Cheap Apartments for Rent in the Far Southwest Neighborhood of Portland, OR from $800 (37 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Far Southwest area of Portland.

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Timber Terrace
2 Bedroom Apartments

Timber Terrace

8332 SW 21st StPortland, OR 97219
Corporate Housing

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Showing Results 1-37, Page 1 of 1

Far Southwest, Portland, OR Local Guide

Cheapest Available Far Southwest Apartments for Rent

 

The cheapest available apartment rental in the Far Southwest area of Portland, OR is a Studio unit found at 11380 SW Greenburg Rd priced from $995. Cedar Lane and Garden Glen has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,170. Here are the most affordable Far Southwest apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
11380 SW Greenburg RdStudioStudio,1BA$995
Cedar Lane and Garden GlenGarden Glen 1x1 592 sq. ft.1BR,1BA$1,170
Ridgeview Terrace1x11BR,1BA$1,250
Capitol Park1 bed-1 bath1BR,1BA$1,250
Red Rock Commons1 Bed 1 Bath1BR,1BA$1,260
Terrace GlenStudioStudio,1BA$1,265
ShenandoahOne Bedroom1BR,1BA$1,275
1 Bedroom in Multnomah Village1 Bedroom in Multnomah Village with 1 free month!1BR,1BA$1,295
Multnomah StationA1Studio,1BA$1,299
Indian Hills Apartments2 Beds 1 Bath2BR,1BA$1,300

Best Value Apartments for Rent in Far Southwest, OR

As of November 06, 2025 the best value apartment in the Far Southwest area is the $1.54 price per square foot 2 bed - 2 bath Model at Twin Oaks in the in the Ashcreek neighborhood starting from $1,850. The second greatest value Far Southwest apartment is the 3bd1bth Model at Grace Manor Apartments starting at $1,850 with a $1.80 price per square foot in the Far Southwest Portland neighborhood. Here is today’s list of the best values for Far Southwest apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Twin Oaks2 bed - 2 bath2BR,2BA$1.54
Grace Manor Apartments3bd1bth3BR,1BA$1.80
Capitol Park2 bed 2 bath2BR,2BA$1.85
Indian Hills Apartments2 Beds 1 Bath2BR,1BA$1.64
Capitol Gardens2 Bed. Townhome2BR,1.5BA$1.88
The York2x1L2BR,1BA$1.66
Tigardville ApartmentsTwo Bed One Bath2BR,1BA$1.68
Autumn Oaks Apartments2 Bed 1 Bath2BR,1BA$1.84
Timber Terrace2X12BR,1BA$1.80
Red Rock Commons1 Bed 1 Bath1BR,1BA$1.91

The Portland Power Commute: Top Neighborhoods for Renters Near the City’s Major Job Hubs

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Apartment Common Area Rules: What Renters Need to Know

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

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A 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

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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.

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Pet Friendly Lifestyle
Far Southwest, Portland, OR

Ranked #46

Among cities in Oregon for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Getting Around the Far Southwest Neighborhood in Portland, OR

Walk Score®

52 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

53 / 100

Bikeable

Some bike infrastructure

Transit Score®

40 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Far Southwest Apartments

What is a cheap apartment in Far Southwest?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Far Southwest is under $1,300.

What is the price of a cheap apartment in Far Southwest?

The cheapest apartment in Far Southwest is Cedar Lane and Garden Glen which is listed at $1,170, while the average apartment in Far Southwest costs $4,500.

What types of apartments are the cheapest in Far Southwest?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 12 regular apartments in Far Southwest that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Far Southwest?

Cheap apartments in Far Southwest have an average cost of $163 which is $4,337 cheaper than the average rent for all rentals in Far Southwest.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.