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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 (68 Rentals)
Search the lowest-cost Apartments available for rent right now in the Homestead area of Portland.
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$480 - $1,785Studio to 3 Bedroom Apartments Available Now
Waterleaf
2065 S River PkyPortland, OR 97201
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$899 - $1,325Studio to 1 Bedroom Apartments Available Now
Koz on 4th
2211 SW 4th AvePortland, OR 97201
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$995 - $1,515Studio to 2 Bedroom Apartments Available Now
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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$1,005Studio to 3 Bedroom Apartments Available Now
Acqua Apartments - Student Affordable
2615 S Water AvePortland, OR 97201
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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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$1,104 - $2,420
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,104 - $2,420
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Park Plaza
1969 SW Park AvePortland, OR 97201
1229 SW Grover St
PortlandOR97239
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
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$1,225 - $2,495Studio to 2 Bedroom Apartments Available Now
The Woods on Marquam Hill
1311 SW Gibbs StPortland, OR 97239
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$1,245 - $2,875
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,245 - $2,875
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$1,245 - $2,875
Sanctuary
4940 S Landing DrPortland, OR 97239
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$1,249 - $1,499Studio to 1 Bedroom Apartments Available Now
The Emery Apartments
3155 S Moody AvePortland, OR 97239
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$1,280 - $3,355Studio to 2 Bedroom Apartments Available Now
The Matisse
677 S Lowell StPortland, OR 97239
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$1,295 - $1,9461 to 2 Bedroom Apartments Available Now
linc301 Apartments
301 SW Lincoln StPortland, OR 97201
1111 S Gaines St
PortlandOR97239
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$1,2951 Bedroom Apartments Available Now
1001 SW Woods St, Unit 2
1001 SW Woods StPortland, OR 97239
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$1,295 - $3,199
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$1,295 - $3,199
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The Dylan
3883 S Moody AvePortland, OR 97239
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$1,299 - $1,799Studio to 1 Bedroom Apartments Available Now
Corbett Heights
SW Corbett AvePortland, OR 97239
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$1,3451 Bedroom Apartments Available Now
3507 SW 11th Ave, Unit 3
3507 SW 11th AvePortland, OR 97239
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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$1,394 - $2,590
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Studio to 4 Bedroom Apartments Available NowTotal Monthly Price
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$1,394 - $2,590
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The Douglas
1811 SW River DrPortland, OR 97201
1245 SW Grover St
PortlandOR97239
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$1,4001 Bedroom Apartments Contact Us For Availability
Medina
2926 SW 4th AvePortland, OR 97239
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$1,420 - $2,5701 to 3 Bedroom Apartments Available Now
Cascade Vista
5132 SW Slavin RdPortland, OR 97239
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$1,425 - $2,795Studio to 2 Bedroom Apartments Available Now
Marquam Heights
3158 SW 12th AvePortland, OR 97239
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Rent Specials
$1,425 - $3,220
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1 Bedroom Apartments Available NowTotal Monthly Price
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$1,425 - $3,220
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The Olivia
3850 S Bond AvePortland, OR 97239
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$1,446 - $2,9591 to 2 Bedroom Apartments Available Now
Osprey
3750 S River PkyPortland, OR 97239
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$1,449 - $10,000
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,449 - $10,000
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Ella
3833 SW Bond AvePortland, OR 97239
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$1,450 - $4,6891 to 3 Bedroom Apartments Available Now
Harrison Tower Apartment Homes
222 SW Harrison StPortland, OR 97201
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$1,535 - $3,114Studio to 2 Bedroom Apartments Available Now
Griffis South Waterfront
650 S Gaines StPortland, 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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$1,545 - $2,562Studio to 2 Bedroom Apartments Available Now
