
Cheap Apartments for Rent in the Homestead Neighborhood of Portland, OR from $470 (65 Rentals)
Search the lowest-cost Apartments available for rent right now in the Homestead area of Portland.


Total Monthly Price
Koz on 4th

Total Monthly Price
The Fredrick

Park Avenue Apartments

Westfal Apartments

Total Monthly Price
Park Plaza

Medina

MARQUAM MANOR APARTMENTS (MCM03)

Waterleaf

Total Monthly Price
The Douglas
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Total Monthly Price
The Dylan

The Woods on Marquam Hill

1245 SW Grover St

The Matisse

linc301 Apartments

3717 S Corbett Ave

Total Monthly Price
Ella

Corbett Heights Apartments

Total Monthly Price
Sanctuary

3719 S Hood Ave, Unit B
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Lair Hill Apartments

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Cascade Vista

Osprey

Harrison Tower Apartment Homes

3601 S River Pky, Unit 1316

Griffis South Waterfront

linc245 Apartments

3701 SW Condor Ave, Unit K 1

3425 SW Barbur Blvd

Watergate Apartments
Portland’s Best Affordable Neighborhoods
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Harborview Apartments

Forrest View Apartments

3727 SW Hood

Curry Court Apartments

WaterLane Apartments

The Amy

Water Meade Apartments

#185-4130 SW View Point Terrace

772 SW Broadway Dr

Hill Terrace Apartments
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Park Avenue Gardens

650 SW Sherman St

Lair Hill Park Apartments

4314 SW Vw Pt Ter

Hilltop House Apartments

TreeHouse

The Emery Apartments

La Stella Apartments

The View Point

Hoodview Apartments
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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 | $1,364 | $470 | $2,316 |
| Homestead 1 Bedroom Apartments | $1,786 | $1,025 | $3,483 |
| Homestead 2 Bedroom Apartments | $2,530 | $1,264 | $6,155 |
| Homestead 3 Bedroom Apartments | $2,113 | $1,458 | $2,900 |
Browse Apartments in this Neighborhood
There are currently 65 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
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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 The Fredrick priced from $1,025. 3727 SW Hood has the second lowest priced unit, which is a Studio apartment currently listed from $1,025. Here are the most affordable Homestead apartments for rent in Portland, OR:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Fredrick | Barbur | Studio,1BA | $1,025 |
| 3727 SW Hood | 0BR/1.0BA | Studio,1BA | $1,025 |
| #185-4130 SW View Point Terrace | 1BR/1.0BA | 1BR,1BA | $1,195 |
| The Woods on Marquam Hill | Studio C | Studio,1BA | $1,195 |
| MARQUAM MANOR APARTMENTS (MCM03) | Studio (435sq ft '01s, '02s, '03s, '04s, '08s &... | Studio,1BA | $1,200 |
| Medina | 0x1 | Studio,1BA | $1,200 |
| Waterleaf | Studio | Studio,1BA | $1,246 |
| Koz on 4th | Ladder Loft | 1BR,1BA | $1,250 |
| The Douglas | Studio Irving | Studio,1BA | $1,275 |
| Corbett Heights Apartments | 0 x 1 - 528 SF | Studio,1BA | $1,300 |
Best Value Apartments for Rent in Homestead, OR
As of August 26, 2026 the best value apartment in the Homestead area is the $2.28 price per square foot 3601 sw river parkway Model at 3601 sw river parkway, Unit 1118 in the in the Southwest Portland neighborhood starting from $2,750. The second greatest value Homestead apartment is the Three Bedroom Model at Marquam Heights starting at $2,850 with a $2.39 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. |
|---|---|---|---|
| 3601 sw river parkway, Unit 1118 | 3601 sw river parkway | 1BR,1BA | $2.28 |
| Marquam Heights | Three Bedroom | 3BR,2BA | $2.39 |
| The Matisse | 22F1 | 2BR,2BA | $1.99 |
| Cascade Vista | Two Bedroom A | 2BR,1BA | $1.96 |
| Park Plaza | 1x1 | 1BR,1BA | $2.27 |
| #185-4130 SW View Point Terrace | 1BR/1.0BA | 1BR,1BA | $1.84 |
| linc301 Apartments | 1x1 620 sq. ft. Hawthorne | 1BR,1BA | $2.17 |
| Hilltop House Apartments | 1 bedroom 1 bath small | 1BR,1BA | $2.17 |
| Waterleaf | Studio | Studio ,1BA | $2.17 |
| The Fredrick | Barbur | Studio ,1BA | $2.31 |
The Portland Power Commute: Top Neighborhoods for Renters Near the City’s Major Job Hubs
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Read ArticleDon't Settle: How to Negotiate Your Apartment Lease and Save Money
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Read ArticleA Local Experts Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Portland
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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 The Fredrick listed at $1,025.
How much is rent for a Cheap One Bedroom Homestead Apartment?
The lowest price for a Cheap One Bedroom Homestead Apartment is $1,195 at #185-4130 SW View Point Terrace.
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 $1,395 at #185-4130 SW View Point Terrace.
What is the most affordable Homestead Three Bedroom Apartment?
The best deal on a cheap Homestead Three Bedroom Apartment rental is at Waterleaf and starts from $1,798.
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

From Arts to Eats: A Local Insider's 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.

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.

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.

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.
Articles, How-To's, and Tips

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Written by: Robin Stewart
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Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.