Cheap Apartments for Rent in the Homestead Neighborhood of Portland, OR from $800 (52 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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Park Plaza
$970 - $2,372
Total Monthly Price

Total Monthly Price

Base Rent
$966 - $2,368
Required Monthly Fees
$4

Total Monthly Price
$970 - $2,372
Studio to 2 Bedroom Apartments Available Now

Park Plaza

1969 SW Park AvePortland, OR 97201
Corporate Housing
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  • Customer Reviewed
  • 3D Tour

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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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The Dylan
Rent Specials
$1,295 - $3,253
Total Monthly Price

Total Monthly Price

Base Rent
$1,295 - $3,253

Total Monthly Price
$1,295 - $3,253
Studio to 2 Bedroom Apartments Available Now

The Dylan

3883 S Moody AvePortland, OR 97239
Outdoors
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Ella
Rent Specials
$1,299 - $7,872
Total Monthly Price

Total Monthly Price

Base Rent
$1,299 - $7,872

Total Monthly Price
$1,299 - $7,872
Studio to 2 Bedroom Apartments Available Now

Ella

3833 SW Bond AvePortland, OR 97239
Pet Friendly
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Griffis South Waterfront
Rent Specials
$1,320 - $2,896
Total Monthly Price

Total Monthly Price

Base Rent
$1,320 - $2,896

Total Monthly Price
$1,320 - $2,896
Studio to 2 Bedroom Apartments Available Now

Griffis South Waterfront

650 S Gaines StPortland, OR 97239
Luxury
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The Douglas
Rent Specials
$1,340 - $3,334
Total Monthly Price

Total Monthly Price

Base Rent
$1,340 - $3,334

Total Monthly Price
$1,340 - $3,334
Studio to 4 Bedroom Apartments Available Now

The Douglas

1811 SW River DrPortland, OR 97201
Transit Friendly
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  • 3D Tour

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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The Olivia
Rent Specials
$1,439 - $3,265
Total Monthly Price

Total Monthly Price

Base Rent
$1,439 - $3,265

Total Monthly Price
$1,439 - $3,265
1 Bedroom Apartments Available Now

The Olivia

3850 S Bond AvePortland, OR 97239
Affordability
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The Amy
Studio to 1 Bedroom Apartments

The Amy

2031 SW 10th AvePortland, OR 97201
Student Housing
  • Utilities Included

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.

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Koz on 4th
Studio to 1 Bedroom Apartments

Koz on 4th

2211 SW 4th AvePortland, OR 97201
  • Utilities Included
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Hillcrest style
Studio to 2 Bedroom Apartments

Hillcrest style

3518 SW 11th AvePortland, OR 97239
  • Utilities Included
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Curry Court Apartments
Studio Apartments

Curry Court Apartments

11 SW Curry StPortland, OR 97239
Student Housing
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WaterLane Apartments
1 to 2 Bedroom Apartments

WaterLane Apartments

3807-3811 SW Water AvePortland, OR 97239
  • Utilities Included
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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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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.

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650 SW Sherman St
Studio to 1 Bedroom Apartments

650 SW Sherman St

650 SW Sherman StPortland, OR 97201
  • Utilities Included
  • Smoke Free
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La Stella Apartments
Studio to 2 Bedroom Apartments

La Stella Apartments

3535 SW Corbett AvePortland, OR 97239
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TreeHouse
Studio to 2 Bedroom Apartments

TreeHouse

3440 SW US Veterans Hospital RdPortland, OR 97239
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Boathouse
Studio to 2 Bedroom Apartments

Boathouse

0444 SW Boundary StPortland, OR 97239
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City's Edge
1 to 2 Bedroom Apartments

City's Edge

4210-4230 SW View Point TerPortland, OR 97239
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Hoodview Apartments
Studio to 2 Bedroom Apartments

Hoodview Apartments

329 S Whitaker StPortland, OR 97239
  • Utilities Included

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

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 ListingModel NameBed/BathPriced From
Koz on 4thStudioStudio,1BA$917
Park Avenue ApartmentsStudioStudio,1BA$999
Acqua Apartments - Student AffordableStudioStudio,1BA$1,005
The FredrickBarburStudio,1BA$1,025
Westfal ApartmentsOne Bedroom1BR,1BA$1,095
MARQUAM MANOR APARTMENTS (MCM03)Studio ('01s,'02s,'03s,'04s,'08s,'09s)Studio,1BA$1,100
Gray's Landing1BR/1BA1BR,1BA$1,102
Park PlazaStudioStudio,1BA$1,113
Cascade VistaStudio AStudio,1BA$1,150
Harborview Apartments1BR/1.0BA1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Marquam HeightsTwo Bedroom2BR,2BA$2.25
Lair Hill1x11BR,1BA$1.70
Hoodview Apartments2BR/1.0BA2BR,1BA$1.87
The Matisse11F11BR,1BA$2.01
Hilltop House Apartments1 bedroom 1 bath large1BR,1BA$1.96
Modern New Construction - Minutes from Downtown PDX & OHSU1BR/1.0BA1BR,1BA$2.06
Gray's LandingStudioStudio ,1BA$1.77
linc301 Apartments1x1 620 sq. ft. Hawthorne1BR,1BA$2.10
Westfal ApartmentsOne Bedroom1BR,1BA$1.83
Acqua Apartments - Student AffordableStudioStudio ,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!

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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.

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

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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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A 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

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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 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

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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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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.

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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.

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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

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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.

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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.

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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.

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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.