Cheap Apartments for Rent in the Homestead Neighborhood of Portland, OR from $470 (65 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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Koz on 4th
Rent Specials
$949 - $1,375
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Total Monthly Price

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$949 - $1,375

Total Monthly Price
$949 - $1,375
Studio to 1 Bedroom Apartments Available Now

Koz on 4th

2211 SW 4th AvePortland, OR 97201
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The Fredrick
$995 - $1,515
Total Monthly Price

Total Monthly Price

Base Rent
$995 - $1,515

Total Monthly Price
$995 - $1,515
Studio to 2 Bedroom Apartments Available Now

The Fredrick

3010-3106 SW 10th AvePortland, OR 97239
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Park Plaza
$1,103 - $2,426
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$1,103 - $2,426

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Studio to 2 Bedroom Apartments Available Now

Park Plaza

1969 SW Park AvePortland, OR 97201
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The Douglas
$1,275 - $2,373
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Total Monthly Price

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$1,275 - $2,373

Total Monthly Price
$1,275 - $2,373
Studio to 4 Bedroom Apartments Available Now

The Douglas

1811 SW River DrPortland, OR 97201
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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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The Dylan
Rent Specials
$1,295 - $3,653
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$1,295 - $3,653

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Studio to 2 Bedroom Apartments Available Now

The Dylan

3883 S Moody AvePortland, OR 97239
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Ella
Rent Specials
$1,399 - $10,000
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Total Monthly Price

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$1,399 - $10,000

Total Monthly Price
$1,399 - $10,000
Studio to 2 Bedroom Apartments Available Now

Ella

3833 SW Bond AvePortland, OR 97239
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Sanctuary
Rent Specials
$1,444 - $1,960
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$1,444 - $1,960

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Studio to 2 Bedroom Apartments Available Now

Sanctuary

4940 S Landing DrPortland, OR 97239
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Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Cascade Vista
$1,505 - $2,200
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Total Monthly Price

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$1,505 - $2,200

Total Monthly Price
$1,505 - $2,200
1 to 2 Bedroom Apartments Available Now

Cascade Vista

5132 SW Slavin RdPortland, OR 97239
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property at 3601 S River Pky

$1,600

Total Monthly Price

Total Monthly Price

Base Rent
$1,600

Total Monthly Price
$1,600

Studio, 1 Bath Condo for Rent

Available Now

3601 S River Pky, Unit 1316

3601 S River Pky
PortlandOR97239
property at 3701 SW Condor Ave

$1,750

Total Monthly Price

Total Monthly Price

Base Rent
$1,750

Total Monthly Price
$1,750

1 Bedroom, 1 Bath Condo for Rent

Available Now

3701 SW Condor Ave, Unit K 1

3701 SW Condor Ave
PortlandOR97239

Portland’s Best Affordable Neighborhoods

Learn about Portland and the best places to live with original content written by our Portland, OR Local Expert Chad Deitchley

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3727 SW Hood
Studio to 1 Bedroom Apartments

3727 SW Hood

3727-3755 S Hood AvePortland, OR 97239
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Curry Court Apartments
Studio Apartments

Curry Court Apartments

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

WaterLane Apartments

3807-3811 SW Water AvePortland, OR 97239
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The Amy
Studio to 1 Bedroom Apartments

The Amy

2031 SW 10th AvePortland, OR 97201
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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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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Park Avenue Gardens
Studio to 3 Bedroom Apartments

Park Avenue Gardens

2073 SW Park AvePortland, OR 97201
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650 SW Sherman St
Studio to 1 Bedroom Apartments

650 SW Sherman St

650 SW Sherman StPortland, OR 97201
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TreeHouse
Studio to 2 Bedroom Apartments

TreeHouse

3440 SW US Veterans Hospital RdPortland, OR 97239
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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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The View Point
Studio to 1 Bedroom Apartments

The View Point

4310-4314 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
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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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 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 ListingModel NameBed/BathPriced From
The FredrickBarburStudio,1BA$1,025
3727 SW Hood0BR/1.0BAStudio,1BA$1,025
#185-4130 SW View Point Terrace1BR/1.0BA1BR,1BA$1,195
The Woods on Marquam HillStudio CStudio,1BA$1,195
MARQUAM MANOR APARTMENTS (MCM03)Studio (435sq ft '01s, '02s, '03s, '04s, '08s &...Studio,1BA$1,200
Medina0x1Studio,1BA$1,200
WaterleafStudioStudio,1BA$1,246
Koz on 4thLadder Loft1BR,1BA$1,250
The DouglasStudio IrvingStudio,1BA$1,275
Corbett Heights Apartments0 x 1 - 528 SFStudio,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 ListingModel NameBed/BathPrice Per Sq.Ft.
3601 sw river parkway, Unit 11183601 sw river parkway1BR,1BA$2.28
Marquam HeightsThree Bedroom3BR,2BA$2.39
The Matisse22F12BR,2BA$1.99
Cascade VistaTwo Bedroom A2BR,1BA$1.96
Park Plaza1x11BR,1BA$2.27
#185-4130 SW View Point Terrace1BR/1.0BA1BR,1BA$1.84
linc301 Apartments1x1 620 sq. ft. Hawthorne1BR,1BA$2.17
Hilltop House Apartments1 bedroom 1 bath small1BR,1BA$2.17
WaterleafStudioStudio ,1BA$2.17
The FredrickBarburStudio ,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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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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Real 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 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

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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.

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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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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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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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

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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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

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.

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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.