
Cheap Homes for Rent in Crestwood Neighborhood of Portland, OR from $800 (16 Rentals)
Search the lowest-cost Homes available for rent right now in the Crestwood area of Portland.


6491 SW Capitol Hwy

2626 SW Beaverton Hillsdale Hwy

12345 SW Hall Blvd

11102-11130 SW 62nd Ave, Unit 11106
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

8417 SW 24th Ave, Unit 315

11240 SW Barbur Blvd, Unit 27

8417 SW 24th Ave, Unit 207

11240 SW Barbur Blvd, Unit 23

3200-3236 SW Marigold St, Unit 3210
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

8332 SW 21st Ave

1926 SW Hume Ct

10634 SW 49th Ave

3334 SW Luradel St

7238 SW Garden Home Rd
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

7582 SW Hunziker Rd
Crestwood, Portland, OR Local Guide

How much does it cost to rent a home in Crestwood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Crestwood 2 Bedroom Homes for Rent | $2,318 | $1,495 | $3,650 |
| Crestwood 3 Bedroom Homes for Rent | $2,752 | $2,000 | $3,800 |
| Crestwood 4 Bedroom Homes for Rent | $3,398 | $3,000 | $3,695 |
| Crestwood 5 Bedroom Homes for Rent | $2,097 | $800 | $3,395 |
Browse Homes for Rent in this Neighborhood
There are currently 16 rentals with your search options within a 2 mile radius of the Crestwood Neighborhood of Portland, OR.
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Crestwood, Portland, OR Local Guide
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Cheapest Available Crestwood Apartments for Rent
 The cheapest available apartment rental in the Crestwood area of Portland, OR is a Studio unit found at 2222 Apartments priced from $1,095. Custer Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,095. Here are the most affordable Crestwood apartments for rent in Portland, OR:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 2222 Apartments | 0BR/1.0BA | Studio,1BA | $1,095 |
| Custer Apartments | 1BR/1.0BA | 1BR,1BA | $1,095 |
| Indian Hills Apartments | 1BR/1.0BA | 1BR,1BA | $1,125 |
| #305 ASHER PARK | One Bedroom, One Bath | 1BR,1BA | $1,145 |
| #306 WOODSIDE VISTA | 1x1 | 1BR,1BA | $1,160 |
Best Value Apartments for Rent in Crestwood, OR
As of April 12, 2026 the best value apartment in the Crestwood area is the $1.51 price per square foot 3bd1bth Model at Grace Manor Apartments in the in the Far Southwest Portland neighborhood starting from $1,550. The second greatest value Crestwood apartment is the 2 Bed 2 Bath Model at Shadow Hills starting at $1,655 with a $1.66 price per square foot in the Southwest Portland neighborhood. Here is today’s list of the best values for Crestwood apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Grace Manor Apartments | 3bd1bth | 3BR,1BA | $1.51 |
| Shadow Hills | 2 Bed 2 Bath | 2BR,2BA | $1.66 |
| The Fields | TWO BEDROOM | 2BR,1BA | $1.65 |
| Gatehouse Apartments | 2x2 | 2BR,2BA | $1.72 |
| Capitol Gardens | 2 Bed. Townhome | 2BR,1.5BA | $1.60 |
| Loganberry Commons | 2x2 | 2BR,2BA | $1.76 |
| Village at Washington Square | 2BDRM/1BATH | 2BR,1BA | $1.65 |
| 2121 Multnomah | 2x1R | 2BR,1BA | $1.74 |
| Capitol Park | 1 bed-1 bath | 1BR,1BA | $1.79 |
| Indian Hills Apartments | 1BR/1.0BA | 1BR,1BA | $1.67 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleThe Portland Power Commute: Top Neighborhoods for Renters Near the City’s Major Job Hubs
Balance work and life in Portland. Explore the neighborhoods for renting that offer great amenities and quick commutes to the city's top major employers. Find your Portland apartment today!
Read ArticleDon't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleA Local Experts Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Portland
A Local Experts guide to the Best Student Friendly Neighborhoods Near Colleges in the Portland area. Find your perfect Student apartment, condo, or rental home today
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Best Local Schools in Crestwood, Portland, OR
Lake Oswego Senior High School
School data provided by Great Schools
Frequently Asked Questions about Crestwood
What type of rentals are currently available in Crestwood?
There are currently 240 Apartments for Rent in Crestwood, OR with pricing that ranges from $1,100 to $5,135. There are also 47 Single Family Homes for rent, Condos, and Townhome rentals currently available in Crestwood ranging from $800 to $3,800.
What is the current price range for Rental Homes in Crestwood?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Crestwood ranges from $800 to $3,800 with an average monthly rent of $2,195.
How much are larger Three and Four Bedroom Rentals in Crestwood?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Crestwood range from $1,558 to $3,026, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,000 to $3,800. Four Bedroom Single-Family rentals are also available starting from $3,000 and Four Bedroom Apartments start at $2,070.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Helpful Local Expert Guides

A Portland Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent
Written by: Chad Deitchley
As your ApartmentHomeLiving.com Local Expert for Portland, Oregon, I’d like to briefly introduce myself. My name is Chad, and I come to the ApartmentHomeLiving.com team after living in Portland for decades.

Local Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Portland
Written by: Chad Deitchley
Hello! My name is Chad, and I joined the ApartmentHomeLiving.com team as a Local Expert after living in Portland, Oregon, for more than 20 years. I have a deep love for this charming and vibrant city.

The Portland Power Commute: Top Neighborhoods for Renters Near the City’s Major Job Hubs
Written by: Chad Deitchley
Let me introduce myself as your ApartmentHomeLiving Local Expert for Portland, Oregon. I’m Chad, and I can attest firsthand to the vibrant and funky nature of this one-of-a-kind city.

From Arts to Eats: A Local Insiders Guide to Living in Portland's Best Spots
Written by: Chad Deitchley
Hello! My name is Chad, and I am your ApartmentHomeLiving.com Local Expert for Portland, Oregon. After living in this one-of-a-kind city for more than 20 years, I have seen it change in many exciting ways.
Articles, How-To's, and Tips

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.