearby| 2BR/1.0BA | 2 bed | 1 bath | 867 sqft | $1,650 /mo | 1 unit available | Welcome to this comfortable and conveniently located 2-bedroom, 1-bathroom apartment offering 867 square feet of functional living space in the heart of Portland. Ideally situated near 42nd Street and surrounded by popular restaurants, local dining spots, coffee shops, and everyday conveniences, this apartment offers an excellent opportunity to enjoy vibrant city living with easy access to nearby attractions and neighborhood amenities. Recently updated with brand new laminate flooring throughout the main living areas and new carpet in both bedrooms, this home offers a fresh, clean, and inviting feel from the moment you walk in. Step inside to an open central living area that seamlessly combines the kitchen and living room into one bright and welcoming space. Large windows allow abundant natural light to flow throughout the apartment, creating an open and airy atmosphere. A decorative wood slatted accent wall adds warmth, texture, and character to the living space, giving the home a stylish and modern touch. The spacious kitchen features an extended layout with generous countertop space, extensive cabinetry, and plenty of storage throughout, making it ideal for cooking, meal prep, and staying organized. The kitchen includes a built-in dishwasher, single basin stainless steel sink positioned beneath a bright window, electric stovetop and oven, and a full-size refrigerator. Just beyond the kitchen is additional space perfect for a dining table, breakfast nook, or bar-top seating area for casual meals and entertaining. Down the hallway, the primary bedroom offers a comfortable layout with double closets featuring folding doors and a large window that brings in beautiful natural light. The second bedroom is slightly smaller but still provides a bright window, closet space, and comfortable new carpeted flooring. Centrally located between the bedrooms is the full bathroom featuring a single vanity and a tub/shower combination. With its bright and functional layout, fresh interior updates, generous kitchen storage, and unbeatable location near restaurants, shops, and neighborhood conveniences, this apartment offers comfortable and convenient urban living in the heart of Portland. **Open Application Period (5/28/26)** Call or Text Our Leasing Agent to schedule a showing! English Speaking 503-799-4802 Spanish Speaking 503-724-4105 YouTube Link: https youtu be RypLCbYEdkU Visit our website to apply and view other homes we have available! www portlandrentalhomes com Do you need property management services? Maximize your income and cut your costs! www portlandrentalhomes com |
Let's explore this property.
One-time.
One-time. Refundable.
| Units | 3 |
|---|
Welcome to this comfortable and conveniently located 2-bedroom, 1-bathroom apartment offering 867 square feet of functional living space in the heart of Portland. Ideally situated near 42nd Street and surrounded by popular restaurants, local dining spots, coffee shops, and everyday conveniences, this apartment offers an excellent opportunity to enjoy vibrant city living with easy access to nearby attractions and neighborhood amenities. Recently updated with brand new laminate flooring throughout the main living areas and new carpet in both bedrooms, this home offers a fresh, clean, and inviting feel from the moment you walk in. Step inside to an open central living area that seamlessly combines the kitchen and living room into one bright and welcoming space. Large windows allow abundant natural light to flow throughout the apartment, creating an open and airy atmosphere. A decorative wood slatted accent wall adds warmth, texture, and character to the living space, giving the home a stylish and modern touch. The spacious kitchen features an extended layout with generous countertop space, extensive cabinetry, and plenty of storage throughout, making it ideal for cooking, meal prep, and staying organized. The kitchen includes a built-in dishwasher, single basin stainless steel sink positioned beneath a bright window, electric stovetop and oven, and a full-size refrigerator. Just beyond the kitchen is additional space perfect for a dining table, breakfast nook, or bar-top seating area for casual meals and entertaining. Down the hallway, the primary bedroom offers a comfortable layout with double closets featuring folding doors and a large window that brings in beautiful natural light. The second bedroom is slightly smaller but still provides a bright window, closet space, and comfortable new carpeted flooring. Centrally located between the bedrooms is the full bathroom featuring a single vanity and a tub/shower combination. With its bright and functional layout, fresh interior updates, generous kitchen storage, and unbeatable location near restaurants, shops, and neighborhood conveniences, this apartment offers comfortable and convenient urban living in the heart of Portland. **Open Application Period (5/28/26)** Call or Text Our Leasing Agent to schedule a showing! English Speaking 503-799-4802 Spanish Speaking 503-724-4105 YouTube Link: https youtu be RypLCbYEdkU Visit our website to apply and view other homes we have available! www portlandrentalhomes com Do you need property management services? Maximize your income and cut your costs! www portlandrentalhomes com
How LOM2437 compares to other nearby properties.
Positives
2-bedroom apartments at LOM2437 cost about 17% less than the average rent price for 2-bedroom apartments in Concordia.
| Month | Median Rent |
|---|---|
| June 2024 | $1,230 |
| July 2024 | $1,228 |
| August 2024 | $1,223 |
| September 2024 | $1,233 |
| October 2024 | $1,219 |
| November 2024 | $1,202 |
| December 2024 | $1,199 |
| January 2025 | $1,193 |
| February 2025 | $1,193 |
| March 2025 | $1,180 |
| April 2025 | $1,178 |
| May 2025 | $1,178 |
| June 2025 | $1,175 |
| July 2025 | $1,174 |
| August 2025 | $1,196 |
| September 2025 | $1,185 |
| October 2025 | $1,150 |
| November 2025 | $1,173 |
| December 2025 | $1,163 |
| January 2026 | $1,147 |
| February 2026 | $1,152 |
| March 2026 | $1,195 |
| April 2026 | $1,185 |
| May 2026 | $1,187 |
| June 2026 | $1,175 |
| Month | Median Rent |
|---|---|
| June 2024 | $1,129 |
Can I afford to live at 5101 Ne 42nd Ave?
Bedrooms
2 bedroomsRent-to-income ratio
30%
$66,000/yr
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Rockwood • 10 Ne 162nd Ave
1–2 Beds
$1,175–$1,325
Gresham-North Central • 20711 Se Stark St
1–3 Beds
$1,385–$2,195
Homestead • 1311 Sw Gibbs St
1–2 Beds
$1,425–$1,995
Cedar Hills - Cedar Mill North • 14245 Sw Walker Rd
2 Beds
$1,250
Cedar Hills - Cedar Mill • 13409 Nw Sherry St
1–2 Beds
$1,495–$1,900
Rockwood • 10 Ne 162nd Ave
1–2 Beds
$1,175–$1,325
Gresham-North Central • 20711 Se Stark St
1–3 Beds
$1,385–$2,195
Homestead • 1311 Sw Gibbs St
1–2 Beds
$1,425–$1,995
Cedar Hills - Cedar Mill North • 14245 Sw Walker Rd
2 Beds
$1,250
Cedar Hills - Cedar Mill • 13409 Nw Sherry St
1–2 Beds
$1,495–$1,900
