0225 S Hamilton St
PortlandOR97239
Cheap Homes for Rent in Homestead Neighborhood of Portland, OR from $1,200 (13 Rentals)
Search the lowest-cost Homes available for rent right now in the Homestead area of Portland.
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$1,3451 Bedroom Apartments Available Now
3507 SW 11th Ave, Unit 3
3507 SW 11th AvePortland, OR 97239
3712 S Kelly Ave
PortlandOR97239
2333 SW 6th Ave
PortlandOR97201
4314 Southwest View Point Ter
PortlandOR97239
908 S Gaines St
PortlandOR97239
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.
3030 SW 4th Ave
PortlandOR97201
22 S Meade St
PortlandOR97201
3425 SW Barbur Blvd
PortlandOR97239
5885 S Macadam Ave
PortlandOR97239
3515 SW Barbur Blvd, Unit O-2, Unit O-2
3515 SW Barbur Blvd
PortlandOR97239
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$1,9902 Bedroom Apartments Available Now
1120 SW Broadway Dr, Unit Residence B
1120 SW Broadway DrPortland, OR 97201
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.
3601 S River Pkwy, Unit 1302, Unit 1302
3601 S River Pkwy
PortlandOR97239
Showing Results 1-13, Page 1 of 1
Homestead, Portland, OR Local Guide
How much does it cost to rent a home in Homestead?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Homestead 2 Bedroom Homes for Rent | $2,370 | $1,345 | $3,745 |
| Homestead 3 Bedroom Homes for Rent | $4,509 | $2,800 | $5,999 |
| Homestead 4 Bedroom Homes for Rent | $4,348 | $3,650 | $5,750 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 13 rentals with your search options within a 1 mile radius of the Homestead Neighborhood of Portland, OR.
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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 |
Best Value Apartments for Rent in Homestead, OR
As of April 26, 2026 the best value apartment in the Homestead area is the $2.17 price per square foot Townhome – 2 Bedroom 2.5 Bath and attached garage Model at Sophia's View — Condo-Style 2BR/2BA Flats & Townhomes in South Portland in the in the Southwest Portland neighborhood starting from $4,500. The second greatest value Homestead apartment is the 1x1 Model at Lair Hill starting at $1,495 with a $1.82 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. |
|---|---|---|---|
| Sophia's View — Condo-Style 2BR/2BA Flats & Townhomes in South Portland | Townhome – 2 Bedroom 2.5 Bath and attached garage | 2BR,2.5BA | $2.17 |
| Lair Hill | 1x1 | 1BR,1BA | $1.82 |
| Hilltop House Apartments | 1 bedroom 1 bath large | 1BR,1BA | $2.07 |
| Waterleaf | 1 Bedroom 1 Bath | 1BR,1BA | $1.64 |
| The Matisse | 01F1 | Studio ,1BA | $2.25 |
| linc301 Apartments | 1x1 620 sq. ft. Hawthorne | 1BR,1BA | $2.15 |
| Park Plaza | 1x1 | 1BR,1BA | $2.28 |
| Westfal Apartments | One Bedroom | 1BR,1BA | $1.71 |
| The Fredrick | Fairmount | 1BR,1BA | $2.22 |
| Gray's Landing | studio | Studio ,1BA | $2.17 |
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 $470 to $7,045. There are also 39 Single Family Homes for rent, Condos, and Townhome rentals currently available in Homestead ranging from $1,295 to $5,999.
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 $1,295 to $5,999 with an average monthly rent of $2,953.
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
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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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Articles, How-To's, and Tips
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
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Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
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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.