Cheap Apartments for Rent in the Far Southwest Neighborhood of Portland, OR from $800 (44 Rentals)

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

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.

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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.

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1 to 2 Bedroom Apartments

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11102-11130 SW 62nd AvePortland, OR 97219

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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 1 Bed unit found at 2121 Multnomah priced from $1,149. Ridgeview Terrace has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,200. Here are the most affordable Far Southwest apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
2121 Multnomah1x1R1BR,1BA$1,149
Ridgeview Terrace1x11BR,1BA$1,200
Cedar Lane and Garden GlenGarden Glen II 2x1 776 sq. ft.2BR,1BA$1,210
Greenburg OaksTWO BEDROOM2BR,1BA$1,240
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
Silver Creek Apartments1x11BR,1BA$1,295

Best Value Apartments for Rent in Far Southwest, OR

As of January 26, 2026 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 THREE BEDROOM Model at Greenburg Oaks starting at $1,558 with a $1.35 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
Greenburg OaksTHREE BEDROOM3BR,1BA$1.35
Spring Terrace Apartments2BR 2 Bath2BR,2BA$1.39
Grace Manor Apartments3bd1bth3BR,1BA$1.80
Capitol Gardens2 Bed. Townhome2BR,1.5BA$1.60
The York2x1L2BR,1BA$1.61
Tigardville ApartmentsTwo Bed One Bath2BR,1BA$1.68
Autumn Oaks Apartments2 Bed 1 Bath2BR,1BA$1.75
Cedar Lane and Garden GlenGarden Glen II 2x1 776 sq. ft.2BR,1BA$1.56
Silver Creek Apartments1x11BR,1BA$1.73

The 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!

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Don'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.

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The 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.

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Cash 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.

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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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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.

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Pet Friendly Lifestyle
Far Southwest, Portland, OR

Ranked #47

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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 $1,295.

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

The cheapest apartment in Far Southwest is 2121 Multnomah which is listed at $1,149, while the average apartment in Far Southwest costs $5,193.

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 17 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 $265 which is $4,928 cheaper than the average rent for all rentals in Far Southwest.

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

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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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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.

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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.

Articles, How-To's, and Tips

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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.

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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.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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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.