Cheap Homes for Rent in Homestead Neighborhood of Portland, OR from $1,400 (11 Rentals)

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Search the lowest-cost Homes available for rent right now in the Homestead area of Portland.

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.

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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.

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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 $958. The Fredrick has the second lowest priced unit, which is a Studio apartment currently listed from $1,020. Here are the most affordable Homestead apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Koz on 4thStudioStudio,1BA$958
The Fredrick0x1Studio,1BA$1,020
Park PlazaStudioStudio,1BA$1,089
Westfal ApartmentsOne Bedroom1BR,1BA$1,095
AcquaStudioStudio,1BA$1,099

Best Value Apartments for Rent in Homestead, OR

As of May 30, 2025 the best value apartment in the Homestead area is the $2.22 price per square foot 2 bedroom 2 bath flat small Model at Sophia's View in the in the Southwest Portland neighborhood starting from $3,335. The second greatest value Homestead apartment is the Two Bedroom Model at The Woods on Marquam Hill starting at $2,375 with a $2.33 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.
Sophia's View2 bedroom 2 bath flat small2BR,2BA$2.22
The Woods on Marquam HillTwo Bedroom2BR,2BA$2.33
linc245 Apartments1x1 776 sq. ft. Corbett1BR,1BA$2.54
Greenbriar Village2 Bed 1 Bath2BR,1BA$1.89
The Matisse01F1Studio ,1BA$2.46
linc301 Apartments1x1 620 sq. ft. Hawthorne1BR,1BA$2.31
Westfal ApartmentsOne Bedroom1BR,1BA$1.83
WaterleafStudio-60%Studio ,1BA$2.13
MARQUAM MANOR APARTMENTS (MCM03)Studio ('01s,'02s,'03s,'04s,'08s,'09s)Studio ,1BA$2.53
Park PlazaStudioStudio ,1BA$2.56

Quick Rent Budget Calculator

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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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Frequently Asked Questions about Homestead

What type of rentals are currently available in Homestead?

There are currently 167 Apartments for Rent in Homestead, OR with pricing that ranges from $680 to $10,000. There are also 26 Single Family Homes for rent, Condos, and Townhome rentals currently available in Homestead ranging from $1,445 to $15,000.

What is the current price range for Rental Homes in Homestead?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Homestead ranges from $1,445 to $15,000 with an average monthly rent of $3,921.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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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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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.