Well I live in SE close to Belmont Hawthorne area an I LOVE IT! Great area, you can walk to so much cool stuff. But If I was going to live any other neighborhood it would be NE, like by Alberta or Mississippi. Love that area as well. Again everything is walking distance and great. Cheapest would most likely be North Portland. Stay on the east side, downtown area is over rated. On the east side, any thing over 60th is too far out of the city. I hope that helps, good luck, you’re going to love Portland.