
Cheap Apartments for Rent in the Forest Highlands Neighborhood of Portland, OR from $1,100 (30 Rentals)
Search the lowest-cost Apartments available for rent right now in the Forest Highlands area of Portland.


Steeple Townhomes

Terwilliger Terrrace

The Morgan

tenin01

Nehalem 13

1626 Southeast Lexington Street, Unit Unit 3
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.

1215 SE Lexington St, Unit Sellwood Library House

Sellwood 13

Waverly Landing Apartments (por)

The Sellwood

SW Barbur Blvd

Magnolia Park

The Spokane
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1323-1327 SE Lambert St

1116-1136 SE Umatilla St

Waverly Yacht Club Condos

1325 SE Nehalem St

7516-7524 SE Milwaukie Ave

1645 SE Linn St

Wheelhouse Lofts 2
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Wheel House Lofts

Eastbank Quarters

Fulton Park Apartments

Waverly Surf

Moreland Terrace

Lambert Lofts

Glen Alden Apartments
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Birnam Oaks at Waverley Greens

Dunbar Woods Apartments
Forest Highlands, Portland, OR Local Guide

How much does it cost to rent an apartment in Forest Highlands?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Forest Highlands Studio Apartments | $1,332 | $1,246 | $1,500 |
| Forest Highlands 1 Bedroom Apartments | $1,645 | $1,350 | $2,195 |
| Forest Highlands 2 Bedroom Apartments | $1,822 | $1,695 | $1,950 |
| Forest Highlands 3 Bedroom Apartments | $3,995 | $3,995 | $3,995 |
Browse Apartments in this Neighborhood
There are currently 30 rentals with your search options within a 2 mile radius of the Forest Highlands Neighborhood of Portland, OR.
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Forest Highlands, Portland, OR Local Guide
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Cheapest Available Forest Highlands Apartments for Rent
 The cheapest available apartment rental in the Forest Highlands area of Portland, OR is a Studio unit found at The Morgan priced from $1,246. Nehalem 13 has the second lowest priced unit, which is a Studio apartment currently listed from $1,250. Here are the most affordable Forest Highlands apartments for rent in Portland, OR:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Morgan | The Morgan PDX Studio | Studio,1BA | $1,246 |
| Nehalem 13 | Studio | Studio,1BA | $1,250 |
| Holm at Sellwood | 1x1A_L | 1BR,1BA | $1,499 |
| Troy Street Condominiums | 2bd/1bth | 2BR,1BA | $1,500 |
| Steeple Townhomes | 1x1 | 1BR,1BA | $2,095 |
| 1012 SE Lambert St | 3 Bedroom | 3BR,2BA | $3,995 |
Best Value Apartments for Rent in Forest Highlands, OR
As of February 06, 2026 the best value apartment in the Forest Highlands area is the $2.66 price per square foot 3 Bedroom Model at 1012 SE Lambert St in the in the Southeast Portland neighborhood starting from $3,995. The second greatest value Forest Highlands apartment is the 1x1 Model at Steeple Townhomes starting at $2,095 with a $2.45 price per square foot in the Southeast Portland neighborhood. Here is today’s list of the best values for Forest Highlands apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1012 SE Lambert St | 3 Bedroom | 3BR,2BA | $2.66 |
| Steeple Townhomes | 1x1 | 1BR,1BA | $2.45 |
| 1626 Southeast Lexington Street, Unit 3 | 1626 Southeast Lexington Street | 2BR,1BA | $2.40 |
| Troy Street Condominiums | 2bd/1bth | 2BR,1BA | $1.94 |
| Holm at Sellwood | 1x1A | 1BR,1BA | $2.97 |
| The Morgan | The Morgan PDX Studio | Studio ,1BA | $2.83 |
| Nehalem 13 | Studio | Studio ,1BA | $3.32 |
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!
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
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Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
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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 Forest Highlands, Portland, OR
Capitol Hill Elementary School
School data provided by Great Schools
Frequently Asked Questions about Cheap Forest Highlands Apartments
How much is rent for a Cheap One Bedroom Forest Highlands Apartment?
The lowest price for a Cheap One Bedroom Forest Highlands Apartment is $1,450 at Nehalem 13.
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.
Articles, How-To's, and Tips

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.

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.