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$470 - $1,458Studio to 3 Bedroom Apartments Contact Us For Availability
The Vera
2045 SW River PkyPortland, OR 97201
Cheap Apartments for Rent in the Homestead Neighborhood of Portland, OR from $400 (65 Rentals)
Search the lowest-cost Apartments available for rent right now in the Homestead area of Portland.
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$480 - $1,733Studio to 3 Bedroom Apartments Available Now
Waterleaf
2065 S River PkyPortland, OR 97201
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$896 - $2,426
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$896 - $2,426
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Park Plaza
1969 SW Park AvePortland, OR 97201
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$949 - $1,425
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Studio to 1 Bedroom Apartments Available NowTotal Monthly Price
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$949 - $1,425
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$949 - $1,425
Koz on 4th
2211 SW 4th AvePortland, OR 97201
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$995 - $1,515
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$995 - $1,515
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$995 - $1,515
The Fredrick
3010-3106 SW 10th AvePortland, OR 97239
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$999 - $1,249Studio Apartments Available Now
Park Avenue Apartments
2059 SW Park AvePortland, OR 97201
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$1,0001 Bedroom Apartments Available Jun 2
3418-3418 S Kelly Ave
3418-3418 S Kelly AvePortland, OR 97239
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$1,018 - $1,290Studio to 2 Bedroom Apartments Available Now
Gray's Landing
0650 S Lowell StPortland, OR 97239
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$1,025 - $1,5951 to 2 Bedroom Apartments Available Now
Westfal Apartments
1880 SW 5th AvePortland, OR 97201
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Rent Specials
$1,190 - $3,145Studio to 2 Bedroom Apartments Available Now
The Matisse
677 S Lowell StPortland, OR 97239
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.
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$1,200 - $1,475Studio to 1 Bedroom Apartments Available Now
Medina
2926 SW 4th AvePortland, OR 97239
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$1,246 - $2,547
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$1,246 - $2,547
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Sanctuary
4940 S Landing DrPortland, OR 97239
3717 S Corbett Ave
PortlandOR97239
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$1,2751 Bedroom Apartments Available Now
3507 SW 11th Ave
3507 SW 11th AvePortland, OR 97239
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$1,2951 Bedroom Apartments Available Now
1001 SW Woods St
1001 SW Woods StPortland, OR 97239
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$1,295 - $3,653
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$1,295 - $3,653
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The Dylan
3883 S Moody AvePortland, OR 97239
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$1,300 - $2,145Studio to 2 Bedroom Apartments Available Now
The Woods on Marquam Hill
1311 SW Gibbs StPortland, OR 97239
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$1,305 - $2,0291 to 2 Bedroom Apartments Available Now
linc301 Apartments
301 SW Lincoln StPortland, OR 97201
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$1,349Studio Apartments Available Now
3535 S Corbett Ave
3535 S Corbett AvePortland, OR 97239
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$1,350 - $2,999
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Studio to 4 Bedroom Apartments Available NowTotal Monthly Price
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$1,350 - $2,999
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The Douglas
1811 SW River DrPortland, OR 97201
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.
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$1,350 - $1,699Studio to 1 Bedroom Apartments Available Now
Corbett Heights Apartments
SW Corbett AvePortland, OR 97239
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$1,373 - $10,000
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$1,373 - $10,000
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Ella
3833 SW Bond AvePortland, OR 97239
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$1,440 - $1,499Studio to 1 Bedroom Apartments Available Now
The Emery Apartments
3155 S Moody AvePortland, OR 97239
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$1,540 - $2,7781 to 3 Bedroom Apartments Available May 29
Cascade Vista
5132 SW Slavin RdPortland, OR 97239
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$1,548 - $7,0091 to 3 Bedroom Apartments Available Now
Harrison Tower Apartment Homes
222 SW Harrison StPortland, OR 97201
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$1,550 - $2,9351 to 3 Bedroom Apartments Available Now
Marquam Heights
3158 SW 12th AvePortland, OR 97239
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$1,589 - $3,284Studio to 2 Bedroom Apartments Available Now
Griffis South Waterfront
650 S Gaines StPortland, OR 97239
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$1,6002 Bedroom Apartments Contact Us For Availability
Town & Country Apartments
4820 SW Barbur BlvdPortland, OR 97239
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$1,600 - $2,636Studio to 2 Bedroom Apartments Available Now
linc245 Apartments
245 SW Lincoln StPortland, OR 97201
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$1,607 - $2,9321 to 2 Bedroom Apartments Available Now
Osprey
3750 S River PkyPortland, OR 97239
Cash 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.
