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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 (63 Rentals)
Search the lowest-cost Apartments available for rent right now in the Homestead area of Portland.
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$480 - $1,798Studio to 3 Bedroom Apartments Available Now
Waterleaf
2065 S River PkyPortland, OR 97201
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$949 - $1,375
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$949 - $1,375
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$949 - $1,375
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 Contact Us For AvailabilityTotal 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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$1,018 - $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 Contact Us For Availability
Westfal Apartments
1880 SW 5th AvePortland, OR 97201
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$1,047 - $2,426
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,047 - $2,426
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Park Plaza
1969 SW Park AvePortland, OR 97201
3717 S Corbett Ave
PortlandOR97239
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$1,175 - $2,195Studio to 2 Bedroom Apartments Available Now
The Woods on Marquam Hill
1311 SW Gibbs 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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$1,2501 Bedroom Apartments Available Jul 17
930 SW Gibbs St, Unit 7
930 SW Gibbs StPortland, OR 97239
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Rent Specials
$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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$1,310 - $2,985Studio to 2 Bedroom Apartments Available Now
The Matisse
677 S Lowell StPortland, OR 97239
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$1,315 - $2,8371 to 3 Bedroom Apartments Available Now
Cascade Vista
5132 SW Slavin RdPortland, OR 97239
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$1,334 - $2,950
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Studio to 4 Bedroom Apartments Available NowTotal Monthly Price
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$1,334 - $2,950
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The Douglas
1811 SW River DrPortland, OR 97201
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$1,369 - $10,000
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$1,369 - $10,000
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Ella
3833 SW Bond AvePortland, OR 97239
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$1,370 - $2,4921 to 2 Bedroom Apartments Available Now
linc301 Apartments
301 SW Lincoln StPortland, OR 97201
2442 SW Sheffield Ave, Unit B
2442 SW Sheffield Ave
PortlandOR97201
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$1,400 - $1,699Studio to 1 Bedroom Apartments Available Now
Corbett Heights Apartments
SW Corbett 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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$1,485 - $3,0511 to 2 Bedroom Apartments Available Now
Osprey
3750 S River PkyPortland, OR 97239
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$1,494 - $5,9521 to 3 Bedroom Apartments Available Now
Harrison Tower Apartment Homes
222 SW Harrison StPortland, OR 97201
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$1,5002 Bedroom Apartments Contact Us For Availability
Town and Country Apartments
4820 SW Barbur BlvdPortland, OR 97239
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$1,500 - $1,703Studio to 2 Bedroom Apartments Available Now
linc245 Apartments
245 SW Lincoln StPortland, OR 97201
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$1,505 - $3,530Studio to 2 Bedroom Apartments Available Now
Griffis South Waterfront
650 S Gaines StPortland, OR 97239
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$1,544 - $2,772
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$1,544 - $2,772
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Sanctuary
4940 S Landing DrPortland, OR 97239
5025 S Corbett Ave
PortlandOR97239
3425 SW Barbur Blvd
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
Harborview Apartments
5 SW Whitaker StPortland, 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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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 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 1 Bedroom Apartments
The Amy
2031 SW 10th AvePortland, OR 97201
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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
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Studio to 2 Bedroom Apartments
MARQUAM MANOR APARTMENTS (MCM03)
3211 SW 10th 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 3 Bedroom Apartments
Park Avenue Gardens
2073 SW Park AvePortland, OR 97201
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 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
0225 S Hamilton St
PortlandOR97239
22 S Meade St
PortlandOR97201
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Studio to 2 Bedroom Apartments
Hilltop House Apartments
3223 SW 11th AvePortland, OR 97239
111 SW Harrison St
PortlandOR97201
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Studio to 2 Bedroom Apartments
TreeHouse
3440 SW US Veterans Hospital RdPortland, OR 97239
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Studio to 2 Bedroom Apartments
La Stella Apartments
3535 SW Corbett AvePortland, OR 97239
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Studio to 1 Bedroom Apartments
The View Point
4310-4314 SW View Point TerPortland, OR 97239
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Studio to 2 Bedroom Apartments
Hoodview Apartments
329 S Whitaker StPortland, OR 97239
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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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 | $1,324 | $470 | $2,056 |
| Homestead 1 Bedroom Apartments | $1,693 | $1,025 | $3,009 |
| Homestead 2 Bedroom Apartments | $2,468 | $1,264 | $7,180 |
| Homestead 3 Bedroom Apartments | $2,025 | $1,458 | $2,950 |
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 63 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
- Nearby Portland neighborhoods
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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 - MULTE | Studio,1BA | $996 |
| Park Avenue Apartments | Studio | Studio,1BA | $999 |
| Gray's Landing | studio | Studio,1BA | $1,018 |
| Park Plaza | 1x1 | 1BR,1BA | $1,047 |
| MARQUAM MANOR APARTMENTS (MCM03) | Studio (435sq ft '01s, '02s, '03s, '04s, '08s &... | Studio,1BA | $1,175 |
| The Woods on Marquam Hill | Studio B | Studio,1BA | $1,175 |
| Medina | 0x1 | Studio,1BA | $1,200 |
| The Matisse | 01F1 | Studio,1BA | $1,310 |
Best Value Apartments for Rent in Homestead, OR
As of July 12, 2026 the best value apartment in the Homestead area is the $2.45 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 $2,950. The second greatest value Homestead apartment is the 11L1 Model at The Matisse starting at $2,025 with a $2.28 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 | $2.45 |
| The Matisse | 11L1 | 1BR,1BA | $2.28 |
| Hilltop House Apartments | 1 bedroom 1 bath large | 1BR,1BA | $2.00 |
| Waterleaf | 1 Bedroom 1 Bath | 1BR,1BA | $1.90 |
| linc245 Apartments | 1x1 670 sq. ft. Columbia | 1BR,1BA | $2.24 |
| 3727 SW Hood | 1BR/1.0BA | 1BR,1BA | $2.13 |
| linc301 Apartments | 1x1 620 sq. ft. Hawthorne | 1BR,1BA | $2.21 |
| Gray's Landing | studio | Studio ,1BA | $1.70 |
| Cascade Vista | One Bedroom B | 1BR,1BA | $2.25 |
| 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!
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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.
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 the Cheapest Studio apartment in Homestead?
Currently the most affordable Cheap Studio Apartment in Homestead is at Waterleaf listed at $480.
How much is rent for a Cheap One Bedroom Homestead Apartment?
The lowest price for a Cheap One Bedroom Homestead Apartment is $1,047 at Park Plaza.
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 $1,290 at Gray's Landing.
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
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 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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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.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.