
Cheap 1 Bedroom Apartments for Rent in the Homestead Neighborhood of Portland, OR from $1,056 (51 Rentals)


The Vera

Acqua Apartments - Student Affordable

Gray's Landing

Total Monthly Price
Park Plaza

Waterleaf

The Fredrick

Koz on 4th

Cascade Vista

1111 S Gaines St
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.

1001 SW Woods St, Unit 2

linc301 Apartments

3507 SW 11th Ave, Unit 3

The Emery Apartments

Total Monthly Price
Sanctuary

Medina

The Woods on Marquam Hill

Total Monthly Price
The Olivia

Osprey

Total Monthly Price
Ella
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.

Harrison Tower Apartment Homes

The Matisse

Total Monthly Price
The Dylan

Total Monthly Price
The Douglas

linc245 Apartments

Lair Hill

Corbett Heights

3515 SW Barbur Blvd, Unit O-2, Unit O-2

Griffis South Waterfront

Total Monthly Price
Willamette Tower
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.

Forrest View Apartments

WaterLane Apartments

Watergate Apartments

Hill Terrace Apartments

Water Meade Apartments

650 SW Sherman St

Lair Hill Park Apartments

TreeHouse

Park Avenue Gardens

3727 SW Hood
From Arts to Eats: A Local Insider's Guide to Living in Portland's Best Spots
Discover the true heart of Portland, Oregon, with this local expert's guide. Explore the city's unique history, from the coin toss that named it to its "Keep Portland Weird" culture, and get an insider look at its most notable neighborhoods and internationally recognized food scene.

MacAdam Apartments

2333 SW 6th Ave

908 S Gaines St

4210-4230 SW View Point Ter

Hillcrest style

Hilltop House Apartments

5885 S Macadam Ave

The Allison

3030 SW 4th Ave

View Point Terrace Apartments
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.
Homestead, Portland, OR Local Guide

How much does it cost to rent an apartment in Homestead?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Homestead Studio Apartments | $1,244 | $470 | $2,175 |
Homestead 1 Bedroom Apartments | $1,732 | $1,056 | $3,220 |
| Homestead 2 Bedroom Apartments | $2,663 | $1,264 | $7,045 |
| Homestead 3 Bedroom Apartments | $1,911 | $1,458 | $3,183 |
Explore Portland
Frequently Asked Questions about Cheap Homestead Apartments
What is a cheap apartment in Homestead?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Homestead is under $1,100.
What is the price of a cheap apartment in Homestead?
The cheapest apartment in Homestead is Westfal Apartments which is listed at $1,025, while the average apartment in Homestead costs $7,637.
What types of apartments are the cheapest in Homestead?
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 68 regular apartments in Homestead 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 Homestead?
Cheap apartments in Homestead have an average cost of $502 which is $7,135 cheaper than the average rent for all rentals in Homestead.
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.