Cheap Apartments for Rent in the Homestead Neighborhood of Portland, OR from $800 (59 Rentals)

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

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Hillcrest style
Studio to 2 Bedroom Apartments

Hillcrest style

3518 SW 11th AvePortland, OR 97239
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WaterLane Apartments
1 to 2 Bedroom Apartments

WaterLane Apartments

3807-3811 SW Water AvePortland, OR 97239
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Water Meade Apartments
Studio to 2 Bedroom Apartments

Water Meade Apartments

103 S Meade StPortland, OR 97201
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MacAdam Apartments
Studio to 2 Bedroom Apartments

MacAdam Apartments

5885 SW Macadam AvePortland, OR 97239

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Homestead, Portland, OR Local Guide

Cheapest Available Homestead Apartments for Rent

 

The cheapest available apartment rental in the Homestead area of Portland, OR is a Studio unit found at Koz on 4th priced from $921. Acqua Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $924. Here are the most affordable Homestead apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Koz on 4thStudioStudio,1BA$921
Acqua ApartmentsStudioStudio,1BA$924
Modern New Construction 0BR/1.0BAStudio,1BA$925
Hillcrest styleStudioStudio,1BA$925
The AmyBurnsideStudio,1BA$995
Park Plaza1x11BR,1BA$999
Westfal ApartmentsOne Bedroom1BR,1BA$1,095
Harborview Apartments1BR/1.0BA1BR,1BA$1,145
Park Avenue ApartmentsStudioStudio,1BA$1,199
Greenbriar VillageSmall One Bed1BR,1BA$1,203

Best Value Apartments for Rent in Homestead, OR

As of September 18, 2025 the best value apartment in the Homestead area is the $1.84 price per square foot One Bedroom Model at Marquam Heights in the in the Southwest Portland neighborhood starting from $1,735. The second greatest value Homestead apartment is the 2x1 Model at Town and Country Apartments starting at $1,600 with a $1.78 price per square foot in the Southwest Portland neighborhood. Here is today’s list of the best values for Homestead apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Marquam HeightsOne Bedroom1BR,1BA$1.84
Town and Country Apartments2x12BR,1BA$1.78
The Douglas2x1 Davis2BR,1BA$2.13
Downtown Living Starts At Lair Hill1x11BR,1BA$1.82
Hilltop House Apartments1 bedroom 1 bath large1BR,1BA$1.96
The Matisse01F1Studio ,1BA$2.13
Westfal ApartmentsOne Bedroom1BR,1BA$1.83
Harborview Apartments1BR/1.0BA1BR,1BA$1.91
WaterleafStudio-60%Studio ,1BA$2.13
Acqua ApartmentsStudioStudio ,1BA$2.12

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Pet Friendly Lifestyle
Homestead, Portland, OR

Ranked #43

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving brings you Lifestyle Ratings of rentals and neighborhoods across the USA, including Portland. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including rankings of the best places for easy access to the parks, luxury amenities, pet-friendly features, family-friendliness, proximity to transit, and other valuable search options. Find Lifestyle Search in the filter options (above). Happy Searching!

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 $1,203.

What is the price of a cheap apartment in Homestead?

The cheapest apartment in Homestead is Park Plaza which is listed at $999, while the average apartment in Homestead costs $10,639.

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 8 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 $221 which is $10,418 cheaper than the average rent for all rentals in Homestead.

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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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.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

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