Monthly rent

$1,250

Beds

Baths

Sqft

563

Monthly rent	$1,250
Beds	1
Baths	1
Sqft	563

1 Day Ago

Highlights

Pet Friendly

Location

4515 N Montana Ave, Portland, OR 97217, USA|Overlook

Tour 4515 N Montana Ave

Contact

Breakwater Northwest

(971) 232-4513 ext. 2

About 4515 N Montana Ave

Live one block off Mississippi Ave—Portland’s most vibrant, walkable neighborhood—while enjoying the quiet comfort of a residential street with no upstairs neighbors. This updated 1‑bedroom home is ideal for remote workers, cyclists, and anyone who wants the best of North Portland at their doorstep. Highlights: -Updated interior with modern finishes -Private, top‑floor feel with no one above you -One block to Mississippi Ave cafés, restaurants, breweries, and shops -Easy access to Overlook Park, MAX Yellow Line, and multiple bus routes -Bright, efficient layout with great natural light -Pet‑friendly community Why You’ll Love It: This unit blends the energy of Mississippi Ave with the calm of a tucked‑away residential street. Perfect for someone who wants convenience, character, and a clean, updated space to call home. Rent: $1,250 Move‑In Bonus: $500 first month rent Available Now - Lease Terms: 12 Month Lease - Application Fee Through Breakwater Website: $55/person over 18 years old - Renter's insurance required with $100K Liability Coverage - Tenants responsible for electricity, gas, Utility Bill Back of $75 for Water/Sewer/Garbage utilities - Pets: $50/month pet rent; no pet deposit To Move in: First months rent and deposit due at signing, within 24 hours of approval. Applicants with incomplete applications will not be considered. Applicants are considered in order received. An application is deemed complete when all adult applicants over the age of 18 have: 1) completed an application, 2) paid the application fee; 3) submitted three month's of paystubs, if required; 4) submitted pictures of photo ID; and 5) submitted pictures of any pets, if applicable. You are entitled to submit supplemental documents for us to consider that may mitigate any negative criteria in your application. This dwelling unit does not qualify as a 'Type A Unit' (accessible unit) per Oregon structural building code and ICC A117.1. Please review the Portland Statement of Applicant Rights and Right to Request a Modification or Accommodation, linked to this listing. You have a right to elect to disclose if you are mobility disabled, per Portland City Code. For individuals applying through Zillow, you may, but are not required, to make this disclosure in the notes section of your application.

Neighborhood

Overlook

Zip code

97217

Type

Apartment for rent

Rent trends in Overlook

1-bedroom apartments at 4515 N Montana Ave cost about 10% less than the average rent price for 1-bedroom apartments in Overlook.

Median rents as of Feb 21 2026.

Overlook

Portland

A table of 1-bedroom apartment rental data trends in Portland
Month	Median Rent
March 2024	$1,432
April 2024	$1,448
May 2024	$1,466
June 2024	$1,477
July 2024	$1,488
August 2024	$1,495
September 2024	$1,496
October 2024	$1,495
November 2024	$1,459
December 2024	$1,472
January 2025	$1,443
February 2025	$1,425
March 2025	$1,415
April 2025	$1,400
May 2025	$1,401
June 2025	$1,422
July 2025	$1,404
August 2025	$1,420
September 2025	$1,406
October 2025	$1,399
November 2025	$1,399
December 2025	$1,395
January 2026	$1,392
February 2026	$1,395

A table of 1-bedroom apartment rental data trends in Overlook
Month	Median Rent
March 2024	$1,396
April 2024	$1,385
May 2024	$1,393
June 2024	$1,418
July 2024	$1,428
August 2024	$1,425
September 2024	$1,427
October 2024	$1,432
November 2024	$1,397
December 2024	$1,398
January 2025	$1,418
February 2025	$1,397
March 2025	$1,415
April 2025	$1,395
May 2025	$1,334
June 2025	$1,305
July 2025	$1,335
August 2025	$1,433
September 2025	$1,366
October 2025	$1,402
November 2025	$1,422
December 2025	$1,392
January 2026	$1,370
February 2026	$1,391

Affordability calculator

Can I afford to live at 4515 N Montana Ave?

Bedrooms

1 bedroom

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.

The general rule of thumb is to spend around 30% or less of your income on rent.

Recommended income

$50,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $50,000 annually to afford this 1-bedroom monthly rent price of $1,250.

For more information on rent affordability, visit our rent calculator.

Schools near 4515 N Montana Ave

Getting around Portland near 4515 N Montana Ave

Walking

8/10

Grab your reusable bags–many shops and stores are within walking distance.

Driving

6/10

This area is close to freeways and has adequate parking options.

Cycling

8/10

Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.

Transit

7/10

Popular public transit options are just a short walk from this location.

Points of interest for 4515 N Montana Ave, Portland

Groceries

8/10

At least one supermarket within a 15-minute walk

Shopping

6/10

Several shops within a few minutes’ walk

Cafes

5/10

Some cafés within a few minutes’ walk

Restaurants

7/10

Variety of restaurants within a few minutes' walk

Primary schools

8/10

At least one elementary school within a 10-minute walk

High schools

5/10

At least one high school within a 20-minute walk

Parks

7/10

Large amount of park space nearby

Nightlife

7/10

Several bars within a few minutes’ walk

4515 N Montana Ave4515 N Montana Ave, Portland, OR 97217, USA

Highlights

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Amenities for 4515 N Montana Ave, Overlook

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Applicants

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REQUIRED FEES

Move-In Fees

Move-In Fees

Security Deposit

Pets

Pets

Dog Policy

Cat Policy

About 4515 N Montana Ave

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Schools near 4515 N Montana Ave

Beach Elementary School

Rose City Park

Winterhaven School

Washington State School for the Deaf

Functional Living Skills Program

Internet available near 4515 N Montana Ave

Getting around Portland near 4515 N Montana Ave

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Points of interest for 4515 N Montana Ave, Portland

Groceries

Shopping

Cafes

Restaurants

Primary schools

High schools

Parks

Nightlife

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Homes in Overlook

4515 N Montana Ave
4515 N Montana Ave, Portland, OR 97217, USA