
Cheap Apartments for Rent in the Homestead Neighborhood of Portland, OR from $800 (52 Rentals)
Search the lowest-cost Apartments available for rent right now in the Homestead area of Portland.


Park Avenue Apartments

Acqua Apartments - Student Affordable

The Fredrick

Westfal Apartments

Medina

Gray's Landing

Cascade Vista

The Woods on Marquam Hill

The Matisse
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.

3525 SW 10th Ave

Total Monthly Price
The Dylan

1111 S Gaines St

Total Monthly Price
Ella

The Emery

linc301 Apartments

Total Monthly Price
Griffis South Waterfront

Total Monthly Price
The Douglas

Lair Hill

1001 SW Woods St
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.

Corbett Heights Apartments

Total Monthly Price
The Olivia

Osprey

linc245 Apartments

Harrison Tower Apartment Homes

5025 S Corbett Ave

3717 S Corbett Ave

Town and Country Apartments

2400 SW Hoffman Ave

The Amy
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.

Watergate Apartments

Koz on 4th

Hillcrest style

Forrest View Apartments

Curry Court Apartments

WaterLane Apartments

Water Meade Apartments

MARQUAM MANOR APARTMENTS (MCM03)

MacAdam Apartments

Harborview 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.

Hill Terrace Apartments

650 SW Sherman St

Lair Hill Park Apartments

La Stella Apartments

TreeHouse

Modern New Construction - Minutes from Downtown PDX & OHSU

Hilltop House Apartments

Boathouse

City's Edge

Hoodview Apartments
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.
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 | $1,285 | $999 | $1,700 |
| Homestead 1 Bedroom Apartments | $1,854 | $970 | $4,872 |
| Homestead 2 Bedroom Apartments | $2,771 | $1,264 | $7,005 |
| Homestead 3 Bedroom Apartments | $2,120 | $1,890 | $2,345 |
| Homestead 4 Bedroom Apartments | $3,334 | $3,334 | $3,334 |
Browse Apartments in this Neighborhood
There are currently 52 rentals with your search options within a 1 mile radius of the Homestead Neighborhood of Portland, OR.
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Homestead, Portland, OR Local Guide
- Nearby Portland neighborhoods
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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 $917. Park Avenue Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $999. Here are the most affordable Homestead apartments for rent in Portland, OR:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Koz on 4th | Studio | Studio,1BA | $917 |
| Park Avenue Apartments | Studio | Studio,1BA | $999 |
| Acqua Apartments - Student Affordable | Studio | Studio,1BA | $1,005 |
| The Fredrick | Barbur | Studio,1BA | $1,025 |
| Westfal Apartments | One Bedroom | 1BR,1BA | $1,095 |
| MARQUAM MANOR APARTMENTS (MCM03) | Studio ('01s,'02s,'03s,'04s,'08s,'09s) | Studio,1BA | $1,100 |
| Gray's Landing | 1BR/1BA | 1BR,1BA | $1,102 |
| Park Plaza | Studio | Studio,1BA | $1,113 |
| Cascade Vista | Studio A | Studio,1BA | $1,150 |
| Harborview Apartments | 1BR/1.0BA | 1BR,1BA | $1,175 |
Best Value Apartments for Rent in Homestead, OR
As of February 26, 2026 the best value apartment in the Homestead area is the $2.25 price per square foot Two Bedroom Model at Marquam Heights in the in the Southwest Portland neighborhood starting from $2,250. The second greatest value Homestead apartment is the 1x1 Model at Lair Hill starting at $1,395 with a $1.70 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Marquam Heights | Two Bedroom | 2BR,2BA | $2.25 |
| Lair Hill | 1x1 | 1BR,1BA | $1.70 |
| Hoodview Apartments | 2BR/1.0BA | 2BR,1BA | $1.87 |
| The Matisse | 11F1 | 1BR,1BA | $2.01 |
| Hilltop House Apartments | 1 bedroom 1 bath large | 1BR,1BA | $1.96 |
| Modern New Construction - Minutes from Downtown PDX & OHSU | 1BR/1.0BA | 1BR,1BA | $2.06 |
| Gray's Landing | Studio | Studio ,1BA | $1.77 |
| linc301 Apartments | 1x1 620 sq. ft. Hawthorne | 1BR,1BA | $2.10 |
| Westfal Apartments | One Bedroom | 1BR,1BA | $1.83 |
| Acqua Apartments - Student Affordable | Studio | Studio ,1BA | $2.31 |
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
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.
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.
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 the Cheapest Studio apartment in Homestead?
Currently the most affordable Cheap Studio Apartment in Homestead is at Koz on 4th listed at $917.
How much is rent for a Cheap One Bedroom Homestead Apartment?
The lowest price for a Cheap One Bedroom Homestead Apartment is $1,050 at Koz on 4th.
What is the lowest price for a Cheap Two Bedroom Homestead Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Homestead is starting from $1,264 at Acqua Apartments - Student Affordable.
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

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.