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$1,615 - $3,247
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$1,615 - $3,247
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The Olivia
3850 S Bond AvePortland, OR 97239
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$1,681 - $7,180
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$1,681 - $7,180
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The Ardea Apartments
3720 SW Bond AvePortland, OR 97239
3601 S River Pkwy
PortlandOR97239
3425 SW Barbur Blvd
PortlandOR97239
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Studio to 1 Bedroom Apartments
The Amy
2031 SW 10th AvePortland, OR 97201
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Studio to 1 Bedroom Apartments
Watergate Apartments
10 SW Porter StPortland, OR 97201
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Studio to 1 Bedroom Apartments
Harborview Apartments
5 SW Whitaker StPortland, OR 97239
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Studio to 1 Bedroom Apartments
Palladian Apartments
614 SW Jackson StPortland, OR 97201
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1 Bedroom Apartments
Forrest View Apartments
3101-3111 SW 13th AvePortland, OR 97239
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Studio to 1 Bedroom Apartments
Modern New Construction - Minutes from Downtown PDX & OHSU
3727-3755 S Hood AvePortland, OR 97239
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.
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Studio Apartments
Curry Court Apartments
11 SW Curry StPortland, OR 97239
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1 to 2 Bedroom Apartments
WaterLane Apartments
3807-3811 SW Water AvePortland, OR 97239
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Studio to 2 Bedroom Apartments
Water Meade Apartments
103 S Meade StPortland, OR 97201
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Studio to 2 Bedroom Apartments
MacAdam Apartments
5885 SW Macadam AvePortland, OR 97239
5885 S Macadam Ave
PortlandOR97239
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1 to 2 Bedroom Apartments
Hill Terrace Apartments
3115 SW 12th StPortland, OR 97239
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Studio to 2 Bedroom Apartments
MARQUAM MANOR APARTMENTS (MCM03)
3211 SW 10th AvePortland, OR 97239
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Studio to 1 Bedroom Apartments
650 SW Sherman St
650 SW Sherman StPortland, OR 97201
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Studio to 2 Bedroom Apartments
Boathouse
0444 SW Boundary StPortland, OR 97239
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1 to 2 Bedroom Apartments
Lair Hill Park Apartments
212-236 SW Meade StPortland, OR 97201
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.
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 | $1,271 | $470 | $2,056 |
| Homestead 1 Bedroom Apartments | $1,757 | $896 | $3,240 |
| Homestead 2 Bedroom Apartments | $2,714 | $1,264 | $7,180 |
| Homestead 3 Bedroom Apartments | $2,083 | $1,458 | $2,999 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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.
See all Apartments in PortlandExplore Portland
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 Waterleaf priced from $480. Palladian Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $955. Here are the most affordable Homestead apartments for rent in Portland, OR:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Waterleaf | Studio | Studio,1BA | $480 |
| Palladian Apartments | The Broadway | Studio,1BA | $955 |
| Koz on 4th | Essential Studio | Studio,1BA | $996 |
| Park Avenue Apartments | Studio | Studio,1BA | $999 |
| Gray's Landing | studio | Studio,1BA | $1,018 |
| Westfal Apartments | One Bedroom | 1BR,1BA | $1,025 |
| The Fredrick | Grover | Studio,1BA | $1,040 |
| Medina | 0x1 | Studio,1BA | $1,200 |
| MARQUAM MANOR APARTMENTS (MCM03) | Studio (435sq ft '01s, '02s, '03s, '04s, '08s &... | Studio,1BA | $1,250 |
| linc301 Apartments | 1x1 620 sq. ft. Hawthorne | 1BR,1BA | $1,305 |
Best Value Apartments for Rent in Homestead, OR
As of May 28, 2026 the best value apartment in the Homestead area is the $1.42 price per square foot Two Bedroom Model at Marquam Heights in the in the Southwest Portland neighborhood starting from $1,995. The second greatest value Homestead apartment is the 22F1 Model at The Matisse starting at $2,230 with a $2.05 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 | $1.42 |
| The Matisse | 22F1 | 2BR,2BA | $2.05 |
| Hilltop House Apartments | 1 bedroom 1 bath large | 1BR,1BA | $2.04 |
| Waterleaf | 1 Bedroom 1 Bath | 1BR,1BA | $1.83 |
| linc245 Apartments | 1x1 670 sq. ft. Columbia | 1BR,1BA | $2.39 |
| linc301 Apartments | 1x1 620 sq. ft. Hawthorne | 1BR,1BA | $2.10 |
| Park Plaza | 1x1 | 1BR,1BA | $2.16 |
| Gray's Landing | studio | Studio ,1BA | $1.70 |
| Westfal Apartments | One Bedroom | 1BR,1BA | $1.71 |
| Palladian Apartments | The Broadway | Studio ,1BA | $2.39 |
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 Article
Don'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 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 ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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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.
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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 $1,305.
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 $7,768.
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 50 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 $362 which is $7,406 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.
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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
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.