linc245 Apartments
245 SW Lincoln StPortland, OR 97201
3717 S Corbett Ave
PortlandOR97239
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$1,5951 Bedroom Apartments Available Now
Lair Hill
3030-3032 SW Fourth AvePortland, OR 97201
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$1,6002 Bedroom Apartments Contact Us For Availability
Town & Country Apartments
4820 SW Barbur BlvdPortland, OR 97239
3515 SW Barbur Blvd, Unit O-2, Unit O-2
3515 SW Barbur Blvd
PortlandOR97239
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$1,900 - $6,831
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1 to 3 Bedroom Apartments Available NowTotal Monthly Price
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$1,900 - $6,831
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Willamette Tower
3820 S River PkyPortland, OR 97267
3601 S River Pkwy, Unit 1302, Unit 1302
3601 S River Pkwy
PortlandOR97239
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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
The Amy
2031 SW 10th AvePortland, OR 97201
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Studio to 1 Bedroom Apartments
Harborview Apartments
5 SW Whitaker StPortland, OR 97239
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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1 Bedroom Apartments
Forrest View Apartments
3101-3111 SW 13th AvePortland, OR 97239
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Studio Apartments
Curry Court Apartments
11 SW Curry 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 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
Marquam Manor
3211 SW 10th AvePortland, OR 97239
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Studio to 2 Bedroom Apartments
MacAdam Apartments
5885 SW Macadam AvePortland, OR 97239
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1 to 2 Bedroom Apartments
Hill Terrace Apartments
3115 SW 12th StPortland, 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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1 to 2 Bedroom Apartments
Lair Hill Park Apartments
212-236 SW Meade StPortland, OR 97201
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.
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 | $1,236 | $470 | $2,175 |
| Homestead 1 Bedroom Apartments | $1,735 | $1,056 | $3,220 |
| Homestead 2 Bedroom Apartments | $2,669 | $1,264 | $7,045 |
| Homestead 3 Bedroom Apartments | $1,728 | $1,458 | $2,249 |
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 68 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. Koz on 4th has the second lowest priced unit, which is a Studio apartment currently listed from $925. 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 |
| Koz on 4th | Essential Studio | Studio,1BA | $925 |
| Harborview Apartments | 0BR/1.0BA | Studio,1BA | $945 |
| Park Avenue Apartments | Studio | Studio,1BA | $999 |
| Acqua Apartments - Student Affordable | Studio | Studio,1BA | $1,005 |
| Gray's Landing | studio | Studio,1BA | $1,018 |
| Westfal Apartments | One Bedroom | 1BR,1BA | $1,025 |
| Palladian Apartments | The Broadway | Studio,1BA | $1,077 |
| The Fredrick | Grover | Studio,1BA | $1,099 |
| Marquam Manor | Studio ('01s,'02s,'03s,'04s,'08s,'09s) | Studio,1BA | $1,100 |
Best Value Apartments for Rent in Homestead, OR
As of April 12, 2026 the best value apartment in the Homestead area is the $2.20 price per square foot 22F1 Model at The Matisse in the in the Southwest Portland neighborhood starting from $2,395. The second greatest value Homestead apartment is the Two Bedroom A Model at Cascade Vista starting at $1,420 with a $1.66 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. |
|---|---|---|---|
| The Matisse | 22F1 | 2BR,2BA | $2.20 |
| Cascade Vista | Two Bedroom A | 2BR,1BA | $1.66 |
| linc301 Apartments | 2x1 828 sq. ft. Morrison | 2BR,1BA | $2.15 |
| Lair Hill | 1x1 | 1BR,1BA | $1.94 |
| Hoodview Apartments | 2BR/1.0BA | 2BR,1BA | $1.72 |
| Hilltop House Apartments | 1 bedroom 1 bath large | 1BR,1BA | $2.21 |
| Waterleaf | 1 Bedroom 1 Bath | 1BR,1BA | $1.64 |
| Westfal Apartments | One Bedroom | 1BR,1BA | $1.71 |
| Gray's Landing | studio | Studio ,1BA | $2.17 |
| Acqua Apartments - Student Affordable | Studio | Studio ,1BA | $2.31 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
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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
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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 $1,100.
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 $7,637.
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 68 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 $502 which is $7,135 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.
Articles, How-To's, and Tips
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.
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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.